At a Glance
- Tasks: Manage loan accounts and ensure accurate processing in a dynamic banking environment.
- Company: Join a leading Wholesale Banking team in London with a vibrant culture.
- Benefits: Competitive salary, permanent role, and hands-on experience in credit administration.
- Other info: Office-based role offering excellent exposure and growth opportunities.
- Why this job: Kickstart your career in finance and work with diverse stakeholders.
- Qualifications: Experience in loan administration and strong organisational skills required.
The predicted salary is between 28500 - 28500 € per year.
We are currently recruiting for a Senior Associate - Credit Administration to join a busy and dynamic Wholesale Banking team in London. This is an excellent opportunity for someone with experience in loan administration and credit operations to develop their career within a structured and fast-paced environment.
The Role
- You will be responsible for the day-to-day administration and maintenance of a portfolio of bilateral, syndicated, and retail loan accounts, ensuring accuracy, compliance, and timely processing of all transactions and reporting requirements.
Key Responsibilities
- Manage loan lifecycle activities including drawdowns, rollovers, repayments, and interest servicing.
- Maintain and update loan accounts within Finacle, ensuring accurate data and transaction processing.
- Perform general account maintenance, including file management, correspondence, and record keeping.
- Maintain loan files, working diaries, and registers in line with internal procedures.
- Liaise with agent banks, participating banks, and internal departments to ensure smooth processing of transactions.
- Coordinate with Accounts for reconciliation of loan accounts.
- Monitor and diarise interest and instalment payments, ensuring timely follow-ups.
- Support all activities relating to Bank Guarantees.
- Prepare and submit periodic reports and returns to internal stakeholders and regulatory bodies.
- Maintain data across internal systems including CRM, eFO, and EDMS.
- Respond to internal and external audit queries in a timely and accurate manner.
- Provide cover and support to other team members when required.
Key Stakeholders
- Corporate Credit, Retail Credit, Operations, Accounts, and Treasury teams.
- Agent banks, branches, solicitors, and external vendors.
About You
- Working knowledge of loans & advances and bank guarantees.
- Experience using Finacle (preferred).
- Proficiency in Microsoft Word and Excel.
- Strong attention to detail with excellent organisational skills.
- Calm, composed, and professional approach to work.
- Strong communication skills with the ability to liaise across multiple teams.
What's on Offer
- Salary of £28,500 per annum.
- Permanent, full-time position.
- Opportunity to gain hands-on experience within Credit Administration and Loan Operations.
- Exposure to a wide range of internal and external stakeholders.
- Office-based role in London.
Credit Administrator in City of London employer: LJ Recruitment Limited
Join a leading Wholesale Banking team in London, where you will thrive in a structured and fast-paced environment that values employee growth and development. With a competitive salary of £28,500 per annum, this fully office-based role offers hands-on experience in Credit Administration, fostering a collaborative work culture that encourages communication across multiple teams. Enjoy the unique advantage of working in one of the world's financial capitals, with opportunities to engage with a diverse range of stakeholders and enhance your career in banking.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Administrator in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector and let them know you're on the hunt for a Credit Administrator role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of loan administration and credit operations. Be ready to discuss your experience with Finacle and how you've managed loan lifecycle activities in the past. Confidence is key!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Check out our website for the latest opportunities in Credit Administration and tailor your applications to highlight your relevant skills and experiences.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. It’s also a great chance to reiterate why you’re the perfect fit for the Senior Associate position.
We think you need these skills to ace Credit Administrator in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in loan administration and credit operations. We want to see how your skills match the role, so don’t be shy about showcasing relevant achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re excited about the Senior Associate - Credit Administration role and how you can contribute to our dynamic Wholesale Banking team.
Showcase Your Attention to Detail:In this role, accuracy is key. When filling out your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure everything is spot on!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at LJ Recruitment Limited
✨Know Your Loans
Make sure you brush up on your knowledge of loans and advances, especially the types relevant to the role. Familiarise yourself with terms like drawdowns, rollovers, and repayments, as these will likely come up during the interview.
✨Master Finacle
If you have experience using Finacle, be prepared to discuss it in detail. If not, do some research on how it works and its relevance in loan administration. Showing that you’re proactive about learning can really impress the interviewers.
✨Showcase Your Organisational Skills
Since the role requires strong organisational skills, think of examples from your past experiences where you successfully managed multiple tasks or projects. Be ready to explain how you maintain accuracy and compliance in your work.
✨Communicate Effectively
Practice your communication skills before the interview. You’ll need to liaise with various teams and stakeholders, so being able to articulate your thoughts clearly and professionally is key. Consider preparing a few questions to ask them as well!
