At a Glance
- Tasks: Manage loan accounts and ensure accurate processing of transactions in a dynamic banking environment.
- Company: Join a busy Wholesale Banking team in the heart of London.
- Benefits: Competitive salary, permanent role, and hands-on experience in Credit Administration.
- Other info: Office-based role offering exposure to various banking operations.
- Why this job: Develop your career in finance while working with diverse stakeholders and gaining valuable skills.
- Qualifications: Experience in loan administration and strong organisational skills required.
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 and 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 employer: LJ Recruitment
Join our dynamic Wholesale Banking team in London as a Senior Associate - Credit Administration, where you will thrive in a structured and fast-paced environment. We offer a competitive salary of £28,500 per annum, alongside opportunities for professional growth and development within the credit operations field. Our office-based culture fosters collaboration and communication across various teams, ensuring that you gain valuable experience while contributing to meaningful projects.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Administrator
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. 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 researching the company and the role. Understand their values and how your experience in loan administration aligns with what they’re looking for. This will help you stand out as a candidate who truly gets it.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to credit operations and loan management. We recommend doing mock interviews with friends or using online resources to boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Credit Administrator
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:Since this role requires strong attention to detail, make sure your application is free from typos and errors. We appreciate clarity and precision, so double-check everything before hitting send!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity in London!
How to prepare for a job interview at LJ Recruitment
✨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.
✨Showcase Your Attention to Detail
Since this role requires a strong attention to detail, prepare examples from your past experiences where your meticulousness made a difference. Whether it was in maintaining accurate records or ensuring compliance, be ready to share specific instances.
✨Familiarity with Finacle
If you have experience using Finacle, highlight it! If not, do some research on it and mention your willingness to learn. Showing that you're proactive about understanding the tools used in the role can set you apart.
✨Communicate Effectively
Practice articulating your thoughts clearly and confidently. Since you'll be liaising with various teams and stakeholders, demonstrating strong communication skills during the interview is crucial. Consider doing mock interviews to refine your delivery.
