At a Glance
- Tasks: Manage loan accounts and ensure accurate processing of transactions.
- Company: Dynamic financial institution based in London.
- Benefits: Competitive salary, full-time role, and hands-on experience.
- Other info: Office-based role with opportunities for professional growth.
- Why this job: Gain valuable experience in credit administration and work with diverse stakeholders.
- Qualifications: Knowledge of loans, strong attention to detail, and proficiency in Microsoft Office.
The predicted salary is between 28500 - 28500 £ per year.
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 Administration Specialist – Loan Lifecycle & Reporting in London employer: LJ Recruitment
As a Credit Administration Specialist in London, you will join a dynamic team that values accuracy and compliance while fostering a supportive work culture. The company offers a competitive salary, opportunities for professional growth, and the chance to engage with a diverse range of stakeholders, making it an excellent employer for those seeking meaningful and rewarding employment in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Administration Specialist – Loan Lifecycle & Reporting in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues 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 understanding their loan processes. Be ready to discuss how your skills align with managing loan lifecycle activities and maintaining accurate records. Confidence is key!
✨Tip Number 3
Showcase your attention to detail during interviews. Bring examples of how you've successfully managed accounts or handled complex transactions in the past. This will demonstrate your fit for the role of Credit Administration Specialist.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Credit Administration Specialist – Loan Lifecycle & Reporting in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your knowledge of loans, bank guarantees, and any experience with Finacle. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about credit administration and how your background makes you a great fit for the role. Keep it concise but engaging – we love a good story!
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 candidates who take the time to double-check their work, so let that shine through in your application!
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 on joining our team at StudySmarter!
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 bilateral and syndicated loans. Being able to discuss the loan lifecycle confidently will show that you're serious about the role and understand the key responsibilities.
✨Familiarise with Finacle
If you have experience with Finacle, great! If not, take some time to learn the basics. Understanding how to maintain and update loan accounts in this system can give you a significant edge during the interview.
✨Show Off Your Organisational Skills
Prepare examples that highlight your attention to detail and organisational skills. Discuss how you've managed multiple tasks or projects in the past, as this role requires keeping track of various loan accounts and transactions.
✨Communicate Effectively
Since you'll be liaising with various teams and external stakeholders, practice articulating your thoughts clearly. Think of scenarios where you've successfully communicated across departments, as this will demonstrate your strong communication skills.
