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 London with a focus on credit administration.
- Benefits: Competitive salary, permanent role, and hands-on experience in credit operations.
- Other info: Office-based role offering excellent career development opportunities.
- Why this job: Kickstart your career in finance with exposure to diverse stakeholders and real-world banking processes.
- Qualifications: Experience in loan administration and strong organisational skills are essential.
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 London 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 financial sector. Our supportive work culture encourages collaboration across teams, ensuring that you gain valuable experience while contributing to meaningful projects in the heart of the city.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Administrator in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector, especially those who work in credit administration. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of loan lifecycle activities and compliance regulations. We recommend practising common interview questions related to credit operations to boost your confidence.
✨Tip Number 3
Showcase your skills! Bring examples of how you've managed loan accounts or improved processes in previous roles. This will help you stand out as someone who can hit the ground running in a fast-paced environment.
✨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 Administrator in 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 your background makes you a perfect fit for our dynamic 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 best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
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 if you've got experience in this area. Be ready to discuss different types of loan accounts and the processes involved in managing them. This will show that you're not just familiar with the terminology but can also apply it practically.
✨Familiarise Yourself with Finacle
Since experience with Finacle is preferred, take some time to understand its functionalities. If you’ve used it before, be prepared to share specific examples of how you managed loan accounts or processed transactions using the system. This will demonstrate your technical skills and readiness for the role.
✨Highlight Your Attention to Detail
In credit administration, accuracy is key. Think of examples from your past work where your attention to detail made a difference, whether it was in maintaining records or ensuring compliance. Sharing these stories will help convey your organisational skills and reliability.
✨Prepare for Team Interactions
You’ll be liaising with various teams and external stakeholders, so practice how you would communicate effectively with them. Consider potential questions they might have and how you would respond. Showing that you can maintain a calm and professional approach under pressure will set you apart.
