Credit Administration Manager in City of London
Credit Administration Manager

Credit Administration Manager in City of London

City of London Full-Time 65000 - 72500 £ / year (est.) No home office possible
Market Talent Ltd

At a Glance

  • Tasks: Manage credit administration for residential and commercial lending, ensuring timely documentation and collaboration.
  • Company: Prestigious UK banking brand with nearly 50 years of excellence.
  • Benefits: Competitive salary, discretionary bonus, private medical, generous holiday, and pension contributions.
  • Other info: Relaxed working environment with opportunities for professional growth and development.
  • Why this job: Join a dynamic team in the heart of London and make a real impact in banking.
  • Qualifications: Experience in credit or mortgage administration and strong communication skills.

The predicted salary is between 65000 - 72500 £ per year.

Our client, a prestigious banking brand who has been situated in the UK for nearly 50 years, is seeking a new Credit Administration / Mortgage Administration Manager or supervisory experienced individual. This excellent commercial banking brand has strong business lines into residential mortgages, BTL and commercial real estate lending. The bank is located in the City of London and the team has a relaxed working pattern of being onsite 5 days per week.

The role entails producing exemplary documentation based on in-house templates, collaborating with internal and external stakeholders/counterparties (Business, Credit, Remedial, Monitoring, Operations, Treasury, panel solicitors and valuers) as needed to ensure each stage is timely managed for a range of lending products which is chiefly made up of real estate loans but also includes a small amount of SME working capital and trade finance facilities.

  • Pre-disbursement: Prepare in house term sheet, facility letter, addendum, etridge, borrower consent, lien on deposit authorisation in a timely manner following credit approval. Solicit fee quotes from valuers and solicitors on panel. Pro-actively follow up with business the return of signed term sheet, facility letter, addendum etc and the required commitment fee. Coordinate and instruct the appointment of solicitors and valuers as chosen by client. Review valuation report. Follow up with solicitors until the legal conveyancing is completed and required documentation are executed in order as per bank’s prevailing requirement. Ensuring all Condition Presidents are satisfied. Oversee queries raised by panel solicitors and valuers, resolving issues and/or referring them to the Head of Credit Administration or, where relevant, the Head of Credit Approval, Head of Credit in accordance with delegated authorities. Keep Business updated on the progress.
  • Disbursement: Review and assess Report on title and valuation report, identifying key risks, recommending possible mitigants. Carry out the disbursement processes and booking of loan limit and collateral in system. Liaison with solicitors, valuers, Business, Operations, Credit Approval, Monitoring and Remedial as appropriate.
  • Post completion: Follow up with bank solicitors for full set of dated and signed pdf copies of credit documents. Follow up with bank solicitors for perfection of bank’s executed charge documents and thereafter the return of full set of signed and dated original. Follow up on any condition subsequent. Maintain proper filing system.
  • Others: Timely maintenance of all data base used by the team. Update of data associated with business pipeline, limits and collateral (e.g. limit, review date, insurance, valuation, tenancy, solicitors and valuers etc). Deliver on service level agreements (SLAs) where applicable. Follow up on revaluation – Instructing Bank’s valuers to conduct valuation reviews on properties that are to be revalued and reviewing all reports and raising issues with relevant RM’s and Credit approval unit. Participate in any project involving credit administration and its improvement. Contribute to UAT and any other adhoc assignments.

Compensation: Base salary offer depending on merit of £65,000 - £72,500.00. Yearly discretionary bonus of 10% / 12%. Strong benefits package including private medical (with discounted gym access), 27 days’ holiday, life insurance, and up to 10% pension contribution. Plus added perks such as EV scheme, staff deposit rates, and post-probation access to season ticket loans and salary advances.

Credit Administration Manager in City of London employer: Market Talent Ltd

Join a prestigious banking brand in the heart of the City of London, where you will thrive in a supportive and relaxed work environment. With a strong focus on employee growth, this company offers competitive salaries, a robust benefits package including private medical insurance and generous holiday allowances, as well as unique perks like an electric vehicle scheme and season ticket loans. Embrace the opportunity to collaborate with diverse stakeholders while managing impactful lending products in a dynamic team setting.
Market Talent Ltd

Contact Detail:

Market Talent Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Credit Administration Manager in City of 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 real estate loans and mortgage administration. We recommend practising common interview questions and having examples ready that showcase your experience in managing documentation and stakeholder collaboration.

✨Tip Number 3

Don’t underestimate the power of follow-ups! After an interview, send a thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.

✨Tip Number 4

Apply through our website for a smoother process! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for talented individuals who can contribute to our team in credit administration.

We think you need these skills to ace Credit Administration Manager in City of London

Credit Administration
Mortgage Administration
Documentation Preparation
Stakeholder Collaboration
Risk Assessment
Disbursement Processes
Legal Conveyancing
Data Management
Service Level Agreements (SLAs)
Project Participation
Communication Skills
Problem-Solving Skills
Attention to Detail
Time Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Credit Administration Manager role. Highlight relevant experience in mortgage administration and any supervisory roles you've held. We want to see how your skills match what we're looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this position. Mention specific experiences that relate to the job description, especially around documentation and stakeholder collaboration.

Showcase Your Attention to Detail: In this role, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to ensure their documents are polished and professional.

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you receive updates directly from us. Plus, it’s super easy!

How to prepare for a job interview at Market Talent Ltd

✨Know Your Stuff

Make sure you’re well-versed in the specifics of credit administration and mortgage processes. Brush up on the types of lending products mentioned in the job description, like real estate loans and SME working capital. Being able to discuss these confidently will show that you’re serious about the role.

✨Showcase Your Collaboration Skills

Since the role involves working with various stakeholders, prepare examples of how you've successfully collaborated in the past. Think about times when you’ve liaised with solicitors, valuers, or internal teams to resolve issues or streamline processes. This will highlight your ability to work effectively in a team-oriented environment.

✨Be Ready for Scenario Questions

Expect questions that put you in hypothetical situations related to credit administration. For instance, how would you handle a delay in receiving signed documents from a client? Practising your responses to these scenarios can help you demonstrate your problem-solving skills and proactive approach.

✨Understand the Company Culture

Research the bank’s culture and values, especially since they have a relaxed working pattern. Be prepared to discuss how you align with their ethos and how you can contribute positively to the team dynamic. Showing that you fit into their culture can give you an edge over other candidates.

Credit Administration Manager in City of London
Market Talent Ltd
Location: City of London

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