At a Glance
- Tasks: Produce documentation and collaborate with stakeholders for timely management of lending products.
- Company: Prestigious banking brand with nearly 50 years in the UK.
- Benefits: Yearly bonus, private medical, 27 days holiday, and strong pension contributions.
- Other info: Dynamic role with opportunities for project involvement and career growth.
- Why this job: Join a relaxed team in the City of London and make an impact in banking.
- Qualifications: Experience in credit or mortgage administration is essential.
The predicted salary is between 35000 - 40000 £ 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 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.
- Prepare in house term sheet, facility letter, addendum, etridge, borrower consent, lien on deposit authorisation in a timely manner following credit approval.
- Pro-actively follow up with business the return of signed term sheet, facility letter, addendum etc and the required commitment fee.
- Follow up with solicitors until the legal conveyancing is completed and required documentation are executed in order as per bank’s prevailing requirement.
- 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.
- Review and assess Report on title and valuation report, identifying key risks, recommending possible mitigants.
- Liaison with solicitors, valuers, Business, Operations, Credit Approval, Monitoring and Remedial as appropriate.
- 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.
- 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).
- 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:
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 Officer (Contract) 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 relaxed yet professional work environment. With a strong focus on employee well-being, the bank offers an impressive benefits package including private medical insurance, generous holiday allowance, and a discretionary bonus scheme, all while fostering a culture of collaboration and growth. This role not only provides the opportunity to work with a diverse range of stakeholders but also encourages participation in projects aimed at enhancing credit administration processes, making it an ideal place for those seeking meaningful and rewarding employment.
