Credit Administration Manager
Credit Administration Manager

Credit Administration Manager

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, strong benefits, 27 days holiday, and a discretionary bonus.
  • Other info: Relaxed working environment with excellent career growth opportunities.
  • 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 employer: Market Talent Ltd

Join a prestigious banking brand in the heart of the City of London, where a relaxed working culture meets exceptional career growth opportunities. As a Credit Administration Manager, you'll benefit from a competitive salary, generous holiday allowance, and a robust benefits package that includes private medical insurance and a strong pension contribution. This is an excellent opportunity to thrive in a supportive environment while contributing to a leading institution with nearly 50 years of success in the UK banking sector.
Market Talent Ltd

Contact Detail:

Market Talent Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Credit Administration Manager

✨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 mortgage administration and real estate lending. 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 the best chance at landing that Credit Administration Manager role. We make it easy for you to showcase your skills and experience directly to the hiring team!

We think you need these skills to ace Credit Administration Manager

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

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Credit Administration Manager role. Highlight your experience with documentation, stakeholder collaboration, and any relevant banking or mortgage administration skills. We want to see how you fit into our team!

Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your past experiences that relate to the job description, especially around managing lending products and working with solicitors and valuers.

Showcase Your Attention to Detail: In this role, attention to detail is key! Use your application to demonstrate how you've successfully managed complex documentation and processes in the past. We love candidates who can keep everything organised and on track.

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 don’t miss out on any important updates. 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 key lending products mentioned in the job description, like residential mortgages and commercial real estate loans. Being able to discuss these confidently will show that you’re serious about the role.

✨Showcase Your Collaboration Skills

This role involves working with various stakeholders, so be ready to share 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. Highlighting your teamwork will resonate well with the interviewers.

✨Prepare for Scenario Questions

Expect questions that ask how you would handle specific situations, such as managing tight deadlines or resolving conflicts with external parties. Practise articulating your thought process and decision-making skills in these scenarios, as it will demonstrate your problem-solving abilities.

✨Ask Insightful Questions

At the end of the interview, have a few thoughtful questions ready about the team dynamics, the bank’s approach to credit administration, or upcoming projects. This shows your genuine interest in the role and helps you gauge if the company culture aligns with your values.

Credit Administration Manager
Market Talent Ltd

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