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- Tasks: Manage the bank loan life cycle and resolve client queries.
- Company: Join a leading financial institution focused on innovative loan solutions.
- Benefits: Enjoy flexible work options and opportunities for professional growth.
- Why this job: Be part of a dynamic team that values collaboration and problem-solving.
- Qualifications: Bachelor’s degree with 2 years in bank debt operations required.
- Other info: Ideal for those passionate about finance and eager to learn.
The predicted salary is between 36000 - 60000 £ per year.
and the job listing Expires on August 31, 2025
Full-Time Job, Internship Accounting, Data Analytics, Economics & Finance
- Understand of all aspects of loan or deal administration functions (including all aspects of funding).
- Be responsible for the bank loan life cycle events including paydown, drawdown, interest rate resets, payment-in-kind interest calculations, delayed compensation accruals / calculations and trade settlements
- Develop a thorough knowledge of our client base and building relationships with Investment Managers and other related third parties. Work closely with your clients to resolve queries and providing first level account service
- Create, maintain and update procedures for client specific deliverables
- Review of daily controls and communication of any new training or procedural changes to the team; ensure that all controls and procedures outlined in the procedures manual and general company policies are complied with across all groups
- Ensure all scheduled work is completed by agreed deadlines, checklists are signed and files contain all required documentation; work cooperatively and effectively with others to set goals, resolve problems, and make decisions that enhance organizational effectiveness
- Assist in testing and implementation of system enhancements as required
Required qualifications, capabilities, and skills:
- Bachelor’s degree, with minimum 2 years relevant work experience in bank debt / leveraged loan operations
- Excellent communication and relationship/partnership-building skills both with team members as well as other business partners
- Strong attention to detail with a control mindset, time management, planning skills and the ability to handle multiple competing priorities
- Demonstrates flexibility and willingness to accept new assignments and challenges in a rapidly changing environment
- Strong decision-making skills, ability to identify problems and propose solutions. Exhibit initiative to raise issues to appropriate/relevant parties when needed.
Preferred qualifications, capabilities, and skills:
- Knowledge of LSTA/LMA standard documents, such as Trade Confirmations
- Knowledge of financial data providers such as Bloomberg, ClearPar, and IHS Markit; investment vehicles related to bank debt (CLOs, private equity funds, etc.)
- Strong understand of accounting principles, specifically how bank debt transactions impact financial statements
- Bachelor’s degree, preferably Finance, Accounting, or Economics
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Loan Administration Specialist employer: Nichols College
Contact Detail:
Nichols College Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Administration Specialist
✨Tip Number 1
Familiarise yourself with the loan administration process, especially the bank loan life cycle events. Understanding terms like paydown, drawdown, and interest rate resets will give you an edge in discussions during interviews.
✨Tip Number 2
Build your knowledge of LSTA/LMA standard documents and financial data providers like Bloomberg and ClearPar. This will not only enhance your understanding but also demonstrate your commitment to the role when speaking with us.
✨Tip Number 3
Network with professionals in the finance and banking sectors. Engaging with Investment Managers and other related third parties can provide insights into the industry and potentially lead to referrals for the position.
✨Tip Number 4
Showcase your problem-solving skills by preparing examples of how you've identified issues and proposed solutions in previous roles. This will highlight your initiative and decision-making abilities, which are crucial for the Loan Administration Specialist role.
We think you need these skills to ace Loan Administration Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in bank debt or leveraged loan operations. Emphasise your skills in communication, attention to detail, and any specific knowledge of LSTA/LMA documents.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in the Loan Administration Specialist position. Mention your understanding of the loan life cycle events and how your previous experience aligns with the responsibilities outlined in the job description.
Showcase Relevant Skills: When detailing your work experience, focus on your ability to manage multiple priorities and your decision-making skills. Provide examples of how you've successfully resolved queries or improved processes in past roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Nichols College
✨Know Your Loan Lifecycle
Make sure you understand the entire bank loan lifecycle, including paydowns, drawdowns, and interest rate resets. Being able to discuss these processes confidently will show your expertise and readiness for the role.
✨Build Rapport with Clients
Demonstrate your ability to build relationships by preparing examples of how you've successfully resolved client queries in the past. This will highlight your communication skills and customer service orientation.
✨Showcase Attention to Detail
Prepare to discuss specific instances where your attention to detail made a difference in your work. This could involve ensuring compliance with procedures or catching errors before they became issues.
✨Be Ready for Problem-Solving Questions
Expect questions that assess your decision-making skills. Think of examples where you identified problems and proposed effective solutions, especially in a fast-paced environment.
