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- Tasks: Manage loan lifecycle events and ensure accurate trade settlements.
- Company: Join a leading alternative asset management firm in London.
- Benefits: Enjoy a hybrid work model with competitive market rates.
- Why this job: Gain valuable experience in loans administration while working in a dynamic environment.
- Qualifications: Must have proven loans servicing experience and UK working rights.
- Other info: This is a 12-month Fixed Term Contract role.
The predicted salary is between 36000 - 60000 £ per year.
My client is a leading alternative asset management firm who are looking to hire two individuals on a 12 month Fixed Term Contract basis. Prior loans (servicing/administration) experience is critical due to the nature of the hire and need to be able to hit the floor running. Due to being an FTC, my client can only consider someone with the relevant and proven loans processing/loan servicing experience with full UK working rights.
Responsibilities
- You will be responsible for capturing and processing critical lifecycle events, including rollovers, paydowns, drawdowns, and interest payments, ensuring accuracy and timely execution.
- You will also manage loan trade settlements, ensuring that all activities are completed within established timelines.
- A key part of your responsibilities will involve investigating and resolving discrepancies between agent notices and internal records, as well as proactively addressing reconciliation breaks related to custody and agent cash postings.
Requirements
- To be considered, you must have proven experience in loan servicing, with a strong understanding of trade processing and lifecycle events.
- Additional understanding of the CLO lifecycle would be highly beneficial, though not essential.
Loans Adminstration / CLO Specialist - x2 Fixed Term Contractors | London, UK | Hybrid employer: Non-disclosed
Contact Detail:
Non-disclosed Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loans Adminstration / CLO Specialist - x2 Fixed Term Contractors | London, UK | Hybrid
✨Tip Number 1
Make sure to network with professionals in the loans administration field. Attend industry events or join relevant online forums where you can connect with others who work in similar roles. This can help you gain insights and potentially get referrals.
✨Tip Number 2
Brush up on your knowledge of loan servicing processes and lifecycle events. Familiarise yourself with terms like rollovers, paydowns, and drawdowns, as well as the CLO lifecycle. This will not only boost your confidence but also show your potential employer that you're serious about the role.
✨Tip Number 3
Consider reaching out to current or former employees of the company to learn more about their experiences. This can provide you with valuable insights into the company culture and expectations, which you can leverage during interviews.
✨Tip Number 4
Prepare for potential interview questions by practising how you would handle discrepancies and reconciliation breaks. Think of specific examples from your past experience that demonstrate your problem-solving skills and attention to detail, as these are crucial for the role.
We think you need these skills to ace Loans Adminstration / CLO Specialist - x2 Fixed Term Contractors | London, UK | Hybrid
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasise your previous loans servicing or administration experience in your CV and cover letter. Use specific examples that demonstrate your ability to handle critical lifecycle events like rollovers, paydowns, and interest payments.
Tailor Your Application: Customise your application to reflect the job description. Mention your understanding of trade processing and any relevant knowledge of the CLO lifecycle, even if it's not essential, to show your enthusiasm for the role.
Showcase Problem-Solving Skills: In your cover letter, provide examples of how you've successfully resolved discrepancies or reconciliation breaks in past roles. This will demonstrate your proactive approach and attention to detail, which are crucial for this position.
Proofread Your Documents: Before submitting your application, carefully proofread your CV and cover letter for any errors. A well-presented application reflects professionalism and attention to detail, which is vital in the finance sector.
How to prepare for a job interview at Non-disclosed
✨Showcase Your Loans Experience
Make sure to highlight your previous loans administration or servicing experience during the interview. Be prepared to discuss specific examples of how you've successfully managed lifecycle events like rollovers and paydowns.
✨Understand the CLO Lifecycle
Even though a deep understanding of the CLO lifecycle isn't essential, having some knowledge can set you apart. Brush up on key concepts and be ready to discuss how they relate to your past experiences.
✨Demonstrate Attention to Detail
Given the nature of the role, attention to detail is crucial. Prepare to explain how you've ensured accuracy in your previous roles, especially when it comes to processing critical events and managing discrepancies.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's processes and expectations for the role. This shows your genuine interest and helps you understand how you can contribute effectively from day one.
