At a Glance
- Tasks: Support loan administration and ensure smooth operations for corporate banking.
- Company: Join a dynamic financial services team with a focus on innovation.
- Benefits: Enjoy complimentary lunch, retail discounts, and a cycle to work scheme.
- Other info: Fast-paced environment with opportunities for growth and development.
- Why this job: Kickstart your career in finance while gaining valuable operational experience.
- Qualifications: Degree in Business, Finance, or related field; admin experience is a plus.
The predicted salary is between 25000 - 32000 £ per year.
Job Overview
Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products while operating as a 1LoD processing function. As a Junior Assistant – Loan Administration, you will be responsible for administering the delivery of all functions in respect of syndicated and bilateral loans, providing good operational support and services to Corporate Banking, Financial Institutions and Risk Management departments as well as other relevant stakeholders. This is a full time permanent position.
Responsibilities
- Analyse available undrawn commitment balance to ensure utilisation is in line with facility agreement terms
- Prepare business requests and perform system upgrade testing
- Calculate, process and reconcile commitment/utilisation fees and charges
- Actively follow up with agents/customers on missing payments
- Liaise with Financial Markets department regarding funding requirements and communicate fund movements promptly to the Clearing and Payments department
- Liaise with agents and advise relationship managers on any system issues affecting their respective facilities
- Process and accurately book all core loan transactions, including drawdowns, rollovers, repayments and rate fixings for agency, syndication, and bilateral facilities
- Process fund receipts and payments using GUPP, SWIFTMS and WBIFN systems
- Reconcile and process commitment/utilisation fees and charges as well as follow up on missing payments from agents/customers
- Reconcile journal entries for transactions balancing via relevant systems
- Review and analyse legal and loan documents and approvals for new and existing agency, syndication and bilateral facilities
- Provide administrative support when required
Qualifications
- Degree educated in Business, Finance, Accounting, Mathematics or other relevant subject
- Experience in an operations, administrative, or back office support role
- Knowledge of syndicated loans and bilateral products is a plus
- Excellent communication skills
- Proficient in MS Office (Microsoft Word, Excel, PowerPoint)
- Attention to detail
- Commercial awareness
- Highly organised and able to work in a fast paced environment
- Team player with ability to work independently
Benefits
- Complimentary Lunch
- Cycle to work scheme
- Retail Discounts
Junior Assistant - Loan Administration in City of Westminster employer: Placeholder Commercial Real Estate Platform
Join a dynamic and innovative commercial real estate platform in London, where we prioritise exceptional service delivery and team performance. As a Payroll Team Lead, you will benefit from a generous holiday allowance and private healthcare, while working in a supportive culture that values mentorship and employee growth. This is an excellent opportunity to make a meaningful impact in a collaborative environment that champions both client satisfaction and team development.
Contact Details:
Placeholder Commercial Real Estate Platform Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Junior Assistant - Loan Administration in City of Westminster
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Placeholder Commercial Real Estate Platform. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Junior Assistant - Loan Administration in City of Westminster
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Placeholder Commercial Real Estate Platform.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Placeholder Commercial Real Estate Platform's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Placeholder Commercial Real Estate Platform
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Placeholder Commercial Real Estate Platform.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Placeholder Commercial Real Estate Platform will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Placeholder Commercial Real Estate Platform employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
