At a Glance
- Tasks: Support loan administration and provide operational services to various banking departments.
- Company: Join the Bank of China, a leading international bank with over 90 years in the UK.
- Benefits: Enjoy flexible benefits, complimentary lunch, and retail discounts.
- Other info: Dynamic, inclusive environment with a focus on personal and professional development.
- Why this job: Kickstart your career in finance with hands-on experience and growth opportunities.
- Qualifications: Degree in Business, Finance, or related field; admin experience preferred.
The predicted salary is between 30000 - 40000 £ per year.
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.
Key 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
Requirements
- 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
Working here
Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally.
Learning and Development
We strive to offer you a continuous learning environment and we will invest in your development. We provide personalised and varied learning tools to support your growth and career through:
- Access to the best in class qualifications from leading professional bodies such as the Professional Bankers Certificate and Green & Sustainable Finance Certificate from the Chartered Banker Institute
- 24/7 on-demand access to over 600 e-tutorials to build and refresh core and advanced banking knowledge
- Regular pan-bank stay connected sessions to keep in touch with what is going on across the bank and build your network
- Exploring your unique and collective strengths and development areas to become the best version of yourself using the globally renowned Insights personality profile
- Developing our People Managers to help coach and guide you towards success, through our 9-month People Manager Development Programme
- Encouraging a “growth” personal mindset and promoting continuous professional development (CPD) through annual events such as Learning at Work Week
- Embracing change in a fast-moving industry and encouraging a forward-looking perspective on career development to “future-proof” your career
- Promoting cross cultural intelligence and to seek out diverse and inclusive perspectives on challenges faced and their solutions
Benefits
We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including:
- Complimentary Lunch
- Cycle to work scheme
- Retail Discounts
Junior Assistant - Loan Administration in London 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 London
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We think you need these skills to ace Junior Assistant - Loan Administration in London
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