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- Tasks: Manage commercial mortgage portfolios and perform loan servicing and accounting functions.
- Company: Join a leading financial services firm with a commitment to diversity.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make an impact in the finance sector while developing your skills in a dynamic role.
- Qualifications: Degree in finance or related field; experience in loan administration preferred.
- Other info: Opportunity for career growth and to work with a diverse team.
The predicted salary is between 36000 - 60000 £ per year.
The Senior Loan Administrator / Accountant's responsibilities include performing loan servicing and loan accounting functions on assigned commercial mortgage portfolios. The individual will be responsible for uploading loans onto SS&C's loan servicing software, processing loan payments, generating billing statements, processing escrow disbursement, generating payoff letters, and handling loan inquiries from both loan borrowers and mortgage lender clients. The Senior Loan Administrator / Accountant will also be responsible for calculating expected credit loss on loan portfolios based on published risk criteria.
Key Responsibilities
- Perform daily and monthly loan servicing processes, loan balance / GL reconciliation, and reporting functions.
- Upload newly originated / purchased loans onto SS&C loan servicing software and send welcome package to borrower.
- Generate various loan notices such as billing statements, maturity notices, late payment notices, payoff statements, etc.
- Monitor that loans are not in breach of any covenant agreements.
- Track and update collateral and compliance on loans including rent rolls and operating statements.
- Process loan cash transactions such as payment processing, loan payoff, escrow disbursement, investor sales, etc.
- Monitor cash accounts and reconcile loan payments received from borrowers.
- Produce month end servicing reports and any other ad hoc management reports as requested by client.
- Perform critical self-review of work product prior to submission to client and/or supervisor.
- Contribute to other ad hoc inquiries and assist on internal projects.
- Liaise with clients and internal contacts on a day to day basis.
Qualifications / Desired Attributes
- Minimum of a BS degree or equivalent.
- Relevant experience in commercial real estate loan administration or accounting is essential.
- Experience doing servicing or loan administration for complex commercial loans is preferable (e.g., construction loans).
- Self-starter and ability to work independently to meet daily, monthly, and project deliverables.
- Ability to identify processing issues and formulate resolutions.
- Experience with ESMA reporting is nice to have.
- Strong ability to communicate professionally with internal / external contacts.
- Strong analytical skills and ability to remain highly organized in a deadline-driven environment while maintaining strict attention to detail.
- Proficiency with Microsoft Office suite, with advanced working knowledge of Excel.
- Basic proficiency in Microsoft SQL preferred.
We encourage applications from people of all backgrounds and particularly welcome applications from under-represented groups, to enable us to bring a diversity of perspectives to our thinking and conversation. It's important to us that we strive to have a workforce that is diverse in the widest sense.
Senior Loan Accountant in London employer: SS&C Technologies
Contact Detail:
SS&C Technologies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Loan Accountant in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and real estate sectors. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions related to loan administration and accounting. We recommend role-playing with a friend to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your skills! Bring along examples of your work or case studies that highlight your experience with complex commercial loans. This will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Loan Accountant in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Senior Loan Accountant role. Highlight your relevant experience in loan servicing and accounting, and don’t forget to mention any specific software you’ve used, like SS&C.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're the perfect fit for this role. Share specific examples of your past work in commercial mortgage portfolios and how you’ve tackled challenges in loan administration.
Show Off Your Analytical Skills: Since this role requires strong analytical skills, make sure to include examples of how you've used these skills in previous positions. Whether it's reconciling accounts or generating reports, we want to see how you approach problem-solving.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the StudySmarter team!
How to prepare for a job interview at SS&C Technologies
✨Know Your Numbers
As a Senior Loan Accountant, you'll be dealing with a lot of figures. Brush up on your financial knowledge and be ready to discuss loan servicing processes, GL reconciliation, and cash transactions. Familiarise yourself with common metrics and calculations related to commercial loans, as this will show your expertise.
✨Master the Software
Get comfortable with SS&C's loan servicing software before your interview. If you can demonstrate familiarity with the platform or similar systems, it’ll give you an edge. Consider discussing any past experiences where you successfully uploaded loans or processed payments using software tools.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills. Think of examples from your previous roles where you identified processing issues and formulated resolutions. Be ready to explain how you handled complex loan administration tasks, especially in high-pressure situations.
✨Showcase Your Communication Skills
Since liaising with clients and internal contacts is key, prepare to demonstrate your communication abilities. Practice articulating your thoughts clearly and professionally. You might even want to role-play potential client interactions to feel more confident during the actual interview.