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- Tasks: Support loan operations by resolving payment backlogs and improving processes.
- Company: Join a leading financial services firm focused on innovation and efficiency.
- Benefits: Enjoy flexible working options and a dynamic team environment.
- Why this job: Be part of a transformative team driving automation in loan operations.
- Qualifications: Experience in loan operations, strong communication skills, and SQL knowledge required.
- Other info: Collaborate with global teams and engage in impactful projects.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Support the reduction of the existing backlog of manual payments in Loan Operations. Including identifying optimisations and applying remediations to improve the process. Reporting, Margins applied to Loans, treatment of unapplied cash.
Key Responsibilities
- Identify and resolve unapplied cash
- Understand root causes of mismatches and mitigation measures (including margin implications)
- Create and update loan reports
- Read, understand, and draft Loan Agreements
- Understand General Ledger (G/L) impact and perform review and remediation
- Liaise directly with Operations teams globally (US and India), including regular engagement with the Global Head of Operations
This team will supplement the existing BAU Loan Ops function and work in parallel to future IT-led automation initiatives (e.g., payments process enhancements).
Focus Areas
- Review, investigate and provide solutions for existing data quality items, resolving unapplied cash; provide mitigation plan(s) where applicable.
- Interact with various stakeholders to collaborate, define, document, and effectively communicate various data quality findings with respect to: Data Quality Improvement, Monitoring, Root Cause Analysis
- Provide Data Profiling (Data analysis to understand content and quality) and Data Cleansing/Validation (Identification and correction process for data errors, inconsistencies, and data inaccuracies).
- Execute validation of corrections once processing complete
Key Skills & Experience Required
- Loan IQ Functional and Accounting experience and domain or loan operations background
- Excellent verbal and written communication skills
- Detail oriented with strong organizational and analytical skills
- Superb prioritization and time management skills
- Strong understanding of Corporate Lending and Loan Servicing
- Ability to write SQL Queries
Seniority level
- Associate
Employment type
- Full-time
Job function
- Other
Industries
- Financial Services and Banking
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Loan Officer employer: Vantage Point Global
Contact Detail:
Vantage Point Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Officer
✨Tip Number 1
Familiarise yourself with Loan IQ and its functionalities. Understanding how this software operates will give you a significant edge during interviews, as you'll be able to discuss your experience and insights confidently.
✨Tip Number 2
Brush up on your SQL skills. Being able to write and understand SQL queries is crucial for the role, so consider doing some practice exercises or online courses to enhance your proficiency.
✨Tip Number 3
Network with professionals in the financial services and banking sector. Engaging with current Loan Officers or those in similar roles can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss data quality improvement strategies. Be ready to share examples of how you've identified and resolved data issues in the past, as this will demonstrate your analytical skills and attention to detail.
We think you need these skills to ace Loan Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan operations and financial services. Emphasise any specific skills related to Loan IQ, data quality improvement, and SQL queries.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Loan Officer position. Discuss how your background aligns with the responsibilities outlined in the job description, particularly your experience with data analysis and stakeholder engagement.
Showcase Communication Skills: Since excellent verbal and written communication skills are essential, consider including examples of how you've effectively communicated complex information in previous roles. This could be in the form of reports or presentations.
Highlight Problem-Solving Abilities: Demonstrate your analytical skills by providing examples of how you've identified and resolved issues in past positions. Relate this to the role's focus on resolving unapplied cash and improving data quality.
How to prepare for a job interview at Vantage Point Global
✨Know Your Loan Operations
Make sure you have a solid understanding of loan operations, especially the processes related to manual payments and unapplied cash. Brush up on your knowledge of Loan IQ and corporate lending to demonstrate your expertise during the interview.
✨Prepare for Data Quality Discussions
Since the role involves data quality improvement and root cause analysis, be ready to discuss your experience with data profiling and cleansing. Think of specific examples where you've successfully identified and resolved data issues in previous roles.
✨Showcase Your Communication Skills
Excellent verbal and written communication skills are crucial for this position. Prepare to articulate your thoughts clearly and concisely, especially when discussing complex topics like loan agreements and G/L impacts. Practise explaining technical concepts in simple terms.
✨Demonstrate Analytical Thinking
Highlight your analytical skills by preparing to discuss how you've approached problem-solving in past roles. Be ready to explain your thought process when identifying mismatches or optimising processes, as this will show your ability to think critically and strategically.
