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Loans Specialist

  • Location: London
  • Sector: Operations
  • Salary: £45000 - £55000 per annum
  • Job type: Permanent
  • Date posted: 18/07/2017
  • Job reference: 27149
This vacancy has now expired.

A new opportunity has become available at an International Bank for a Loans Specialist to focus on the full range of loan products offered by the bank - term loans, revolving lines of credit, bridging loans, receivables financing, overdrafts and syndicated loans.

Duties to include:

  • Recording new loan account details on all relevant bank systems
  • Documented credit decisions, including security requirements and other terms and conditions
  • Loan application form details and client instructions and details
  • Pre-defined process and procedural instructions
  • Documented product definitions
  • Maintain client loan accounts and ensure that ongoing client account instructions are implemented efficiently and accurately, and critically in the best interests of the client and the bank
  • Facilitating loan draw downs, repayments and settlements
  • Applying account fees and charges in a timely and accurate manner
  • Calculating interest when amendments are needed to system records
  • Complying with other terms and conditions of the bank's deposit products
  • Contribute to the ongoing monitoring of loan account performance, in support of the risk management policies.
  • Liaising with colleagues to ensure that Deposit Operations is fully joined up in the end to end client experience
  • Becoming a subject matter expert for the rest of the branch on the UK loans products
  • Responding positively and supportively to enquiries and requests from other teams
  • Act as a verification resource, by checking the accuracy other Banking Operations activities and organising and ensuring the appropriate remediation

The candidate will have:

  • Previous experience in a banking operations environment, with specific expertise in respect of loan products
  • General operating principles and mechanics of loan accounts
  • Loan product range within the banking industry
  • Pricing and fee types and calculation methods
  • Knowledge of regulations and industry standards
  • Some knowledge of deposit products would be an advantage, in order to the support the team where necessary
  • Exposure to and interaction with change programmes impacting a loan operations environment
  • Involvement in and execution of process improvement activity
  • Process documentation creation and maintenance

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