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Loan Administration - Bilateral & Syndicated

MW recruitment
Posted 20 days ago, valid for 4 days
Location

London, Greater London EC1R 0WX

Salary

£30,000 - £36,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • An overseas banking institution is looking to recruit for a position in Loans Administration, focusing on the management of syndicated and bilateral loans.
  • The role requires experience in financial services, specifically in loan or credit administration, along with a relevant professional qualification.
  • Key responsibilities include analyzing undrawn commitment balances, archiving customer folders, and processing various loan-related transactions.
  • The position offers a salary of $60,000 per year and requires at least three years of experience in a similar role.
  • Candidates should have knowledge of syndicated loan and bilateral products, as well as strong communication skills for liaising with various departments.

An overseas banking institution wish to recruit within Loans 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

Main Duties

  • Analyse available undrawn commitment balance to ensure utilisation is in line with facility agreement terms
  • Archive all fully repaid syndicated customer folders and dispose of repaid folders in line with the Bank’s retention policy
  • Assist supervisor to prepare business requests and perform system upgrade testing
  • Calculate, process and reconcile commitment, utilisation fee and charges and liaise with agents/customers of missing payments
  • Communicate with the Global Financial Markets department on funds requirements and advise the Clearing & Payments department of funds movements in timely manner
  • Liase with agents and advise the Bank’s relationship managers on any system issues affecting their respective facilities
  • Process drawdown, rollovers, repayments and rate fixing for agency, bilateral and syndication loan business
  • Process fund receipts and payments using GUPP, SWIFTMS and WBIFN systems
  • Reconcile and process commitment/utilisation fees and charges as well as chase missing payments from agents/customers

Experience Required

  • Experience within the Financial Services specifically within loan/credit administration
  • Relevant professional qualification
  • Knowledge of syndicated loan and bilateral products

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.