Our client, a highly regarded bank within the syndicated loans market who utilise LoanIQ are seeking someone with 6 months to 3 years Loans Administration experience to join their London based Loans Administration team on a permanent basis.
The Main Responsibilities of the Loans Administrator are;
- To action the daily loan processing requirements across the EMEA region;
- To undertake MI reporting such as Past Due items, Risk-Fee accruals, Nostro breaks, etc.
- To ensure syndicated loan transactions are processed in a timely manner in accordance regulatory obligations and local procedures. This also include fee processing, nostro reconciliations and associated loans reporting;
- To provide support deliver key services to our front office clients
- Daily liaison with colleagues in the Marketing areas and Treasury Dept. to support completion of Loan transactions;
- Frequent liaison with colleagues in Execution Control to ensure timely setup and settlement of loan obligations;
- Daily liaison with external stakeholders namely financial institutions
- Regular daily interaction with Treasury Dept. and Agent Banks to ensure all funding/payment deadlines are met and all key controls are all completed in a timely manner;
- Input/process, all appropriate loan transactions into LoanIQ;
- Assist with completion of daily key-controls to be met during the day by closely monitoring queues, intra-day reports, etc. and additionally assist in actioning of Aide Memoires in a timely manner;
- Seek ways to improve processes and increase STP without increasing risk including revision of Section Procedures and suggest improvements where appropriate;
- Undertake required system testing
Skills & Experience required of the Loans Administrator:
- Solid understanding of Loans Administration roles and responsibilities
- Conscientious nature to ensure that all work transacted is to the highest quality with zero errors or omissions, whilst still meeting all required deadlines;
- Confident in oral and written communication with both internal and external stakeholders;
- Solid understanding of SWIFT payments and the wider implications of payment formatting;
- Able to adapt to continually changing daily requirements of the daily processing;
- Being determined to continually challenge the status quo of existing processing methods whilst recognising the need to ensure control is maintained and customer experienced enhanced;
- Provide assistance to peer group of the team as and when required
