HEAD OF LOAN ADMINISTRATION – INTERNATIONAL BANKING
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| Job Type | Permanent |
| Area | All of London, UK |
| Sector | BankingOperationsCredit |
| Salary | £Competitive + benefits + bonus |
| Currency | GBP |
| Start Date | |
| Job Ref | VAC-12439 |
| Job Views | 476 |
- Description
- A fantastic opportunity has arisen within a well-established international banking group in Central London for a Head of Loan Administration. The primary purpose of this role is to lead the team responsible for the administration of the bank’s loan portfolio. Day to day responsibilities include oversight of daily loan processing, staff development, relationship management with all stakeholders and influence / execute strategic plans for the Loan Administration team.
Your duties to include -
- Accountable for daily loan processing, developing the team’s operating model and working with support partners in order to affect change in the department
- To work closely with Risk, Business Development Department and Loan Operation Department
- To work closely with IT Department for the systems upgrade and ongoing enhancement
- To liaise with borrowers, participation banks, agents, law firms, valuers and internal clients
- To keep track of customers’ compliance with credit terms.
- Ensure that all Operational Procedures are being adhered to within the Division.
- Verify and validate proper credit approval in accordance with guidelines
- Responsible for ongoing administration of a loan cycle until loan paid off and relevant collaterals discharged.
- Carefully manage the process for the collection and analysis of the financial information of relevant loan covenants.
- Ensure loan drawdowns are in accordance with the drawdown conditions.
- Authorize the release of loan proceeds.
- Authorize and instruct movement of funds from escrow / controlled accounts
- Monitor covenants and collateral position.
- Review and authorize release of collaterals.
- Instruct valuation of collaterals.
This is a fantastic opportunity at one the fastest growing banks in London!