Banner Default Image

Loans Operations Officer

Back to job search

Loans Operations Officer

  • Location:

    London

  • Sector:

    LMA UK Operations

  • Job type:

    Permanent

  • Salary:

    £40000 - £50000 per annum

  • Contact:

    Daniel Baker

  • Contact email:

    Daniel.Baker@lmarecruitment.com

  • Job ref:

    DB44f_1632749501

  • Published:

    27 days ago

  • Expiry date:

    2021-10-27

  • Client:

    LMA

I am working with a forward thinking and innovative bank in the recruitment of a loans operations officer.

The Loans Specialist will focus on the full range of loan products to be offered by the bank, including term loans, revolving lines of credit, bridging loans, receivables financing, overdrafts and syndicated loans.

Responsibilities of the role include:

  • Recording new loan account details by accurately and promptly referring to; Documented credit decisions, including security requirements and other terms and conditions; Loan application form details and client instructions and details
  • 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. This includes; 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 bank's Risk Management policies.

To be successful in the role you must have previous experience with loan products including general operations principles and mechanics of loan accounts, pricing and fee types and calculation methods. In return they are offering a salary up to £50,000 plus benefits and bonus.