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Loan Settlement Administrator

Our Client, a Global banking group, is searching for a Loan Settlement Administrator for their Banking Department in London

Principal Purpose of the Job:

Loan settlement team continue to improve the efficiency and effectiveness of the service quality, to meet clients’ and the bank’s standards through optimisation of the loan procedure.

Main Responsibilities & Accountabilities:

Loan Settlement:

Check details of Loan notices and e-permit;

Open any new clients and facilities in FOVA;

Input deal into FOVA;

Make drawdown payments due in GCMS following instructions from Credit Administration Department;

Pass any Journal Entries and Accruals fee in FOVA;

Update Loans Register schedule spreadsheet;

Update interest rates, new maturity date in FOVA when roll over;

Make sure interest and/or principal are received from agents or the borrower and are consistent with loan transaction record;

Make sure any fees due are paid or received;

File Loan settlement records in folders;

Liaise with Head Office and co-ordinate with internal dept. on analysis of loan system upgrade and processes.

Prepare business report to Head Office;

Testing internal system.

Others:

Process payment instruction in SCMS and FOVA using knowledge of SWIFT formats;

Create any new Clients and open relevant accounts in the system;

Other tasks as and when directed by the Manager and Team Head;

Maintenance of records filing in a timely manner;

Keep all AML check evidence for AML check for audit trail purpose. Must report /escalate to MLRO for potential positive hit or suspicious transaction in accordance with the Bank’s AML policy;

Cover treasury settlement, clearing & payment, trade services, correspondence and reconciliation as and when is required;

Process the correspondence in SCMS or in FOVA;

Update Consolidated Business Report monthly;

Archiving of old deals;

Conduct daily basic CASS review operation in accordance with established “policies;”

Skills Required:

Good Microsoft Office skills;

Good organisational ability and attention to detail;

Good interpersonal skills with the ability to communicate with people of different departments;

The ability to prioritise tasks and delegate when necessary;

Accurate reporting skills;

Good team player;