Niche Private Bank based in the West End is looking for a Credit Administrator. This role is working in a great team environment and is available due to expansion of the team.

Job duties

  • Corporate Loan drawdown:
  • Prepare the pre-disbursement checklist and make sure the Client has transferred sufficient funds to their account for fees and minimum balance
  • Prepare the Authorisation to release (AR) and check the Pre-disbursement checklist against the Condition Precedent stipulated in the Loan Agreement / Facility Agreement.
  • Verification of customers' signatures against the Authorised Signatures List.
  • Checking the Drawdown Requests from customers
  • Sending of confirmation on drawdown to customer if requested.
  • Prepare the COF and give the Treasury Front Office.
  • Setting up of new facility accounts.
  • This includes input of Loans, Limits, Collateral and Commitments in T24
  • Opening file for the customer
  • Preparation of standard correspondences.
  • To give a copy of the AR to Treasury Back Office for the payment to be input in Swift.
  • Input the fund transfer in T24 for booking fees and ensure all other fees have been paid

  • Overseas Mortgage Drawdown:
  • Prepare the pre-disbursement checklist and make sure the Client has transferred sufficient funds to their account for fees and minimum balance
  • Prepare the Authorisation to release (AR) and check the Pre-disbursement checklist against the Condition Precedent stipulated in the Loan Agreement / Facility Agreement.
  • Verification of customers' signatures against the Authorised Signatures List.
  • Checking the Drawdown Requests from customers
  • Sending of confirmation on drawdown to customer if requested.
  • Prepare the COF and give the Treasury Front Office.
  • Setting up of new facility accounts.
  • This includes input of Loans, Limits and Collateral in T24
  • Opening file for the customer
  • Preparation of standard correspondences.
  • To give a copy of the AR to Treasury Back Office for the payment to be input in Swift.
  • Input the fund transfer in T24 for booking fees and ensure all other fees have been paid

  • Loan rollover & Re-pricings Corporate and Overseas Mortgage:
  • Notify the Treasury Front Office of any drawdown, rollovers and repayments
  • Checking the payment instruction from customer.
  • To obtain COF/Libor rate from the dealers for loan re-pricing and rollovers.
  • Re-price all overseas mortgages and personal loans
  • Input new Loan Drawdown, Loan Rollover, Re-pricing and make necessary amendments in T24 as per customer's instructions.
  • To send loan advice for all rollovers and repricing to customers.
  • Follow up on account balances to ensure there are no late payments.
  • To review the overseas mortgages annually from their date of drawdown and charge the annual review fee.

  • Monitoring:
  • To input in T24 for service charges, upfront fees, commitment fees and penalty charges received
  • To check the Reconciliation Statements for outstanding items and pass the necessary entries in T24.
  • Updating and maintaining of customer information in T24.