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.
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