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Head of Loan Administration
2 months ago
Kennedy Pearce are partnering with a leading International London based Bank who offer Hybrid working and excellent benefits in recruiting a Head of Loan Administration
Find out if this opportunity is a good fit by reading all of the information that follows below.
As the Head of Loan Administration you must have previous proven leadership and management experience of a Loan Administration Department
The Loan Administration Team are responsible for the day-to-day processing of committed and uncommitted loan facilities
KEY RESPONSIBILITIES
- Assist the Loan Administration Manager(s) and Assistant Manager(s) with the preparation and control of the department’s monthly reporting function and to provide guidance & training to all Loans Admin staff on reporting issues.
- Assist with the calculation of settlement figures and liaison with counterparties in respect of secondary loan trades and provide signature for executed Pricing Letters.
- Assume overall responsibility for the Loans Administration Department to maintain accurate repayment schedules.
- Co-ordinate and facilitate the planning of training within the department and to develop the individual roles of all Loan Administration staff through implementation of a thorough cross-training and development programme.
- Demonstrate a solid understanding of documentation issues and to conduct thorough reviews, raising any administrative matters with the relevant Global Banking Unit Department.
- Ensure that loan facilities and the booking of transactions are accurately and comprehensively booked in the firm’s records.
- Liaise with Loan Administration departments of other banks regarding instructions relating to syndicated loan transactions
QUALIFICATIONS AND EXPERIENCE
- Previous proven leadership and management experience of a Loan Administration Department, preferably from within the banking Industry
- Ability to drive change and improve daily processes in the department, displaying attention to detail and a willingness to take responsibility and ownership in order to resolve problems
