Credit Administration Officer

TN United Kingdom; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a Credit Administration Officer to join their dynamic Risk Management team. This role involves managing post-credit approval activities, ensuring compliance with credit conditions, and maintaining essential management tools. You will have the opportunity to work closely with stakeholders, providing vital insights and reports while enhancing your skills in a supportive environment. If you are proactive, organized, and eager to contribute to a collaborative team, this position offers a fantastic opportunity for professional growth and development.

Qualifications

• Basic knowledge of banking products and services.
• Understanding of loan covenants and credit risk policies.

Responsibilities

• Reviewing credit approvals and ensuring compliance with procedures.
• Managing credit conditions and maintaining the SharePoint site.
• Producing management information reports and excess reports.

Skills

Banking Industry Knowledge

Loan Covenants Understanding

Credit Approval Processes

Time Management

Excel Proficiency

Organizational Skills

Teamwork

Independent Work

Education

Graduate

Tools

SharePoint

Job description

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Job Title: Credit Administration Officer

Location: London

Department: Risk Management – Credit Risk

Employment Type: Permanent

Work Pattern: Full-Time

Overview:

To work as part of a team that effectively manages all post credit approval activity in the second line of defence.

What You Will Be Doing:

CMS, Reviewing CAFs and Limit Activation

• Responsibility for reviewing all credit approvals in line with procedure
• Identifying and highlighting to relevant stakeholders any errors in CAFs
• Ensuring CAFs are circulated for review by senior members of staff
• Ensuring that any security/collateral is recorded as in CMS as per the credit approval
• Highlighting any credit conditions and ensuring they are satisfied as required before activating limits in CMS
• Processing limits for activation in CMS and ensuring they are activated in line with CAD’s procedures
• Extracting the Approved Application Report and carrying out a weekly sample test as required
• Raising CAFs as and when required
• Updating static data in CMS as and when required
• Raising requests for creation of CSNs in CMS and following up on their approval

Credit Conditions

• Keeping a record of all credit conditions and ensuring they are discussed with the manager of CAD
• Proactively following up on the progress of condition satisfaction
• Ensuring a weekly report on the status of credit conditions is shared with the department
• Saving evidence of satisfaction of credit conditions
• Checking the SharePoint Covenant Monitoring Site in order to follow up on the status of conditions
• Responsible for adding details of new monitoring requirements to the SharePoint Covenant Monitoring Site based on documented requirements
• Marking off items received and checking information received is as required
• Responsible for the maintenance and accuracy of the SharePoint Covenant Monitoring Site. Send weekly reminders and reports as required.
• Follow up with RMs on overdue items as required
• Teaching other staff members how to use the SharePoint Covenant Monitoring Site
• Escalating overdue credit conditions to line manager and credit in line with CADs procedures
• Producing the overdue report for monthly MI reporting

Excess Management

• Check and update the CAD Excess Management Tracker on a daily basis
• Investigating and understanding the root cause of excesses
• Escalating any issues to the manager of CAD/Head of Credit
• Producing the excess report for monthly MI reporting

Management Information & other

• Ensuring that the department's management tools, such as SharePoint, are up to date
• Compiling/distributing management information as required by the manager of the department
• Drafting condition precedent checklists as and when required
• Reviewing NNCs for accuracy as and when required
• Reviewing facilities pending activation in CMS weekly and providing updates to the team
• Training other staff members as and when required
• Providing effective cover for other team members in their absence and as required by line manager
• Activities include maintaining collateral valuations tracker, preparing IBCC agenda, and ad hoc tasks at the request of line manager

Candidate Specification:

• Basic knowledge of banking industry products/services
• Understanding of standard loan covenants
• Understanding of pre and post credit approval processes
• Understanding of the Bank’s Credit Risk policies
• Graduate
• Good time management skills, ability to work to deadlines
• Proactive and able to work independently as well as part of a team
• Proficient in Excel
• Excellent organisational skills

Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and, in accordance with applicable laws, does not discriminate on the basis of sex, gender identity, gender expression, race, color, religion, national origin, ancestry, age, marital status, disability, medical condition, sexual orientation, or on any other basis prohibited by law.

We welcome applications from people with disabilities and are committed to providing reasonable adjustments, where necessary, to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process, require any reasonable adjustments or access to work, please contact the recruitment lead at: [emailprotected]