Senior Officer - Loan Processing Unit

Zenith Bank (UK) Limited.; Greater London; On-site; GBP 35,000 - 58,000; Full time

Job summary

Zenith Bank (UK) Limited in London seeks a permanent Loan Processing Analyst to support the head of the loan processing unit and streamline loan activities. You will disburse new loans, perform validations, and coordinate with Finance to ensure proper booking and cashflow records.

You will monitor interest payments, maintain loan master records, and provide audit support. The role requires problem solving, teamwork, and adherence to regulatory conduct rules with opportunities for system

Qualifications

• Experience supporting loan processing and admin tasks.
• Able to identify and remediate manual processes where automation can help.
• Knowledge of FCA/PRA Conduct Rules is desirable.

Responsibilities

• Support the head of the loan processing unit with all loan activities
• Identify and remediate manual processes where further automation can be achieved
• Disburse new loans / drawdowns ensuring the approved authorisation levels are adhered to
• Perform next day validations on all new loans, loan extensions, repayments and fees taken
• Liaise with Finance to ensure and validate the correct booking of all loans and their component parts
• Ensure interest payments are monitored, recorded and the necessary accounting entries accurately processed
• Maintain master records for all loans and record all cashflows for each loan type
• Act as a single point of enquiry for all audit enquiries from external auditors (From a back-office perspective)
• Monitor and report upcoming maturities. Notifying RMs when loans are due i.e., 1month / 2 weeks in advance
• Provide exception reporting to Credit Risk, MCC etc. on overdue items
• Provide requirements input for further system development to support the LPU activities
• Involvement with project work and UAT
• Represent the team at internal and external meetings as and when required
• Compliance with the FCA/PRA’s Individual Conduct Rules, as outlined below.

Skills

Team player

Aptitude to learn

Problem solving

Able to multi-task

Ability to work under pressure

Ability to meet deadlines

Decision making

Temenos T24 experience

Job description

Zenith Bank (UK) Limited (ZBUK) is a subsidiary of Zenith Bank PLC, the most profitable bank in Nigeria with an established trajectory of superlative performance, as well a strong pedigree of innovation, resilience, and market dominance. On an annual basis, Zenith Bank PLC amasses a string of notable awards; one of the most recent being listed as the sole Nigerian brand on the World’s top 100 companies in 2023 by the World Finance Magazine.

Zenith Bank (UK) Limited (ZBUK) was set up with a clear strategy to leverage trade and investment flows between Nigeria and Europe, by providing intermediary banking services and facilities for trade-related working capital and capital expenditure.

Zenith Bank recognizes the importance of leveraging a highly skilled workforce to achieve its strategic and operational goals. The bank is committed to providing an environment that is conducive for effective performance by availing all staff the necessary learning opportunity. We value the well-being of our staff and we encourage them to strike a balance between their work and personal lives, thereby creating a healthy atmosphere for personal development and career success.

With the introduction of new services here in the UK and our unparalleled knowledge of business with Africa, our 5 year strategy ensures “Controlled Growth” as we aim to become the Bank of choice for businesses wishing to transact in the African continent.

Role Responsibilities:

• Support the head of the loan processing unit with all loan activities
• Identify and remediate manual processes where further automation can be achieved.
• Disburse new loans / drawdowns ensuring the approved authorisation levels are adhered to.
• Perform next day validations on all new loans, loan extensions, repayments and fees taken
• Liaise with Finance to ensure and validate the correct booking of all loans and their component parts.
• Ensure interest payments are monitored, recorded and the necessary accounting entries accurately processed.
• Maintain master records for all loans and record all cashflows for each loan type.
• Act as a single point of enquiry for all audit enquiries from external auditors (From a back-office perspective).
• Monitor and report upcoming maturities. Notifying RMs when loans are due i.e., 1month / 2 weeks in advance.
• Provide exception reporting to Credit Risk, MCC etc. on overdue items
• Provide requirements input for further system development to support the LPU activities
• Involvement with project work and UAT.
• Represent the team at internal and external meetings as and when required.
• Compliance with the FCA/PRA’s Individual Conduct Rules, as outlined below.

Skills/Knowledge Required:

• Team player
• Aptitude to learn
• Problem solving
• Able to multi-task
• Ability to work under pressure
• Ability to meet deadlines
• Decision making
• Any experience of Temenos T24 advantageous

This is a permanent position, paying up to £58,000.00 per annum based on experience.