Credit Administration Manager

The Bank of East Asia (BEA); Singapore; On-site; SGD 45,000 - 65,000; Full time

Job summary

A leading banking institution in Singapore is looking for an adept credit administrator to support the Credit Administration Unit. The role includes preparing facility letters, coordinating with legal teams, and ensuring compliance with all regulatory requirements. Ideal candidates will hold a relevant degree and have at least 2 years of experience in credit administration. Proficiency in Microsoft Office is essential.

Qualifications

• Minimum 2 years’ relevant experience in Credit Administration.
• Able to work independently and yet be an effective team player.
• Good knowledge of various Loan Products and Security Documents.

Responsibilities

• Support the Credit Administration Unit in documenting and implementing credit facilities.
• Draft facility letters and security documents according to approved proposals.
• Monitor and verify completion of documentation before implementation.

Skills

Credit Administration

Loan Products

Microsoft Office

Team Collaboration

Education

Bachelor’s / University degree

Job description

Responsibilities

The main role involves supporting the Credit Administration Unit in the documentation and implementation of approved credit facilities and other related matters.

Key responsibilities include:

• Document Preparation - Draft and prepare facility letters and security documents in accordance with approved credit proposals;
• Legal Coordination - Engage and coordinate with appointed law firm to facilitate the drafting, review and execution of security documentation and facility agreements, where applicable;
• Syndicated Loan Review - Review relevant syndication facility agreements to ensure consistency with approved term sheets;
• Implementation Checks - Monitor and verify that all conditions precedent is satisfied and documentation is complete prior to line implementation.
• Process Compliance – Adhere strictly to established internal processes, policies, and regulatory requirements;
• Process Improvement - Continuously evaluate and enhance work processes to improve operational efficiency and service delivery; and
• Team Support - Participate in ad hoc tasks and projects as assigned by the Team Lead/Head and Department Head.

Finance

• Ensure no financial losses arising from operational incidents with respect to day-to-day business operations.

Customer

• Ensure timely and accurate issuance of facility letters and review of syndicated loan agreements. Implement credit limits in accordance with approved terms and conditions.

Process

• Execute assigned tasks efficiently, accurately, and in compliance with established procedures and workflows.

People

• Collaborate effectively with internal stakeholders and external service providers -including legal counsel, valuers, and insurers to ensure seamless execution of responsibilities.

Compliance & Risk Management

• Comply with all applicable regulations, rules, codes, guidelines and standards set by regulators and the Bank, and carry out duties with high integrity; and
• Adhere to all established risk control guidelines, procedures and measures to identify, assess, report, mitigate and monitor the risks involved in the day-to-day work.

Other

• Risk Owner of 1st line of defence of risks associated with operational, strategic, legal, business continuity, technology, reputation and compliance.
• Assist Team Leads and Head on other related matters, assignments, and projects.

Requirements

• Bachelor’s / University degree from a recognised institution
• Minimum 2 years’ relevant experience in Credit Administration
• Good knowledge of various Loan Products and Security Documents
• Able to work independently and yet be an effective team player
• Proficient in Microsoft Office (Word/Excel)