Loans Processor (Hire Purchase, Block Discounting, Floor Stock)

TRUST RECRUIT PTE. LTD.; Singapore; On-site; SGD 20,000 - 60,000; Full time

Job summary

An established industry player is seeking a detail-oriented Loan Administrator to ensure compliance with lending guidelines and manage loan documentation. In this role, you will review loan offers, approve releases, and liaise with solicitors on legal matters. You will also oversee the safekeeping of security documents and support the Loans Administration Head in daily operations. This position offers an excellent opportunity to contribute to process improvements and enhance your career in the financial sector. If you have a passion for finance and compliance, this role is perfect for you.

Qualifications

• 1-3 years of experience in Financial Institutions or Banking.
• Strong knowledge in financial compliance and loan processing.

Responsibilities

• Review loan offers for compliance and approve loan releases.
• Monitor vessel loan documentation and ensure timely renewals.
• Perform supervisory duties and support operational requirements.

Skills

Knowledge in Hire Purchase

Knowledge in Block Discounting

Financial Analysis

Compliance Review

Education

Bachelor's degree in business/banking finance

Job description

Job Responsibility:

1. Vet through Letter of Offers to ensure compliance against credit proposal and lending guidelines.

2. Review and approve loan releases, and loan correspondences pertaining to Block Discounting & Hire Purchase for passenger car/commercial vehicle/equipment.

3. Ensure outstanding documents/issues are resolved prior/after disbursement.

4. Check vessel loan legal/security documents, and liaise with solicitors on legal matters pertaining to vessel documentation.

5. Check vessel loan client & loan input, and overrides loan transactions in core system.

6. Monitor & ensure timely renewal of vessel classification certs.

7. Review redemption statement computation.

8. Perform check on the safekeeping of completed security documents for property & vessel loans.

9. Perform supervisory function and cover duties of section lead and juniors in his/her absence.

10. Support the Head, Loans Administration in the day-to-day operational requirements and assist in her absence.

11. Handle process improvement assignment, and carry out departmental changes in process improvement implemented by Head, Loans Administration / Management.

12. Other duties assigned by HOD from time to time.

Job Requirement:

1. Bachelor's degree in business/ banking finance or equivalent.

2. 1 - 3 years of relevant experience in Financial Institutions or Bank.

3. Strong knowledge in Hire purchase or Block Discounting.

HOW TO APPLY:

Interested applicants, please click on “Apply Now”. We regret only shortlisted candidates will be notified.