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

Trust Recruit; Singapore; On-site; SGD 20,000 - 60,000; Full time

Job summary

An established industry player is seeking a detail-oriented professional to manage loan documentation and compliance. In this role, you will vet Letter of Offers, review loan releases, and ensure all outstanding issues are resolved before and after disbursement. You will also liaise with solicitors on legal matters related to vessel documentation and support the Loans Administration Head in daily operations. This position offers the chance to contribute to process improvements and oversee junior staff, making it a dynamic opportunity for someone with a background in finance. If you have a passion for the banking sector and a keen eye for detail, this role is perfect for you.

Qualifications

• 1-3 years of experience in Financial Institutions or Banking.
• Strong knowledge in Hire Purchase or Block Discounting.

Responsibilities

• Vet Letter of Offers for compliance with lending guidelines.
• Review and approve loan releases and correspondence.
• Monitor renewal of vessel classification certificates.

Skills

Knowledge in Hire Purchase

Knowledge in Block Discounting

Analytical Skills

Education

Bachelor's degree in business/banking finance

Job description

Job Responsibility:

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

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

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

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

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

• Monitor & ensure timely renewal of vessel classification certs.

• Review redemption statement computation.

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

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

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

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

• Other duties assigned by HOD from time to time.

Job Requirement:

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

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

• 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.