Credit Administration Officer
Permanent
City of London (5 days in the office)
£45,000 - £55,000
cer Financial are working alongside a bank who are based in the City of London. They are seeking a Credit Administration Officer to work with them on a permanent basis.
The responsibilities of a Credit Administration Officer will include:
- Draft / vet all facility and security documents to ensure that the Branchs position is adequately protected and that the documents will be enforceable in a court of law if the need arises.
- Liaise with solicitors on aspects of security documentation
- Rollover & limits report updates
- Review loan documents and liaise with internal and external parties to ensure proper and efficient delivery of credit administration duties
- Follow-up on incomplete documents with the Credit Marketing Department (CMD)
- Drafting facility letters/ agreements
- Follow-up on the timely renewal of insurances for properties mortgages to the Bank to ensure that the properties are adequately protected by insurance cover. Follow-up on timely renewal of credit insurances to ensure our interest/assignment is noted.
- Handle problem accounts including liaising with all departments to obtain figures outstanding, calculating off-book interest and issuing letters of demand, liaising with solicitors and other professional bodies pertaining to problem accounts and recovery of sums outstanding.
- Carrying out company searches for branch and overseas branches.
- Provide Process Agent services for Head Office upon request.
- Maintain and update the limit and collateral systems (Eximbills)
- Monitor customer overlimit/excesses under daily special conditions report and report to management.
- Provide secretarial support.
- Loan disbursals
- Produce the monthly reports for management purposes
The successful of a Credit Administration Officer will have:
- Good knowledge of Word, Excel
- Experience of Equation System / Eximbills
- Understanding of legal matters relating to facility and security documentation