Credit Administration Officer
City of London
Permanent
£40,000
5 days in the office to begin
cer Financial are working alongside a Real Estate Focused bank, who are based in the City of London. They are seeking a Credit Administration Officer.
The responsibilities of the Credit Administration Officer will include:
- Manage the end-to-end credit administration process from pre-disbursement through to post-completion.
- Prepare credit documentation, including term sheets, facility letters, addendums, borrower consents, and other lending documents.
- Ensure all lending documentation complies with internal policies, procedures, and regulatory requirements.
- Coordinate with internal stakeholders (Business, Credit, Operations, Treasury, Monitoring, Remedial) and external parties (solicitors and valuers).
- Obtain fee quotes and instruct panel solicitors and valuers.
- Monitor the return of signed documentation and commitment fees.
- Review valuation reports and legal documentation, identifying risks and ensuring all lending conditions are met before disbursement.
- Manage the loan disbursement process, including booking loan limits and collateral in the banking system.
- Maintain regular communication with stakeholders throughout the lending process.
- Follow up on legal completion, security perfection, executed documents, and outstanding post-completion conditions.
- Maintain accurate filing systems, management information (MI), databases, and audit records.
- Update lending pipeline, collateral, insurance, valuation, review dates, and related data.
- Monitor property revaluations and liaise with valuers and relationship managers on findings.
- Meet agreed service level agreements (SLAs).
- Support audits, user acceptance testing (UAT), projects, and continuous improvement initiatives within Credit Administration.
- Comply with FCA/PRA Conduct Rules and maintain high standards of integrity, customer fairness, and regulatory compliance.
The successful candidate will have:
- Experience in Credit Administration within banking.
- Knowledge of Buy-to-Let lending (residential and commercial).
- SME banking product knowledge.
- Experience with risk mitigation and control processes and technology.
- Understanding of credit documentation, security perfection, valuations, and collateral management.
- Knowledge of relevant banking laws and regulations.
- Strong proficiency with spreadsheets and database tools.
- Ability to review legal and valuation documentation.
- Experience maintaining lending records, databases, and management information.