Loan Settlement Administrator

THE COMPANY:

Our client is a leading international bank based in the City.  They are looking for a Loan Settlement Administrator to join the Business on a permanent basis.

THE RESPONSIBILITIES:

Loan Settlement:

• Check details of ticket and e-permit;
• Open any new clients and facilities in FOVA;
• Input deal into FOVA;
• Register Nostro account cashflow relating to loan settlement;
• Make drawdown payments due in GCMS re instructions from Credit Department;
• Pass any Entries and Accruals fee in FOVA;
• Update Loans Register schedule spreadsheet;
• Update interest rates, new maturity date in FOVA when roll over;
• Make sure interest and/or principal are received from agents or the borrower;
• Make sure any fees due are paid or received;
• File Loan documentation in folders;
• Co-ordinate for necessary loan system upgrade analysis.

Other:

• Keep Nostro positions;
• To process payments in SCMS and FOVA using knowledge of SWIFT and SWIFT formats;
• Create any new Clients and open relevant accounts in the system;
• Pass any journal entries and accruals in FOVA;
• Other tasks as directed by the Manager and Team Head;
• Maintenance of records filing;
• Keep all AML check evidence for AML check for audit trail purpose. Must report /escalate to MLRO for potential positive hit or suspicious transaction in accordance with the Bank’s AML policy;
• Cover treasury settlement, clearing & payment, trade services, correspondence and reconciliation when required;
• Process the correspondence in SCMS or in FOVA;
• Process the Nostro transfer;
• Update Consolidated Business Report monthly;
• File work papers in a timely manner;
• Archiving of old deals;
• Conduct daily basic CASS review operation in accordance with established “policies”;
• Other duties as assigned.

EXPERIENCE REQUIRED:

• Good Microsoft Office skills;
• Good organizational ability and attention to detail;
• Good interpersonal skills with the ability to communicate with people of different departments;
• The ability to prioritize tasks and delegate when necessary;
• Accurate reporting skills;
• Good team player;

For further information please contact Eleanor Gowling