| Date | 2024-11-24 |
|---|---|
| Job Title | Loans Administrator (3-Months Contract) |
| Employer | Isilumko Staffing More Information |
| Salary | 40000 |
| Category | Finance Accounting |
| Location |
Gauteng / Johannesburg |
Job Summary
A top bank in looking for a Loans Administrator to join their operations division on a 3-MONTH contract.
Purpose
To manage a portfolio of confirmations and structured deals, providing oversight, support, and guidance for new deals while ensuring process improvement.
Key Responsibilities
- Address queries related to P&L, Margin, etc. from Product Control/finance to minimize financial loss, interest claims, and reputational damage.
- Handle facility extensions and restructures, updating or rebooking deals as necessary.
- Build trusted relationships with internal stakeholders to accurately book and execute Investment Banking loans/Syndicated positions.
- Confirm receipt of funds and determine settlement value for loan settlements and client refunds. Vet and authorize settlement figures for confirmations and structured transactions.
- Contribute to the development of standard operating procedures, working instructions, and policies to ensure compliance and governance.
- De-activate statement runs, update loan status, and ensure the continuity of debit order runs. Write off exposure or implement restructuring strategies.
- Engage with clients to provide settlement figures and confirm actual cash in bank accounts. Support the resolution of outstanding unreconciled entries.
- Manage client queries and provide relevant information/documentation to ensure effective cash flow management throughout the deal lifecycle.
- Follow up on outstanding settlements with clients/lenders and third-party syndications. Escalate unresolved matters for review or resolution.
- Ensure booking of funding positions aligns with Money Market trades and handle interdivisional foreign currency settlements.
- Reassess funding positions, process unpaid debit orders, and provide guidance for complex non-performing transactions, including recovery and write-offs.
- Independently manage allocated portfolio, handling drawdowns, margin variations, and prepayments/repayments while ensuring accurate data for the loan book.
- Investigate client, lender, and internal queries, collaborating with stakeholders to identify and resolve issues promptly.
Requirements
- Must have Business Commerce Degree
- Must have a demonstrated track record of adding value and delivering client-centric service.
- Must have At least 3-4 Experience in supporting and coaching team members
- Must Have At Least 3 Financial services or finance-related environment experience.
- Must have Experience working within an agency supporting Investment Banking with knowledge of debt products and legal agreements interpretation.
Skills
- Strong communication and interpersonal skills
- Analytical and problem-solving abilities
- Knowledge of Investment banking Debt products
- Detail-oriented with strong organizational skills
- Adaptability
- Proficiency in software and systems relevant to the role
Loans Administrator (3-Months Contract) position available in Gauteng, Johannesburg. This job position was posted by Isilumko Staffing. The job has been posted as a premium ad on 2024-11-24 at 13:20:56 in the Finance Accounting category
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Johannesburg: Loans Administrator (3-Months Contract) posted by Isilumko Staffing
A top bank in looking for a Loans Administrator to join their operations division on a 3-MONTH contract.PurposeTo manage a portfolio of confirmations and structured deals, providing oversight, support, and guidance for new deals while ensuring process impr
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Loans Administrator (3-Months Contract)
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