Job Description
About the Role
Isilumko Staffing is seeking a Loans Administrator to join their operations division on a 3-month contract. We are looking for a highly skilled and experienced professional 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.
Qualifications
[SKIP this section because no formal education mentioned]Salary & Benefits
[ SKIP this section because no salary information is provided in the original job description]
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Banking Jobs in Gauteng
The banking industry in Gauteng, South Africa is a dynamic and growing sector, with a strong demand for skilled professionals. Typically, job seekers in this field can expect to find opportunities across various sectors, including financial services, technology, and manufacturing. Generally, the industry outlook remains positive, with a common expectation of steady growth and expansion.
When it comes to salary expectations, banking positions in Gauteng typically fall within broad ranges, often influenced by factors such as experience, company size, and industry sector. For instance, entry-level positions may start around R400 000 per annum, while senior roles can exceed R800 000. However, please note that these figures are approximate and can vary significantly depending on individual circumstances.
Common skills required for banking roles in Gauteng include proficiency in financial software, strong analytical and problem-solving abilities, excellent communication and interpersonal skills, and a solid understanding of regulatory requirements. Other essential skills often include technical expertise in areas such as accounting, risk management, or compliance. Additionally, many employers place a high value on emotional intelligence, creativity, and adaptability.
The banking industry is commonly found in sectors such as financial services, technology, manufacturing, and corporate finance. Financial services companies, for example, are often major players in the industry, while technology firms may require banking professionals with technical expertise. Manufacturing sector banks also exist, catering to the needs of specific industries.
Career development opportunities abound in the banking industry, with many positions offering clear career progression paths. Typically, entry-level roles can lead to senior management positions or specialized fields such as risk management or compliance. Opportunities for professional development, training, and mentorship are often available within organizations, allowing professionals to build expertise and advance their careers.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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