Loan Operations Specialists

Stellar Select Limited
16 Feb 2017
16 Mar 2017
Contract Type
Full Time

We have a number of Loan Operations Specialists available working for a challenger bank to be based in their West London offices. You will be responsible for setting up loans on the internal system, processing loan drawdowns within set timescales and being the point of contact for branch based staff with any lending queries.

Responsibilities for the role of Loan Operations Specialist

  • Manual verification of Income & Expenditure processes to support on all Retail lending products
  • Process and authorise Loan drawdowns within set mandate including keying in limits, setting up loan accounts and disbursing funds for the bank's Commercial and Small Business loans; disbursing funds on Mortgage drawdowns; marking limits for overdrafts and credit cards.
  • Offering support to Store colleagues on retail lending queries, particularly supporting set up of unsecured personal loans and technical queries relating to the bank's banking platform.
  • Handling queries and issues which arise as part of the process of keying and disbursement of loans and marking limits
  • Transaction Investigations carried out on loan accounts within our banking system
  • Investigating reconciliation queries on Lending account and fee receipts
  • Logging all invoices and receipts for solicitor and valuations fees on internal spreadsheet
  • The successful candidate will deal with Loan amendments, keying changes, repayment dates etc

Experience required for the role of Loan Operations Specialist

  • The successful candidate will deal with Loan amendments and drawdowns experience including setting up repayment dates
  • General understanding of lending products such as loans, overdrafts and credit cards
  • Experience of reconciliation work on fee or other accounts, including movement of funds from account to account
  • Experience of reviewing system exception reports
  • Good Microsoft Office skills to include Word & Excel at a competent level

Salary: Between £25-36,000 depending on experience plus extensive benefits

Location: Chelsea, West London

Hours: Monday - Friday, Shift pattern working between 8am and 8pm

For more information regarding the role of Loan Operations Specialist please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days