Junior Assistant - Loan Administration

Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products while operating as a 1LoD processing function. The department also includes the Business Risk \& Controls, Financial Crime Operations, and Facilities Management. As a Junior Assistant \- Loan Administration, you will be responsible for administering the delivery of all functions in respect of syndicated and bilateral loans, providing efficient operational support to Corporate Banking, Financial Institutions and Risk Management departments as well as other relevant stakeholders. This is a full time 6 months fixed term contract position.

Key responsibilities

• Analyse available undrawn commitment balance to ensure utilisation is in line with facility agreement terms


• Prepare business requests and perform system upgrade testing


• Calculate, process and reconcile commitment/utilisation fees and charges


• Actively follow up with agents/customers regarding outstanding payments


• Liaise with Financial Markets department regarding funding requirements and communicate fund movements promptly to the Clearing and Payments department


• Liaise with agents and advise relationship managers on any system issues affecting their respective facilities


• Process and accurately book all core loan transactions, including drawdowns, rollovers, repayments and rate fixings for agency, syndication and bilateral facilities


• Process fund receipts and payments using GUPP, SWIFTMS and WBIFN systems


• Reconcile and process commitment/utilisation fees and charges as well as follow up on missing payments from agents/customers


• Reconcile journal entries for transactions balancing via relevant systems


• Review and analyse legal and loan documents and approvals for new and existing agency, syndication and bilateral facilities


• Provide support and guidance for junior members of staff

Requirements

• Degree educated in Business, Finance, Accounting, Mathematics or other relevant subject


• Experience in an operations, administrative, or back office support role


• Knowledge of syndicated loans and bilateral products and processes


• Excellent communication skills


• Proficient in MS Office (Microsoft Word, Excel, PowerPoint)


• Highly organised and able to work in a fast paced environment


• Attention to detail


• Team player

Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally.

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