P10 Financial Ltd
Location
Twickenham, Greater London | United Kingdom
Job description
Duties and Responsibilities
• Assessing the financial position and credibility of customers seeking loans
• Advising on business loans, mortgages and other financial products to customers
• Discussing the different loans and credit facilities with borrowers
• Approving loans to a certain specified limit and rejecting applications that don’t meet the borrowing threshold
• Explaining the loan repayment schedules to borrowers
• Reviewing and updating loan files and credit documentation
• Obtaining and compiling copies of applicant’s credit histories, financial statements and other financial information
• Ensuring clients adhere to loan agreements and ensure that repayment is done on time
Nature of the role
A commercial loan manager manages the loan pipeline and process to ensure customers receive loans in a timely manner. They also explore loan opportunities, handle loan applications and prepare credit reports. Other than selling or originating mortgages, the Loan Officer advises customers on their financial status and repayment methods.
The right candidate develops and maintains client relationships as they pursue new customer opportunities. They do so by calling customers and monitoring their efforts. From time to time, they liaise with the borrower, lenders, credit agencies and external parties. When borrowers delay with repayments or default, they advise debt collection agencies on irreconcilable accounts for further action.
Skills and qualifications
• Working knowledge of loan operations with banks or lenders with agency exposure
• Ability to use various IT tools such as financial and administrative, word processing, spreadsheet and database software
• Excellent interpersonal and communication skills, both verbal and written
• Impeccable customer service and customer handling skills
• Working knowledge of credit unions and how they deliver financial services
• Firm grasp of financial, documentation and administration procedures
• Ability to analyse loan applications and supporting documents for issuance of loans
• Strong numerical skills to handle loan calculations and repayments for the customers
Experience requirements
We are ideally looking for a candidate with at least three years of experience working in various financial institutions. Experience in banking or financial services is desirable. Applicants need to have experience making loan decisions through various means including credit history review, credit scoring and affordability analysis.
Education and training requirements
A degree in business, finance and accounting would be ideal but not strictly necessary. CeMAP Level 3 qualification is essential and a strong understanding of FCA and MCOB regulation is also required.
Job tags
Salary
