Prestigious International Bank based in the City of London, are looking to recruit a Credit Administration Specialist to join their London Branch. The department/team, is responsible for managing Documentation and Credit Control activities for CIB and PB business post credit approvals.

Main responsibilities of the Credit Administration Specialist, will include;

• Maintain credit facility files with all the relevant documents received from the Coverage teams, scanning of facility documentation before recording them in the vault for safe custody.
• Prepare standard & non-standard documentation, Syndicated Agreements, Facility Offer Letters, Security related documents, Internal & External legal opinions and other condition precedent documents, etc. in compliance with sanctioned credit approvals.
• Ensure all security/support documents have been properly executed, signatures are verified and authenticities of the signatories are supported by resolution/POA
• Coordinate with CAD-International team in Head Office/Product Specialists/Coverage and Credit Teams as and when required in order to complete the documentation process/limit release in the Bank's Systems.
• Ensure approval from relevant authorities is held for deferrals/waiver of any incomplete documents.
• Ensure rectification of existing discrepancies/deficiencies (if any) in documentation.
• Encode lodgement of documents and update collateral data in the Bank's system.
• Verify and confirm periodically at the time of renewal/review of credit limits that all required security/support documents are physically held in safe custody and periodic clean-up of old and obsolete facility/security documents upon settlement.
• Verify approvals requested for permanent release of collaterals, security documentation and ensuring that there are no liabilities or outstanding and facilities are cancelled from the system.
• Encode and activate credit limits and ensure accurate detailing before inputting the same into the Bank's system.
• Maintain accuracy with regards to application of interest rates, commission, charges and various types of fee.
• Prepare instructions for provisioning of accounts, customer grade changes, suspension of interest changes and write-off entries.
• Prepare Facility Summary Sheet and sharing copies of Loan Agreements to Loan Middle Office related to Loan Administration Function.
• Encode up to date Overdraft interest rates codes in the Bank's system.

To be considered for this position, ideal candidates must have the following experience, skills and qualifications;

• Bachelor's Degree in Finance, Accounting, Economics, Commerce or any relevant discipline.
• Minimum 3-5 years with at least 3 years' of experience in Credit Admin function and legal documentation within a Financial Institution.
• Innovative, strategic thinking and analytical skills.
• High integrity and business ethics.
• Solid experience and knowledge in Credit Admin Functions and legal documentation.
• In depth knowledge of Banking sector, client's sectors, industries and market trends.