Associate, Loan Administrator

OVERVIEW

PURPOSE OF ROLE (WHAT IS REQUIRED OF THE JOBHOLDER TO ACCOMPLISH):

The Loan Administration team is responsible for a wide range of administrative duties in respect of the Commercial Real Estate loans where Mount Street entities are party to loan documentation, performing roles such as that of Facility Agent and Security Trustee.

The accurate and timely production of notices is one of the key responsibilities for the team. This is one of the essential elements of the relationship between Mount Street and its Borrowers/Lenders.

In addition, the team is responsible for all aspects of Cash Management including Balance & Transaction reporting, Payment Creation/Approval/Release and Reconciliation.

The Loan Administration team provide an essential support function to the Asset Management team and therefore work closely together to deliver an exceptional service to our clients.

RESPONSIBLE FOR:

The accurate and timely management of a portfolio of loans covering all elements of the relationship between Mount Street and its Borrowers/Lenders.

CORE RESPONSIBILITIES (FUNCTIONAL RESPONSIBILITIES):

• Management of a loan allocation.

• Calculation and verification of interest and principal amounts due as well as the fees charged.

• Production and verification of the relevant notices to Borrowers and Lenders.

• Boarding of newly closed loans into the Loan Administration System.

• Maintenance of allocated loans in the Loan Administration System.

• Co-ordination of the Borrower bank account opening for newly closed loans.

• Completion of all KYC requirements involved in the setting up of the signature mandates that provide Mount Street with access to the blocked Borrower bank accounts.

• Providing the relevant loan details in response to loan confirmation audit requests.

• Creation and authorisation of payments via a wide range of online platforms.

• Creation of deal level reporting for securitised loans.

• Maintenance and verification of the cash reconciliation, rent account, reconciliation and fee tracker.

SKILLS AND COMPETENCIES:

• Three to five years banking and payments experience.

• Analytical – Must be able to analyse reports containing financial data.

• IT – Including Excel – Must be able to perform complex calculations.

• Communication – Must be able to use telephone, email and written word to a high standard.

• Teamwork – Must be able to work well as part of a team as well as individually.

• Proactive – Must adopt a proactive approach to the delivery of service excellence.

• Knowledge of KYC, AML and multi-platform bank account systems would be a distinct advantage.