Job Description
As a loan administrator, you will provide all administrative and secretarial support that ensures better functioning of the Credit department through the core banking system. You will focus on compiling data, gathering information from various resources, preparing reports, coordinating walkthroughs, and ensuring that the credit department generates accurate and timely loan portfolio. An on-the-job training will be provided for the role.
Job Responsibilities
The individual must be able to perform each essential duty below satisfactorily. Other duties may be assigned:
- Cater to documenting, closing, and monitoring the servicing of loans in relation to all verticals
- Perform loan set ups and loan modifications for the new as well as seasoned loans.
- Perform the payoff amounts and do all the relevant calculations including payment schedules, prepayment calculations and other calculations necessary for processing a loan
- Ensure that all the documentation has been updated appropriately in the system so that the assigned tasks can be performed easily
- Prepare the credit approval packets, gather information like Financials, Bank statement, registration documents etc., and work closely with the credit specialist on underwriting
Special Skills and Qualifications
- High proficiency with computer applications and a good knowledge of Microsoft Office suite.
- About 4-6 years working experience in a credit/loan agency.
- Demonstrate good supervisory skills and a great attention to details.
- Able to work independently, productively and organize task according to priority.
- A degree in a related fields such as Business Administration, Finance or Accounting would be an added advantage.