Loans Manager - London, United Kingdom,
A leading financial services provider based in East London are looking for Loans Manager to head up their loans team. With both an operational and strategic aspect this role would suit someone who is looking to take the next step in their career or a step back from the hustle and bustle of the City.
Your purpose will be to deliver significant loan growth of the loan portfolio. You will also need to provide strategic and entrepreneurial leadership to the Loans team including the development of staff.
Be an integral part of the Senior Management Team ( SMT) supporting and contributing to the delivery of company objectives
Develop a strategic and entrepreneurial approach to growing the loan book to include product, segment and customer focus. This will include:
- Developing innovative ideas to broaden the appeal for loans within the community, targeting new and existing members.
- Delivering and managing loan initiatives
- Delivering P/L targets as stipulated in the budget, working with the branches and operations manager to drive increased footfall via special initiatives and targeted promotions.
Manage and review the risk profile of the loan book.
Ensure that loan delinquencies are within the limits as stipulated by the board.
Work with the Finance and Credit Control functions to ensure effective risk management policies and processes are followed effectively.
Manage all aspects of the Loan process including approvals, up to a certain limit, and the maintenance of internal controls.
Carry out regular due diligence of loan applications with regard to members' financial status, credit and property evaluations to judge approvals in keeping with the risk appetite of the organisation.
Streamline the relevant documentation and other information which must be supplied to support decision making.
Support branches and Credit Control in the issuance and recovery of loans, providing technical input as required.
To provide monthly reports to SMT and board to include loan growth, explaining variances from targets, advising on product segments and recommending any changes in strategy.
Develop processes for automated loan decisions, in conjunction with the digital manager.
Review, document and develop all policies, procedures and loan agreements to ensure compliance with regulations , internal service standards and quality assurance
Ensure loans are processed within a timely manner with an efficient service to members.
Ensure adherence to internal underwriting policy and regulatory requirements of the FCA, PRA, anti-money laundering schemes and the prevention of financial crime.
Contribute to the preparation of the annual and strategic plans (1 -3 year plans) for loan growth in conjunction with the Operations and Finance Managers to ensure maximum revenue growth.
Act as a leader; hold weekly team meetings, train and develop staff to ensure a first class service across the credit union's offices, providing guidance and support as required
Demonstrable entrepreneurial experience at senior level in growing the loan portfolio.
Sound judgement and consistency in assessment of loans applications
A good understanding of Loan application process and the risk management and credit control functions
Proven ability to deliver stretching loan targets within strict deadlines and in accordance with the criteria.
Strong systems capabilities including with Excel and other software.
Understanding of credit referencing agencies and fraud prevention tools such as CIFAS
Excellent team management with focus on staff training and development.
Ability to be influential and establish positive working relationships across the organisation.
Excellent communicator with the ability to relate effectively and sensitively with persons from diverse backgrounds
A chance to to be a senior member of a growing business.
Please get in touch for more details!