Expires 3 weeks from now
Loan Administrator
full-time
Lekki,
Lagos
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Job Summary
The Loan Administration role is responsible for the effective administration and management of approved loan facilities, ensuring accurate documentation, timely disbursement, proper loan booking, and ongoing monitoring of loan accounts. The role supports the efficient execution of lending transactions while maintaining the integrity and accuracy of the Company’s loan records. The role requires strong attention to detail, sound knowledge of loan processes and documentation, and an understanding of credit and lending principles. The Loan Administrator collaborates with Relationship Managers, Credit, Risk, Finance, and other relevant teams to ensure that loan facilities are processed in line with approved terms, internal policies, and applicable regulatory requirements.
Job Details
- Process and administer approved loan facilities in line with approved terms, conditions, and internal policies.
- Review loan documentation to ensure completeness, accuracy, and compliance with approved facility terms prior to disbursement.
- Coordinate the preparation, execution, and filing of loan and security documentation.
- Liaise with Relationship Management, Credit, Risk, Legal, Finance, and other relevant teams to facilitate timely loan processing and disbursement.
- Ensure accurate loan booking, facility setup, and maintenance of loan records on relevant systems.
- Monitor loan documentation, conditions precedent, repayment schedules, and other facility requirements to ensure timely compliance.
- Support the preparation and maintenance of accurate loan schedules, reports, and portfolio records.
- Track loan repayments, maturities, renewals, restructuring, and other facility amendments, escalating exceptions where necessary.
- Maintain complete and well-organised loan files, documentation, and audit trails for all facilities.
- Ensure adherence to applicable regulatory requirements, internal credit policies, and established loan administration procedures.
- Provide timely information and documentation required for internal and external audits, reviews, and regulatory examinations.
- Identify and escalate documentation gaps, processing exceptions, and other issues that may affect the effective administration of loan facilities.
Requirements
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
- Minimum of 3–5 years’ relevant experience in loan administration, credit operations, banking operations, or a related financial services function.
- Good understanding of loan processing, facility documentation, disbursement procedures, repayment schedules, and credit administration.
- Strong proficiency in Microsoft Excel and other relevant Microsoft Office applications for maintaining loan records, preparing reports, and analysing loan data.
- Strong attention to detail, organisational skills, and ability to manage multiple loan facilities and documentation requirements.
- Good understanding of credit risk principles, lending processes, and applicable regulatory requirements.
- Relevant professional certification such as CIBN, ACA, ACCA, or other recognised banking/finance qualifications is an advantage.
Benefits
- 13th Month salary.
- Health Maintenance Organisation (HMO) coverage.
- Pension contribution.
- Paid annual leave.
- Group Life Insurance.
