Cantonese speaking Loan Securities Associate

Job Description

To see more Chinese jobs please follow us on WeChat: teamchinapf AND pfteamchinaRef: 21196Your New Job Title: Cantonese speaking Loan Securities AssociateThe Skills Youll Need: Fluent Cantonese and English, relevant experience in Banking / Finance industryYour New Salary: up to £28k depending on experienceLocation: Central LondonSummary:Responsible for assisting the Securities Manager in ensuring the contractual documentation of facilities are in compliance with terms as per approved credit proposal and the validity and enforceability of security instruments by which security interest arecreated on properties charged to the Bank, and to handle the maintenance of the Banks security interest during the term of the facility; and the releases of the charged securities upon full repayment of the relevant facilities.What Youll be Doing Each Day:

• To prepare other documents ancillary to loan documentation, e.g. board resolutions.
• Send a list of all customers with building insurance policies with insurers to them, to ensure that these agree with their records.
• Issue reminder letters to borrowers in relation to the forthcoming expiry of buildings insurance of the relevant charged property; and chaser letters to Borrowers where renewal buildings insurance has not been provided to the Bank upon expiry of the previouspolicy.
• To prepare standard offer letters ensuring that the terms are in compliance with terms as per approved credit proposal.
• Register new offer letter on monitoring report, monitor return of signed offer letters.
• To check to ensure the solicitor firms to act on our behalf is to have a minimum of two Solicitors Regulatory Authority partners; and if not seek instructions from account officers.
• Prepare and complete all necessary security documentation for drawdowns and releases.
• Check and verify signatures on relevant offer letters and security documents.
• Prepare Pre-Drawdown Checklist and complete the part on security section.
• Log security-related issues which remain outstanding subsequent to drawdown as per Pre-Drawdown Checklist and chase BDD regularly.
• Prepare Progress sheets and follow up all formalities until completion.
• Prepare Summary sheets upon completion of security documentation.
• Prepare and maintain Security ledger sheets.
• Check that security documents are received from solicitors within a reasonable time upon drawdown.
• Upon receipt of the documentation, check that they are accurate and complete.
• Carry out any post drawdown requirements.
• Report on the progress of security completion and overdue/irregular items.
• Place all security documents in the Banks deeds room under access card and password control at all times.
• Check solicitors undertakings regarding the retention of title deeds by Borrowers solicitors.
• Check legal opinion on the validity and enforceability of all documents (including facility letters and securities instruments, etc) executed by non-UK companies prior to loan drawdown/utilization.
• Check all outstanding indebtedness are fully settled prior to release of security. Carry out release of security requirements.
• Prepare and maintain securities folders.
• Box up and accurately label all lapsed papers.
• Scan all title deeds and finance documents (including all loan documentation and security instruments are scanned onto INVU system with the document details accurately inputted.
• Comply with all applicable regulations, rules, codes, guidelines and standards set by regulators and the Bank, and carry out duties with high integrity; and
• Adhere to all established risk control guidelines, procedures and measures to identify, assess, report, mitigate and monitor the risks involved in the day-to-day work.

The Skills Youll Need to Succeed:

• Proficient in spoken and written Cantonese and English.
• University Degree educated.
• Relevant experience in banking and financial services.
• Mandarin is an advantage but not essential

Please view all our Chinese jobs at www.people-first.co.ukPlease follow us on Linkedin: people-first-team-chinaWe would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs.Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.People First is committed to increasing diversity, and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, maritalstatus or whether or not they have a disability.People First (Recruitment) Limited acts as an employment agency for permanent and fixed term contract recruitment and as an employment business for the supply of temporary workers. Please note that by applying for this job you accept our Terms of Useand Privacy Policy which can be found on our website.