Job Title: Junior Loan Servicing Specialist - Bridging
Location: Watford
Salary: £24-30,000 depending on experience
Hours: Monday to Friday 9 am to 5.30 pm
Benefits:
* Contributory Pension scheme
* Private Medical Healthcare
* Life Assurance
* Dental Plan
* Free eye tests
* Annual leave purchase scheme
* Social events
* Refreshments
* 25 days annual leave with bank and public holidays on top
* Perk box
* Superb development opportunities
About the position of Junior Loan Servicing Specialist - Bridging
We are looking for a Junior Loan Servicing Specialist for a junior position in Watford. Our client is open to considering recent graduates or candidates with experience in collections within the lending sector. In this role, you will manage a portfolio of bridging loans, gaining hands-on experience while working closely with senior team members. The position offers a competitive salary, excellent benefits, and superb development opportunities, making it an ideal entry point for those looking to build a career in financial services.
Responsibilities for the role of Junior Loan Servicing Specialist - Bridging
* Communication with customers on all loans to ensure redemption is on track or alternative support/solutions are required.
* Ensure the full collections, redemptions and default loans policy is met on all loans.
* Ownership of redemption, bridge loans, commencing three months before loan completion or where indicated.
* Liaise with clients and solicitors for the redemption of upcoming loans.
* Prepare & review all redemption statements.
* Ownership of all default cases whether through receivership or the legal possession process and communicate with all parties involved.
* Explore all options of forbearance in line with customers' circumstances.
* Ensure loans are fully compliant with regulations and processes during the loan's life cycle.
* Engage and manage all loan extension requests promptly.
* Manage complex litigation cases which cannot follow the standard litigation process. These include, but are not limited to; defended possession claims, allegations of fraud, title problems and lease forfeiture.
* Assist with monthly reporting.
* Assisting with internal or external audit or review.
* Forge positive relations with internal and external teams.
Experience and skills required for the role of Junior Loan Servicing Specialist - Bridging
* Experience in collections or loan servicing is highly desirable; however, we can also consider graduates keen to develop a career in financial services.
* Highly organised with great communication skills.
For more information regarding the role of Junior Loan Servicing Specialist - Bridging please get in touch with us.
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