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.
Stellar Select is acting as an employment agency and is a corporate member of the REC.
Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.