Job Title:	Credit Manager/Sanctioner
Reference:	bc/cms
Salary:	Comprehensive Banking Benefits
Location(s):	Durham, Northumberland, Teesside, Tyne and Wear, North East, humberside, Cleveland, County Durham, Grimsby, Cheshire, Cumbria, Greater Manchester, Isle of Man, Lancashire, Merseyside, Manchester
Industry(s):	Banking, Corporate Banking, Corporate Finance, Financial Services
Advertiser:	Barclays Commercial
Employment Type:	Permanent
Posted:	19-07-2008

Description:

Credit Manager/Sanctioner – Location Independent Working – North of England

With over 8000 colleagues working across the UK, Barclays Commercial Bank provides financial management services and industry-specific advice to some 183,000 large and medium-sized businesses. With access to the products and expertise of the entire Barclays Group, particularly Barclays Capital, Barclays Wealth and Barclays UK Retail Banking, it is a business rich with opportunity.
Based in the North, working on a location independent basis, the role holder will be assessing the quality of prospects by undertaking an on-site survey and then agreeing/declining a facilty based on the information received. Role holder will ensure that any facilities agreed are within policy.

Duties will include but not be limited to:

• To sanction and structure deals relating to new business propositions from Medium Business Sales or live business applications from Relationship Managers, taking into account Credit Policy.

• To exercise personal / joint discretion in structuring and sanctioning facilities with the additional benefit of financial and other information provided by Sales or Customer Services.

• To produce detailed action plans for the future management of live business applications for RM’s and to carry out regular monitoring against the plan to check for compliance.

• To recommend and implement requisite amendments to Credit Policy.

• To report on proposals, in an agreed format, commenting on product type, the level of advance, covenants and key factorability issues.

• To ensure suitable conditions are set within the customer agreement to mitigate the risk issues.

• To participate in deal teams, visiting prospective customers as required.

• To develop the Credit/Sales partnership and key relationships with the Sales Teams, Generalist Credit and the wider Network.

• To assist in training others around the business as required.

•To undertake and complete ad hoc projects as and when required.

Demonstrable knowledge:Essential

• Knowledge of Asset and Sales Finance Credit Policy and Procedures

• In depth knowledge of Money Laundering Policy and Guidelines

• Good working knowledge of the Companies Act, in order to assess deals such as MBO’s. E.g. section 151 issues.

• Credit experience within a bank environment

Preferred

• In depth knowledge of Asset and Sales Finance products and their operation in order to be able to assess the viability of funding structures

• Working knowledge of other bank products that may form part of the customer’s credit with the Bank.

• Working knowledge of the guidelines and procedures of the FDA in order to effect transfers between factors.

• Understanding of Credit as it applies to the network teams.

• Working knowledge of Lending Advisor in order to assess Credit against other Bank business the customer may have.



In addition to an award-winning range of benefits, designed to recognise and reward your achievements and improve your quality of life, we offer tremendous scope for personal and professional development. And such is the profile of Barclays Commercial Bank that if you make a name for yourself here it could lead to any number of other opportunities elsewhere within the Barclays Group.