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- Tasks: Prepare loan documents and liaise with solicitors for smooth loan completions.
- Company: Join a top UK property finance provider in vibrant Central Manchester.
- Benefits: Enjoy a competitive salary and excellent benefits, including flexible working options.
- Why this job: Be part of a dynamic team making an impact in the finance sector.
- Qualifications: Strong PC skills and superb communication abilities are essential.
- Other info: Ideal for organised individuals who thrive in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
Our client, one of the UK's leading providers of property finance, requires a Loan Administrator to join their team in Central Manchester.
Key Responsibilities:
- Preparing loan documentation – new business and renewals.
- Instructing and liaising with our panel solicitors to ensure we obtain perfected security documentation for secure lending purposes and to co-ordinate and expedite the legal process for the smooth completion of loan facilities.
- Liaising with Borrowers, Brokers, and Sales Team to ensure all approved loans are progressing effectively to completion in a timely manner.
- Issuing retention documentation for development facilities and monitoring exposure levels.
- Liaising with other lenders – 2nd charge mortgage consents/redemption statements.
- Obtain weekly updates from our panel solicitors on pending completions and update the property team, plus updating the deals pending spreadsheet and wipeboard.
- Manage and maintain client files & records.
- Liaising with Borrowers in relation to any overdue interest payments.
- Issuing discharge documentation upon redemption of loan facilities.
- Searches – HM Land Registry, Credit Reference Agency (CRN) – Individual, Corporate and Bankruptcy, plus monitor daily CRN updates on ‘watchout’.
- Post completion of loans manage diary to ensure obtain title register from sols/HMLR with our charge registered.
- Occasionally prepare credit papers & application forms.
- Ensure security and insurance register is up to date and manage diary to chase upon expiry for renewal.
- Liaising with insurers as and when necessary.
- Archiving – manage closed files, especially any security documentation which may relate to other exposures.
- Other admin/support/general office duties.
Key Requirements:
- Strong PC skills, including Excel, Word, and Outlook.
- Tenacity, integrity, flexibility, superb communication skills, able to work independently with minimum supervision, extremely organized and excellent time management.
The successful candidate will be rewarded with a market-leading salary + excellent benefits.
Loan Administrator – Bridging & Development Finance – Manchester employer: Business Money Promotions Ltd
Contact Detail:
Business Money Promotions Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Administrator – Bridging & Development Finance – Manchester
✨Tip Number 1
Familiarise yourself with the property finance sector, especially bridging and development finance. Understanding the nuances of this field will help you engage in meaningful conversations during interviews and demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the property finance industry. Attend relevant events or join online forums to connect with others in the field. This can lead to valuable insights and potentially even referrals for the Loan Administrator position.
✨Tip Number 3
Brush up on your organisational and time management skills. Since the role involves managing multiple tasks and liaising with various stakeholders, showcasing your ability to handle these responsibilities effectively can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with loan documentation and client management. Be ready to provide examples of how you've successfully navigated similar processes in the past, as this will highlight your suitability for the Loan Administrator role.
We think you need these skills to ace Loan Administrator – Bridging & Development Finance – Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan administration, property finance, and any specific skills mentioned in the job description, such as strong PC skills and excellent communication abilities.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the role. Mention your experience with preparing loan documentation, liaising with solicitors, and managing client files to demonstrate your suitability for the position.
Showcase Your Skills: In your application, emphasise your organisational skills and ability to work independently. Provide examples of how you've successfully managed multiple tasks or projects in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Loan Administrator.
How to prepare for a job interview at Business Money Promotions Ltd
✨Know Your Loan Processes
Familiarise yourself with the loan documentation process, including new business and renewals. Be prepared to discuss how you would instruct solicitors and manage the legal aspects of loan completions.
✨Demonstrate Strong Communication Skills
Since the role involves liaising with borrowers, brokers, and the sales team, showcase your communication skills. Prepare examples of how you've effectively communicated in previous roles, especially in resolving issues or ensuring smooth processes.
✨Showcase Your Organisational Skills
Highlight your ability to manage client files and records efficiently. Discuss any tools or methods you use to stay organised, particularly when handling multiple loans or deadlines.
✨Prepare for Technical Questions
Expect questions related to your proficiency in Excel, Word, and Outlook. Be ready to explain how you've used these tools in past roles, especially in managing data or creating reports relevant to loan administration.
