At a Glance
- Tasks: Support the front office team in managing bespoke property development loans.
- Company: Join a small, expert team at Heritable Development Finance in London.
- Benefits: Competitive salary, annual bonus, generous leave, and private medical insurance.
- Other info: Collaborative environment with opportunities for personal and professional growth.
- Why this job: Make an impact in property finance while building valuable professional relationships.
- Qualifications: Experience in UK banking or lending operations, especially in property development finance.
The predicted salary is between 35000 - 45000 € per year.
About the team
Heritable Development Finance represents a joint venture between OSB Group and Heritable Capital Limited. Heritable’s core business is the funding of residential and mixed‑use developments and we work closely with developers and housing associations to understand their complex funding requirements. Heritable provides senior debt for new build developments as well as for the conversion and refurbishment of existing buildings. We understand that a specialist sector needs expert knowledge and we are a small team of 14 who have many years of experience working for a number of niche development funders. Based from our London office, we are looking for a Loan Administrator to join a team of 5 within the Loans Administration Department.
What you will be doing?
This position will play a crucial role supporting the front office team in processing, controlling and maintaining bespoke property development loans. The Loan Administrator will be responsible for managing professional relationships with third parties associated with writing and maintaining loan facilities. Your responsibilities will include:
- Managing loan accounts from approval onwards, verifying stage payment certificates and monitoring arrears, unpaid interest and capital.
- Preparing and authorising drawdowns, land advances and redemption statements.
- Instructing and liaising with solicitors to complete and perfect security.
- Preparing security and release documentation, agreeing release procedures, and appointing external surveyors for valuations and ongoing monitoring of development sites.
- Maintaining accurate loan records on the Phoebus system, including credits, debits, fees, account amendments and reconciliations between borrower accounts and company bank accounts, always ensuring data integrity.
- Ensuring all loan conditions are satisfied prior to completion.
- CDD and AML checks are completed for relevant parties as well as aggregation checks being carried out before credit approval, and audit enquiries are prepared and responded to as required.
- Producing and reviewing monthly management information.
What's in it for you?
We offer a competitive base salary depending on experience and a competitive benefits package including:
- Discretionary annual bonus opportunity of up to 15%.
- 28 days annual leave plus bank holidays.
- Contributory pension (8% employer 5% employee).
- Life Assurance (4x salary) plus Group Income Protection.
- Access to Private Medical Insurance and Medical Cash Plan.
Do you have the skills?
We are looking for talented individuals who have the experience and knowledge set out below:
- Demonstrable experience in a UK banking or lending operations role, with a strong emphasis on property development finance is essential.
- Proven ability to work collaboratively and effectively manage relationships with third‑party professionals, including solicitors and external surveyors is required.
- Strong understanding of secured lending, including the principles, processes and rationale underpinning the taking and management of security.
Loan Administrator employer: OneSavings Bank Plc
Heritable Development Finance is an exceptional employer, offering a dynamic work environment in the heart of London where collaboration and expertise thrive. With a small, experienced team, employees benefit from personalised growth opportunities, a competitive salary, and a comprehensive benefits package that includes a discretionary bonus, generous leave, and private medical insurance. Join us to be part of a specialist sector that values your contributions and fosters professional relationships within a supportive culture.
StudySmarter Expert Advice🤫
We think this is how you could land Loan Administrator
✨Tip Number 1
Network like a pro! Reach out to your connections in the property development finance sector. Attend industry events or webinars, and don’t be shy about introducing yourself to potential employers. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by researching the company and its projects. Understand their approach to funding and the types of developments they support. This will help you tailor your answers and show that you’re genuinely interested in joining our team at Heritable Development Finance.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to loan administration and managing relationships with third parties. We want to see how you handle real-life scenarios, so think of examples from your past experience that highlight your skills.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can go a long way in showing your enthusiasm for the role. Plus, it keeps you on their radar. And remember, apply through our website for the best chance of landing that Loan Administrator position!
We think you need these skills to ace Loan Administrator
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Loan Administrator role. Highlight your experience in UK banking or lending operations, especially in property development finance. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your ability to manage relationships with third-party professionals.
Showcase Relevant Experience:When detailing your work history, focus on your experience with secured lending and managing loan accounts. We love seeing specific examples of how you've handled similar responsibilities in the past.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at OneSavings Bank Plc
✨Know Your Stuff
Make sure you brush up on your knowledge of property development finance and secured lending. Understand the principles and processes involved, as this will show that you're serious about the role and can speak confidently about the industry.
✨Showcase Your Relationship Skills
Since managing relationships with third parties is key, think of examples from your past where you've successfully collaborated with solicitors or surveyors. Be ready to discuss how you handled any challenges and maintained those professional relationships.
✨Get Familiar with Phoebus
If you have experience with loan management systems like Phoebus, highlight it! If not, do a bit of research to understand how such systems work. Being able to talk about data integrity and loan record maintenance will impress the interviewers.
✨Prepare for Scenario Questions
Expect questions that ask how you'd handle specific situations, like verifying stage payment certificates or managing arrears. Think through your approach to these tasks and be ready to explain your thought process clearly.
