Senior Loan Administrator in London

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 in order to understand their complex funding requirements. Heritable provide senior debt for new build developments as well as for the conversion and refurbishment of existing buildings and we understand that a specialist sector needs expert knowledge. 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 Senior Loan Administrator to join a team of 5 within the Loans Administration Department, reporting into the Operations Director. The role will play a crucial role supporting the front office team in processing, controlling and maintaining bespoke property development loans.

As a Senior Loan Administrator, you will be responsible for the implementation, documentation and control of all aspects of approved loan facilities as well as production of management information. The role provides a crucial function in processing, controlling and maintaining loans through their full life cycle. The Senior Loan Administrator will be responsible for managing professional relationships with third parties associated with writing and maintaining loan facilities.

Your responsibilities will include:

• Ensuring all loan offer terms and conditions are satisfied before completion
• Reviewing quantity surveyor reports, verifying stage payment certificates, and preparing stage payments for approval
• Instructing solicitors and surveyors to complete security, valuations, and ongoing monitoring requirements
• Posting transactions to the Phoebus system and reconciling bank accounts with loan accounts
• Supporting land advance preparations
• Preparing security release documentation
• Opening and updating loan accounts on Phoebus and maintaining accurate records
• Monitoring arrears and escalating issues to Lending Directors where necessary
• Completing CDD and AML checks on directors, shareholders, and beneficial owners
• Producing monthly management information and verifying reports and statements prepared by others
• Supporting redemption processes and assisting with the collection of outstanding interest and capital charges

We offer a competitive base salary depending on experience from £60,000 - £70,000 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

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’. Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

We are looking for talented individuals who have the experience and knowledge set out below:

• Previous experience working in a UK Banking operations focussed role with particular focus on property development finance is required
• Experience working collaboratively and liaising with third parties such as Solicitors and external Surveyors
• Strong knowledge of the processes, background and reasoning for the taking of security in relation to secured lending

If this sounds like you, please apply now!