At a Glance
- Tasks: Support the front office team in managing property development loans and maintaining professional relationships.
- Company: Join a small, experienced team at Heritable Development Finance in London.
- Benefits: Competitive salary, annual bonus, 28 days leave, and private medical insurance.
- Other info: Opportunity for career growth in a collaborative environment.
- Why this job: Be part of a dynamic team making a real impact in property development finance.
- Qualifications: Experience in UK banking or lending operations, especially in property development finance.
The predicted salary is between 35000 - 45000 € per year.
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 are a small team of 14 with many years of experience in niche development funding. Based from our London office, we are looking for a Loan Administrator to join a team of 5 within the Loans Administration Department.
Role
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.
Responsibilities
- 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.
- Access to Private Medical Insurance and Medical Cash Plan.
Qualifications
- 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.
- Strong understanding of secured lending, including the principles, processes and rationale underpinning the taking and management of security.
How to apply
If this sounds like you, please apply. Internal applications may follow a separate process.
Loan Administrator employer: OSB Group
Heritable Development Finance is an exceptional employer, offering a dynamic work environment in the heart of London where collaboration and expertise thrive. As a small yet experienced team, we prioritise employee growth through hands-on experience in property development finance, alongside a competitive benefits package that includes a discretionary annual bonus and private medical insurance. Join us to be part of a supportive culture that values your contributions and fosters professional relationships within the industry.
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. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Heritable Development Finance and understanding their approach to funding. Be ready to discuss how your experience aligns with their needs, especially in managing loan accounts and liaising with third parties.
✨Tip Number 3
Showcase your skills! Create a portfolio or a presentation that highlights your experience in banking or lending operations. This can set you apart from other candidates and demonstrate your proactive attitude.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Heritable Development Finance.
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 the perfect fit for our team. Mention specific experiences that demonstrate your ability to manage relationships with third-party professionals and your understanding of secured lending.
Showcase Your Attention to Detail:As a Loan Administrator, attention to detail is key. In your application, provide examples of how you've maintained accurate records or managed complex processes in previous roles. We love candidates who can keep things organised!
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application gets to the right people. Plus, we’re excited to see what you bring to the table!
How to prepare for a job interview at OSB Group
✨Know Your Stuff
Make sure you brush up on your knowledge of property development finance and secured lending principles. Familiarise yourself with the specific processes involved in managing loan accounts, as well as the role of third parties like solicitors and surveyors.
✨Showcase Your Experience
Prepare to discuss your previous experience in banking or lending operations. Be ready to provide examples of how you've effectively managed relationships with third-party professionals and how you've handled complex loan scenarios.
✨Be Detail-Oriented
Since this role involves maintaining accurate loan records and ensuring data integrity, highlight your attention to detail. You might want to share specific instances where your meticulousness made a difference in your previous roles.
✨Ask Smart Questions
Prepare thoughtful questions about the company’s approach to loan administration and their expectations for the role. This shows your genuine interest and helps you understand how you can contribute to the team’s success.
