Job Description

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

Please use this link to see the fantastic benefits available at OSB: OSB Careers

About us

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.

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

Next steps

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.