Senior Loan Administrator - Property Development
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| Job Type | Permanent |
| Area | West End, UK |
| Sector | BankingCredit |
| Salary | £48,000 - £54,000 |
| Currency | GBP |
| Start Date | |
| Job Ref | VAC-12579 |
| Job Views | 30 |
- Description
- Due to recent, rapid expansion central London-based banking group specialising property finance is strengthening it’s Loan Operation Team with the addition of a Senior Loans Administrator with solid experience of property / development loans. You will be responsible for managing the initial due diligence and supporting controls required for property finance transactions to ensure that the bank’s position is protection.
Duties to include:
- Agreeing security release procedures for loans in conjunction with the loan executive.
- Preparing for execution all security documentation and release documents.
- Deal with all Know Your Customer and other regulatory requirements
- Instruct professionals (Solicitors, Valuers and Project monitoring Surveyors) and interpret reports dealing with any matters arising
- Deal with the loan arrangements and ensure each deal is in line with credits expectation
- Manage drawdown and completion of the bank’s security
- Opening new loan accounts on the systems and dealing with increases and changes in conjunction with Credit Committee approvals Lender
- Verifying stage payment certificates and drawing up stage payments for approval and payment.
- Preparing and posting credits, debits and fees received
- Monitoring loan arrears and advising Directors where appropriate.
- Maintain accurate data systems – cashflow, internal reports
- Preparing loan redemption statements and checking statements prepared by others.
- Inputting details regarding insurance records and ensuring that up to date records both computer and paper are maintained.
- Deal with all technical matters until repayment
The Senior Loan Administrator will have at 5-8 years’ experience of similar property development transactions covering:
- The preparation of lending documentation and subsequent administration to drawdown including liaison with clients and third party advisors is essential.
- Loans administration
- Liaising with solicitors to ensure detailed understanding of all and any impact to the lenders, financial or otherwise
- The production of redemption statements and loan statements
- The production of instruction letters to appropriate professionals in respect of land and building valuations is desirable.
- The production and recording of information in relation to credit proposals, security records, offer letters and money laundering forms is desirable.
In addition to the above you will demonstrate a good knowledge of AML/KYC requirements, strong analytical skills and good attention to detail.
This vacancy is being advertised by Montpellier Resourcing Limited. The services advertised by Montpellier Resourcing Limited are those of an Employment Agency.