Full-Time
Business Development Associate
Business Banking
Posted on 8/13/2025
OakNorth Bank
501-1,000 employees
Delivers tailored senior debt finance
No salary listed
London, UK + 1 more
More locations: Manchester, UK
In Person
 Business & Strategy (1) |
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- 1–3 years of experience in a Sales, Business Development Associate, or Sales Development Representative role (preferably in Fintech, B2B, or SaaS)
- Proven track record of meeting or exceeding sales development KPIs
- Comfortable with cold calling and confident engaging senior stakeholders, including decision-makers and founders
- Self-starter with the ability to work independently — this is the first hire into the team with plans for growth
- A start-up mindset: coachable, adaptable, proactive, and energized by a fast-paced, evolving environment
- Able to deliver high-quality work under pressure and within deadlines
- Comfortable using CRM and telephony systems; proficient in Microsoft Excel and PowerPoint
- An undergraduate degree or higher is preferred but not required
- Support the Business Banking commercial growth team, from origination to in-life management of OakNorth Business Banking customers
- Proactively acquire new business banking customers through a variety of channels including, outbound calls and emails, responding to inbound enquiries, inviting prospects and existing customers to exclusive events, and driving ongoing engagement and account management with businesses in the OakNorth ecosystem
- Work with the Marketing and Commercial teams to identify opportunities, structure data, build processes and automation to increase productivity and relevance to our ICP
- Contribute to ad-hoc duties and projects as determined from time to time by members of the management team
- Work cross functionally with other relevant business departments by communicating valuable customer feedback and keeping them informed of customer issues and successes
- Ensure ongoing development of commercial and customer service skills within the role
- An undergraduate degree or higher is preferred but not required
OakNorth provides tailored lending and savings services in the UK. It specializes in senior debt finance for ambitious businesses, including property developers and hospitality ventures, offering fast, flexible loans from small sums to tens of millions of pounds and can support management buyouts. Its products work by delivering loans in days or weeks rather than months, using data-driven underwriting and close collaboration with private equity firms, sponsors, and business owners. In addition to lending, OakNorth offers savings accounts to individuals, with customer deposits supporting local business expansion. The company differentiates itself through speed, customized debt structures, a focus on senior debt for ambitious growth, and a strong customer-delight mindset, aiming to help businesses scale quickly while fostering community impact. Its goal is to fuel business growth and community development in the UK by providing accessible capital and trusted savings options.
Company Size
501-1,000
Company Stage
Grant
Total Funding
$15.8M
Headquarters
London, United Kingdom
Founded
2015
Simplify's Take
What believers are saying
- US lending surpassed $1B in 2025, overtaking UK portfolio by mid-2027.
- £223M pre-tax profit in 2025 with £2.8B originations, 40% from US.
- Acquired Community Unity Bank in March 2025 to expand US operations.
What critics are saying
- Private credit giants Ares Management erode UK portfolio dominance within 12 months.
- US CRE loans face 20-30% valuation losses from office vacancies by 2027.
- UK FCA stricter capital rules force loan book contraction by mid-2027.
What makes OakNorth Bank unique
- OakNorth targets underserved $1m-$100m revenue businesses with data-driven lending.
- OakNorth delivers loans in days using analytics for lower mid-market segment.
- OakNorth maintains top 1% global credit metrics across economic cycles.
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Benefits
Flexible Work Hours
Paid Vacation
Parental Leave
Company Equity
Commuter Benefits
Company News
Total Capital backs MBO at Radiocoms. Posted on Wednesday, April 22, 2026 - 12:04 Radiocoms has completed a management buyout backed by Total Capital Partners, marking a key milestone for the company as it aims to accelerate growth and expand its capabilities in the comms sector. OakNorth provided the funding package to Radiocoms, to support Total Capital Partners' investment and enable Chief Executive Officer (CEO) Mark Blythe to lead a management buyout alongside a targeted buy-and-build strategy. Over the last FY 2025, the independent comms and security networks provider Radiocoms delivered strong growth, reaching £38.7m turnover and double-digit EBITDA margins and supported by continued investment in engineering and advanced integrated technologies. Total Capital Partners' investment will give the backing for a management buyout from the founding shareholders. The independent sponsor initially backed a plan to boost the growth of the business both organically and via acquisition, with a targeted buy-and-build strategy already in place and additional funding support committed to underpin this growth. This new investment will support Radiocoms' next phase of growth, including expanding its presence across defence and critical infrastructure markets, investing in new technologies, and executing its acquisition strategy. "From the outset, OakNorth demonstrated a deep understanding of our business and the dynamics of sponsor-backed transactions," Blythe said. "Their experience in supporting management buyouts, combined with their speed, flexibility and ability to deliver certainty of execution, made them a highly valued partner throughout the process." Image shows: Mark Blythe, Chief Executive Officer (CEO) at Radiocoms Related Topics
OakNorth has provided a £50 million revolving credit facility to CLS Holdings to support refinancing and asset management across its European property portfolio. The London-listed real estate investor owns office and commercial assets across the UK, Germany and France, with a portfolio valued at approximately £1.7 billion. The facility will refinance existing debt and fund ongoing investments including refurbishment, leasing activity and asset repositioning. CLS Holdings manages over 650 occupiers across 80 sites. Harry Stokes, Chief Financial Officer at CLS Holdings, said OakNorth demonstrated strong understanding of the business and delivered the solution quickly. The funding will support continued investment in high-quality, sustainable office space whilst maintaining disciplined capital allocation.
OakNorth Bank's US business lending operations will surpass its UK portfolio within a year, co-founder and CEO Rishi Khosla said at Semafor World Economy on Tuesday. The London-based bank, founded in 2015, targets businesses with annual revenues between $1 million and $100 million, a segment Khosla described as "fundamentally and structurally underserved". OakNorth expanded into the United States in 2023 and surpassed $1 billion in lending to American businesses last year. Khosla said the 2023 US banking crisis triggered the expansion, as the company sought to fill the gap left by banks focusing on larger clients.
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £28.5m loan to D2 PropCo, a specialist provider of short-term supportive housing across England and Wales.
Kinderzimmer secures loan from oaknorth for surrey nursery. * 30 March 2026 * Early Years You are unauthorized to view this page.