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For Companies At a Glance
- Tasks: Manage credit processes, from appraisal to loan management, ensuring zero defaults.
- Company: Join a leading non-bank lender specialising in development and bridging finance.
- Benefits: Enjoy a competitive salary up to £85k plus bonuses in a dynamic work environment.
- Why this job: Be part of a collaborative team making impactful financial decisions in real estate.
- Qualifications: 5+ years in credit risk within real estate lending; strong communication and analytical skills required.
- Other info: Position based in the vibrant West End, full-time role with opportunities for professional growth.
The predicted salary is between 51000 - 119000 £ per year.
Job Description
My client is a non-bank lender who provides development finance and bridging finance.
Overview
As part of the Credit Team, this role will be critical in the appraisal, underwriting and ongoing management of loans. The position will have full ownership of the entire Credit Management process for an allocated portfolio, ensuring effective collaboration with the Origination Team, Credit Committee, clients and external advisors to take loans from initial enquiry through to redemption.
Responsibilities
Strategic Orientation:
- Provide the Head of Credit Risk and Credit Committee with independent expert advice on credit risk matters
- Provide sound commercial reasoning and judgement to Committee members, confidently answering technical and commercial queries and providing experience-based insight
- Responsible for ensuring the company adheres to its policies and processes and achieves “Best in Class” standards of underwriting, loan monitoring and loan management
- Work with originators, analysts and Head of Lending to ensure credit papers include appropriate risk assessment and risk mitigants
- Ensure the portfolio is managed proactively and rigorously with the aim of zero loan defaults
- Take responsibility for projects relating to Credit Risk Management, helping to improve efficiencies and the credit decision making process
- As part of the Credit Team, contribute to the development of and ongoing improvements to Origination and Portfolio Management processes and procedures, Credit Risk Management Information and reporting, and Portfolio Reporting
- Undertake ad-hoc tasks and projects as requested by the Head of Credit Risk and/or the CEO
Loan Origination:
- Work with originators and analysts to ensure credit papers are consistent and thorough and present high-quality analysis of lending opportunities
- Review allocated appetite papers presented by the Lending Team and provide input to discussions and decisions
- Review allocated credit backing papers presented by the Lending Team, providing analysis, constructive challenge, feedback and input to the decision making process/forum, including suggestions for alternative terms, conditions and areas of focus for due diligence for example
- Review allocated final credit proposals (including valuation reports and monitoring surveyor reports where applicable), providing input and recommendations to Credit Committee
- Prepare clear, concise minutes reflecting Credit Backing forum and Credit Committee discussions and decisions/outcomes
- Support the analysts and originators through the borrower and loan due diligence process and act as final sign-off on legal due diligence, facility and security documentation, supplementary documentation such as collateral warranties and insurances, and ensuring all KYC requirements are in place for sign-off by the MLRO
Loan Management:
- Responsible for the monitoring and management of allocated Development and Refurbishment facilities in conjunction with the borrower and associated professionals, including monthly site visits and compliance with facility conditions, covenants and milestones
- Responsibility for and management of interim drawdowns, ensuring compliance with conditions precedent in conjunction with the analyst/originator where necessary
- Ensure all requests and payments for interim drawdowns are managed diligently and satisfactorily, including (not exhaustive):
o Review of Project Monitoring Surveyors reports
o Assessment of requested drawdowns against facility terms and expectations
o Recommendations on pre-payment requests and usage of contingencies
o Follow up of any outstanding matters (e.g. insurances)
o Administration of project cash flow, disbursement of funds and obtaining relevant sign offs/approvals
- Responsible for the monitoring and management of allocated Bridging facilities, including liaising with the borrower and associated professionals such as Sales Agents, to ensure compliance with any conditions, covenants and milestones and the timely repayment of facilities
Loan and Portfolio Monitoring:
- As a member of the Credit Team (and in conjunction with Originators where appropriate):
o Manage and control monthly Loan Monitoring Reports and presentation of reports to the Senior Management Team and Credit Committee
o Monitor and flag early warning signs of deteriorating customer credit profiles
o Monitor loan maturity dates, ensuring early engagement with Borrowers and avoiding past due facilities
o Manage the process for loan extensions or full internal refinance of facilities, including liaising with Borrowers and external professionals as required, proposals to Credit Committee for approval (including relevant terms and conditions), documentation and closing
o Manage Watch List and workout/restructuring cases in order to maximize recovery or remedy default
o Manage Credit Grading of the portfolio on a dynamic basis and report accordingly
Compliance:
- Adhere to both legal and regulatory requirements as necessary
What you will Bring
- Ideally 5+ years credit risk experience within a real estate lending environment
- Deep understanding of the UK residential property development finance market
- Ability to assume responsibility and accountability for decision making
- Strong communication skills, both written and verbal
- Strong interpersonal and influencing skills
- Able to work to tight deadlines and manage the expectations of others effectively
- Exceptional attention to detail, rigorous and methodical in their approach
- Proactive approach to credit risk management, monitoring and process enhancement
Salary: up to £85k (depending on experience plus bonus
Location: West End (full time)
Credit Manager - Development Finance employer: Buckden Partners
Contact Detail:
Buckden Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Manager - Development Finance
✨Tip Number 1
Network with professionals in the development finance sector. Attend industry events, webinars, or local meetups to connect with people who work in credit management or related fields. This can help you gain insights into the role and potentially get referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in the UK residential property development finance market. Being knowledgeable about current market conditions will not only boost your confidence but also demonstrate your commitment to the field during interviews.
✨Tip Number 3
Prepare for potential interview questions by practising your responses to common scenarios in credit risk management. Think of examples from your past experience that showcase your problem-solving skills and ability to manage loan portfolios effectively.
✨Tip Number 4
Showcase your attention to detail and analytical skills during discussions. Be ready to discuss how you've successfully managed credit risks in previous roles, as this will highlight your suitability for the Credit Manager position at StudySmarter.
We think you need these skills to ace Credit Manager - Development Finance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management, particularly within real estate lending. Use specific examples that demonstrate your understanding of the UK residential property development finance market.
Craft a Strong Cover Letter: In your cover letter, address how your skills align with the responsibilities outlined in the job description. Emphasise your strategic orientation and ability to provide expert advice on credit risk matters.
Showcase Communication Skills: Since strong communication skills are essential for this role, include examples in your application that demonstrate your ability to convey complex information clearly and effectively, both in writing and verbally.
Highlight Attention to Detail: Given the importance of meticulousness in credit management, provide examples of how you have successfully managed projects or tasks that required exceptional attention to detail and a methodical approach.
How to prepare for a job interview at Buckden Partners
✨Know Your Credit Risk Fundamentals
Make sure you have a solid understanding of credit risk management principles, especially in the context of development finance. Be prepared to discuss your experience with underwriting and loan monitoring, as well as how you've managed portfolios in the past.
✨Demonstrate Strategic Thinking
Showcase your ability to provide sound commercial reasoning and judgement. Prepare examples where you've successfully advised on credit risk matters or contributed to decision-making processes, highlighting your strategic orientation.
✨Prepare for Technical Questions
Expect technical queries related to credit papers and risk assessments. Brush up on your knowledge of valuation reports, due diligence processes, and KYC requirements, as these are likely to come up during the interview.
✨Highlight Your Communication Skills
Strong communication is key in this role. Be ready to demonstrate your written and verbal skills through clear explanations of your past experiences, particularly how you've influenced decisions and collaborated with teams.
