Portfolio Manager - Development Finance

My client is an established Non-Bank Lender who provides Development Finance and Bridging Loans up to £10m.

Overview:

We are looking for an experienced (5+ years) real estate credit professional / portfolio manager to join our high performing team. Our new team member will be responsible for transaction execution and portfolio management of UK development finance and bridging loans.

Responsibilities:

TRANSACTION EXECUTION.

Working with lenders on the full deal lifecycle including:

• providing insight and input on the creditworthiness of potential development finance and bridging loans;
• preparing and presenting credit papers to the Credit Committee;
• instructing and managing professionals (valuers, IMS/QS and solicitors);
• preparing and reviewing key legal documents (offer letters, facility agreements, security documents);
• driving transactions to completion (including actively managing comprehensive checklist); and
• management of the closing process.

PORTFOLIO MANAGEMENT.

For the existing book of development finance and bridging loans including:

• managing day-to-day loan processes (including drawdowns, sales and build cost ledgers);
• negotiating and arranging repayment and extensions directly with borrowers;
• working on recoveries (if required); and ensuring that loan records are accurately and comprehensively entered into the firm’s systems

What you will Bring:

• 5+ years of underwriting or lending experience within development finance (ideally mid-market).
• development finance and bridging transaction execution;
• loan covenant monitoring;
• managing extensions; and
• recoveries.
• Excellent attention to detail.

Salary: up to £80k (depending on experience)

Location: London (hybrid working)