At a Glance
- Tasks: Manage loans and collaborate with legal teams in a dynamic environment.
- Company: Join a respected, high-growth organisation in Central London.
- Benefits: Enjoy a hybrid work model with 3 days in the office and 2 days remote.
- Why this job: Gain valuable experience in real estate finance while thriving in a supportive team culture.
- Qualifications: Minimum 2 years' experience in loan servicing and strong Excel skills required.
- Other info: Perfect for detail-oriented individuals who excel under pressure.
The predicted salary is between 36000 - 60000 £ per year.
A well respected, high-growth organisation based in Central London is looking for a highly motivated and resourceful Associate to join their Credit Administration team. The successful candidate will have experience in loan agency, preferably within the European commercial real estate finance sector, alongside strong Excel capability. Knowledge of securitised products, particularly in relation to the role of the servicer in CMBS and CLO transactions, is beneficial but not essential. This is a hybrid role - 3 days in the office, 2 days from home.
Responsibilities
- Manage a portfolio of syndicated and bilateral UK and European commercial real estate investment and development loans.
- Work closely with Legal and, where necessary, external counsel, reviewing relevant finance documents prior to loan closing and through the life of the loan.
- Create financial models, diarise conditions subsequent, construction milestones and any other significant events, including the provision of borrower reporting, in-line with the relevant finance documents.
- Liaise with borrowers and their representatives in relation to ensuring reporting and other information required under the relevant finance documents are provided in a timely manner.
- Coordinate with lenders, borrowers and their respective lawyers in respect to loan redemptions, restructuring, amendments, waivers and other ad-hoc requests.
- Process transfers, set up waterfalls and review back-office calculations.
- Liaise with project monitors, borrowers and lenders with regard to drawdowns and calculating lender splits, if required.
- Instruct valuations.
The candidate must be capable of working independently, be able to work to tight deadlines, be exceptionally detail orientated and able to prioritise their work flows accordingly.
Skills & Experience
- Minimum 2 years’ loan servicing experience in finance, real estate or a related field.
- Solid analytical skills with interim to advanced level ability of Excel.
- Strong organisational and communication skills and must work well within a team.
- Have the personality and resilience to thrive in a fast moving and pressurised environment and be driven/determined to see tasks through to completion.
- The ability to multi-task and meet deadlines.
The right candidate will enjoy a supportive environment and gain valuable experience, further expanding their knowledge and career in the Real Estate Finance sector.
If this sounds interesting and you feel you’re a good match please send in your CV for immediate review to matt@auricoe.com.
Contact Detail:
auricoe Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate, Loan Agency
✨Tip Number 1
Familiarise yourself with the European commercial real estate finance sector. Understanding the nuances of this market will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your Excel skills, especially in financial modelling. Being able to showcase your proficiency in Excel during discussions can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the loan agency and real estate finance sectors. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the role.
✨Tip Number 4
Prepare to discuss your experience with loan servicing and any relevant projects you've worked on. Be ready to provide examples that highlight your organisational skills and ability to work under pressure.
We think you need these skills to ace Associate, Loan Agency
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in loan servicing and any relevant skills, particularly your Excel capabilities. Emphasise your familiarity with commercial real estate finance to align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation for the role and your understanding of the responsibilities. Mention specific experiences that demonstrate your ability to manage loans and work under pressure.
Highlight Relevant Experience: In your application, focus on your previous roles related to loan agency or real estate finance. Provide examples of how you've successfully managed portfolios or liaised with borrowers and lenders.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at auricoe
✨Showcase Your Loan Agency Experience
Make sure to highlight your previous experience in loan agency, especially within the European commercial real estate finance sector. Be prepared to discuss specific projects you've worked on and how they relate to the responsibilities of the role.
✨Demonstrate Excel Proficiency
Since strong Excel capability is crucial for this position, be ready to discuss your experience with financial modelling and data analysis. You might even want to mention any specific functions or tools you are comfortable using.
✨Prepare for Technical Questions
Expect questions related to securitised products and the role of servicers in CMBS and CLO transactions. Even if this knowledge isn't essential, showing that you have a basic understanding can set you apart from other candidates.
✨Emphasise Your Organisational Skills
Given the need to manage multiple tasks and tight deadlines, be ready to provide examples of how you've successfully prioritised your workload in the past. This will demonstrate your ability to thrive in a fast-paced environment.