At a Glance
- Tasks: Approve loans and ensure thorough due diligence for development finance projects.
- Company: Boutique, non-bank lender focused on Development Finance and Investment Loans.
- Benefits: Competitive salary, professional growth, and a dynamic work environment.
- Other info: Fast-paced role with opportunities to present to key stakeholders.
- Why this job: Join a team making impactful financial decisions in the development sector.
- Qualifications: Experience in underwriting residential development finance loans and strong analytical skills.
The predicted salary is between 80000 - 100000 £ per year.
My client is a boutique, non-bank lender who provides Development Finance and Investment Loans.
The successful candidate will be responsible for approving the loan before they present the written credit paper to the credit committee and proceed to close the loan once CP’s are concluded and identified risks adequately mitigated. Taking responsibility for the due diligence process relating to each allocated loan (with a focus on development finance lending).
Responsibilities
- Review and sign-off of initial loan pack produced by Loan Originator (prior to presentation to credit committee), including:
- Review of Heads of Terms
- Review of Initial Q.S. Report
- Review of Valuation Report
- Review of Credit Reports and A&L Statements
- Review of Borrower Track Record
- Review of Development Appraisal (analysing build costs, values, plans, local market liquidity etc.)
- Review of Originator’s Loan Memorandum
- Detailed review and analysis of the Company's Solicitors’ report on title to be able to advise the business on such matters as:
- Agreements affecting the property searches (inc. date undertaken, issues raised, indemnity availability etc.)
- Planning (inc. relevant dates, development permitted, conditions etc)
- S106 and CIL Lease reviews (if applicable)
- Rights of Light Insurances
- A solid understanding of these requirements within residential development is essential for the role
- CP Check-list management
- Working with the Company's Solicitors to:
- Draft Robust and Correct Security Documents
- Determine Conditions Precedent and Subsequent Requirements
- Presenting to the credit committee and key stakeholders
- Meeting agreed company targets for credit worthiness and defaults
- Adhering to all compliance needs within the business
What you will Bring:
- Attention to detail is absolutely vital
- Must have experience in underwriting residential development finance loans between £2m - £50m.
- Must have an excellent understanding of those key areas they are required to review i.e. title and borrower reports, planning/S106, valuation, IMS reports and insurances
- Ability to work under demanding deadlines
- Must be analytical and good with numbers
- A highly skilled communicator with superior written and presentation skills
Associate Director (Credit Risk & Transaction Execution) - Development Finance employer: Buckden Partners
Buckden Partners is an exceptional employer that fosters a dynamic and collaborative work culture, where innovation and growth are at the forefront. Located in the vibrant city of London, employees benefit from a competitive salary, performance bonuses, and a comprehensive benefits package, alongside ample opportunities for professional development and networking within the thriving financial sector. Join us to be part of a forward-thinking team dedicated to driving success in Asset Based Lending.
