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- Tasks: Manage a portfolio of development finance loans and ensure project success.
- Company: A leading challenger bank in the real estate development finance market.
- Benefits: Competitive salary up to £75k, bonus scheme, and strong career progression.
- Why this job: Join a growing team and make a real impact on exciting development projects.
- Qualifications: Experience in development finance and strong relationship-building skills required.
- Other info: Great opportunities for career advancement within a supportive environment.
The predicted salary is between 60000 - 84000 £ per year.
City + Capital are currently representing a highly respected challenger bank who are actively seeking to appoint an experienced & knowledgeable Development Finance Portfolio Manager to their flagship development finance division.
The Company
Our client is a leading name in the real estate development finance market with a demonstrable track record of success in terms of supporting developers and SME businesses in obtaining the funds they require for commercial and residential developments. The bank has achieved substantial growth in recent years with development funding at the heart of their strategy and future growth plans. They have designs to considerably increase the development loan book further, making this an important hire at an exciting time. This hire forms part of a broader hiring plan for the bank and the development finance team in line with objectives.
Role Overview
As Portfolio Manager within the Development Finance team, you will play a key role in the ongoing management and performance of a portfolio of live development finance facilities. Working closely with Lending Directors, Relationship Managers, Credit and external professional partners, you will provide hands on portfolio oversight, ensuring projects progress in line with approved budgets, timelines and strategies. The role is heavily focused on proactive risk identification, strong credit stewardship and effective relationship management where you may be required to assist borrowers with new lending facilities, deal restructuring and refinancing opportunities. You will undertake regular site visits alongside Quantity Surveyors, review cashflows and variances, monitor construction progress and unit sales, and produce high quality portfolio reporting for senior stakeholders and committees. This role is well suited to an individual with strong development finance experience who enjoys being close to live projects and playing a critical role in successful delivery.
Responsibilities
- Oversee and manage a portfolio of live development finance loans, ensuring performance in line with approved terms
- Monitor build progress, budgets, timelines, loan expiries, interest tranches and unit sales
- Conduct regular site visits and liaise with borrowers, Quantity Surveyors and construction teams
- Review cashflows and variances, identifying risks relating to delays, cost overruns or sales performance
- Complete monthly portfolio analysis including time delays and cost overrun reporting
- Prepare portfolio updates, credit papers and restructuring recommendations where required
- Maintain accurate portfolio records and systems, producing high quality reporting for Committees and reviews
- Work closely with Lending Directors, Relationship Managers and Credit teams to support portfolio performance
- Contribute to portfolio strategy, borrower retention initiatives and improvements to systems and reporting
The ideal candidate for this role must be highly experienced in ground-up development finance lending with excellent relationship building skills. You will have a solid understanding of what a good development deal looks like, underpinned by excellent credit risk principles.
Candidate Requirements
- Current or previous experience within development finance or property lending
- Strong understanding of residential development finance and credit risk principles
- Experience managing live development loans post completion
- Comfortable conducting site visits and engaging with borrowers and professional partners
- Strong analytical skills with excellent attention to detail
- Confident communicator, able to work collaboratively across internal and external stakeholders
- Good awareness of UK property market trends
On Offer
Our client is ideally looking to pay up to c£75k as a basic salary for the ideal individual, relevant to experience. Higher offers may also be considered for exceptional development finance portfolio management experience. Salary will be complemented by access to our client’s fantastic bonus scheme too, which will allow you to significantly increase your earnings, based on performance. Notably, our client is in growth and operate a very strong and proven promote from within policy. Throughout the team there are numerous examples of those that have propelled career standing & salary forward within, as excellent performance has been delivered. This is often to more senior roles, such as leadership or Lending Director. Therefore, this is much more of a career opportunity, rather than just ‘another job.’
Next Steps
There is a reasonable amount of urgency to fill this position in line with objectives. Due to the nature of the role & opportunity, you do not expect it to be on the market for long! If this role does sound like one that you are both qualified for and interested in, then we look forward to your application as soon as possible. Once we have reviewed your application we will be in touch with an update. We look forward to hearing from you.
Development Finance Portfolio Manager in Manchester employer: City + Capital
Contact Detail:
City + Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Finance Portfolio Manager in Manchester
✨Tip Number 1
Network like a pro! Reach out to your contacts in the development finance sector and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on a role that’s not even advertised yet.
✨Tip Number 2
Get your face out there! Attend industry events, seminars, or webinars related to development finance. Engaging with others in the field can lead to valuable connections and potential job leads.
✨Tip Number 3
Show off your expertise! Consider writing articles or sharing insights on platforms like LinkedIn about trends in development finance. This not only showcases your knowledge but also gets you noticed by potential employers.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got some fantastic roles waiting for talented individuals like you. Plus, it’s a great way to ensure your application gets the attention it deserves.
We think you need these skills to ace Development Finance Portfolio Manager in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Development Finance Portfolio Manager role. Highlight your relevant experience in development finance and property lending, showcasing your understanding of credit risk principles and relationship management.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your past successes in managing development finance portfolios and how you’ve contributed to project success.
Showcase Your Analytical Skills: Since the role requires strong analytical skills, be sure to mention any experience you have with portfolio analysis, cashflow reviews, and risk identification. We want to see how you can add value to our team!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at City + Capital
✨Know Your Numbers
As a Development Finance Portfolio Manager, you'll need to be on top of financial metrics. Brush up on key performance indicators related to development finance, such as loan-to-value ratios and cash flow analysis. Being able to discuss these confidently will show your expertise.
✨Showcase Your Relationship Skills
This role is all about managing relationships with borrowers and stakeholders. Prepare examples of how you've successfully built and maintained professional relationships in the past. Highlight any specific instances where your communication skills made a difference in project outcomes.
✨Understand the Market Trends
Familiarise yourself with current trends in the UK property market. Be ready to discuss how these trends could impact development finance. Showing that you’re informed about the market will demonstrate your commitment and insight into the role.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, especially around risk management and project delays. Think of scenarios from your past experience where you identified risks and implemented solutions. This will showcase your analytical skills and proactive approach.