At a Glance
- Tasks: Drive lending growth by managing relationships and achieving targets in bridging finance.
- Company: Respected lender in the UK real estate market with a strong track record.
- Benefits: Competitive salary up to £90k, bonus structure, and opportunities for six-figure earnings.
- Other info: Fast-paced environment with excellent career progression opportunities.
- Why this job: Join a dynamic team and make a significant impact in the finance sector.
- Qualifications: Proven experience in business development within bridging or development finance.
The predicted salary is between 90000 - 90000 £ per year.
City + Capital are currently representing a respected bridging and development finance lender who have retained our services to appoint an experienced and well-connected Business Development Manager or Senior Business Development Manager to their growing team.
The Company
Our client has been operating with great success in the short-term UK real estate lending markets for over a decade. Today they offer commercial and residential bridging and development finance to support property investors and developers with access to important funds for key projects. Lending between c£100k - £20m per loan, our client’s success has been built on quick deal execution, flexible underwriting, product diversity and adapting to the times and needs of the market. Well-funded, they are keen for further growth, and this appointment will be integral to that.
Role Overview
As Senior BDM/BDM, you will ultimately be responsible for achieving lending targets that are agreed. You will strategically manage your diary of appointments and activity to balance the build and growth of broker/developer relationships, the identification and onboarding of loan enquiries that suit appetite and the management of the loan pipeline to completion. To achieve this, you will also play a key role in managing internal relationships with other external stakeholders in the lending cycle, such as underwriting and compliance specialists. You will be expected to know ‘what a good deal’ looks like and will act as first line of defence to ensure deals onboarded are aligned to the lender’s appetite.
Responsibilities
- Devise and implement your strategy for achieving lending targets agreed
- Identify and onboard new borrowers or brokers that you can support
- Grow relationships with brokers and borrowers to increase lending volumes
- Identify and onboard lending applications for loans that meet the lenders criteria
- Undertake initial assessments on loan viability at the point of application
- Liaise closely with internal and external loan stakeholders to achieve timely completions
- Host events for brokers and clients and attend industry events
- Achieve agreed lending objectives
The ideal candidate for this role must be an experienced BDM or Senior BDM with a demonstrable track record of achieving lending targets within the bridging finance sector. It is expected that you will already be well connected with bridging and development finance brokers and/or borrowers and will have an excellent understanding of ‘what makes a good deal.’ You will be highly proactive in your approach and driven to achieve lending targets, with a strong capacity to manage your loan pipeline to timely completion.
Candidate Requirements
- Current or previous experience as a BDM or RM/RD/LD within bridging/development
- Highly connected to brokers, developers and investors to achieve originations
- Experienced in deal assessment and assessing viability for bridging/development loans
- A demonstrable track record of achieving lending targets and objectives
- Results driven and proactive in approach
- Outstanding negotiation and communication skills
- Ambitious and keen to grow with the firm
On Offer
Our client is ideally looking to pay up to £90k as a basic salary for the ideal individual, relevant to experience. Higher offers may also be considered for exceptional talent. Salary will be complemented by access to our client’s bonus structure that will reward you for the loans you successfully complete. This will drive a strong six-figure OTE, with the capacity to increase this substantially for overperformance against agreed lending targets.
Next Steps
There is a reasonable amount of urgency to fill this position in line with objectives. Due to the nature of the role and 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.
The City + Capital Team
Senior Business Development Manager employer: City + Capital
Contact Detail:
City + Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Business Development Manager
✨Network Like a Pro
Get out there and connect with brokers, developers, and investors. Attend industry events and host your own to build relationships. The more people you know, the easier it’ll be to identify and onboard new borrowers.
✨Showcase Your Expertise
When you meet potential clients or partners, don’t just talk about what you do—show them you know 'what a good deal' looks like. Share insights on deal viability and market trends to establish yourself as a trusted advisor.
✨Stay Organised
Manage your diary effectively to balance appointments and follow-ups. Keeping track of your loan pipeline is crucial for timely completions, so use tools that help you stay on top of your tasks and deadlines.
✨Apply Through Our Website
If this role sounds like a fit for you, don’t hesitate! Apply through our website to get your application in front of the right people quickly. We’re excited to see what you can bring to the team!
We think you need these skills to ace Senior Business Development Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Business Development Manager role. Highlight your experience in bridging and development finance, and showcase your track record of achieving lending targets. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your connections in the industry and your proactive approach to managing loan pipelines. Let us know what makes you stand out!
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your results-driven mindset. Include metrics where possible, like the volume of loans you've successfully completed or the growth in broker relationships you've fostered. Numbers speak volumes!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. We can't wait to see what you bring to the table!
How to prepare for a job interview at City + Capital
✨Know Your Numbers
Before the interview, brush up on your understanding of lending targets and deal assessments. Be ready to discuss specific examples of how you've achieved targets in the past, as well as what you consider a 'good deal' in bridging finance.
✨Network Like a Pro
Since this role requires strong connections with brokers and developers, make sure to highlight your existing relationships during the interview. Share stories about how these connections have helped you close deals or grow your pipeline.
✨Showcase Your Strategy
Prepare to discuss your approach to managing your diary and balancing broker relationships with loan applications. Outline a clear strategy for achieving lending targets that aligns with the company's goals, demonstrating your proactive mindset.
✨Engage with Stakeholders
Emphasise your experience in liaising with internal and external stakeholders. Be ready to provide examples of how you've successfully collaborated with underwriting and compliance teams to ensure timely completions of loans.