At a Glance
- Tasks: Join us as a Credit Manager to oversee loan documentation and manage our growing portfolio.
- Company: Clearwell Capital is a boutique finance house focused on funding UK property developers.
- Benefits: Work in a dynamic environment with opportunities for professional growth and development.
- Why this job: Be part of a team that supports real estate innovation while enhancing your finance skills.
- Qualifications: 5+ years in property development finance and experience with bilateral loans required.
- Other info: This role is office-based in Central London; cover note detailing experience is needed.
The predicted salary is between 43200 - 72000 £ per year.
Position Description : Credit Manger
A dynamic individual is required for a growing Development Finance business based in Central London to assist with the due diligence, administration and management of its expanding senior loan portfolio.
Company: Clearwell Capital is a boutique finance house, specializing in the provision of funding to experienced SME property developers in the UK Real Estate Market. In anticipation of the company completing a new funding line in Q1 25, we are looking to grow the team to facilitate new higher lending levels
Reports to: Head of Credit
Responsibilities to include:
· Operational review of relevant loan documentation
· Preparation of loan offer letters, instruction letters to the Company’s lawyers, valuers and Monitoring Surveyors
· Co-ordinating with the HoC regarding operational aspects of the closing process of all newly approved loans (e.g. due diligence, drawdowns, fees, conditions precedent and conditions subsequent)
· Ensuring that key loan information has been set up correctly on our software
· Prepare account/file maintenance process, including KYC verification, anti-money laundering collation and arranging files for credit review
· Monitoring of loans and key covenants as stated within the facility agreements
· Monthly review and update of loans on software system as QS reports are received, preparing payments against QS certificates as required for review with the ability to identify and escalate anything that appears of concern that is detailed within the reports
· Preparation of monthly statements and redemption statements for review
· Write and present credit applications for extension and amendment of existing loan terms
· Ensuring adherence to current policies and procedures and that company guidelines are accurately adopted
Skills/Experience:
· must have 5+ years experience within property development finance
· Previous experience of setting up bilateral loans in appropriate software packages – especially in connection with UK property development loans.
· Strong attention to detail
· Confident in using Excel
· Must be confident in working as part of a small team
· Can provide guidance to less experienced candidates that show a keen desire to learn and grow in this sector
This role is office based in London
Please provide a cover note detailing your experience of dealing with development finance loans.
Credit Manager employer: Clearwell Capital
Contact Detail:
Clearwell Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Manager
✨Tip Number 1
Familiarize yourself with the specific software packages used in property development finance. Since the role requires setting up bilateral loans in these systems, having hands-on experience or knowledge about them will give you a significant edge.
✨Tip Number 2
Network with professionals in the UK real estate market. Attend industry events or join relevant online forums to connect with others who work in development finance. This can help you gain insights and potentially get referrals.
✨Tip Number 3
Brush up on your Excel skills, especially in relation to financial modeling and data analysis. Being confident in using Excel is crucial for monitoring loans and preparing financial statements, so consider taking an advanced course if needed.
✨Tip Number 4
Prepare to discuss your experience with KYC verification and anti-money laundering processes. These are key responsibilities in the role, and demonstrating your understanding of these areas will show that you're ready to hit the ground running.
We think you need these skills to ace Credit Manager
Some tips for your application 🫡
Tailor Your Cover Note: Make sure to write a cover note that specifically highlights your experience with development finance loans. Use examples from your past roles to demonstrate your expertise and how it aligns with the responsibilities listed in the job description.
Highlight Relevant Experience: In your CV, emphasize your 5+ years of experience within property development finance. Detail any specific projects or roles where you set up bilateral loans or managed loan portfolios, as this will show your suitability for the position.
Showcase Technical Skills: Since the role requires strong Excel skills and familiarity with software packages for loan management, mention any relevant tools or software you have used in your previous positions. This will demonstrate your technical proficiency.
Demonstrate Team Collaboration: The job emphasizes working as part of a small team. Include examples in your application that showcase your ability to collaborate effectively with others, especially in high-pressure situations or during complex projects.
How to prepare for a job interview at Clearwell Capital
✨Know Your Loan Documentation
Make sure you are familiar with the types of loan documentation relevant to property development finance. Be prepared to discuss your experience with operational reviews and how you ensure accuracy in loan offer letters and other related documents.
✨Demonstrate Your Software Skills
Since the role requires setting up bilateral loans in software packages, be ready to talk about your experience with these tools. Highlight any specific software you've used and how it has helped you manage loan portfolios effectively.
✨Showcase Your Attention to Detail
Attention to detail is crucial in this role. Prepare examples from your past work where your meticulousness made a difference, especially in monitoring loans and ensuring compliance with facility agreements.
✨Teamwork and Leadership
This position involves working closely with a small team and guiding less experienced colleagues. Share instances where you've successfully collaborated with others and how you've mentored or supported team members in their professional growth.