Job Description
ABOUT THE DEPARTMENT
Our Development Finance division offers creative and customised financing solutions to experienced property professionals across the UK. The team is highly experienced, has a passion for property and understands the market in all its intricacies.
We are focused on building long-term business relationships. We believe that SME housebuilders need to work with a bank that employs experts with specialist knowledge of specific locations and markets. We work in partnership with SME housebuilders, lending our expertise as well as finance.
ACCOUNTABILITIES and KEY RESULT AREAS
- Ensuring strong credit stewardship is maintained including monitoring loan expiries, interest tranche depletion, construction milestones, sale milestones etc.
- Liaising with and supporting the LD’s, RM’s and CM’s to ensure timely identification of potentially problematic loans
- Recommending appropriate loan restructurings where appropriate and preparing amendment credit papers and credit memos for EML cases in conjunction with the LD / RM Site inspections to assess progress of development projects in terms of budget, schedule, quality, significant changes and sales/marketing progress.
- Liaising with Quantity Surveyors, other professionals, borrowers and construction teams as appropriate
- Monthly Time Delays & Cost Overrun analysis to identify common issues at early stage
- Cash flow analysis against original credit approved cashflow to identify material variances at a book level
- Smooth implementation of processes and procedures for new credit policies
- Monitoring of Unit sales including early identification of slow sales pace and/or undervalue sales
- Keeping accurate records, maintaining portfolio monitoring systems and preparing regular portfolio reports/reviews for presentation to Committee
- Input into periodic departmental portfolio overview and the annual Credit Risk review of the DF portfolio.
- To approve advance payments / Materials on Site etc in accordance with delegated authorities
- Input into the development of Keystone and the reporting from the system (including if appropriate Tableau development)
- Work with LDs to develop individual retention plans supporting repeat and new business.
STAKEHOLDERS AND WORKING RELATIONSHIPS
Primary Internal Stakeholders & Relationships:
- MD, Development Finance
- DF Lending Directors
- DF Relationship Managers
- Credit/Risk Team
- 2nd line of defence Risk & Compliance Team
Key External Stakeholders:
- Customers/Borrowers
- Monitoring Surveyors
- Valuers, Lawyers & other external professionals
PROFESSIONAL EXPERIENCE AND ATTRIBUTES
Qualifications and experience
You must have:
- Good level of experience in property lending/development finance within a banking or professional property services environment
- Proven track record of developing strong relationships with borrowers, brokers and other professional partners
Competencies and Attributes
You must have:
- Strong analytical skills
- Understanding of residential property development finance
- A general understanding of building construction (preferable but not essential)
- Strong understanding and appreciation of the current UK property market conditions and trends
- Strong attention to detail
- Ability to travel nationally
- High level of communication skills
It would be beneficial if you had the following:
- Experience with the following banking tools: Phoebus, Keystone and Tableau.
RISK MANAGEMENT RESPONSIBILITIES
To deliver good customer outcomes and demonstrate behaviours that will positively impact customers. Proactively champion fair customer outcomes for all customers. To understand the Bank’s Risk Management Framework, and comply with the frameworks, policies and operating procedures which support it as they apply to your role and the work you carry out. Identify and escalate risks in an appropriate and timely manner.
Lines of defence
1st line: Functions that manage their own risk. 2nd line: Risk & Compliance. 3rd line: Internal Audit
Portfolio Manager - eFinancialCareers in London employer: eFinancialCareers
As a Portfolio Manager in our Development Finance division, you will join a passionate team dedicated to providing tailored financing solutions to SME housebuilders across the UK. We pride ourselves on fostering a collaborative work culture that values expertise and long-term relationships, offering ample opportunities for professional growth and development. With a focus on innovation and a commitment to supporting our clients, we provide a dynamic environment where your contributions will make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Manager - eFinancialCareers in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like eFinancialCareers. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from eFinancialCareers.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like eFinancialCareers. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in eFinancialCareers and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show eFinancialCareers how you can be a team player!
How to prepare for a job interview at eFinancialCareers
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with eFinancialCareers.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with eFinancialCareers's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
