Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage credit quality for new loans and ensure compliance with company policies.
- Company: Reputable Challenger Bank focused on SME services.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Why this job: Join a forward-thinking bank and make impactful decisions in the financial sector.
- Qualifications: Experience in property development and strong decision-making skills required.
- Other info: Opportunity to enhance credit knowledge and grow within a supportive team.
The predicted salary is between 50000 - 65000 £ per year.
My client is a Challenger Bank, they have an excellent reputation with servicing the SME space. Products are Commercial Property and Unsecured.
Role Purpose
As a Credit Manager you will be responsible for maintaining the credit quality of new loans presented to the Company through the use of the Company’s Credit Models and Policies, so that lenders do not take undue risk with their capital. To be successful in this role, you will need extensive property development knowledge and experience.
Responsibilities
- Adhere to a Sanction Limit of up to £2,500,000, subject to our Company sanctioning matrix.
- Assist the Head of Credit in the development and recommendation of commercial loan objectives, policies and practices, establishing internal loan controls and written policies and procedures for Board approval.
- Ensure that all new Credit reports comply with the Company’s Credit Policies and guidelines.
- Report and provide recommendations to the Head of Credit on any exception to the above, via the response tracker.
- Advise the Head of Credit of concentration risks around new business opportunities presented to the Company.
- Identify policy, process and procedure shortcomings and recommend improvements.
- Keep abreast of current and competitive rates and activities, including regulatory issues, and incorporate such into all sanctioning decisions.
- Ensure day to day risk controls are adhered to.
- Conduct pre-application discussions with Relationship Directors to assess appetite.
- Ensure appropriate attendance and contribution at both Deal Forum and Borrower Review Forum.
- Ensure all pricing requests are responded to within agreed Service Level Agreements.
- Ensure that Sighting Papers presented by Relationship Directors are responded to with agreed Service Level Agreements and that they fully set out reasons for approval/decline or provide alternative terms/structures if appropriate.
- Respond to questions raised by lenders regarding loans via the website Q&A.
- Liaise with members of the Deal team on each specific new loan to ensure that new loans progress to drawdown in as timely a manner as possible.
- Check all new loan agreements to ensure they comply with sanction, in respect of conditions and covenants before they are released to borrowers' lawyers.
- Check that all Financial Conditions Precedent have been met prior to drawdown of new loans.
- Attend meetings of other departments within the Company as appropriate in order to promote and enhance credit knowledge within the Company overall.
- Retain post-deal monitoring responsibility for all development loans, undertaking ongoing tranche drawdowns, completing lender updates and updating phases on receipt of sales proceeds.
- Provide redemption figures and loan statements.
- Attend client meetings where appropriate.
- Provide training and support for all new relationship staff.
- Complete annual reviews / PDPs of direct reports in a timely manner if appropriate.
Skills/Knowledge
- Able to make informed decisions in respect of new deals presented to the Company.
- Have an awareness of the wider business and take a commercial approach.
- Strong and confident decision maker.
- Good communication skills both internal and external to the Credit Department.
- Awareness of how issues within the Credit Department affect the wider business.
- Good attention to detail and accuracy.
- Excellent organisational skills, taking personal responsibility for workflow.
- A good understanding of Microsoft Word and Excel.
- Educated to GCSE level or equivalent.
- Experience of working in an FCA (or similar) regulated environment.
- Experience of working in a similar role in the financial services sector.
- Excellent knowledge of loan, security and financial documents.
Credit Manager in Manchester employer: Fintellect Recruitment
Contact Detail:
Fintellect Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Manager in Manchester
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that perfect Credit Manager role!
✨Tip Number 2
Prepare for interviews by brushing up on your property development knowledge. Be ready to discuss how you can maintain credit quality and manage risks effectively. Show them you’re not just a candidate, but the right fit for their team!
✨Tip Number 3
Don’t forget to leverage our website! Apply directly through StudySmarter to streamline your application process. It’s quick, easy, and puts you in front of employers looking for candidates like you.
✨Tip Number 4
Follow up after interviews! A simple thank-you email can go a long way. Reiterate your interest in the role and mention something specific from the interview to keep you fresh in their minds.
We think you need these skills to ace Credit Manager in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Manager role. Highlight your experience in property development and any relevant financial services roles. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our Challenger Bank. Mention specific experiences that relate to the responsibilities listed in the job description.
Showcase Your Decision-Making Skills: In your application, emphasise your ability to make informed decisions. Share examples of how you've successfully navigated complex situations in previous roles, especially in credit or finance.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Fintellect Recruitment
✨Know Your Credit Models
Make sure you brush up on the company's credit models and policies before the interview. Understanding how they assess risk and what their sanctioning matrix looks like will show that you're serious about the role and ready to hit the ground running.
✨Showcase Your Property Development Knowledge
Since extensive property development knowledge is key for this position, prepare to discuss your past experiences in detail. Bring examples of how you've successfully managed loans in this area and be ready to explain your decision-making process.
✨Prepare for Scenario Questions
Expect scenario-based questions where you'll need to demonstrate your ability to make informed decisions under pressure. Think of specific situations from your previous roles where you had to assess risks or recommend improvements, and be ready to share those stories.
✨Communicate Clearly and Confidently
Good communication skills are essential for this role, so practice articulating your thoughts clearly. Whether it's discussing loan agreements or presenting to the Deal Forum, being able to convey your ideas confidently will set you apart from other candidates.