Head of Credit

KSEYE Group is an established bridging finance company specialising within the bridging and short-term lending markets. The company is experiencing an exciting growth period and is now keen to welcome an experienced Head of Bridging Underwriting to join the team.

Responsibilities

• Following the structural change within the Underwriting team, this is a new role to help establish a Credit function.
• The role will be a second line of defence for the underwriting of cases.
• The company currently has a credit committee; however, there is too much reliance on executive Directors. This role will focus on developing the credit committee and freeing up the time of the Executives Board.
• Holistic oversight of a medium sized Underwriting & Credit function, including the management of administrative functions (Loan Admin/Graduates, Case Managers, Underwriters and Managers).
• Lead regular team meetings to manage the pipeline effectively and attend the monthly sales meetings.
• As a senior member of the credit team, you will also be expected to add value to and influence the credit and risk committees and will take oversight of aspects such as loss event recording and reporting and root cause analysis feedback.
• Assist the business with ensuring that activity and loans are in line with the credit risk framework and ensure that changes to this framework are trained across key stakeholders within the business.
• Play a key role in the preparation of credit risk strategy papers and assist with the onboarding and implementation of new funding lines and products from a credit risk perspective.
• Plan and continuously develop robust procedures, policies and guidelines as well as products by studying market trends and competition.
• Propose developments and enhancements to the lending policy and ensure comprehensive up to date procedures/manuals are developed, evolved, documented and followed to ensure the business is developed in a controlled and measured way.
• Attend regular Senior Management meetings to ensure all departments work coherently together in all aspects of the company both pre and post completion.
• Review complex credit papers and provide guidance from a Credit perspective.
• Collate credit responses, suggest credit committee meetings where relevant and ensure all questions have been answered prior to completion.
• Make recommendations to the Credit Committee, ensuring loans are in line with the credit risk framework.
• Refer lending decisions on facilities of a minimum of £150,000 and a maximum of £75 million with service and speed being the key in this market while ensuring the interest of the company and the borrower is protected.
• Ensure that all files are detailed to show full rationale and thought process, sign off the file pre-completion and authorise completion statements for funds release.
• Maintain responsibility for the management of the valuation, monitoring surveyor and solicitor panels.
• Ensure efficient utilisation of multiple existing facilities both in terms of criteria, funding restrictions and profits.
• Deliver training and guidance to other colleagues on risk matters where appropriate.
• Regularly meet with Team Leader(s) to discuss staff progression, development, performance and salary benchmarking.
• Carry out regular performance reviews where required.

Education & Experience

• Previous experience as either ‘Head of’ or ‘Senior Manager’ for a Bridging finance department.
• Ability to manage, develop and grow a team of underwriters, case managers and graduates.
• In-depth industry knowledge, clear understanding and ability to capitalise on knowledge of competitors, market trends, standards and insights.
• Confident liaising with internal and external stakeholders.
• Previous experience of departmental budget management.
• Comfortable holding various staff reviews, i.e. probation, annual, performance, sickness etc.
• Ideally, educated to degree level within a relevant field.
• Holds up to date knowledge of all legislative changes, industry standards, competitors and compliance/regulatory guidance.

Company Benefits

• Private Medical Insurance [Vitality]
• Cycle to Work scheme
• Discretionary annual bonus
• Monthly team socials
• Summer & Winter Company socials
• Employee of the month rewards

KSEYE Group is an equal opportunities employer and is committed to ensuring that no applicant or employee receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements which cannot be shown to be justifiable.

Should you have any questions or require additional information, please contact careers@kseye.co.uk and a member of the team will be in touch in due course.