Senior Lending Manager in London

Introduction

£47,669 - £ 60,911 p.a (in addition a London Allowance of £4,550 p.a. is also payable)

Commercial is a key part of Nationwide's business. Commercial helps commercial customers buy and refinance property. And our work is tremendously varied. Our loans range from £1 million to £100 million plus, and cover everything from industrial property to residential. Our clients include private property investors, institutional funds and specialist property companies. We're also leading lenders in the affordable housing market. And we've financed more than 80 PFI infrastructure projects.

2013 is another important year for Nationwide’s Commercial Division as they look to relocate parts of the business to London and Manchester. The Property & Business Savings team is expanding in London and as a result, an exciting opportunity has become available for a Senior Lending Manager to lead the team.

A more challenging role

The key responsibilities of this role include:

• Lead new transactions to drawdown of monies utilising project management techniques and matrix management of internal and external deal teams in the due diligence and credit reporting and documentation processes.

• Generate high levels of income and profits by delivering the departmental Business Plan of lending in a variety of sectors, depending upon department, including the complex asset backed commercial property investment .

• Evaluate lending opportunities generated from personal and department marketing activities and structure lending terms to optimise profit and risk adjusted returns by applying sector, legal, credit, syndication and financial markets knowledge.

• Develop and maintain a network of professional and business relationships. These may include major quoted and private property companies, institutional fund managers, sponsors and key influencers within the property industry to promote the profile of the Society in these markets as a major lender and manage existing customer lending relationships in these sectors.

• Manage relationships with existing customers in the defined sectors.

• Sponsor and contribute to project team activities to review market dynamics, improve operational systems, develop marketing strategies and business plans, and other initiatives to drive the business forward.

• Manage, motivate and mentor Lending Managers and Assistant Managers within the department and provide coaching and support for their development.

• Compliance with all internal procedures to observe statutory, jurisdictional and audit requirements.

A more talented person

In addition to being self motivated with a willingness to develop, the following attributes are desirable:

• Minimum ACIB or equivalent professional qualification.

• 5 years minimum experience of lending in the property, social housing, corporate, acquisition or project finance sectors to include, (depending on the sector), structuring, negotiation and documentation of:

• Public and Private Limited Company Acquisition

• Management and Leveraged Buyouts

• Senior and Mezzanine Debt Funding

• Large Property Portfolio Purchases

• Syndicated Loan Underwriting

• Loan Book Acquisitions

• Corporate Finance (non-fixed Charges)

• Project Finance (PFI/Public Private Partnership - PPP)

• RSL Group funding structures

The ideal candidate will also have a Specialised understanding of:

• The dynamics of the UK Property Market and it's Sub-Sectors

• Competitor lender profiles/appetites

• Different investor return objectives and their behavioural impacts

• Property valuation principles

• Legal and taxation frameworks

• Loan Market Standards including regulatory issues

• Treasury products

• Credit and jurisdictional risk

• The funding requirements and risk profile of Special Purchase Vehicles (SPVs)

• The construction and facility management processes, their risk profiles and contractual structures

• Insurance principles and appropriate policies (property and project finance)

• Analysis of bespoke complex cashflow models

• Strong presentation skills to communicate complex and innovative funding structures to a variety of technical and non industry populated audiences. To deliver addresses to external audiences including seminar presentations

• Ability to negotiate at high levels on complex issues, ensuring delivery of best position for Society.

• Highly developed interpersonal skills to build strong internal and external relationships.

The successful candidate will need to demonstrate a highly motivated and flexible “can do” approach with a commitment to delivering fantastic customer service at all times. This is an exciting position offering the successful candidate the opportunity to join an enthusiastic and friendly team in an evolving, vibrant environment with excellent personal development opportunities.

We are looking for an applicant who is a team player with a positive “can do” attitude and a commitment to achieving business results.

An employer you're proud of

In today’s economic climate, our reputation for being open, honest and trustworthy is benefiting our customers and our business. Underpinning it all is a commercial operation that’s keenly competitive and constantly evolving. Right now, right across our business, we’re aiming higher, thinking smarter and acting faster than ever before. And we need people who are proud of what we stand for, and who have the talent and drive to boost our performance still further.

The rewards you deserve

We are the world’s biggest building society. And, in today’s economic climate, our reputation for being open, honest and trustworthy is benefiting our customers. Underpinning it all is a commercial operation that’s keenly competitive and constantly evolving. Right now, right across our business, we’re aiming higher, thinking smarter and acting faster than ever before. And we’re looking for people who are proud of what we stand for, and who have the talent and drive to boost our performance still further.

For more information, please contact David White on 854400