ABOUT US
At OakNorth, we're on a mission to empower the UK's most ambitious businesses. Since 2015, we've lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while fuelling the UK economy. This is an exciting opportunity to join a dynamic, fast‑growing bank known for challenging the status quo. We're not looking for just another cog in the wheel — we want bold thinkers and proactive self‑starters who are eager to shape their own careers while supporting the UK's most driven business leaders.
The role:
You will manage a book of complex real estate and property‑backed loans, owning both the customer relationship and the post‑origination credit risk, including customers showing early signs of financial distress. You will work with an analyst team based in India.
The portfolio:
Sectors: residential and commercial real estate (investment and development), student accommodation, co‑living and retirement living, and property‑backed hotel and healthcare loans
Facilities: investment, transitional, development and buy‑to‑let loans, and lender finance, including revolving credit facilities (RCFs) and loan‑on‑loan facilities to real estate lenders
Loan sizes: typically £1m to £50m
What you’ll do
- Monitor the book: annual reviews, quarterly covenant testing, early warning signs and forward‑looking stress testing. On investment loans, track rent, occupancy, interest cover, valuation and refinance risk; on development loans, assess drawdowns against monthly monitoring surveyor reports, cost to complete, programme and exit.
- Manage RCFs and loan‑on‑loan facilities: approve new underlying loans against agreed criteria and monitor look‑through LTV and interest cover, arrears and defaults across the underlying book, and the Bank’s security over the underlying real estate.
- Make in‑life credit decisions: approve drawdowns, annual reviews, valuations, waivers consents and extensions within your delegated authority and recommend those above it.
- Manage distress: spot underperformance early, agree a clear strategy and lead negotiations with borrowers, sponsors and advisers on waivers, amendments, extensions and restructures, returning loans to standard or exiting without impairment.
- Present to credit committee: review and recommendcredit papers and present them verbally, defending recommendations under challenge.
- Work with the India analyst team: direct day‑to‑day work, review outputs ,coach analysts and work across time zones/georgaphies.
- Professional engagement: Hands on engagement with external professional advisors legal, valuers, PMS etc.
- Work with AI: use the Bank’s approved AI tools day to day and help find step changes in how the book is managed.
What you’ll bring
- Extensive UK real estate lending or portfolio management experience across investment and development, ideally at a bank or specialist lender and in more than one sector.
- Experience of revolving credit, loan‑on‑loan or lender finance facilities, or a strong working understanding of how they are structured and monitored.
- Strong credit appraisal, financial analysis and modelling skills; comfortable with LMA documentation.
- Experience of managing underperforming and distressed credits, with a working knowledge of restructuring and insolvency.
- A track record of negotiating confidently and presenting clearly, both verbally and in writing, to senior stakeholders and credit committees.
- Actively looking for opportunities to grow back book; cross selling bank offering
- Openness to AI and new ways of working.
What we Offer
- Equity — we want everyone to have a stake in the business so our interests are aligned
- 25 days holiday plus personalised benefits — opt in to what matters to you
- Subsidised private medical insurance with Bupa
- Enhanced maternity and paternity leave
- Wellbeing and social events, plus in‑house Barista Bar in the London office
- Volunteering time off to support causes that matter to you
- Salary sacrifice schemes — cycle to work, nursery, gym, and electric car scheme
#J-18808-Ljbffr
Senior Director / Director Portfolio Monitoring - Real Estate employer: OakNorth
OakNorth Bank is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets finance. With a strong emphasis on employee growth and development, we provide ample opportunities for professional advancement while fostering a collaborative culture that values diverse perspectives. Join us to be part of a forward-thinking team that is dedicated to delivering impactful financial solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Director / Director Portfolio Monitoring - Real Estate
✨Get Involved in Local Property Events
Dive into local property expos and networking events! Real estate thrives on connections, so attending these events helps us meet potential employers and industry leaders, plus it's a chance to show off your enthusiasm for the field.
✨Connect with Local Agents on Social Media
Follow and engage with local real estate agents and firms on platforms like Instagram and LinkedIn. Sharing their posts and commenting with your insights can put you on their radar and might even lead to job opportunities at companies like OakNorth.
✨Don’t Underestimate the Power of Cold Outreach
Got your eye on a specific company like OakNorth? Don't hesitate to send a direct message or an email expressing your interest. Personalise your approach, maybe mentioning a recent listing or project of theirs, and it could set you apart from other candidates.
✨Utilise Property Management Platforms
Check out property management platforms and job boards tailored for the real estate sector. They often have exclusive listings, especially for full-time roles. Don't forget to visit OakNorth's careers page directly; we love seeing passionate candidates applying through our website!
Some tips for your application 🫡
Show Your Real-Estate Savvy:When crafting your CV and cover letter, make sure to highlight any relevant experience in the real estate sector. If you've done internships, assistant roles, or even relevant coursework, lay it out clearly. We want to see your familiarity with market trends, property management, or any sales experience you've got under your belt!
Quantify Your Achievements:In real estate, numbers speak volumes! When detailing your past roles, use concrete figures to demonstrate your achievements. For example, mention how many properties you sold, the percentage increase in client satisfaction, or any successful negotiations. These metrics can give your application that extra punch it needs!
Tailor Your Documents for the Job:Every application should feel personal. When applying for the Senior Director / Director Portfolio Monitoring - Real Estate role at OakNorth, tweak your CV to focus on aspects that are important to them. If they value client relationships, emphasise your interpersonal skills. We want to see you aligning your experiences with what they're looking for!
Keep It Professional Yet Approachable:While we want you to show off your expertise, don't forget to let your personality shine through in your cover letter. A touch of friendliness can set you apart, especially in real estate where client interaction is key. Show that you're ready not just to work with the property but also with people!
How to prepare for a job interview at OakNorth
✨Know Your Market Trends
In real estate, it’s all about staying ahead of the curve. Make sure we brush up on the latest market trends in the area where OakNorth operates. Being able to discuss local property values, demand, and upcoming developments will show that we’re not just interested in the job, but genuinely invested in the industry.
✨Prepare for Scenario Questions
Expect some scenario-based questions during the interview. We might get asked how we’d handle different client situations or property evaluations. Preparing our responses for common real estate scenarios not only demonstrates our problem-solving skills but also shows that we can think on our feet in a client-facing role.
✨Showcase Your Connections
In full-time real estate, networking is key! Let’s think about our connections in the industry and what we can bring to OakNorth. Whether it’s insights on prospective clients or relationships with local contractors, talking about these experiences can set us apart from other candidates.
✨Demonstrate Technical Savvy
Familiarity with different real estate software tools is a big plus. We should be ready to discuss any platforms we've used, whether it's for property management, CRM, or data analysis. Being comfortable with technology not only makes us more efficient, but also shows that we’re adaptable to the tools used at OakNorth.
