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- Tasks: Lead product development for a new national investment platform in housing.
- Company: Homes England, pioneering the National Housing Bank to transform housing delivery.
- Benefits: Competitive salary, hybrid working, strong public-sector benefits, and a defined benefit pension.
- Why this job: Shape a major investment platform and make a real difference in housing across the UK.
- Qualifications: Experience in product development, finance, and strong communication skills.
- Other info: Join a dynamic team with opportunities for personal growth and impactful work.
The predicted salary is between 51076 - 59970 £ per year.
Homes England is launching the National Housing Bank, a new government-backed investment platform to accelerate housing delivery across England. The National Housing Bank is a new government-backed financial institution within Homes England. With £16bn in capital, it will unlock private investment, support regeneration and accelerate housing delivery across the UK. Joining now offers a rare opportunity to shape a major new national investment platform from the ground up.
The Manager - Product Development will be a key member of a team responsible for generating, designing and transacting financial products that use the National Housing Bank (NHB)'s £5.5bn guarantee capacity to support its housing and regeneration objectives.
The opportunity
Guarantee products will be designed to address market failure within the housing sector. This is a market-facing role focused on new product design that furthers the objectives of the NHB and responds to market failure.
Responsibilities include:
- Support the origination, structuring and development of Homes England guarantee opportunities to attract private investment, ensuring alignment with risk appetite, operational, financial and policy objectives.
- Assist in structuring guarantee transactions and liaising with potential partners, senior colleagues and advisors, ensuring due diligence, regulatory compliance and effective negotiations.
- Contribute to the design, operation, and documentation of governance, risk and reporting arrangements, providing analysis and data for wider teams.
- Provide insights, analysis and drafting to support business plans, strategy papers, product development and government/internal colleagues on guarantee liabilities.
- Build and maintain strong working relationships with internal and external stakeholders while developing knowledge of housing policy, markets and finance.
- Take responsibility for personal skills development, sharing best practices, and improving team tools, processes and ways of working.
Candidate profile
- Support product development and NHB leadership while clearly communicating logic and rationale to all stakeholders.
- Assist in negotiating deal structure, pricing, covenants and information undertakings aligned with the guarantor's risk appetite.
- Form, articulate, and defend credit views on assets, borrowers, or structures, coordinating and integrating technical, legal, ESG and appraisal reports.
- Draft clear, concise credit/guarantee memos and investment committee papers with actionable recommendations.
- Apply debt structuring, capital markets knowledge and residential property valuation (DCF, IRR, yields, cap rates) to inform credit and guarantee decisions.
- Manage internal risk, regulatory and rating constraints; review legal documents (term sheets, facility agreements, guarantees) and identify key risk points.
Why join?
- Help build a new national investment institution
- Work on complex housing and regeneration transactions
- Deploy £16bn of government-backed capital
- Hybrid working across multiple UK locations
- Defined benefit pension and strong public-sector benefits
Right to Work in the UK is required.
Manager - Product Development employer: Public Sector Resourcing CWS
Contact Detail:
Public Sector Resourcing CWS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - Product Development
✨Tip Number 1
Network like a pro! Reach out to people in the housing and finance sectors, especially those connected to Homes England. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by diving deep into the National Housing Bank's objectives. Show us you understand how your skills can help tackle market failures in housing – we love candidates who come prepared!
✨Tip Number 3
Practice your pitch! Be ready to articulate your experience in product development and how it aligns with our mission. We want to hear how you can contribute to shaping this new investment platform.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, it shows us you're serious about joining our team.
We think you need these skills to ace Manager - Product Development
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Manager - Product Development role. Highlight your experience in product development and financial products, and show how your skills align with the objectives of the National Housing Bank.
Showcase Relevant Experience: When detailing your work history, focus on experiences that demonstrate your ability to support product development and manage stakeholder relationships. Use specific examples that relate to housing policy or financial transactions to make your application stand out.
Be Clear and Concise: In your written application, clarity is key! Ensure your language is straightforward and your points are easy to follow. Avoid jargon unless it’s relevant to the role, and keep your sentences short and impactful.
Apply Through Our Website: We encourage you to submit your application through our website. This way, you’ll ensure it reaches the right people directly and you can easily track your application status. Plus, it’s super simple!
How to prepare for a job interview at Public Sector Resourcing CWS
✨Know Your Product Development Inside Out
Make sure you understand the fundamentals of product development, especially in the context of financial products. Brush up on how guarantee products work and be ready to discuss how they can address market failures in the housing sector.
✨Showcase Your Analytical Skills
Prepare to demonstrate your ability to analyse data and provide insights. Bring examples of how you've used analysis in past roles to support business plans or product development, as this will be crucial for the Manager - Product Development role.
✨Build Relationships Before You Even Start
Think about how you can build rapport with potential stakeholders. Be ready to discuss your strategies for maintaining strong working relationships, as collaboration is key in this role. Mention any relevant experiences where you successfully navigated stakeholder dynamics.
✨Be Ready to Discuss Risk Management
Understand the importance of risk appetite and regulatory compliance in product development. Prepare to talk about how you've managed risks in previous projects and how you would approach this in the context of the National Housing Bank's objectives.