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- Tasks: Lead product development for a new national investment platform in housing.
- Company: Homes England, launching the National Housing Bank to transform housing delivery.
- Benefits: Competitive salary, hybrid working, pension, and strong public-sector perks.
- Other info: Join a dynamic team with opportunities for personal and professional growth.
- Why this job: Shape a major investment platform and make a real difference in housing.
- Qualifications: Experience in product development, finance, and strong communication skills.
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
Contact Detail:
Public Sector Resourcing 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 structuring, and show how it aligns with the objectives of the National Housing Bank.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your ability to negotiate, analyse data, and build relationships with stakeholders. This will help us see how you can contribute to our team.
Be Clear and Concise: When drafting your application, keep it clear and to the point. We appreciate well-structured documents that are easy to read. Avoid jargon unless it's relevant, and make sure your key points stand out.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company!
How to prepare for a job interview at Public Sector Resourcing
✨Know Your Product Development Inside Out
Before the interview, dive deep into product development principles, especially in the context of financial products. Familiarise yourself with how the National Housing Bank's guarantee capacity can be leveraged to address market failures in housing. This will show your potential employer that you’re not just interested in the role, but that you understand the nuances of the industry.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to demonstrate your problem-solving skills in real-world scenarios. Think about past experiences where you’ve successfully structured deals or navigated complex negotiations. Be ready to articulate your thought process and the outcomes of your actions, as this will highlight your ability to contribute to the NHB’s objectives.
✨Showcase Your Stakeholder Management Skills
Since building relationships is key in this role, prepare examples of how you've effectively managed internal and external stakeholders in previous positions. Discuss how you’ve communicated complex ideas clearly and how you’ve navigated differing interests to achieve a common goal. This will illustrate your capability to thrive in a collaborative environment.
✨Demonstrate Your Analytical Prowess
Be ready to discuss your experience with data analysis and how it informs decision-making. Bring examples of how you’ve used financial metrics like DCF, IRR, or cap rates in past roles. This will not only show your technical skills but also your understanding of how these analyses impact credit and guarantee decisions, which is crucial for the role.