My established Challenger Bank client has a successful Development Finance team, with a dedicated Portfolio Management team.

Responsibilities:

• Ensuring strong credit stewardship is maintained including monitoring loan expiries, interest tranche depletion, construction milestones, sale milestones etc.
• Mentoring PM’s by providing support & guidance along with regular training and development.
• Leading by example and setting the highest standards of excellence for the PM’s to aspire to.
• Assisting the HoPM to manage and deliver the strategic objectives of the PM Team.
• Liaising with and supporting the LD’s, RM’s and CM’s to ensure timely identification of potentially problematic loans
• Recommending appropriate loan restructurings where appropriate and preparing amendment credit papers and credit memos for EML cases in conjunction with the LD / RM Site inspections to assess progress of development projects in terms of budget, schedule, quality, significant changes and sales/marketing progress.
• Liaising with Quantity Surveyors, other professionals, borrowers and construction teams as appropriate
• Monthly Time Delays & Cost Overrun analysis to identify common issues at early stage
• Cash flow analysis against original credit approved cashflow to identify material variances at a Salary: up to £80kbook level
• Smooth implementation of processes and procedures for new credit policies
• Monitoring of Unit sales including early identification of slow sales pace and/or undervalue sales
• Keeping accurate records, maintaining portfolio monitoring systems and preparing regular portfolio reports/reviews for presentation to Committee
• Input into periodic departmental portfolio overview and the annual Credit Risk review of the DF portfolio.
• To approve advance payments / Materials on Site etc in accordance with delegated authorities
• Input into the development of Keystone and the reporting from the system.
• Work with LDs to develop individual retention plans supporting repeat and new business.

What you will Bring:

You must have:

• Good level of experience in property lending/development finance within a banking or non-bank lending environment
• Proven track record of developing strong relationships with borrowers, brokers and other professional partners
• Strong analytical skills
• Understanding of residential property development finance
• A general understanding of building construction (preferable but not essential)
• Strong understanding and appreciation of the current UK property market conditions and trends
• Strong attention to detail
• Ability to travel nationally
• High level of communication skills

Salary: up to £80k

Location: London hybrid working)