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Portfolio manager - development finance

London
Buckden Partners
Portfolio manager
Posted: 13 June
Offer description

My client is an established Challenger Bank with a successful Development Finance team. This role sits within the Portfolio Management team. Responsibilities: Ensuring strong credit stewardship is maintained including monitoring loan expiries, interest tranche depletion, construction milestones, sale milestones etc. 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 book 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 (including if appropriate Tableau development) Work with LDs to develop individual retention plans supporting repeat and new business. What you will Bring: Good level of experience in property lending/development finance within a banking or non-bank lender 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 £70k (depending on experience) Location: London Hybrid working

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