Since our launch in 2015 weve lent over 10bn to ambitious entrepreneurs up and down the UK. Thats led to the creation of over 40000 new jobs and over 29000 new homes and were not about to stop there. Were dedicated to helping trailblazing businesses thrive and our Debt Finance team are the drivers of our growth.
This is a fantastic opportunity to join a fastpaced growing bank with a reputation for doing things differently. We dont want another cog in the machine were looking for selfstarters and bold thinkers who want to pave their own career paths.
In a nutshell the mission of the interns will join one of the Banks Credit (lending) teams and will analyze financial statements including key lending and credit risk metrics.
Are you ready to step up to the challenge
Responsibilities
Underwrite and monitor commercial real estate (CRE) loans across development marketing and investment categories.
Build valuation models using various property valuation methods.
Analyze financial documents including property income statements borrower financials and valuation reports.
Conduct market research (vacancy rates rental trends cap rates transaction activity) to assess external impacts on property valuation and loan serviceability.
Perform sensitivity and scenario analysis for stress testing.
Develop industry dashboards to support loan assessments within specific real estate subsectors.
Work independently while collaborating with the team to ensure timely and accurate outputs.
Mentor and guide team members.
Required Experience
37 Years of experience in CRE
Desired Skills
Expertise in financial and credit modelling including alternative valuation methods.
Strong research skills focused on the real estate market.
Proficiency in scenario analysis and stress testing.
Solid understanding of the real estate industry and relevant databases.
Experience in process improvement and automation.
Advanced Microsoft Excel skills.
Knowledge of VBA is preferred; exposure to R or Python is a plus.
About OakNorth
Small and mediumsize enterprises (SME) are one of the biggest drivers of growth and innovation in economies all over the world. Despite these companies being a powerful force in the economy many SMEs find it difficult to raise capital during critical stages of their company growth. Traditional commercial lending is optimised to make loans that are either too small to be effective or too large and expensive to be our mission is to help lenders fill this gap which we refer to as the Missing Middle. We are building a SaaS platform called the Credit Intelligence Suite which transforms commercial lending by helping banks build deeper relationships with their clients open new more profitable opportunities whilst delivering credit decisions up to ten times faster than traditional models with lower risk and greater efficiency.
Our Investors
OakNorthHoldings (the parent entity of OakNorth Bank plc and ONci) has an equity base of over $1.2bn our investors include:GIC SMBCToscafund Coltrane andSoftBanks Vision Fund as well as founders of highly successful scale businesses.
Our Customers
In addition toOakNorthsown bank in the UK the software is also being deployed by US banksincluding:Fifth Third PNC M&T Bank Huntington and Old National Bank.
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