Director, Asset & Portfolio Management CRE
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
04-11-2025
Vacancies:
1 Vacancy
Job Summary
Join OakNorth and help reshape the future of business lending in the US!
At OakNorth were on the hunt for exceptional talent to join our growing US team and help scale our lending business across the country. Since our launch in 2015 weve lent more than $18 billion to ambitious entrepreneurs in the UK and over $1.5 billion in the US since summer 2023. Our lending has helped create 36000 new jobs and 58000 new homes and were only just getting started.
If youre ready to make an impact challenge the status quo and be part of a mission-driven team transforming commercial banking wed love to hear from you.
OakNorth Bank is redefining the way banks serve the lower-mid-marketproviding fast flexible and data-driven debt financing to growing businesses. Our lending model combines deep sector expertise with advanced analytics to support commercial real estate developers investors and businesses with tailored financing solutions.
We are expanding our U.S. presence and seeking an experienced professional to join our New York office focusing on the ongoing management optimization and performance monitoring of our commercial real estate lending portfolio.
Role Overview
This role sits within OakNorths U.S. lending teamand is responsible for managing the ongoing performance and risk of our commercial real estate portfolio. The role combines hands-on asset managementmanaging borrower relationships deal retention and distressed loan situationswith portfolio management and monitoring providing analytical insight into credit performance portfolio health and concentration risk.
The successful candidate will partner closely with the Origination (Debt Finance Directors) and Portfolio Monitoring teams to optimize loan performance support refinancing and retention strategies and ensure the portfolio continues to grow sustainably while maintaining OakNorths strong credit standards.
Key Responsibilities
- Asset Management
- Partner with the Debt Finance Directors in the retention of high quality lending customers including structuring and pricing; proactively identify opportunities for refinance extension or repayment discussions that strengthen OakNorths portfolio.
- Lead negotiations and workouts for stressed or distressed credits engaging with legal counsel and internal stakeholders to achieve optimal outcomes for both borrower and bank.
- Maintain deep knowledge of commercial real estate markets and capital flows understanding competitor behavior and market shifts that impact pricing and retention strategies.
- Oversee the ongoing performance of real estate loans engaging with borrowers and co-lenders throughout the loan life cycle on amendments waivers and covenants as required.
- Portfolio Management & MonitoringSS1
- Support the safe and sustainable expansion of the loan book by effectively measuring and managing credit risk within existing relationships.
- Evaluate portfolio data to identify trends concentration risks and sector exposures; form views on whether underwriting assumptions have proven conservative accurate or optimistic.
- Provide input and direction on portfolio initiatives frameworks and monitoring processes working closely with credit and monitoring teams across geographies.
- Deliver process improvements and risk management enhancements that enable growth while maintaining portfolio quality and compliance with regulatory frameworks.
Candidate Profile
- Experience & Skills
- 1015 years experience in banking with a strong focus on asset management and commercial real estate lending.
- Proven experience managing distressed and workout loans with a strong understanding of legal processes and restructuring frameworks.
- Deep knowledge of capital markets credit risk and the competitive CRE lending landscape.
- Strong analytical and financial modelling skills including familiarity with complex lending and security documentation.
- Demonstrated ability to manage complex borrower relationships and negotiations including amendments refinances and covenant resets.
- Strong commercial acumen and market insight to guide deal retention and pricing strategies.
- Attributes
- High level of professional integrity judgment and commercial awareness.
- Strong communication and negotiation skills with senior internal and external stakeholders.
- Analytical and detail-oriented with the ability to synthesize complex data into actionable insights.
- Collaborative team player who thrives in a fast-paced entrepreneurial environment.
- Results-driven with a strong work ethic and ability to deliver under tight deadlines.
$170000 - $215000 a year
Benefits & Perks:
401k plan with Principal (ON match up to 4%)
Medical Care (managed through Insperity) - employees can add their family to their plan if needed
Dental & Vision bundle
Insperity Health Savings Account Program - this is a tax-advantaged employee benefit which can help manage health care costs by allowing employees to set aside some of their current earnings on a pretax basis for reimbursement of qualified health care expenses during the plan year
EAP
20 days Holiday
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
Director
Key Skills
- Category Management
- Athletics
- Customer
- ABAP
- Hydraulics
- ITI
About Company
OakNorth Credit Intelligence Suite transforms commercial lending, giving banks 360° views of borrowers, with deeply granular, forward-looking insight, to improve efficiencies, lower credit risk, and drive profitable growth through economic cycles. Banks lend smarter, lend faster, and ... View more
