Development Finance Portfolio Manager
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Job Summary
City Capitalare currently representing a highly respected challenger bank who are activelyseekingto appoint an experienced &knowledgeableDevelopment FinancePortfolio Manager to their flagship development finance division.
The Company
Our client is a leading name in the real estate development finance market with a demonstrabletrack recordof success in terms of supporting developers and SME businesses in obtaining the funds theyrequirefor commercial and residential developments.
The bank has achieved substantial growth in recent years with development funding at the heart of their strategy and future growth plans. They have designs toconsiderably increasethe development loan bookfurther making this an important hire at an exciting time.
This hire forms part of a broader hiring planfor the bank and the development finance team in line withobjectives.
Role Overview
As Portfolio Manager within the Development Finance team you will play a key role in the ongoing management and performance of a portfolio of live development finance facilities.
Working closely with Lending Directors Relationship ManagersCreditand external professional partners you will provide hands on portfolio oversight ensuring projects progress in line with approved budgetstimelinesandstrategies.
The role is heavily focused on proactive risk identification strong creditstewardshipand effective relationship managementwhere youmaybe requiredtoassistborrowers with new lending facilities dealrestructuringand refinancing opportunities.
You will undertake regular site visits alongside Quantity Surveyors review cashflows and variancesmonitorconstruction progress and unit sales and produce high quality portfolio reporting for senior stakeholders and committees.
This role is well suited to an individual with strong development finance experience who enjoys being close to live projects and playing a critical role in successful delivery.
Responsibilities
Oversee and manage a portfolio of live development finance loans ensuring performance in line with approved terms
Monitorbuild progress budgets timelines loan expiries interesttranchesand unit sales
Conduct regular site visits and liaise with borrowers QuantitySurveyorsand construction teams
Review cashflows and variancesidentifyingrisks relating to delays costoverrunsor sales performance
Complete monthly portfolio analysis including time delays and cost overrun reporting
Prepare portfolio updates credit papers and restructuring recommendations whererequired
Maintainaccurateportfolio records and systems producing high quality reporting for Committees and reviews
Work closely with Lending Directors Relationship Managers and Credit teams to support portfolio performance
Contribute to portfolio strategy borrower retention initiatives and improvements to systems and reporting
The ideal candidate for this role must be highly experienced in ground-up development finance lending withexcellent relationship building skills. You will have a solid understanding of what a good development deal looks like underpinned by excellent credit risk principles.
Candidate Requirements
Current orpreviousexperience within development finance or property lending
Strong understanding of residential development finance and credit risk principles
Experience managing live development loans post completion
Comfortable conducting site visits and engaging with borrowers and professional partners
Strong analytical skills with excellent attention to detail
Confident communicator able to work collaboratively across internal and external stakeholders
Good awareness of UK property market trends
On Offer
Our client is ideally looking to pay up to c75k as a basic salary for the ideal individual relevant to experience. Higher offers may also be considered for exceptionaldevelopment finance portfolio management experience.
Salary will be complemented by access to our clients fantastic bonus scheme toowhich will allow you to significantly increase your earnings based on performance.
Notably our client is in growth andoperatea very strongand proven promote from within the team there arenumerousexamples of those that have propelled career standing & salary forward within as excellent performance has been is often to more senior roles such as leadership or Lending Director.
Thereforethis is much more of a career opportunity rather than just another job.
Next Steps
There is a reasonable amount of urgency to fill this position in line withobjectives.
Due to the nature of the role & opportunity you do not expect it to be on the market for long!
If this role does sound like one that you are both qualified for and interested in then we look forward to your application as soon as possible.
Once we have reviewed your application we will be in touch with an update. We look forward to hearing from you.
TheCity Capital Team
Required Experience:
Manager
