Portfolio Risk Associate
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Job Summary
LendInvest is the UKs leading FinTech platform for property finance. Over the past 17 years we have grown from just our two founders to a team of over 200 working to make property finance simple for everyone.
A workplace culture built around trying new things getting things done and having fun while we do it has helped us lend more than 7.5 billion of mortgages put thousands of new or improved homes into the UK housing market and successfully launch on the London Stock Exchange. We have big plans to continue growing the business our products our technology and our people.
About your work
This specialist role is to lead recoveries on complex short-term Development Finance and Bridging Finance lending cases that have failed to repay and require specialist knowledge of debt recovery to mitigate the risk of losses. The role will involve significant on-site time working with borrowers LPA Receivers Administrators and the LendInvest senior team to ensure the nature of the security is fully understood and to subsequently recommend and oversee actions to recover the outstanding debt.
You must have proven expertise in real estate finance and debt recovery including planning building regulations legal insurance and corporate/personal insolvency.
This role reports to the Director of Portfolio Risk and will be required to work with the broader collections and loan servicing team adding insights and value to all aspects of the management of the LendInvest loan book.
Key Responsibilities
Direct ownership for the management of distressed assets including working with/controlling LPA receivers solicitors and related third parties
Visit securities to manage both the borrower relationship and risk profile understanding the ongoing viability of the security and potential exit options
Coordinate professional teams as required to assist with the smooth completion of construction projects
Collaborate in high-risk and debt work-out forums to provide oversight and direction on all types of lending exposure
Proactively contribute to collections forums and identify cases where your expertise can be applied
Providing the Investment & Credit Committee with timely and relevant management information on exposure to loss workout strategies on recovery cases changes to planning or other regulations or laws impacting property lending
Support the completion of the IFRS 9 provisioning routine concerning expected recoveries
Provision of timely and accurate data
Working closely with the Head of Loan Servicing to ensure recovery activities are closely aligned.
Ensuring that all property recovery matters are handled appropriately and in line with responsible lender practices
Taking appropriate and proportionate action to mitigate losses
Demonstrate a robust relationship with receivers and solicitors ensuring actions to recover are dealt with swiftly cost-effectively and appropriately
Establish and maintain positive SME relationships with other key departments such as Sales Operations Development Finance and Underwriting
About you
Experienced in managing and recovering distressed real estate debt
Ability to manage project teams and a good understanding of the development and planning process
Experience in critically assessing and challenging development finance construction plans and budgets
Resilient and committed with the ability to engage with a variety of stakeholders and gain their confidence
Ability to build strong but robust relationships with demanding/challenging clients
Dispassionate and independent thinker but at all times collaborative
Ability to work on own initiative to drive out strategies and processes to mitigate exposure to non-performing loans
Capable and experienced in dealing with a high-volume workflow and prioritising accordingly
Understanding of Treating Customers Fairly (TCF) and Conduct Risk
Ability to analyse data and produce management reports
RICS building surveying or similar professional qualifications are beneficial but not essential
Benefits & perks
Competitive salary company bonus scheme
Hybrid working policy
25 days holiday (increasing with the length of service)
Private healthcare
Enhanced parental leave
Matched pension contributions up to 4%
Critical illness cover
Employee Assistance Programme & Mental Health support
Life assurance
Regular performance reviews to promote a culture of growth and development
Leadership training for managers
Give as you earn scheme for charitable donations
Support for attending conferences and professional learning & development
Discounts via Perkbox
Cycle to work scheme
Season ticket loan
Electric car loan scheme
Monthly socials & annual offsite
Diversity Inclusion & Belonging at LendInvest
At LI we believe in bringing your whole selves to work we are committed to a culture of belonging where individuals can form a genuine community. We are proud to be an equal opportunities employer and are committed to building a team that represents a variety of backgrounds perspectives and skills.
