Credit Manager - Property Development Finance

Employer
Chamberlain Career Management Limited
Location
Liverpool, UK
Salary
Competitive
Closing date
8 Nov 2020

View more

Sector
Accountancy
Contract Type
Permanent
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Credit Manager - Property Development Finance

Location - North West England

The Company:

An established, highly successful and rapidly growing commercial lender with nationwide coverage, who finances Property Investors and Developers and SME's to help them grow.

Role Responsibilities:
  • Adhere to a Sanction Limit of up to £5,000,000, subject to the Company sanctioning matrix.
  • Assist the Head of Credit in the development and recommendation of commercial loan objectives, policies and practices, establishing internal loan controls and written policies and procedures for Board approval.
  • Ensure that all new Credit reports comply with the Company's Credit Policies and guidelines.
  • Report and provide recommendations to the Head of Credit on any exception to the above, via the response tracker.
  • Advise the Head of Credit of concentration risks around new business opportunities presented to the Company and suggest mitigants to the risks.
  • Identify policy, process and procedure shortcomings and recommend improvements.
  • Keep abreast of current and competitive rates and activities, including regulatory issues, and incorporate such into all sanctioning decisions.
  • Ensure day to day risk controls are adhered to.
  • Conduct pre-application discussions with Relationship Directors to assess appetite.
  • Ensure appropriate attendance and contribution at both Deal Forum and Borrower Review Forum.
  • Ensure all pricing requests are responded to within agreed Service Level Agreements.
  • Ensure that Sighting Papers and Credit Reports presented by Relationship Directors are responded to with agreed Service Level Agreements and they fully set out reasons for; approval / decline or provide alternative terms /structures if appropriate.
  • Respond to questions raised by lenders regarding loans via the website Q&A.
  • Liaise with members of the Deal team on each specific new loan to ensure that new loans progress to drawdown in as timely a manner as possible.
  • Check all new loan agreements to ensure they comply with sanction, in respect of conditions and covenants before they are released to borrowers lawyers.
  • Check that all Financial Conditions Precedent have been met prior to drawdown of new loans.
  • Attend meetings of other departments within the Company as appropriate in order to promote and enhance credit knowledge within the Company overall.
  • Retain post-deal monitoring responsibility for all development loans, undertaking ongoing tranche drawdowns, completing lender updates and updating phases on receipt of sales proceeds.
  • Undertake Lender votes.
  • Provide redemption figures and loan statements.
  • Attend client meetings where appropriate.
  • Provide training and support for all new relationship staff.

Skills & Knowledge Required:
  • Extensive property development funding credit experience.
  • Able to make informed decisions in respect of new deals presented to the Company.
  • Have an awareness of the wider business and take a commercial approach.
  • Strong and confident decision maker.
  • Good communication skills both internal and external to the Credit Department.
  • Awareness of how issues within the Credit Department affect the wider business.
  • Good attention to detail and accuracy.
  • Excellent organisationsal skills, taking personal responsibility for workflow.
  • A good understanding of Microsoft Word and Excel.
  • Educated to GCSE level or equivalent.
  • Experience of working in an FCA (or similar) regulated environment.
  • Experience of working in a similar role in the financial services sector.
  • Excellent knowledge of loan, security and financial documents.

What's on offer:

You'll be joining a growing business with a relaxed, committed, and enthusiastic team oriented work atmosphere.

As the business expands career opportunities are there for the taking for the right people.

You'll be rewarded with a basic salary dependent upon experience, pension, healthcare, life cover and other benefits.
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