Credit Operations Assistant Manager - Real Estate Finance

My established banking client provides development and bridging finance. They are recruiting for an additional person to join their credit operations team.

Overview

Working as part of a small credit operations team, your main responsibilities will include:

• Risks associated with the issuance of facility documentation, sign-off of pre-completion due diligence, processing of build payments, and release of security are properly monitored and mitigated;
• Ensuring that credit business is processed in an efficient and timely manner;
• Excesses are properly monitored and reported; and
• A high-quality service is provided at all times to the Front Office lending teams.

Responsibilities

Credit Risk

• Check credit applications for accuracy, completeness and compliance with Credit policy.
• Undertake pre-completion due diligence that has been completed by the Lending Teams, including the checking and verification of reports produced by the Bank’s professional Advisors.
• To check drawdown requests in accordance with approved procedures, ensuring that they are strictly in accordance with sanctioned terms, credit governance requirements, and internal policy.
• To check facility letters and other loan documentation to ensure they have been drafted in accordance with relevant approvals and terms.
• To mitigate the risk of breaches of lending parameters, approved facility limits, and credit and due diligence procedures by way of thorough checking and monitoring.
• To monitor and advise on the management of interest payment arrears and expired loans.

Authorities

• To authorise loan completion and build payment drawdown requests.
• To act as an authorised signatory for facility letters and other loan documentation to ensure that signatures are in accordance with the Bank's current mandate.
• To approve additional ad-hoc requests from lending teams in line with Director Credit Risk directives.
• To act as witness on documents to be signed on behalf of the Bank as deeds.

Credit Policy, Procedures, Monitoring and Compliance

• To contribute to the Team’s objective of leading in the engagement of credit governance and policy, and to actively engage in the Credit Risk process.
• To assist the Assistant Director Credit with the identification of issues within the credit process, and with their resolution.

• To update the Credit Procedures Manual with authorised changes and to recommend amendments where necessary in order that the Manual reflects current policy and procedures.

Ad Hoc and General

• Undertake ad hoc projects assigned by Management.
• Provide guidance and training on Credit Risk matters to members of the Lending Teams, as directed by the Assistant Director Credit.
• Collate and present management information on key portfolio credit indicators as required to meet reporting commitments.
• Manage the quality of loan data held within the Bank’s systems.

Risk & Compliance

• Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required.

What you will Bring

• Property lending experience, including good working knowledge of professional’s reports (Valuation, Legal [including Report on Title] and Project Monitoring Surveyor).
• Sound loans administration and credit risk experience at assistant manager level.
• Customer service skills.
• Communication skills.
• Numerical accuracy.
• Evaluation and analysis skills.
• Ability to identify and deal with problems/ issues arising from due diligence.
• Prioritisation skills.
• Intermediate level IT skills (Word, Excel and Outlook).
• Ability to make decisions under pressure.
• Act independently and be able to challenge Lending Teams.
• Experienced in all areas of property finance, including residential development finance.
• Undertake due diligence in respect of loan redemptions (full/partial security release requests from Lending Teams).
• To be able to work in a high volume, fast paced environment - focus on speed whilst maintaining accuracy and attention to detail.

Salary: up to £60k, depending on experience

Location: London (hybrid working)