Credit Manager - Development Finance

My client is a non-bank lender who provides development finance and bridging finance.

Do not pass up this chance, apply quickly if your experience and skills match what is in the following description.OverviewAs part of the Credit Team, this role will be critical in the appraisal, underwriting and ongoing management of loans. The position will have full ownership of the entire Credit Management process for an allocated portfolio, ensuring effective collaboration with the Origination Team, Credit Committee, clients and external advisors to take loans from initial enquiry through to redemption.ResponsibilitiesStrategic Orientation:Provide the Head of Credit Risk and Credit Committee with independent expert advice on credit risk mattersProvide sound commercial reasoning and judgement to Committee members, confidently answering technical and commercial queries and providing experience-based insightResponsible for ensuring the company adheres to its policies and processes and achieves “Best in Class” standards of underwriting, loan monitoring and loan managementWork with originators, analysts and Head of Lending to ensure credit papers include appropriate risk assessment and risk mitigantsEnsure the portfolio is managed proactively and rigorously with the aim of zero loan defaultsTake responsibility for projects relating to Credit Risk Management, helping to improve efficiencies and the credit decision making processAs part of the Credit Team, contribute to the development of and ongoing improvements to Origination and Portfolio Management processes and procedures, Credit Risk Management Information and reporting, and Portfolio ReportingUndertake ad-hoc tasks and projects as requested by the Head of Credit Risk and/or the CEOLoan Origination:Work with originators and analysts to ensure credit papers are consistent and thorough and present high-quality analysis of lending opportunitiesReview allocated appetite papers presented by the Lending Team and provide input to discussions and decisionsReview allocated credit backing papers presented by the Lending Team, providing analysis, constructive challenge, feedback and input to the decision making process/forum, including suggestions for alternative terms, conditions and areas of focus for due diligence for exampleReview allocated final credit proposals (including valuation reports and monitoring surveyor reports where applicable), providing input and recommendations to Credit CommitteePrepare clear, concise minutes reflecting Credit Backing forum and Credit Committee discussions and decisions/outcomesSupport the analysts and originators through the borrower and loan due diligence process and act as final sign-off on legal due diligence, facility and security documentation, supplementary documentation such as collateral warranties and insurances, and ensuring all KYC requirements are in place for sign-off by the MLROLoan Management:Responsible for the monitoring and management of allocated Development and Refurbishment facilities in conjunction with the borrower and associated professionals, including monthly site visits and compliance with facility conditions, covenants and milestonesResponsibility for and management of interim drawdowns, ensuring compliance with conditions precedent in conjunction with the analyst/originator where necessaryEnsure all requests and payments for interim drawdowns are managed diligently and satisfactorily, including (not exhaustive):o Review of Project Monitoring Surveyors reportso Assessment of requested drawdowns against facility terms and expectationso Recommendations on pre-payment requests and usage of contingencieso Follow up of any outstanding matters (e.g. insurances)o Administration of project cash flow, disbursement of funds and obtaining relevant sign offs/approvalsResponsible for the monitoring and management of allocated Bridging facilities, including liaising with the borrower and associated professionals such as Sales Agents, to ensure compliance with any conditions, covenants and milestones and the timely repayment of facilitiesLoan and Portfolio Monitoring:As a member of the Credit Team (and in conjunction with Originators where appropriate):o Manage and control monthly Loan Monitoring Reports and presentation of reports to the Senior Management Team and Credit Committeeo Monitor and flag early warning signs of deteriorating customer credit profileso Monitor loan maturity dates, ensuring early engagement with Borrowers and avoiding past due facilitieso Manage the process for loan extensions or full internal refinance of facilities, including liaising with Borrowers and external professionals as required, proposals to Credit Committee for approval (including relevant terms and conditions), documentation and closingo Manage Watch List and workout/restructuring cases in order to maximize recovery or remedy defaulto Manage Credit Grading of the portfolio on a dynamic basis and report accordinglyCompliance:Adhere to both legal and regulatory requirements as necessaryWhat you will BringIdeally 5+ years credit risk experience within a real estate lending environmentDeep understanding of the UK residential property development finance marketAbility to assume responsibility and accountability for decision makingStrong communication skills, both written and verbalStrong interpersonal and influencing skillsAble to work to tight deadlines and manage the expectations of others effectivelyExceptional attention to detail, rigorous and methodical in their approachProactive approach to credit risk management, monitoring and process enhancementSalary: up to £85k (depending on experience plus bonusLocation: West End (full ..... full job details .....