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Deputy Head of Credit Our Central London client in the Banking sector is seeking a Deputy Head of Credit to join as soon as possible with a salary of £80,000 - £90,000 on offer. This role comes with a great perks package including generous holiday.
What does the role entail?Working as a Deputy Head of Credit your main job roles will be:
- Providing support to the Head of Credit including deputising and presenting to senior management committees- Underwriting and credit risk assessment for real estate loans of up to £30 million, including residential and commercial BTL mortgages, Commercial mortgages and bridging/development finance - Evaluation and underwriting loan proposals for sector/products such as care homes, hotels, syndication loans, bridging finance, ensuring risks highlighted and mitigation strategies are in place - Review and give an independent view of loan applications ensuring compliance with credit policy prior to presentation to credit committee- Provide recommendation for updates of lending policies & procedures - Guidance and mentorship to credit team (4 credit analysts) ensuring they make sound and timely decisions and follow existing policy - Monitor portfolio management of new and existing clients via quarterly and annual reviews - Production of credit MI for local group purposes providing in depth loan book analysis- Other ad hoc duties assigned from time to time by senior management
What skills will you have?The ideal candidate for this role will have:- A minimum of 5 years experience working in a credit approvals environment - Strong decision making essential with detailed rationale provided - Prior/current holder of a delegated lending mandate of a minimum £2 million- Expertise in underwriting real estate finance, commercial mortgages, Buy-to-let loans, development loans, bridging finance and hotel & care home financing. Also, Syndicated loans experience is preferable but not essential - Experience in assessing complex financial statements, cash flow models and credit structures - Should have thorough knowledge in various areas of credit administration including process of proposals, credit analysis, security etc- Experience in presenting to the credit committee & board committees- Regulatory compliance knowledge and understanding of industry best practices
What is on offer?This permeant Deputy Head of Credit position is the opportunity to join a supportive but hardworking team. The salary is £80,000 - £90,000 per annum. A great incentive package is also available.
How to apply?To be considered for this Deputy Head of Credit position please click apply now.
