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City & Capital are currently working with a highly respected and fast growing investment house & commercial property finance lender who have retained our services in order to appoint an ambitious and career minded Loan Portfolio Assistant to their growing team at an exciting time.
Our client is backed by strong investment and large funding lines which are driving ambitious targets to double the size of their loan book and team over the coming period. Our client has successfully doubled in size four times in the last four years, so it is expected they will achieve this confidently in this time.
Our client has therefore targeted £1bn in lending in the next year, which will drive more loans and borrowers to the loan book. Due to this, the growth of the loan management team is critical to future success and returns for their investment partners and borrowers.
The lender in question operates with great success to support professional property developers and investors with access to bespoke funds for key property projects. Their core offering include bridging finance (up to £50m) and development exits for property development partners, coupled with commercial mortgages and complex BTL propositions for a broad range of SME and property investor borrowers.
The incoming Loan Portfolio Assistant will work with the Senior Loan Management team with the ultimate view of ensuring that all active loans within the property loan book are performing, to achieve healthy redemption. Due to this you will support the team with tracking loan performance, raising early warning signs or opportunities from within the portfolio.
Where issues or opportunities are identified you will work to support the solution which may include aspects such as arranging new loans, assisting borrowers with product transfers, planning redemption strategies and assisting with loan or asset recovery.
Month by month you will assist with matters such as the collection of interest, devising and delivering reports for borrowers, investors and senior management, reviewing contracts and undertaking audits, liaising with external suppliers and credit bureaus, maintaining deal sheets, undertaking borrower due diligence & being a main point of contact for the lenders borrowers throughout the life of the loan.
Duties include (but may not be limited to):
- Monitoring loan performance within the lenders portfolio
- Ensuring loans are compliant in terms of contractual agreements
- Supporting interest collection for live loans
- Review and monitor weekly reports for relevant actions
- Review contracts and audits with credit bureaus
- Devise & implement strategies for loan redemptions
- Undertake any collections activity if and where required
- Maintain deal sheets for corporate borrowers or investors
- Undertake borrower or investor due diligence
- Regular reporting to borrowers and investors
The ideal individual for this role will have experience of loan servicing or management within the commercial real estate and residential mortgage sector. You will be able to demonstrate success in a role whereby you have managed live loans post funding and worked to support the ongoing performance and delivery of redemptions.
In terms of the ideal personality for this role, you will be at your best working in a fast paced and dynamic environment. As the loan book is due to swell in debt quantum and number of borrowers, this means that you will enjoy managing multiple projects simultaneously.
Most notably, you will be ambitious to learn about complex real estate lending as all training and development will be given. Our clients growth model is based on promoting existing team members from within, with the next step on the ladder a rise to Property Manager once excellent performance is delivered.
So this is certainly more of a career opportunity, as opposed to just another job!
The ideal individual will:
- Have experience in property loan servicing or management
- Be highly organised and capable of managing multiple loans and borrowers
- Have an excellent attention to detail and be highly organised
- Be a confident communicator in all cases
- Be highly proactive, quick to spot opportunities or problems to address
- Be a genuine team player and enjoy collaboration
- Be ambitious and keen to grow within
The basic salary for this role is between c£30k - £45k relevant to experience. Higher offers may be considered for exceptional talent and experience. Salary will be complemented by access to two separate bonus structures that will allow you to substantially increase earnings year on year. This is a performance related bonus structure, as well as an annual discretionary structure.
Most notably it is the progression potential for the arriving individual that makes this a genuinely exciting role and one I would be keen to discuss with you.
The role will be based in our clients fantastic offices in Victoria.
There is a reasonable amount of urgency to fill this position as you might expect in line with exciting growth plans. Therefore if this role does sound like one that you are both qualified for and interested in then we look forward to your application.
We will aim to review your application as quickly as possible and where it is deemed that your experience does meet the requirements of the brief, we will be in contact for an initial chat to share more with you on the client and role and to understand better your expectations & circumstances.
We look forward to hearing from you.
