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City & Capital are currently working with a highly ambitious and fast growing commercial property finance lender who have retained our services in order to appoint an ambitious and career minded Loan Portfolio Manager to their growing team at an exciting time.
Our client is experiencing excellent growth, backed by secure funding lines and recent investment. Due to this they are expecting the size of their loan portfolio to grow substantially over the coming period, with the business expecting to double in size based on their lending projections.
Our client operates with great success to support professional property developers and investors for access to bespoke funds for key property projects. Their offering includes a commercial Buy to Let proposition as well as short term loans, such as bridging finance and development exits.
The incoming Loan Portfolio Manager will sit as a senior member of the loan management team and will report directly to the lenders Head of Loan Management and Operations. The structure of the team means you will be supported by a large number of Loan Portfolio Assistants, with the ultimate view of building a team beneath you, once excellent performance is delivered.
You will be expected to assist with key strategies and commercial decisioning within the role.
Fundamentally, the core focus of this position will be to ensure 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 extensive experience of loan servicing or management within the commercial real estate or 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. Any experience of the oversight of junior staff members would be advantageous, though not essential. Our client is more than willing to accept someone looking to take that next step up in their career.
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 increase your knowledge complex real estate lending and to impart this to junior team members within the company. All specific training and development will be given. Our clients growth model is based on promoting existing team members from within, with further future opportunities to grow within, as the company scales its loan book to c£2bn.
So this is certainly more of a career opportunity, as opposed to just another job!
The ideal individual will:
- Have extensive 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
- Be a natural leader, quick to bring others on the journey or strategy
- Be happy to communicate with borrowers on all matters
The basic salary for this role is between c£50k - £80k 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 Mayfair.
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.
Kind regards,
