Portfolio Manager - eFinancialCareers - eFinancialCareers : Job Details

ABOUT THE DEPARTMENT

Our Development Finance division offers creative and customised financing solutions to experienced property professionals across the UK. The team is highly experienced, has a passion for property and understands the market in all its intricacies.   

We are focused on building long-term business relationships. We believe that SME housebuilders need to work with a bank that employs experts with specialist knowledge of specific locations and markets. We work in partnership with SME housebuilders, lending our expertise as well as finance. 

ACCOUNTABILITIES and KEY RESULT AREAS

• Ensuring strong credit stewardship is maintained including monitoring loan expiries, interest tranche depletion, construction milestones, sale milestones etc.
• Liaising with and supporting the LD’s, RM’s and CM’s to ensure timely identification of potentially problematic loans
• Recommending appropriate loan restructurings where appropriate and preparing amendment credit papers and credit memos for EML cases in conjunction with the LD / RM Site inspections to assess progress of development projects in terms of budget, schedule, quality, significant changes and sales/marketing progress.
• Liaising with Quantity Surveyors, other professionals, borrowers and construction teams as appropriate
• Monthly Time Delays & Cost Overrun analysis to identify common issues at early stage
• Cash flow analysis against original credit approved cashflow to identify material variances at a book level
• Smooth implementation of processes and procedures for new credit policies
• Monitoring of Unit sales including early identification of slow sales pace and/or undervalue sales
• Keeping accurate records, maintaining portfolio monitoring systems and preparing regular portfolio reports/reviews for presentation to Committee
• Input into periodic departmental portfolio overview and the annual Credit Risk review of the DF portfolio.
• To approve advance payments / Materials on Site etc in accordance with delegated authorities
• Input into the development of Keystone and the reporting from the system (including if appropriate Tableau development)
• Work with LDs to develop individual retention plans supporting repeat and new business.

STAKEHOLDERS AND WORKING RELATIONSHIPS

Primary Internal Stakeholders & Relationships:

• MD, Development Finance
• DF Lending Directors
• DF Relationship Managers
• Credit/Risk Team
• 2nd line of defence Risk & Compliance Team

Key External Stakeholders:

• Customers/Borrowers
• Monitoring Surveyors
• Valuers, Lawyers & other external professionals

 PROFESSIONAL EXPERIENCE AND ATTRIBUTES 

Qualifications and experience

You must have:

• Good level of experience in property lending/development finance within a banking or professional property services environment
• Proven track record of developing strong relationships with borrowers, brokers and other professional partners

Competencies and Attributes

You must have:

• Strong analytical skills
• Understanding of residential property development finance
• A general understanding of building construction (preferable but not essential)
• Strong understanding and appreciation of the current UK property market conditions and trends
• Strong attention to detail
• Ability to travel nationally
• High level of communication skills

It would be beneficial if you had the following:

• Experience with the following banking tools: Phoebus, Keystone and Tableau.

RISK MANAGEMENT RESPONSIBILITIES

To deliver good customer outcomes and demonstrate behaviours that will positively impact customers.  Proactively champion fair customer outcomes for all customers.  To understand the Bank’s Risk Management Framework, and comply with the frameworks, policies and operating procedures which support it as they apply to your role and the work you carry out. Identify and escalate risks in an appropriate and timely manner.   

Lines of defence

1st line: Functions that manage their own risk.  2nd line:  Risk & Compliance.  3rd line:  Internal Audit