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Portfolio Manager (Bridging, Refurb and Development Finance)

Employer
Rico Property Finance Ltd (T/A D&R Recruitment)
Location
London
Salary
30000.00 - 55000.00 GBP Annual + OTE, Bonuses and Staff Benefits
Closing date
23 Apr 2024

View more

Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Job Function
Portfolio Manager

Portfolio Manager

Salary: 30k - 55k + Free Gym Membership + Pension Contribution + Many more benefits

Location: London

5 days in office - Full-time

The Role:

We are now looking for an exceptional, ambitious Portfolio Manager who will report to the Head of Portfolio Management and be primarily involved in the management of our growing portfolio of development, refurbishment, and bridge loans.

About the company:

Our client is a forward-thinking, fast-growing specialist bridging, refurbishment, and development lender founded and run by people who understand property, driven by its mission to make borrowing easy. Their short-term property finance business is procured through a mix of broker introductions and direct applications. Their transparency with their intermediaries and borrowers, together with quick decision making, a streamlined application process, and bespoke funding solutions, sets them apart from their competitors and form the foundation of their growing success.

Main responsibilities will include, but are not limited to:

  • Monitoring the progress of the loan, including construction, sales, planning, and refinances.
  • Identifying and assessing early warning signs across the portfolio to recommend and
  • implement risk management strategies on specific projects.
  • Managing the drawdown processes on live loans, including corresponding with appointed Project
  • Monitoring Surveyors, reviewing their reports and challenging where appropriate.
  • Regularly liaising with borrowers and their representatives.
  • Managing the redemption processes on loans from sales or refinances.
  • Working with the Head of Portfolio Management through workout strategies for loans in default. This
  • may include the appointment of Insolvency Practitioners.
  • Close coordination with the Credit team on new loans, including providing feedback and
  • recommendations on underwriting procedures.
  • Reporting to and presenting at the Portfolio Management committee meetings.
  • Ensuring all relevant data for each loan is accurately and comprehensively entered the CRM.
  • system.
  • Carrying out any other duties on an ad hoc basis.

About You

  • We are looking for a highly motivated individual, who can work both independently and within a team.
  • This position will suit a commercially minded person with a strong work ethic who does not shy away from tough situations. To be successful, you will be entrepreneurial and commercially minded with a high regard to integrity, innovation, collaboration, and passion in the workplace.
  • Previous development monitoring or lending experience.
  • An understanding of property lending in the UK.

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