New role - Associate Director - Credit Joining a privately owned short-term commercial lender based in central London. They provide loans on commercial property throughout the UK, and Northern Ireland, across a wide range of sectors including residential investment property, commercial (including mixed use) and leisure businesses such as pubs and hotels.
The candidate should have an MRICS qualification and have experience working in a receivership advisory team.
As an Associate Director in Credit, you would be responsible for the day-to-day management of non-performing loans and managing existing loans which are being extended, managing the approval, due diligence and completion processes - at all times adhering to high-quality and compliant practices.
You will be working from their London office and will play a vital role within the Credit team, making a difference immediately. You will be joining at an exciting time for the business as we look to continue our growth over the coming years.
You will receive a competitive and attractive compensation package and there is a great deal of opportunity for growth within our firm.
We would expect you to perform the following tasks:
Day to day management of enforcements, including pre-appointment recommendations to credit committee, liaising with professionals from security review through to repayment of the loan. Making recommendations to the Head of Credit on strategy for expired or non-performing loans. Agreeing terms for loan renewals which includes management of renewal process, liasing with solicitors and writing renewal credit papers. Weekly reporting on non-performing loans to Credit Committee. Manage professional advisors, including insolvency professionals, solicitors and valuers. Assisting the Head of Credit with review of valuation reports from time to time. Assisting the Head of Credit with the deal approval process from time to time. Maintain Ekeeper (loan management system) and other records for reporting purposes.
The successful candidate will be driven, have good attention to detail and have a genuine desire to contribute to the continued success of our business. They will have at least three years of experience working in the property industry Familiarity with the enforcement process and security instruments will be required and this will be tested as part of the interview process. The candidate should have an MRICS qualification or have experience working for another lender working in their recoveries team. The candidate will have excellent written English, be strong numerically, be well-organised and methodical and have good Microsoft Office skills. They will have the right to work in the UK. For us to do our jobs effectively it is imperative that we work together. The successful candidate will be a team player and take direction well. They will be a self-starter who will look to evolve and enhance the non-performing side of the team.
Reference: 1318 | Date Posted: 5th February 2024 | Status: Active