Portfolio Manager - Development Finance
We are looking for:
The role is to ensure that homes and funding are delivered as planned in line with the risk appetite and annual budget of the agency. The key is to provide strong stewardship, managing risks and client relationships with loan/partnership documentation as the core relationship document. Regular monitoring, reporting and assurance is a key feature. Managing and maintaining the relationship with the client is a key factor.
Our successful candidate will:
Ensure delivery of housing starts and completions and budgeted spend in line with the credit approval and forecasts of each transaction in line with the Investments Business Plan and the annual budget.
Developing strong and positive relationships with customers, the professional community and advisers.
Manage the risk profile and performance of the transactions within the risk appetite of the agency and in line with the Recovery Rate of the programme. Ensure all risk reporting of transactions is timely and of high quality.
Maintain and report on relevant data metrics for asset performance including portfolio composition and stewardship activity and provide strong quality assurance and reporting as required.
Identify deterioration in risk profile at an early stage, engage positively with customer to address and ensure this is managed professionally and in line with guidance, working with Risk and Distressed Investments.
Exercise appropriate skill in line with delegated authority to submit, recommend or authorise credit submissions, payments and legal documentation as appropriate to a very high level and standard.
Ensure Homes England compliance with the terms of underlying transaction agreements including timely operational activity such as drawdowns, payments and provision of statements. Monitor and ensure client compliance with their obligations under the documentation.
Contributing to ongoing review of policies and procedures relating to all policies and procedures of portfolio management and where appropriate recommending and implementing change.
The skills we would like are:
Degree level qualification or equivalent experience of industry professional e.g. Banker, Accountant, Surveyor, Lawyer or similar.
Good experience and understanding of risk, proven Credit report writing and client management of a portfolio of development loans or investments in the real estate sector, including working with underperforming transactions.
Good organisational skills and the ability to prioritise own workload.
Good communication skills both verbal and written.
Possible line management responsibility for a small team of assistant portfolio managers.
How to Apply:
We are committed to attracting and employing the best candidate for the role, in addition to creating an inclusive workplace culture that supports diversity and inclusion.
To support this, we operate an anonymous recruitment process prior to interview. In order to help us maintain anonymity at this stage, you are required to remove all personal information from your CV. We are unable to consider CVs that do include personal information such as your first name, surname, sex, age, email address and home address.
Please ensure that your anonymized CV is a reflection of the competencies required as shown in the Job Description/Person Spec as this is how your application will be assessed against the role requirements. Please name your CV and completed Diversity Monitoring Form using your NI Number and return both by e-mail with the Vacancy Title and six digit reference number in the subject line, for example “Portfolio Manager - Development Finance (5I0095)" to email@example.com. If you do not have an NI Number, please contact us and we will provide a unique reference number.
It is important that you include your contact details on the diversity monitoring form; if you are successful at short-listing stage these details will be used to provide information regarding the next stage of the process.
Please include in the email subject line, the Vacancy Title and six digit reference number, for example "Portfolio Manager - Development Finance (5I0095)"