# Senior Director, Portfolio Monitoring - Real Estate

**Company**: OakNorth
**Location**: London
**Work arrangement**: hybrid
**Experience**: senior
**Job type**: Full time
**Category**: Finance
**Industry**: Finance

**Apply**: https://jobs.ashbyhq.com/oaknorth/0e711e1c-41de-4087-a529-f5038039861c?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_b567fffd-16b

## Description

We are seeking a Senior Director, Portfolio Monitoring - Real Estate to join our team at OakNorth. You will manage a book of complex real estate and property-backed loans, owning both the customer relationship and the post-origination credit risk.

**The Portfolio:** Our portfolio includes residential and commercial real estate, student accommodation, co-living and retirement living, and property-backed hotel and healthcare loans, with facilities ranging from investment, transitional, development and buy-to-let loans, to lender finance, including revolving credit facilities (RCFs) and loan-on-loan facilities to real estate lenders.

**What You'll Do:**

- Monitor the book: annual reviews, quarterly covenant testing, early warning signs and forward-looking stress testing.

- Manage RCFs and loan-on-loan facilities: approve new underlying loans against agreed criteria and monitor look-through LTV and interest cover, arrears and defaults across the underlying book.

- Make in-life credit decisions: approve drawdowns, annual reviews, valuations, waivers consents and extensions within your delegated authority.

- Manage distress: spot underperformance early, agree a clear strategy and lead negotiations with borrowers, sponsors and advisers.

- Present to credit committee: review and recommend credit papers and present them verbally.

- Lead the team: manage, develop and coach a team of Directors.

- Work with the India analyst team: direct day-to-day work, review outputs, coach analysts and work across time zones.

**What You'll Bring:**

- Extensive (10-15 Years) UK real estate lending or portfolio management experience.

- Experience of revolving credit, loan-on-loan or lender finance facilities.

- Strong credit appraisal, financial analysis and modelling skills.

- Experience of managing underperforming and distressed credits.

- A track record of negotiating confidently and presenting clearly.

**What We Offer:**

- Equity

- 25 days holiday plus personalised benefits

- Subsidised private medical insurance with Bupa

- Enhanced maternity and paternity leave

- Wellbeing and social events, plus in-house Barista Bar in the London office

- Volunteering time off

## Skills

### Required
- UK real estate lending
- portfolio management
- credit appraisal
- financial analysis
- modelling
- restructuring
- insolvency

### Nice to have
- AI tools
- LMA documentation
- revolving credit facilities
- loan-on-loan facilities

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Source: [Apply at jobs.ashbyhq.com](https://jobs.ashbyhq.com/oaknorth/0e711e1c-41de-4087-a529-f5038039861c?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)