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