Since our launch in 2015, we’ve lent over £10bn to ambitious entrepreneurs up and down the UK. That’s led to the creation of over 40,000 new jobs and over 29,000 new homes – and we’re not about to stop there. We’re dedicated to helping trailblazing businesses thrive and we have a new opportunity within our Workout & Restructuring team.
This is a fantastic opportunity to join a fast-paced, growing bank with a reputation for doing things differently. We don’t want another cog in the machine, we’re looking for self-starters and bold thinkers who want to pave their own career paths and are passionate about supporting the UK’s best and brightest businesspeople.
In a nutshell, the mission of an Associate Director, Workout & Restructuring is to assist in managing the bank’s distressed loan book with a focus on real estate customers including investment and development loans.
Are you ready to step up to the challenge?
Responsibilities:
- Assist in the development of strategies and on cases which are considered straightforward.
- Assist and support Director and Senior Director on more complex cases.
- Implement strategies to maximise recovery and reduce risk and losses for the bank.
- Liaise with Solicitors, Insolvency Practitioners and other associated professionals.
- Coordinate team provision requirements, write offs, based on estimated recovery outcomes.
- Support the senior team in adhering and developing the team’s risk management and internal control processes.
- Assist in analysing economic, political and market events, which may have an impact on the portfolio and make risk management recommendations.
- Work collaboratively with a team of analysts to achieve all the above.
Requirements:
- Working knowledge of restructuring and insolvency/recovery techniques and previous experience in assisting in restructuring problem loans to achieve a satisfactory credit risk position.
- Ensure credit risk and procedures are effectively complied with.
- Assess the credit risks of new business initiatives.
- Build relationships with key stakeholders (both internal and external), provide advice, support and solutions on a broad range of credit risk issues.
- Ability to manage cases, prioritise work and adjust to multiple demands.
- Experience in dealing with real estate lending and security documentation.
- Experience and interest in development finance.
- Excellent verbal and written communication skills including competent credit report writing.
- Excellent analytical skills with attention to detail, including strong ability to analyse, document, simplify and effectively deal with technical and business matters and processes.
Benefits & Perks:
- Equity. We want people to have a stake in the business so that all our interests are aligned.
- 25 days holiday
- Personalized benefits – opt-in to what matters to you
- Subsidised Private Medical Insurance with Bupa
- Enhanced maternity and paternity leave
- Wellbeing and social events
- In-house Barista Bar in London office
- Support causes that matter to you – Volunteering time off
- Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)
