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    Credit Risk Portfolio Associate - London, United Kingdom - LendInvest

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    Full time
    Description

    About the role

    This specialist role is to lead recoveries on complex short-term Development Finance and Bridging Finance lending cases that have failed to repay and require specialist knowledge of debt recovery to mitigate the risk of losses. The role will involve significant on-site time working with borrowers, LPA Receivers, Administrators, and the LendInvest senior team to ensure the nature of the security is fully understood and to subsequently recommend and oversee actions to recover the outstanding debt.

    The job holder must have proven expertise in real estate finance and debt recovery, including planning, building regulations, legal, insurance, and corporate/personal insolvency.

    The job holder will report to the Director of Portfolio Risk and will be required to work with the broader collections and loan servicing team adding insights and value to all aspects of the management of the LendInvest loan book.

    About your work

  • Direct ownership for the management of distressed assets including working with LPA receivers, solicitors, and related third parties
  • Visit securities to manage both the borrower relationship and risk profile, understanding the ongoing viability of the security and potential exit options
  • Coordinate professional teams as required to assist with the smooth completion of construction projects
  • Collaborate in high-risk and debt work-out forums, to provide oversight and direction on all types of lending exposure
  • Proactively contribute to collections forums and identify cases where your expertise can be applied
  • Providing the Investment & Credit Committee with timely and relevant management information on exposure to loss, workout strategies on recovery cases, changes to planning, or other regulations or laws impacting property lending
  • Support the completion of the IFRS 9 provisioning routine concerning expected recoveries
  • Provision of timely and accurate data
  • Working closely with the Head of Loan Servicing to ensure recovery activities are closely aligned.
  • Ensuring that all property recovery matters are handled appropriately and in line with responsible lender practices
  • Taking appropriate and proportionate action to mitigate losses
  • Demonstrate a robust relationship with receivers and solicitors, ensuring actions to recover are dealt with swiftly, cost-effectively, and appropriately
  • Establish and maintain positive SME relationships with other key departments such as Sales, Operations, Development Finance, and Underwriting
  • About you

  • Experienced in managing and recovering distressed real estate debt
  • Experience in UK Property Lending
  • Ability to manage project teams and a good understanding of the development and planning process
  • Experience in critically assessing and challenging development finance construction plans and budgets
  • Resilient and committed with the ability to engage with a variety of stakeholders and gain their confidence
  • Ability to build strong but robust relationships with demanding/challenging clients
  • Dispassionate and independent thinker, but at all times collaborative
  • Ability to work on own initiative to drive out strategies and processes to mitigate exposure to non-performing loans
  • Capable and experienced in dealing with a high-volume workflow and prioritising accordingly
  • Understanding of Treating Customers Fairly (TCF) and Conduct Risk
  • Ability to analyse data and produce management reports
  • RICS, building surveying, or similar professional qualifications are beneficial but not essential
  • Benefits & perks

    Hybrid working policy
    25 days holiday
    Private healthcare
    Enhanced parental leave
    Matched pension contributions
    Critical illness cover
    Employee Assistance Programme & mental health support
    Life assurance
    Leadership training for managers
    Volunteering day
    Give as you earn scheme for charitable donations
    Support for attending conferences and professional learning & development
    Discounts via Perkbox
    Cycle to work scheme
    Season ticket loan
    Electric car loan scheme
    Monthly socials & annual offsite


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