Development Finance Portfolio Manager

City + Capital are currently representing a highly respected challenger bank who are actively seeking to appoint an experienced & knowledgeable Development Finance Portfolio Manager to their flagship development finance division.

The Company

Our client is a leading name in the real estate development finance market with a demonstrable track record of success in terms of supporting developers and SME businesses in obtaining the funds they require for commercial and residential developments.

The bank has achieved substantial growth in recent years with development funding at the heart of their strategy and future growth plans. They have designs to considerably increase the development loan book further, making this an important hire at an exciting time.

This hire forms part of a broader hiring plan for the bank and the development finance team in line with objectives.

Role Overview

As Portfolio Manager within the Development Finance team, you will play a key role in the ongoing management and performance of a portfolio of live development finance facilities.

Working closely with Lending Directors, Relationship Managers, Credit and external professional partners, you will provide hands on portfolio oversight, ensuring projects progress in line with approved budgets, timelines and strategies.

The role is heavily focused on proactive risk identification, strong credit stewardship and effective relationship management where you may be required to assist borrowers with new lending facilities, deal restructuring and refinancing opportunities.

You will undertake regular site visits alongside Quantity Surveyors, review cashflows and variances, monitor construction progress and unit sales, and produce high quality portfolio reporting for senior stakeholders and committees.

This role is well suited to an individual with strong development finance experience who enjoys being close to live projects and playing a critical role in successful delivery.

Responsibilities

• Oversee and manage a portfolio of live development finance loans, ensuring performance in line with approved terms

• Monitor build progress, budgets, timelines, loan expiries, interest tranches and unit sales

• Conduct regular site visits and liaise with borrowers, Quantity Surveyors and construction teams

• Review cashflows and variances, identifying risks relating to delays, cost overruns or sales performance

• Complete monthly portfolio analysis including time delays and cost overrun reporting

• Prepare portfolio updates, credit papers and restructuring recommendations where required

• Maintain accurate portfolio records and systems, producing high quality reporting for Committees and reviews

• Work closely with Lending Directors, Relationship Managers and Credit teams to support portfolio performance

• Contribute to portfolio strategy, borrower retention initiatives and improvements to systems and reporting

The ideal candidate for this role must be highly experienced in ground-up development finance lending with excellent relationship building skills. You will have a solid understanding of what a good development deal looks like, underpinned by excellent credit risk principles.

Candidate Requirements

• Current or previous experience within development finance or property lending

• Strong understanding of residential development finance and credit risk principles

• Experience managing live development loans post completion

• Comfortable conducting site visits and engaging with borrowers and professional partners

• Strong analytical skills with excellent attention to detail

• Confident communicator, able to work collaboratively across internal and external stakeholders

• Good awareness of UK property market trends

On Offer

Our client is ideally looking to pay up to c £75k as a basic salary for the ideal individual, relevant to experience. Higher offers may also be considered for exceptional development finance portfolio management experience.

Salary will be complemented by access to our client's fantastic bonus scheme too, which will allow you to significantly increase your earnings, based on performance.

Notably, our client is in growth and operate a very strong and…