Senior Associate - Credit - CRE

About Us

At Oak North, we're on a mission to empower ambitious businesses and the communities they serve. Since 2015, we've lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while driving economic growth in the markets we serve.

At Oak North, we're on a mission to empower ambitious businesses and the communities they serve. Since 2015, we've lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while driving economic growth in the markets we serve.

The CRE Credit team sits within Oak North Bank's US Lending business and owns credit risk across the commercial real estate portfolio.

The Senior Associate - Credit, CRE plays a key role in the assessment and structuring of commercial real estate transactions, typically ranging up to $30m, across a diverse mix of asset classes and risk profiles. Reporting to the Senior Credit Director, you will work day-to-day alongside Debt Finance, Credit Analytics and the Transaction and Execution Team — driving credit risk decisions from initial review through to committee approval and closing.

This is an in-office role based.

• Lead credit risk assessment on CRE transactions across a mix of asset classes — including construction, bridge, value-add and stabilized lending — producing well-reasoned recommendations that are ready for senior committee presentation.
• Drive transaction structuring to appropriately reflect identified risks, shaping the covenant package, reserve mechanics and security — and working with the Transaction and Execution Team to ensure those protections are reflected in final documentation.

• 3-5 years of commercial real estate credit experience ideally gained at a bank or regulated lending institution, with direct deal experience across a mix of asset classes.
• A track record of leading CRE transactions independently — not just in a support capacity — including development and value-add deals up to and around the $30m range.
• The ability to produce concise, decision-focused credit memoranda — clear on the thesis, honest on the risks, and usable by both committee and colleagues.

• Familiarity with US CRE regulatory expectations within a banking environment.

• 401k plan with Principal (Oak North match up to 4%)
• Medical Care (managed through Insperity) — employees can add their family to their plan if needed
• Dental & Vision bundle
• Insperity Health Savings Account Programme — a tax-advantaged employee benefit which can help manage health care costs by allowing employees to set aside some of their current earnings on a pretax basis for reimbursement of qualified health care expenses during the plan year
• Employee Assistance Programme (EAP)
• 20 days Holiday