Senior Loan Asset Manager

  • GBP50000.00 - GBP60000.00 per annum + bonus and benefits
  • Borehamwood, England, United Kingdom Borehamwood England GB
  • Permanent, Full time
  • Cobalt Recruitment
  • 23 Apr 18 2018-04-23

Our client is a well established alternative Real Estate Finance lender based in Borehamwood who, due to continued growth, is looking to hire a Loan Asset Manager to manage a portfolio of short-term loans secured on commercial and residential property.

Our client is a well established alternative Real Estate Finance lender based in Borehamwood who, due to continued growth, is looking to hire a Loan Asset Manager to manage a portfolio of short-term loans secured on commercial and residential property.

Key Responsibilities:

  • Administration control of residential developments located throughout the UK but predominantly in London and the South of England
  • Loan management issues including repayment of interest, loan renewals and loan repayment
  • Maintenance of property insurance, payment of ground rent and service charges
  • Realisation of assets and completion of unfinished developments where necessary
  • Review QS reports and action issues / queries
  • Liaise with developers and their professional advisors
  • Regular site visits

Management Responsibilities:

  • Management of day-to-day issues arising in a growing loan book
  • Provide technical advice to underwriting department including review of valuations and reports on title
  • Interface with monitoring surveyors and legal advisers, valuers and LPA receivers
  • Monitoring construction progress by regular site visits and draw down of stage advances on
  • development loans
  • Monitoring development loans as to budget and program
  • Maintaining loans within credit mandate
  • Regular liaison with borrowers
  • Recovery of arrears of interest
  • Dealing with expired loans by negotiating repayment, extension or renewal
  • Approval of redemptions and release of security

Please apply online with your current CV if you are interested in this role.