Deputy Head of Credit
Our Central London client in the Banking sector is seeking a Deputy Head of Credit to join as soon as possible with a salary of £80,000 - £90,000 on offer. This role comes with a great perks package including generous holiday.
What does the role entail?
Working as a Deputy Head of Credit your main job roles will be:
1. Providing support to the Head of Credit including deputising and presenting to senior management committees.
2. Underwriting and credit risk assessment for real estate loans of up to £30 million, including residential and commercial BTL mortgages, Commercial mortgages, and bridging/development finance.
3. Evaluation and underwriting loan proposals for sector/products such as care homes, hotels, syndication loans, bridging finance, ensuring risks highlighted and mitigation strategies are in place.
4. Review and give an independent view of loan applications ensuring compliance with credit policy prior to presentation to credit committee.
5. Provide recommendation for updates of lending policies & procedures.
6. Guidance and mentorship to credit team (4 credit analysts) ensuring they make sound and timely decisions and follow existing policy.
7. Monitor portfolio management of new and existing clients via quarterly and annual reviews.
8. Production of credit MI for local group purposes providing in-depth loan book analysis.
9. Other ad hoc duties assigned from time to time by senior management.
What skills will you have?
The ideal candidate for this role will have:
1. A minimum of 5 years experience working in a credit approvals environment.
2. Strong decision making essential with detailed rationale provided.
3. Prior/current holder of a delegated lending mandate of a minimum £2 million.
4. Expertise in underwriting real estate finance, commercial mortgages, Buy-to-let loans, development loans, bridging finance and hotel & care home financing. Also, Syndicated loans experience is preferable but not essential.
5. Experience in assessing complex financial statements, cash flow models and credit structures.
6. Should have thorough knowledge in various areas of credit administration including process of proposals, credit analysis, security etc.
7. Experience in presenting to the credit committee & board committees.
8. Regulatory compliance knowledge and understanding of industry best practices.
What is on offer?
This permanent Deputy Head of Credit position is the opportunity to join a supportive but hardworking team. The salary is £80,000 - £90,000 per annum. A great incentive package is also available.
How to apply?
To be considered for this Deputy Head of Credit position please click apply now.
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