Asset Manager

Stellar Select Limited; City Of London; Hybrid; GBP 45,000 - 50,000; Full time

Job summary

A leading recruitment agency is seeking an experienced Asset Manager for a high-impact role involving development and refurbishment projects. The candidate will manage borrower relationships and influence portfolio performance. Responsibilities include monitoring schemes, assessing compliance, and managing underperforming loans. Strong experience in property development and excellent communication skills are essential. The role is hybrid, requiring office attendance at least two days a week, with a salary of up to £50,000 plus benefits.

Qualifications

• Strong experience in property development, construction, or refurbishment oversight.
• Ability to read and challenge technical documentation.
• Working knowledge of planning processes and compliance.

Responsibilities

• Review and approve drawdown requests on active schemes.
• Evaluate proposed schemes pre-funding and identify risks.
• Manage loans showing early signs of distress and develop recovery strategies.
• Produce concise internal reports for senior management.

Skills

Property development

Construction oversight

Risk assessment

Stakeholder communication

Team collaboration

Job description

Job Title: Asset Manager (Development and Refurbishments)

Location: North London Hybrid At least 2 days a week in the office

Salary: Up to £50,000 + Benefits

Hours: Monday to Friday 9:30 am to 5.30 pm

About the position of Asset Manager:

This is a high-impact role for someone who thrives on responsibility, has a strong understanding of development/refurb processes, and can confidently manage borrower relationships. You'll work closely with underwriting, servicing, credit and senior management, and have a direct influence on portfolio performance and exit strategies.

Responsibilities for the role of Asset Manager:

• Development & Refurbishment Monitoring - Review and approve drawdown requests on active schemes. Monitor progress, cost-to-complete, variations, delays, and QS/monitoring surveyor reports. Escalate issues with structured mitigation plans.
• Pre-Completion Technical Assessment - Evaluate proposed schemes pre-funding, including scope, programmes, cost plans, drawings/specifications, insurance, and warranties. Identify gaps, buildability concerns, and risks to viability or delivery.
• Planning & Regulatory Compliance - Assess planning status, conditions, S106/CIL obligations, and discharge requirements. Liaise with architects, planning consultants, and local authorities. Ensure ongoing compliance throughout the loan lifecycle.
• Distressed & Underperforming Loans - Manage loans showing early signs of distress or scope deviation. Work with borrowers, QS, valuers, contractors, and solicitors to develop recovery strategies. Support enforcement, LPA receiver engagement, cost-to-complete reviews, and disposal strategies to protect GDV, timelines, and lender exposure.
• Portfolio Management & Reporting - Maintain borrower communication and team coordination. Produce concise internal reports for senior management and Directors. Contribute to credit committee packs for high-risk assets. Support underwriting with risk insights and exit planning.

Experience and skills required for the role of Asset Manager:

• Strong experience in property development, construction, development management, or refurbishment oversight.
• Ability to read and challenge programmes, cost plans, schedules of work and technical documentation.
• Working knowledge of planning processes, S106, CIL, building control and construction compliance.
• Robust risk assessment skills with confidence in making commercial judgments.
• Excellent communication skills with a variety of stakeholders.
• A team player who thrives in a fast-paced environment.

Desirable:

• Experience within property lending, development finance, monitoring surveyors or consultancy.
• Exposure to distressed asset management, enforcement or receivership.
• Familiarity with lender-side reporting and managing multiple schemes concurrently.

For more information regarding the role of Asset Manager, please get in touch

Stellar Select is acting as an employment agency and is a corporate member of the REC.

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.