Director, Debt Finance - Fund Finance

OakNorth; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in the UK is seeking a Fund Finance Originator to drive growth and build customer relationships. This role requires strong financial analytical skills and experience in originating deals within Fund Finance. The successful candidate will manage relationships and ensure a high level of customer experience, while also contributing to the company's growth missions.

Benefits

Equity in the business

25 days holiday

Subsidised Private Medical Insurance

Enhanced maternity and paternity leave

Wellbeing and social events

Qualifications

• Previous experience as an originator within fund finance.
• Experience in presenting credit case internally to a credit committee.
• Good understanding of business processes, strategy and credit policies.

Responsibilities

• Originate, structure, execute transactions that meet the lending requirements.
• Manage and develop existing customer relationships.
• Spread financial accounts and financial modelling.

Skills

In depth understanding of SMEs or Fund Finance banking environments

Excellent communication and customer facing skills

Strong credit, financial analysis and modelling skills

Problem solving ability

Education

Degree in Finance / Commerce or equivalent

Job description

Overview

At OakNorth, we’re looking for a Fund Finance Originator to help grow our Fund Finance offering in the UK. As a Director, you’ll use your network to source high-quality new deals, supporting our mission to help entrepreneurs and scaling businesses reach their potential faster through flexible finance and partnership. Since launching in 2015, OakNorth has lent more than $18 billion to ambitious entrepreneurs across the UK and over $1.5 billion in the US since summer 2023. That lending has helped create over 36,000 new jobs and 58,000 new homes, and we’re just getting started. Our directors take end-to-end ownership, combining credit discipline with an unmatched customer experience, pairing strong 1:1 relationships with the power of the OakNorth platform. Like our customers, we think and act like entrepreneurs, so an ownership mindset is key to success here.

Key Responsibilities

• Originate, structure, execute transactions that meet the lending requirements of OakNorth
• Manage and further develop existing customer relationships, along with identifying new relationships and opportunities in the market
• Work as part of a team on the execution of Fund Finance deals
• Build the profile of the Bank in the external market with, for example SMEs, KBIs, Advisors and Private Equity firms
• Assess appropriate organic and inorganic growth opportunities for OakNorth Bank in the market
• Spread financial accounts and financial modelling
• Analyse financial accounts and manage information and prepare credit memorandums
• Analyse financial models including forecasted cash flows and sensitivities to assess debt capacity and repayment
• Ensure transactions are documented in accordance with credit approved terms and credit sanctions
• Meet team and individual targets including profit, credit quality, new customers, retention and customer satisfaction
• Have an overview of ongoing relationship management and client experience
• Drive innovation in the product proposition to improve customer experience levels whilst maintaining asset quality
• Ensure high level of customer experience at all times
• Meet team and individual targets set by OakNorth ExCo, CEO and the Board
• Structure transactions appropriately, and provide full credit reports to sanctioning authority
• Maintain close relationships with customers and reporting to Credit in line with policy, in a timely manner
• Act in accordance with OakNorth Bank’s values at all times

What we are looking for

• In depth understanding of SMEs or Fund Finance banking environments
• Previous experience as an originator within fund finance
• A background in front office and risk within SME Commercial Banking
• Excellent communication and customer facing skills
• Good understanding of business processes, strategy and credit policies
• Strong credit, financial analysis and modelling skills, including the ability to write good quality, structured credit papers
• Experience in the analysis of senior, stretched senior and mezzanine cashflow unsecured transactions
• Experience in presenting credit case internally to a credit committee
• Strong problem solving ability
• Degree in Finance / Commerce or equivalent

Benefits and Perks

• Equity. We want people to have a stake in the business so that all our interests are aligned.
• 25 days holiday
• Personalized benefits – opt-in to what matters to you
• Subsidised Private Medical Insurance with Bupa
• Enhanced maternity and paternity leave
• Wellbeing and social events
• In-house Barista Bar in London office
• Support causes that matter to you – Volunteering time off
• Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)

About Us

We’re OakNorth Bank and we embolden entrepreneurs to realise their ambitions, understand their markets, and apply data intelligence to everyday decisions to scale successfully at pace. Banking should be barrier-free. It’s a belief at our very core, inspired by our entrepreneurial spirit, driven by the unmet financial needs of millions, and delivered by our data-driven tools. And for those who love helping businesses thrive? Our savings accounts help diversify the high street and create new jobs, all while earning savers some of the highest interest on the market. But we go beyond finance, to empower our people, encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.

OakNorth Bank was built on the foundations of frustrations with old-school banking. In 2005, when our founders tried to get capital for their data analytics company, the computer said ‘no’. Unfortunately, all major banks in the UK were using the same computer – and it was broken. No more what ifs, OakNorth Bank exists. For more information regarding our Privacy Policy and practices, please visit the privacy notice page described in the original posting.