Director, Debt Finance - Real Estate

OakNorth; Birmingham; On-site; GBP 75,000 - 100,000; Full time

Job summary

A leading bank is looking for a Real Estate Director in Birmingham to originate high-quality deals while maintaining credit discipline. This role offers autonomy in decision-making, focusing on fostering relationships and driving business growth in the Real Estate sector. The ideal candidate will have strong financial analysis skills and experience in credit processes, along with a degree in finance or commerce.

Benefits

Equity participation

25 days holiday

Personalized benefits

Subsidised Private Medical Insurance

Enhanced maternity and paternity leave

Volunteering time off

Salary sacrifice schemes

Qualifications

• In-depth understanding of the Real Estate market across the Midlands.
• Strong network in the sector.
• Experience in presenting credit cases to a credit committee.

Responsibilities

• Originate, structure, and execute transactions that meet lending requirements.
• Manage and develop customer relationships.
• Ensure transactions adhere to credit approved terms.

Skills

Communication

Financial Analysis

Problem-Solving

Education

Degree in Finance / Commerce

Job description

Since our launch in 2015, we’ve lent over £13bn to ambitious entrepreneurs across both the UK and US. That’s led to the creation of over 40,000 new jobs and over 29,000 new homes – and we’re not about to stop there. We’re dedicated to helping trailblazing businesses thrive and our Debt Finance team are the drivers of our growth.

This is a fantastic opportunity to join a fast-paced, growing bank with a reputation for doing things differently. We don’t want another cog in the machine, we’re looking for bold thinkers who are passionate about supporting the UK’s best and brightest business people.

In a nutshell, the mission of a Real Estate Director is to independently originate high-quality new deals that meet OakNorth’s purpose of supporting ambitious entrepreneurs and profitable growing businesses. They’ll take full ownership of the entire process, from initial deal origination to successful execution, with a strong focus on credit discipline and driving customer delight.Working closely with senior leadership, the Director will have the autonomy to choose the deals they pursue, embracing an entrepreneurial approach at every step.

You will:

• 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 real estate and property transactions
• 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 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
• Drive innovation in the product proposition to improve customer experience levels whilst maintaining asset quality
• Ensure a 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 prove 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

You have:

• In-depth understanding and strong network of the Real Estate market across the Midlands
• 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
• Legal documentation skills
• Experience in presenting credit cases 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

• 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.

Our story

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.

Why was it so difficult for a profitable business with impressive cashflow, retained clients, and clear commercial success to get a loan?

The industry was backward-looking and too focused on historic financials, rather than future potential.

So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? One that offered a dramatically better borrowing experience for businesses?

No more what ifs, OakNorth Bank exists.

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