Portfolio Manager

Recruitment Solutions (Folkestone) Ltd; Manchester; Hybrid; GBP 45,000 - 55,000; Full time

Job summary

A leading Bridging Lender offers an exceptional career opportunity for a Bridging Loan Portfolio Manager in Manchester, UK. The position involves managing loans, borrower relationships, and ensuring compliance with documentation. With a competitive salary and benefits, this role promises career progression within a dynamic organization.

Benefits

Comprehensive benefits

Competitive negotiable package

Long-term career progression

Hybrid working available after probation

Qualifications

• Experience in managing bridging loans and borrower interactions.
• Strong negotiation skills and knowledge of loan processes.
• Excellent record-keeping and CRM system usage.

Responsibilities

• Manage all borrower interactions once the loan draws down.
• Negotiate additional loan facilities and manage redemption dates.
• Liaise with borrowers regarding property works and funding opportunities.

Skills

Portfolio Management

Loan Management

Bridging Finance

Relationship Management

Negotiation

Tools

Microsoft Excel

Microsoft Outlook

Microsoft Word

Job description

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Ref: RP6029 Salary: £45,000 to 55,000 Contract Type: Permanent Location: Manchester, North West

Portfolio Manager

Ref: RP6029 Salary: £45,000 to 55,000 Contract Type: Permanent Location: Manchester, North West

Skill Set

Portfolio Manager, Loan Manager, Portfolio, Bridging Finance, Bridging Loan, Relationship Manager

An exceptional career opportunity is available, due to the company's success and expansion, for a Bridging Loan Portfolio Manager, with a leading Bridging Lender

A market leading package is being offered, including a competitive negotiable package, comprehensive benefits, bonuses, a long-term career in a dynamic organization, and career progression.

Base salary is very much dependent upon experience. Hybrid working available after successful probation.

Bridging Loan Portfolio Manager Main Requirements:

1. Undertaking the Pre-Completion Call
2. Dealing with all Borrower interaction once the loan draws down
3. Managing the satisfaction of Conditions Subsequent
4. Obtaining necessary documents (e.g., building insurance certificates; replacement AST documents; leases)
5. Maintaining satisfactory records of events during the life of the Loan (primarily but not exclusively using the CRM system)
6. Managing anticipated redemption dates
7. Negotiating additional loan facilities with the borrower (e.g., term extensions)
8. Instructing and liaising with our appointed Lawyer to document loan extensions
9. Escalating cases to the Credit Risk Manager/Managing Director
10. Preparation of updates to the Lenders/Funders that own the underlying loan
11. Within 5 days of loan completion, issuing a welcome letter to the Borrower including the assigned PM name and contact details
12. Checking security documents are correctly executed
13. Maintaining a list of executed security documents (as detailed in the Report on Title)
14. Monitoring registrations of charges to ensure proper registration
15. Monitoring Corporate Borrowers at Companies House, ensuring alerts are addressed, and filings are up to date
16. Liaising with Borrowers and/or appointed Project Monitoring Surveyor (PMS)/Asset Manager (AM) regarding property works to ensure timely, on-budget, and quality progress
17. Managing release monies for property works as per facility and PMS/AM instructions
18. Keeping up-to-date knowledge of tenants, payments, rents, and borrower activities for potential funding opportunities
19. Hosting borrower events to generate further loan opportunities and strengthen relationships
20. Representing the business at industry and social events as required
21. Assisting with possession and default claims or appointing receivers
22. Handling questions/queries from assignees and sub-funders
23. Understanding security documents and powers within

Bridging Loan Portfolio Manager Person Specification

1. Excellent Microsoft Excel, Outlook, and Word skills
2. Comfortable with change and process improvements
3. Contributing ideas to improve systems, processes, and controls
4. Managing competing priorities and deadlines
5. Covering colleagues’ roles during absences
6. Confidently escalating issues to management