Senior Associate – CRE Development Finance & Loan Asset Management

Auricoe; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

Auricoe Limited in London (Canary Wharf) seeks a Senior Associate to oversee CRE development finance and loan asset management, focusing on development and construction facilities after closing. The role covers UK and European loans, with direct borrower engagement and funding recommendations.

You will assess drawdowns, monitor risk, and work with the bank’s origination and credit teams to maintain performance and clear reporting on loan performance and emerging risks.

Qualifications

• At least three years’ CRE lending or loan asset management experience.
• Experience monitoring development loans after closing.
• Ability to assess construction funding requests and related reports.
• Understanding of how debt, equity and contingency cover completion costs.
• Strong Excel modelling and client communication skills.

Responsibilities

• Review construction drawdowns against programme, cost-to-complete and funding conditions.
• Identify delays/cost overruns and assess impact on completion and repayment.
• Evaluate borrower requests for consents/waivers and extensions with lender protections.
• Analyze property cash flows, valuations, rent rolls, and covenant compliance.
• Manage relationships with sponsors, borrowers, surveyors and lawyers; coordinate with origination and credit teams.
• Maintain financial models and reporting on loan performance and risks.

Skills

Excel modelling

Loan documentation

Borrower communication

Credit monitoring

Financial analysis

Job description

Senior Associate – CRE Development Finance & Loan Asset Management

London, Canary Wharf | £70,000–£100,000 basic + bonus | Permanent

Four days in the office / one day from home

Do you personally assess construction drawdowns, monitor development funding and recommend action when a property loan moves off track?

Auricoe is recruiting a CRE debt professional to join a specialist real estate finance organisation, embedded within a leading global investment bank’s London team.

You will manage UK and European commercial real estate loans after closing, with a particular focus on development and construction facilities. The role combines detailed credit analysis, direct borrower engagement and recommendations on funding requests, amendments and emerging risks.

Your responsibilities

• Construction drawdowns: Review monitoring surveyor/QS reports, progress against programme, cost-to-complete, contingency, borrower equity and compliance with funding conditions.
• Development risk: Identify delays, cost overruns, contractor issues and funding shortfalls; assess their implications for completion and repayment.
• Loan events: Evaluate borrower requests for consents, waivers, amendments and extensions, preparing recommendations and identifying appropriate lender protections.
• Credit monitoring: Analyse property cash flows, valuations, rent rolls, business plans and covenant compliance, including LTV, DSCR/ICR and debt yield.
• Borrower relationships: Work directly with sponsors, borrowers, surveyors and lawyers, coordinating with the bank’s origination and credit teams.
• Portfolio analysis: Maintain financial models, assess refinancing and exit prospects, and deliver clear reporting on loan performance and emerging risks.

The experience we need

You will have at least three years’ relevant CRE lending or loan asset management experience, including personal responsibility for monitoring development loans after closing.

You should be able to demonstrate:

• Practical assessment of construction funding requests and supporting technical reports.
• An understanding of how remaining debt, borrower equity and contingency cover the cost of completing a scheme.
• Credit judgement when assessing changes to a development’s programme, budget or exit strategy.
• Experience preparing recommendations on borrower requests or deteriorating loan performance.
• Strong Excel modelling, loan documentation and borrower communication skills.

Your background could be with a bank, real estate debt fund, specialist development lender or loan servicer. Underwriters and lending managers who retain responsibility for facilities after completion are particularly relevant.

At Senior Associate level, you should be comfortable taking ownership of your portfolio, challenging borrower assumptions constructively and progressing complex matters with appropriate escalation.

Why consider the move?

• Work within a leading investment bank’s CRE lending environment.
• Manage complex institutional development and investment loans.
• Take responsibility for substantive funding and credit recommendations.
• Build close relationships with borrowers, sponsors and senior lending professionals.

Salary within the advertised range will reflect the depth of relevant experience and level of responsibility.