Senior Associate – Real Estate Debt Asset Management

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

Job summary

Auricoe Limited is recruiting for a specialist real estate finance professional to join our London team. The role blends CRE development finance and loan portfolio management, supporting UK and European lending exposures.

You will review monthly construction drawdowns, assess budgets and covenants, analyse cash flows and monitor risk. We seek hands-on post-close CRE loan management experience, strong credit skills, and the ability to coordinate with borrowers, lenders and legal advisers in a

Qualifications

• Hands-on post-close CRE loan management and development finance experience.
• Strong credit analysis, financial modelling and property cash-flow assessment skills.
• Experience interpreting loan documentation and monitoring covenant compliance.
• Confidence managing borrower relationships and coordinating loan events.
• Understanding structured finance and risks of property-backed lending.

Responsibilities

• Review monthly construction drawdowns, monitoring surveyor reports and compliance with funding conditions.
• Assess development budgets, cost-to-complete, contingency headroom and borrower equity contributions.
• Analyse property cash flows, valuations, rent rolls and performance against business plans.
• Monitor credit risk and financial covenants, including LTV, DSCR/ICR and debt yield.
• Review loan documentation and prepare recommendations for borrower consents, waivers, amendments and extensions.
• Identify construction delays, cost overruns, funding shortfalls and refinancing risks.
• Maintain financial models and portfolio reporting, working closely with borrowers, lenders, surveyors, credit teams and legal advisers.

Skills

Post-close CRE loan management

Credit analysis

Financial modelling

Property cash-flow assessment

Loan documentation interpretation

Covenant monitoring

Borrower relationship management

Structured finance knowledge

Job description

Development Finance | London

£70K - 100K basic + bonus | Permanent

Hybrid: 4 days office / 1 day home

Do you have experience managing commercial real estate loans after closing, particularly development facilities with monthly construction drawdowns?

Auricoe is recruiting for a specialist real estate finance organisation, with the successful candidate embedded within a leading global investment bank’s London team.

This hands-on role combines CRE development finance and loan portfolio management, supporting UK and European real estate lending exposures.

The role

• Review monthly construction drawdowns, monitoring surveyor reports and compliance with funding conditions.
• Assess development budgets, cost-to-complete, contingency headroom and borrower equity contributions.
• Analyse property cash flows, valuations, rent rolls and performance against business plans.
• Monitor credit risk and financial covenants, including LTV, DSCR/ICR and debt yield.
• Review loan documentation and prepare recommendations for borrower consents, waivers, amendments and extensions.
• Identify construction delays, cost overruns, funding shortfalls and refinancing risks.
• Maintain financial models and portfolio reporting, working closely with borrowers, lenders, surveyors, credit teams and legal advisers.

Your background

You may currently work in real estate finance, development lending, CRE credit, loan servicing or debt portfolio management at a bank, debt fund, specialist lender or servicer.

We are particularly interested in candidates who bring:

• Hands-on post-close CRE loan management and development finance experience - 3+ years.
• Strong credit analysis, financial modelling and property cash-flow assessment skills.
• Experience interpreting loan documentation and monitoring covenant compliance.
• Confidence managing borrower relationships and coordinating loan events.
• An understanding of structured finance and the risks associated with property-backed lending.

Underwriters and lending professionals who retain responsibility for loans after closing are also encouraged to apply.

Why consider this opportunity?

You will gain direct exposure within an investment-bank team, take responsibility for substantive credit and development monitoring work, and develop your expertise across complex institutional CRE loans.