Renaissance Asset Finance

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- Renaissance Asset Finance (RAF) provide unregulated fixed term finance to its chosen customer market of small and medium sized enterprises and high net worth individuals. These are generally introduced to RAF via a network of brokers with whom RAF establishes close working relationships. The majority of the assets financed by RAF comprise of higher value private cars, collectors’ cars, purpose built taxis, coaches and other specialist vehicles. RAF also funds the purchase of a range of commercial plant and machinery as well as a limited volume of business critical soft assets. RAF prefers to finance assets that have strong collateral characteristics and identifiable second hand markets.- Renaissance Asset Finance Limited (RAF) was established by its founder shareholders in February 2014. Following the exchange of contracts on 20th December 2016 between RAF’s shareholders and Arbuthnot Latham & Co., Limited (AL), and subsequent regulatory approval, RAF became a wholly owned subsidiary of AL in April 2017.**Job Purpose**:

- To evaluate, analyse, and approve credit proposals and revisions to underwrite structured finance deals and maintain the portfolio through a consistent level of credit risk assessment and ensure adherence to all policies and procedures.
- Assist with the preparation of credit papers for submission to AL/Credit Committee
- To be able to process high volumes of new business proposals and promote a high level of service to RAF’s brokers, suppliers, and customers within strict time deadlines
- To assist the Head of Credit in the achievement of critical KPI’s for the asset finance sales support department
- To maintain an awareness of and compliance with legal processes and statutory requirements in new business with reference to the Consumer Credit Act, Data Protection Act and Anti Money Laundering Procedures and Fraud.
- The role will require attending virtual and in person meetings with key brokers at Sales request as well as ensure regular contact on proposal with brokers to help make the difference through with positive discussion and negotiation on potential transactions as required.
- Ensure that online training and regulatory reading is completed on time

**Key**
**responsibilities***:

- Risk: Delivery of lending decisions based on an overall consideration of risks and mitigants, with level of underwriting applied to each case being proportionate to the risk.Ensure low levels of arrears and losses whilst balancing the requirement to be seen as a flexible and balanced lender in the specialist sector
- Lending Policy: Ensure underwriting decisions are followed and adhered too
- Customer Centricity: Leading by example to ensure the customer is placed centrally in the conduct everything we do
- Quality: Ensure that all records have details to show the full rationale and thought process in deciding and that the administration is good.
- Compliance: Ensuring policies, limits, regulations, and laws are followed and online training and regulatory reading is done within their team, or elsewhere in the Bank
- Collaboration: Working effectively individually and as a team with the various functions of RAF and AL

**Key Interfaces**:
Primary Internal:

- Head of Credit, RAF
- RAF Leadership team
- AL CRO & Senior Credit & Risk team members
- AL Compliance team

Primary External:

- Brokers, Vendors, Introducers & Customers
- Suppliers

**Person Specification**

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- Experience in the Asset Finance sector in the capacity of working in a decision-making function
- To analysis a set of financial accounts, including assessing affordability, serviceability, and cash flow in proposals up to £1m
- Strong numeracy and literacy skills together with an excellent eye for detail
- Excellent administrative, organisational and communication skills
- Self-motivation and team player