Raf Head of Credit

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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 lead, oversee and manage all aspects of the asset finance and block discounting business including underwriting, collections and asset management and portfolio management functions
- To establish robust credit processes and controls and to execute against them to ensure that RAF delivers outstanding customer service whilst maintaining the quality of the asset finance and block discounting portfolios
- To ensure development, direction and management of strategic initiatives promoting business diversity and long term performance plans

**Key Responsibilities**
- Underwriting - responsible for the underwriting function and adherence to approved Credit Policy for the asset finance and block discounting business. To underwrite individual transactions and credit facilities within agreed business appetite, policy and delegated authority framework
- Credit department - to resource, develop, performance manage and motivate the credit team to achieve the company’s objectives. To line manage and coach all direct reports, including all aspects of performance management, development, conduct, sickness management and appraisals
- Portfolio management - to be accountable for the overall quality of the asset finance and block discounting portfolios
- Collections - To manage and run the collections department to ensure potential losses are mínimal and within budgeted expectations and to ensure the highest levels of customer service quality and competency are maintained thereby minimising risk and costs. The maintenance of robust collections procedures in line with company policy and regulatory requirements.
- Risk - responsible for the risk function including reporting of same. To appraise the credit and risk position of the company and to provide reports on business performance, profitability and growth as required. To provide timely production of management information and to ensure the continued development of quality management information to support better decision making.
- Responsible for managing risks inherent to the role by diligently observing internal policies and procedures _(applicable to all employees)_

**Key Interfaces**
- Managing Directors
- Credit
- Underwriting team
- Debt Collections team

**Person Specification**

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**Knowledge / Experience**
- Extensive industry specific knowledge and experience
- Extensive underwriting and credit decision making experience
- Detailed understanding of unregulated asset finance transactions and Consumer Credit Act exemption rules
- Long term leadership experience at both team and senior management level
- A sound knowledge and understanding of collection management strategies and insolvency procedures.

**Competencies**
- Client focus
- Business and commercial focus
- Team working
- Expert knowledge
- Planning and reviewing
- Leading others
- Creativity and innovation
- Judgment and problem solving