Head of Credit
2 weeks ago
My client is an established Alternative Finance Lender who provides Development and Bridging Finance.
About the Role
We are seeking a highly experienced Head of Credit Risk and Portfolio Management to lead, develop, and manage the credit risk framework and portfolio management function. Reporting directly to the CEO and Board, this is a senior leadership role requiring a strategic mindset, technical expertise, and strong management skills.
You will be responsible for overseeing the entire credit risk lifecycle, from setting frameworks and policies to underwriting and portfolio monitoring. You will play a pivotal role in shaping the credit risk strategy and ensuring its alignment with the business's growth objectives, maintaining the highest standards of credit risk management, and fostering a culture of excellence within your team.
Key Responsibilities
Strategic Leadership:
- Collaborate with the CEO, Origination Team, and Credit Committee to set, innovate, and adapt the credit risk framework to align with the business’s evolving risk appetite and growth.
- Provide independent, expert advice to the CEO and Board on credit risk and portfolio management strategies.
- Oversee and continually improve underwriting, risk, and credit policies, processes, and frameworks.
Team Management:
- Lead and develop the Credit and Portfolio Management teams, ensuring high performance and professional development.
- Ensure the delivery of robust analysis and recommendations from your team.
Credit Risk Oversight:
- Review and sign-off on key credit policy documentation and underwriting documents.
- Ensure a seamless and efficient credit committee process, including timely preparation and review of loan submissions, clear communication of conditions precedent, and concise minutes.
- Provide commercial insights and sound judgement to support loan structuring and risk mitigation strategies.
Borrower & Transaction Management:
- Oversee borrower due diligence, including structuring of loan facilities and engagement with external professionals.
- Ensure the accuracy and quality of all legal, valuation, and project monitoring reports presented to the Credit Committee.
- Professionally manage relationships with advisors and ensure alignment with service expectations.
Execution and Compliance:
- Approve all key transaction elements, including facility letters, security documentation, and compliance requirements (e.g., KYC).
- Manage post-drawdown tasks, including build monitoring, compliance with development covenants, and site visits.
Portfolio Management:
- Lead the Loan Monitoring and Watchlist process, ensuring dynamic credit grading and regular reporting to senior management.
- Implement and manage default and restructuring strategies to maximize recovery and mitigate risk.
Exit Management:
- Oversee project sales strategies, including milestones, security discharges, and distribution approvals.
Experience and Skills Required
- 15+ years of credit risk experience in a real estate lending environment (e.g., bank, non-bank lender, or debt fund).
- Degree qualified; financial/accounting qualifications are advantageous.
- Deep knowledge of the UK residential property market and development finance.
- Exceptional skills in structuring deals and managing complex transactions.
- Strong numerical skills and proficiency in Excel, including IRR modelling.
- Proven ability to lead and develop teams, with exceptional attention to detail and a rigorous, methodical approach.
- Clear and effective communication skills, both written and verbal.
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