Credit Manager
1 week ago
Position Description: Credit Manger
A dynamic individual is required for a growing Development Finance business based in Central London to assist with the due diligence, administration and management of its expanding senior loan portfolio.
Company: Clearwell Capital is a boutique finance house, specializing in the provision of funding to experienced SME property developers in the UK Real Estate Market. In anticipation of the company completing a new funding line in Q1 25, we are looking to grow the team to facilitate new higher lending levels
Reports to: Head of Credit
Responsibilities to include:
· Operational review of relevant loan documentation
· Preparation of loan offer letters, instruction letters to the Company’s lawyers, valuers and Monitoring Surveyors
· Co-ordinating with the HoC regarding operational aspects of the closing process of all newly approved loans (e.g. due diligence, drawdowns, fees, conditions precedent and conditions subsequent)
· Ensuring that key loan information has been set up correctly on our software
· Prepare account/file maintenance process, including KYC verification, anti-money laundering collation and arranging files for credit review
· Monitoring of loans and key covenants as stated within the facility agreements
· Monthly review and update of loans on software system as QS reports are received, preparing payments against QS certificates as required for review with the ability to identify and escalate anything that appears of concern that is detailed within the reports
· Preparation of monthly statements and redemption statements for review
· Write and present credit applications for extension and amendment of existing loan terms
· Ensuring adherence to current policies and procedures and that company guidelines are accurately adopted
Skills/Experience:
· must have 5+ years experience within property development finance
· Previous experience of setting up bilateral loans in appropriate software packages – especially in connection with UK property development loans.
· Strong attention to detail
· Confident in using Excel
· Must be confident in working as part of a small team
· Can provide guidance to less experienced candidates that show a keen desire to learn and grow in this sector
This role is office based in London
Please provide a cover note detailing your experience of dealing with development finance loans.
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