Portfolio Manager - #980315

Recruitment Solutions (Folkestone) Ltd


Date: 3 weeks ago
City: Manchester
Salary: £40,000 - £55,000 / year
Contract type: Full time
Work schedule: Full day
Recruitment Solutions (Folkestone) Ltd

An exceptional career opportunity is available, due to the company's success and expansion, for a Bridging Loan Portfolio Manager, with a leading Bridging Lender



A market leading package is being offered, a competitive negotiable package, comprehensive benefits and bonus, a long-term career in a dynamic organisation and career progression.



Base salary is very much dependent upon experience.



Portfolio Manager Main Requirements



Undertaking the Pre-Completion Call



Dealing with all Borrower interaction once the loan draws-down



Managing the satisfaction of Conditions Subsequent



Obtaining of documents as required (e.g., building insurance certificates; replacement AST documents; leases)



Maintenance of satisfactory records of events during the life of the Loan (primarily but not exclusively using the CRM system)



Managing anticipated redemption dates



Negotiating additional loan facilities with the borrower (i.e., term extensions)



Instructing and liaising with our appointed Lawyer to document loan extensions



Escalating cases to the Credit Risk Manager/Managing Director



Preparation of updates to the Lenders/Funders that own the underlying loan.



Within 5 days of the loan completing issue, addressed to the Borrower our welcome letter which includes the assigned PM name and contact details.



Checking security documents are correctly executed.



Maintaining list of executed security documents (as detailed in the Report on Title)



Monitoring registrations of the charges to ensure they are properly registered.



Monitor Corporate Borrower’s at Companies House where any alerts are provided and ensure that Confirmation Statements and accounts filed on time and that there are no changes of directorships.



Where works are being undertaken to the property liaise with the Borrower and/or our appointed Project Monitoring Surveyor (PMS)/Asset Manager (AM) to ensure works are progressing on time, on cost and of quality.



Where works are being undertaken to the property from the facility allows, action any potential release monies in accordance with our appointed PMS/AM



Up to date knowledge of tenants, payments, rents, next rent payment due. Understanding borrowers’ activity in other purchases to see if they want to fund other projects through us.



Hosting borrowers at events (out of hours and weekends) to generate further loan opportunities and strengthen/develop relationships.



Representing the business at industry sector and social events as required by the business.



Assisting with possession claims and default claims or appointing receiver’s



Be able to deal with questions/queries from assignees and sub funders.



Understanding the suite of security documents and powers conferred within.



Portfolio Manager Person Specification



Have excellent Microsoft Excel, Outlook, and Word experience.



Be comfortable with change and invoking process change.



Be prepared to contribute to ideas to improve finance systems, processes, and controls; and support their implementation.



Be able to manage competing priorities and deliver on time deadlines.



Cover colleagues’ roles during periods of absences.



Be confident to escalate issues to management.

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