Associate Director - Asset Surveillance

Associate Director - Asset Surveillance

City of London

Permanent 

£60,000 - £85,000

cer Financial are working alongside a financial services company who are based in the City of London / Norwich. They are seeking an Associate Director - Asset Surveillance to work with them on a permanent basis.

The responsibilities of an Associate Director - Asset Surveillance will include:

·Monitor, report and advise key stakeholders on CRE asset management and loan asset management strategies involving a portfolio of performing loans and non-performing loans.

·Provide advice and recommendations to Lender credit function on issues relating to watch-listed and non-performing loans.

·To oversee the performance of a dedicated client focused team servicing one or more clients.

·Collect and analyse Borrower reports (rent rolls, operating statements, covenants calculations etc.) and other third-party information necessary to compile periodic scheduled loan asset management and collateral reporting.

·Review and analyse development finance documentation, review development cash flow and budget forecasts from Project Monitor reports vs underwriting assumptions and provide advice to Lenders regarding development costs and timing.

·Undertake risk assessment of individual loans, underlying collateral and Borrower to determine risk ratings for each loan.

·Maintain Watch List of loans considered to be higher risk and provide advice regarding possible remedies and exit strategies.

·Support Lender credit function with details concerning any concession/waiver requests from the Borrower including reasoned advice and recommendations.

·Liaise between Lender’s in-house asset management and credit functions and external third-party professionals including legal, valuers and property management companies.

·Coach junior members of the Asset Surveillance and wider Primary Servicing teams.

·Ensure systems are up to date

The successful candidate will have:

·Substantial experience and a proven track record of working in a related credit environment involving CRE.

·Comfortable in a client facing role and ability to confidently present to Lenders up to credit committee level as well as private equity investors.

·Solid analytical and technical skills and ability to understand complex loan documents and borrower structures.

·Experienced at monitoring and reporting on construction financing to Lenders.

·Strong skills MS Excel.

·A related tertiary qualification to at least undergrad level ideally in Land Economics, Business, Accounting or Economics