Deputy Head of Funding

Deputy Head of Funding Role

The Deputy Head of Funding position is a new role created ny our client due to exciting growth and ongoing plans to double the size of their loan book to c£6bn over the coming years.

The firm support property developers and investors with key property projects. They offer a range of loans to include bridging finance, development exit loans, commercial mortgages and BTL propositions. They specialize in complex loans and can deliver on big ticket requirements, including loans of £50m+.

Our client operate a wholesale funding model and work with some of the most renowned corporate investors, offering a range of 'funding lines’ that drive funding for their borrowers. The firm already operate a large & diverse funding panel, but this is growing & adapting all the time, in line with their ambitions to achieve planned growth.

Due to this continued growth, the new Deputy Head of Funding will work directly with the Head of Funding on all matters pertaining to the companies pursuit of, onboarding of, management of and disposal of all corporate funding lines throughout their lifecycle with the business.

This may include, but would not be limited to…

• Supporting the identification of & engagement with new potential corporate funding partners and lines
• Leading the due diligence process for new corporate relationships & funding lines
• Overseeing the financial analyst team and their activity that supports the assessment & viability of new or existing funding lines
• Negotiating with and agreeing commercial terms with funding lines
• Agreeing appetite and policy with funding lines to drive internal product development and delivery
• Monitoring the performance of each finding line, undertaking regular reviews in line with contractual agreements and set objectives
• Acting as the key point of contact for all funding lines, owning & growing each relationship
• Achieving financial objectives
• Hold regular review and assessment meetings internally with the loan management and financial analysis team, as well as the key people driving each funding line
• Ensure that the lending business is committing to funding agreements, including working closely with the sales/underwriting and loan management functions to ensure loans are correctly underwritten and managed to redemption
• Overseeing all reporting on funding line performance to senior management
• Overseeing the process of 'exiting’ funding lines, at the end of term, or wherever required
• Overseeing all risk and governance requirement that pertain to the lenders corporate funding lines

Upon joining as Deputy Head of Funding you will inherit existing relationships to grow and nurture. As our client are on an exciting growth curve, it is expected that quite soon in to your tenure you will be involved in discussions with new prospective funding lines, with other lines under review.

Due to this, the ideal individual for this role is highly likely to have worked for a wholesale funded lender before or has worked for a corporate entity or bank that funds lenders such as our client.

As you will have important oversight of the financial analysis team that will deliver key data for you to assess and act upon in relation to funding lines, a key skill will be the ability to take complex financial information and to simplify this for the funding lines.

Therefore an excellent understanding of funding ROI would be beneficial.

You must be an excellent communicator and comfortable dealing with major corporate organisations & managing a funding line panel in excess of £1bn.

Our client are ideally looking to pay between £120k - £150k as a basic salary for the ideal individual, relevant to experience. Higher offers would also be considered if the experience required is exact. Salary will be complemented by a bonus scheme that can help you to increase earnings significantly, year on year.

Most notably, the company have now doubled the size of their loan book successfully four times in the last four years. The growth outlined in this message is highly obtainable and as the loan book grows and swells, so will the team to support it.

I mention this as this is a role that will come with a lot of opportunity to propel both your salary and career earnings forward within, as excellent performance is delivered. It is expected that the arriving Deputy Head of Funding will be required to take on more responsibility as the business grows.

Therefore our client are ideally looking for someone who is looking for a long term home to grow and is ambitious in approach.

Should you feel that the above sounds exciting and in line with your aspirations and experience, then we would welcome your application and look forward to reviewing you CV with a view of assessing fit.