Associate Director - Asset Surveillance

Associate Director - Asset Surveillance

Permanent

£60,000 - £85,000

cer Financial are working alongside a financial services company. 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 Lenders 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

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