Credit Risk Associate/Senior Associate
LendInvest ·
LendInvest is the UK's leading FinTech platform for property finance. Over the past 18 years, we have grown from just our two founders to a team of over 200 working to make property finance simple for everyone. A workplace culture built around trying new things, getting things done, and having fun while we do it has helped us lend more than 9 billion of mortgages, put thousands of new or improved homes into the UK housing market, and successfully launch on the London Stock Exchange.
We have big plans to continue growing the business, our products, our technology, and our people. We operate a hybrid working policy across our business to ensure we offer flexibility that is balanced with in-person collaboration.
Our teams spend three days per week in the office and two days working remotely. About your workThis specialist role is to lead recoveries on complex short-term Development Finance and Bridging Finance lending cases that have failed to repay and require specialist knowledge of debt recovery to mitigate the risk of losses.
The role will involve significant on-site time working with borrowers, LPA Receivers, Administrators, and the LendInvest senior team to ensure the nature of the security is fully understood and to subsequently recommend and oversee actions to recover the outstanding debt.
You must have proven expertise in real estate finance and debt recovery, including planning, building regulations, legal, insurance, and corporate/personal insolvency. This role reports to the Associate Director of Portfolio Risk and will be required to work with the broader collections and loan servicing team adding insights and value to all aspects of the management of the LendInvest loan book.
Key ResponsibilitiesDirect ownership for the management of distressed assets including working with LPA receivers, solicitors, and related third partiesVisit securities to manage both the borrower relationship and risk profile, understanding the ongoing viability of the security and potential exit optionsCoordinate professional teams as required to assist with the smooth completion of construction projectsCollaborate in high-risk and debt work-out forums, to provide oversight and direction on all types of lending exposureProactively contribute to collections forums and identify cases where your expertise can be appliedProviding the Investment & Credit Committee with timely and relevant management information on exposure to loss, workout strategies on recovery cases, changes to planning, or other regulations or laws impacting property lendingSupport the completion of the IFRS 9 provisioning routine concerning expected recoveriesProvision of timely and accurate dataWorking closely with the Head of Loan Servicing to ensure recovery activities are closely aligned.
Ensuring that all property recovery matters are handled appropriately and in line with responsible lender practicesTaking appropriate and proportionate action to mitigate lossesDemonstrate a robust relationship with receivers and solicitors, ensuring actions to recover are dealt with swiftly, cost-effectively, and appropriatelyEstablish and maintain positive SME relationships with other key departments such as Sales, Operations, Development Finance, and UnderwritingAbout youExperienced in managing and recovering distressed real estate debtAbility to manage project teams and a good understanding of the development and planning processExperience in critically assessing and challenging development finance construction plans and budgetsResilient and committed with the ability to engage with a variety of stakeholders and gain their confidenceAbility to build strong but robust relationships with demanding/challenging clientsDispassionate and independent thinker, but at all times collaborativeAbility to work on own initiative to drive out strategies and processes to mitigate exposure to non-performing loansCapable and experienced in dealing with a high-volume workflow and prioritising accordinglyUnderstanding of Treating Customers Fairly (TCF) and Conduct RiskAbility to analyse data and produce management reportsRICS, building surveying, or similar professional qualifications are beneficial but not essentialBenefits & perks Competitive salary + company bonus scheme Hybrid working policyð 25 days holiday (increasing with the length of service) Private healthcare Enhanced parental leave Matched pension contributions up to 4% Critical illness coverð§ Employee Assistance Programme & Mental Health supportð Life assurance Regular performance reviews to promote a culture of growth and development Leadership training for managersð Give as you earn scheme for charitable donations Support for attending conferences and professional learning & developmentð Discounts via Perkboxð2 Cycle to work scheme Season ticket loan Yellownest Childcareð3 Monthly socials & annual offsiteDiversity, Inclusion & Belonging at LendInvestAt LI we believe in bringing your whole selves to work, and we are committed to a culture of belonging where individuals can form a genuine community.
We are proud to be an equal opportunities employer and are committed to building a team that represents a variety of backgrounds, perspectives and skills. We are happy to discuss and implement reasonable adjustments to support candidates throughout the recruitment process.