Portfolio Manager – Real Estate Credit

Key Responsibilities

Portfolio Monitoring & Risk Management

• Oversee the performance of a development and transitional loan book.
• Track covenant compliance, construction milestones, cost forecasts and project KPIs.
• Review valuation updates, monitoring surveyor reports and sponsor performance.
• Identify emerging risks, trends or underperformance, escalating issues where necessary.

Asset & Loan Management

• Manage borrower relationships post‑execution, acting as the primary point of contact.
• Coordinate and approve drawdown requests and development funding in line with facility terms.
• Evaluate and recommend covenant waivers, amendments and consents.
• Collaborate with external advisors including surveyors, valuers and technical consultants.

Workouts & Special Situations

• Take a proactive role in managing challenged or distressed loans.
• Support restructuring discussions and renegotiation of terms.
• Work closely with external legal counsel on enforcement pathways if required.
• Formulate recovery, mitigation and downside protection strategies.

Reporting & Governance

• Produce periodic portfolio, risk and performance reporting for senior stakeholders.
• Contribute to investor updates and internal committee materials.
• Maintain internal risk ratings, provisioning assessments and monitoring frameworks.

Experience & Background

Candidates will typically bring 5-12+ years from one or more of the following areas:

• Real estate debt funds
• Development finance or specialist lenders
• Bank structured finance, credit risk or workout teams
• Real estate private equity with asset/portfolio management exposure

You should have direct experience with:

• Managing development or transitional real estate loans
• Construction monitoring, budget tracking and drawdown processes
• Handling covenant breaches, restructurings and distressed scenarios
• UK real estate lending, security structures and enforcement processes

Technical Skills

• Strong grasp of development financing structures and deal mechanics.
• Ability to analyse development appraisals, cashflow models and sensitivity scenarios.
• Proficiency in Excel and financial modelling.
• Comfortable interpreting valuation reports, MS reports and technical due diligence.
• Understanding of senior, stretch, mezzanine and intercreditor arrangements.
• Strong judgement around credit risk and borrower performance.

Personal Attributes

• Highly analytical with exceptional attention to detail.
• Commercially minded with sound risk awareness.
• Calm, structured and solutions‑oriented in pressured or complex situations.
• Confident and assertive, yet relationship‑driven.
• Strong sense of accountability and ownership.
• Excellent written and verbal communication skills.

#J-18808-Ljbffr…