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Clientside Project/Fund Monitoring Surveyor

Michael Page Property & Construction
Job LocationLondon
EducationNot Mentioned
Salary£65,000 - £80,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Client-side Project/Fund Monitoring Surveyor working closely with residential developers across the UK.You will be involved in activities such as evaluating the capability of a developer as well as undertaking ongoing monitoring of construction projects to ensure they are on time and budget.Client DetailsOur client is a bespoke lender within the UK residential development market.DescriptionPrimary responsibilities

  • Underwriting
  • Assist with the appraisal of new projects in terms of build cost, build assembly and build programme. Visit current projects for the borrower and contractor as part of the pre credit assessment. Understand and articulate risks in the construction programme/budget and assess the developers capability and readiness to deliver the project
  • Due Diligence
  • Review and provide feedback on all site reports (Structural, Environmental, Asbestos, RoL)
  • Review initial reports from the monitoring surveyor, liaise with borrower and PMS to resolve any issues highlighted in the report.
  • Select appropriate construction milestones for each facility and track as part of the monthly valuations.
  • Assist with construction CPs prior to draw-down of the development loan and monitor the Conditions subsequent as part of the monthly draw-down process.
  • Liaise with external advisors (solicitors and PMS) to ensure construction documentation is lender friendly (consultant appointments, collateral warranties, build contract).
  • Live Loans
  • Undertake ongoing monitoring of construction projects to ensure that they are on time and budget. Identify risks early on and warn of any potential problems ahead of time
  • Review monthly draw-down report and interrogate progress, cost to complete and programme. Raise and discuss areas of concern as part of the draw-down process.
  • Track the construction draw-downs and forecast expected draw-downs by week over the next twelve weeks
  • Assist with construction overview of each project for quarterly reports to investors and report on the current construction to investors during meetings.
  • Loan Workout
  • When foreclosure on a project is required, manage the appointment of external advisors to assist in completing the scheme.
  • External Project Monitoring Surveyors
  • Review the panel of PMS and suggest changes where appropriate.
  • Propose suitable PMS for each loan.
    • Profile
  • Minimum 5 years since becoming MRICS focused of residential property
  • Monitoring surveyor or Quantity surveyor OR Building Surveyor by trade
  • Ability to work on own initiative
  • Previous client side experience with a Residential Developer would be beneficial.
    • Job OfferA competitive salary and good benefits/bonus package. Required skills
  • MRICS
  • cost management
  • project management
  • underwriting
  • loans
  • Fund Monitoring
  • Project Monitoring
  • due diligence
  • construction projects
  • development appraisals
  • construction programmes
  • monitoring surveyors

    • Keyskills :
    MRICS cost management project management underwriting loans Fund Moniting Project Moniting due diligence construction projects development appraisals construction programmes moniting surveys

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