Senior Manager - Distressed Investments x3

Job Description

Senior Manager - Distressed Investments x3Application Closing Date: 24/11/2022Full-time 35 hours per weekWe are recruiting for 3 Permanent rolesA Market Supplement may be available to the right candidate, this will increase the overall pay package.What we offer... We understand how important life is outside of work so, as well as competitive salary and 33 days annual leave, we are totally committed to flexible working. Well support you, wherever possible, so that you dont miss out on what truly matters to you.If you do ever need a little bit of extra help we have a great employee assistance programme, financial well-being support and access to loads of great discounts with leading high street names.Our range of network groups are also there to support you to truly be yourself at work and play a key role in helping shape our future.If you are a member of a professional body well pay for your membership and once you get your top of the range digital kit youll be good to go in one of our great offices.A bit about the role...As Senior Manager - Distress Investments, youll be responsible for managing a portfolio of the most challenging projects in Homes Englands loan and equity portfolios, where the risk profile has deteriorated, signs of distress are evident and specialistexpert attention is required to deliver a solution. Projects are transferred from mainstream Portfolio Management to Distressed Investments at the point significant deteriorating risk is identified and intensive management becomes necessary.The Senior Manager - Distressed Investments will identify critical emerging risk factors, understand and solve complex issues (which differ for every project) and develop and implement a restructuring strategy that enables homes to be delivered and investment(debt and/or equity) recovery optimised. The strategy will inform impairment assessment (predicted loss) with a consequential direct impact on the Agencys financial reporting.The role holder will act as a technical expert assisting and advising mainstream Investment Portfolio Managers, colleagues in other parts of Homes England (including the Land Development Team) and the Executive on investments or transactions exhibiting signsof potential or actual distress.A bit about youYoull have a degree level qualification or equivalent experience as a related industry professional e.g., Banker, Accountant, Surveyor, Lawyer or similar. Youll have a good understanding of residential property development, planning (including s106, CIL),valuation and project monitoring.Able to demonstrate the necessary experience and understanding of risk and client management of a portfolio of real estate loans or equity investments, including working with and restructuring (where necessary) underperforming transactions.Confident working with legal documentation associated with real estate finance including loan agreements, inter-creditor agreements, security documents; both reviewing existing legal documents and restructuring related amendments.You will have excellent organisational skills and ability to prioritise own workload. Working with Senior Stakeholders youll also have strong communication skills, both verbal and written, with the ability to negotiation and persuade under pressure.Youll have a good understanding of insolvency law, insolvency planning and insolvency appointments and ability to assess the risks if an enforcement strategy is considered.The ability to analyse financial information and interrogate financial forecasts (profit and loss, balance sheet, cash flow) is vital to this role. Youll be experienced in drafting scopes of work and appointing external advisers for independent business,legal and property reviews. This requires a detailed understanding of complex risk assessments including, but not limited to, cash flow, profit and loss and balance sheet analysis, supply chain, site delivery and project management, corporate structures andsecurity reviews.Who are we We are the Governments national housing agency. Our role is to accelerate the pace of house-building across the country, particularly in areas where there are the most serious affordability issues - meaning people are struggling to find homes.We have the appetite, influence, expertise and resources to drive positive market change and meet the Governments ambition to deliver 300,000 new homes a year. We are using our land, influence, funds and knowledge to increase the pace, scale and qualityof new homes accelerating delivery in areas of greatest demand and helping create great places to live. Within the next few years, we will have invested over £27 billion across our programmes. To deliver against these aims were building a different kind ofpublic service - join us to help make this happen.We would encourage all applicants to apply as soon as possible as we may close vacancies early should we receive a high number of applications. We also encourage you to apply using the full application option as opposed to quick apply, this is especiallyimportant if you would like to indicate to us that you would like to be considered under the disability confident scheme.If your application is shortlisted to interview we will require you to provide proof of your right to work in the UK at that stage.Homes England are a geographically diverse community. We are all hybrid working at the moment spending some of our time working from home and some based at our offices which are spread across England. The wellbeing of our colleagues remains one of our toppriorities.

Keyskills :
Investment