Senior Manager - Distressed Investments (D2035N)
Homes England
About the job
Job summary
As Senior Manager - Distress Investments, you'll be responsible for managing a portfolio of the most challenging projects in Homes England’s loan and equity portfolios, where the risk profile has deteriorated, signs of distress are evident and specialist expert 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.Job description
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 Agency’s 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 signs of potential or actual distress.
Person specification
You'll have a degree level qualification or equivalent experience as a related industry professional e.g., Banker, Accountant, Surveyor, Lawyer or similar. You'll 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 you'll also have strong communication skills, both verbal and written, with the ability to negotiation and persuade under pressure.
You'll 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. You'll 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 and security reviews.
Benefits
Homes England is an executive non-departmental public body with its own terms and conditions, benefits and pension scheme. We are a government agency working in partnership with the private sector and want to employ and retain great people. In return we offer a range of excellent benefits, some of the key benefits include:
Holiday - Homes England offers all staff 33 days annual leave per year in addition to 8 statutory bank holidays.
Working Flexibly - At Homes England we have a strong culture of flexible working and encourage all employees to have a healthy work/life balance. We offer a wide range of potential working patterns, including part time, job share and compressed hours.
Health and Wellbeing - We offer health screening with Nuffield Proactive Health Clinics, a free Employee Assistance Programme which offers confidential support 24 hours a day, 7 days a week as well as access to Occupational Health.
Professional Development - At Homes England we are committed to your continued professional and personal development with learning as one of our core values. We pay for one job-related professional membership subscription per year for our employees.
We also offer an excellent range of family friendly benefits, for example, maternity, paternity, shared parental leave.
Things you need to know
Selection process details
How to apply?
To apply please follow the links to our careers page.
Security
Successful candidates must pass a disclosure and barring security check.
Selection process details
For more information on the role, please see the attached Job Description.
Successful applicants will be advised of the outcome of their application and interviews held as soon as practical after the closing date. Feedback will only be provided if you attend an interview or assessment. We would like to take this opportunity to thank you for your interest in this role and Homes England.
Please note – Homes England has a responsibility to ensure compliance with HMG Baseline Personnel Security Standard to address the potential problems of identity fraud, illegal working and deception generally. To ensure compliance we will carry out a pre-employment Personal Identity and Vetting Report through Experian to meet the standard and you will therefore be asked to provide certain information in order that the verification check can be carried out if you are successful in your application.
Homes England are an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates. We are proud to be an equal opportunities employer that values and respects the people who work for us. Our aim is to be an employer of choice, enabling everyone to reach their full potential.
Homes England is committed to protecting the privacy and security of your personal data. For further information please refer to our Privacy Notice which can be viewed here:
https://www.gov.uk/government/organisations/homes-england/about/personal-information-charter
Nationality requirements
Open to UK, Commonwealth and European Economic Area (EEA) and certain non EEA nationals. Further information on whether you are able to apply is available here.
Working for the Civil Service
Please note this Post is NOT regulated by the Civil Service Commission.
The Civil Service embraces diversity and promotes equality of opportunity. There is a guaranteed disability confident interview scheme for candidates with disabilities who meet the minimum selection criteria.
Further information
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.
Feedback will only be provided if you attend an interview or assessment.
Security
Successful candidates must undergo a criminal record check. People working with government assets must complete baseline personnel security standard (opens in new window) checks.
Nationality requirements
This job is broadly open to the following groups:
- UK nationals
- nationals of the Republic of Ireland
- nationals of Commonwealth countries who have the right to work in the UK
- nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
- nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
- individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
- Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Working for the Civil Service
Please note this Post is NOT regulated by the Civil Service Commission. The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.