About the job

Job summary

Working in a team with Alex Ingram, our Head of Housing Guarantees Transactions, the Senior Manager – Housing Guarantees Transactions will play a critical role in ensuring that Homes England is an effective programme partner for DLUHC in the delivery of its Housing Guarantees Schemes.

Job description

These schemes are operated by private sector delivery partners under licence from DLUHC. The delivery partner raises long term debt from institutional investors – usually via public bond issuances – on-lends this to developers of specialist Build to Rent and Affordable Housing, and manages the loans over their term (which can be up to 30 years). Because government (via the secretary of state for DLUHC) guarantees that investors will get repaid on time, it is less risky for investors than lending directly to the developers.

 

This benefit to investors reduces the interest rate developers have to pay, making projects and business plans more viable. Homes England manages the licences with the delivery partners on DLUHC’s behalf, and the Senior Manager – Housing Guarantees Transactions will be key to overseeing the deployment and portfolio management of the guarantee programmes, building relationships with the private sector partners, DLUHC and Homes England’s internal stakeholders. You will be joining our small and highly skilled team who are committed to the delivery of the Housing Guarantees Schemes.

 

Alex believes in working in a collaborative and flexible way to provide a first-class service that balances the need to achieve DLUHC’s policy objectives with the need to ensure the guarantor’s risk is appropriately managed and monitored. The team takes an innovative and creative approach to achieving this balance, and values diversity in experience and perspective to foster good decision making and problem solving. 

 

This is a rare chance to shape the future of guarantees scheme management in a fast growing, national organisation with real social purpose. Working with key stakeholders and a professional risk team you will ensure efficient, consistent and effective transaction and portfolio analysis, and  have the opportunity to help create a sustainable platform for the long-term operation of the guarantees schemes.

Person specification

You will be comfortable being involved in discussion about, and often guiding delivery partners through, any issues arising on new transactions and portfolio management. This will require you to use your lending expertise, your sector expertise, your understanding of how government relationships with private sector partners operate, an understanding of what risks DLUHC faces as guarantor and how to navigate government approval processes, often within a very tight timeframe. 

 

Everything we do is oriented towards ensuring that the schemes deliver on their full potential to deliver more homes while mitigating the guarantor’s risk. Delivering on a mission as bold as ours isn’t always easy. You will be resilient and comfortable managing stakeholders at a senior level and your discussions will always be shaped by a good understanding of the commercial and operational impact of what we do as a team.

 

You will enjoy working in an innovative, fun and engaging way and be able to negotiate and persuade. You will understand how to manage colleagues and be able to demonstrate you can work with others as part of a team in a collaborative, inclusive way.

 

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

Things you need to know

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.

Contact point for applicants

Name:  Recruitment Team

Email:  recruitmentinfo@homesengland.gov.uk

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

Further information on nationality requirements (opens in a new window)

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.