Job Description

Company Description
At Octopus, we\xe2\x80\x99re entrepreneurs and we\xe2\x80\x99re investors, on a mission to back the people, ideas and industries that will change the world. We think working here is great, but we\xe2\x80\x99re understandably biased. Click here to explore Life at Octopus.


What\xe2\x80\x99s in it for you?
For an experienced Development Portfolio Manager, this is a great time to join Octopus Real Estate! Demand for this team\xe2\x80\x99s expertise is growing, reflected in the increase in average loan sizes and a diversifying book of business that now covers a range of opportunities across different growth sectors. Furthermore, this is an opportunity to innovate and contribute to a team genuinely trying to bring about positive change, such as its recent collaboration with Homes England over the Greener Homes Alliance. In this role, you will manage and monitor existing loans and build lasting relationships with our customers to facilitate follow-on loans. You\xe2\x80\x99ll bring a solid understanding of development finance; from a credit risk and /or portfolio management background. The team
The Development Portfolio team consists of four Portfolio Managers reporting to a Head of Development Portfolio. You\xe2\x80\x99ll be part of a wider Development lending team of 13 people that includes origination and credit teams. What will you be doing?

• Monitor and manage several loans within the development portfolio accurately and diligently by applying specialist knowledge of facility status, construction processes, legal requirements and risk. Contribute to the structuring, underwriting and executing of new development facilities and drive repeat business.
• Manage the relationship with all key stakeholders (including travelling to development sites) to ensure a smooth transaction process, timely drawdowns as well as quick and effective problem-solving.
• Manage and analyse all the diligence streams for a transaction, including valuation reports, QS reports, legal documents and market environment.
• Contribute to the success of the team through: increasing the size of the loan book, designing and implementing new loan products and internal processes.

Qualifications
Ideally, you\xe2\x80\x99ll have
\xe2\x9c\x85 A good understanding of development finance and the UK market, as well as experience executing development loans.
\xe2\x9c\x85 Highly numerate with a good understanding of development cash flows, construction processes and methods of construction.
\xe2\x9c\x85 Strong credit and risk analysis, with the ability to identify and mitigate early warning signals.
\xe2\x9c\x85 Due Diligence management and analysis (Legal, Valuation and QS reports).
\xe2\x9c\x85 Any experience handling and managing non-performing development sites would be nice to have.
\xe2\x9c\x85 Financial modelling experience would also be beneficial but not essential. We encourage you to apply even if you don\xe2\x80\x99t tick every box. What\xe2\x80\x99s the worst that can happen? This role will evolve as we grow and develop. So, if you are looking for a challenge in a fast-paced and dynamic business, we can deliver on that.
Additional Information

What we offer
A competitive salary, bonus, pension and share incentive plan
\xe2\x9c\x88\xef\xb8\x8f Untracked holiday
Hybrid working \xe2\x80\x93 most of our people spend 3 days a week in the office

• Anchor (our wellness hub) which includes Headspace, one to one coaching through Wellness Cloud, Digital GP, Shout & more

Up to 6 months paid parental leave regardless of gender
\xe2\x9d\xa4\xef\xb8\x8f Life insurance, critical illness cover and income protection
Private medical insurance for you and your family
Electric vehicle leasing
The option to work overseas up to a month per year
Our Values
At our core, we believe that how a company behaves is just as important as what it does. That\xe2\x80\x99s why we chose to become an accredited B Corp (the equivalent of a Fairtrade coffee stamp but for companies) and to change our Articles of Association so that the interests all our stakeholders \xe2\x80\x93 employees, customers, communities, environment and shareholders \xe2\x80\x93 are considered in every decision we make. We\xe2\x80\x99re committed to creating a diverse and inclusive employee experience for all. We promote equal opportunities for growth and development regardless of race, gender, religion, sexual orientation, age, disability, or socio-economic background. We believe strongly that teams are at their best when every member of the team feels safe to bring their whole self to work.