Portfolio Manager - Real Estate Credit
Key Responsibilities
Portfolio Monitoring & Risk Management
- Oversee the performance of a development and transitional loan book.
- Track covenant compliance, construction milestones, cost forecasts and project KPIs.
- Review valuation updates, monitoring surveyor reports and sponsor performance.
- Identify emerging risks, trends or underperformance, escalating issues where necessary.
Asset & Loan Management
- Manage borrower relationships post‑execution, acting as the primary point of contact.
- Coordinate and approve drawdown requests and development funding in line with facility terms.
- Evaluate and recommend covenant waivers, amendments and consents.
- Collaborate with external advisors including surveyors, valuers and technical consultants.
Workouts & Special Situations
- Take a proactive role in managing challenged or distressed loans.
- Support restructuring discussions and renegotiation of terms.
- Work closely with external legal counsel on enforcement pathways if required.
- Formulate recovery, mitigation and downside protection strategies.
Reporting & Governance
- Produce periodic portfolio, risk and performance reporting for senior stakeholders.
- Contribute to investor updates and internal committee materials.
- Maintain internal risk ratings, provisioning assessments and monitoring frameworks.
Experience & Background
Candidates will typically bring 5-12+ years from one or more of the following areas:
- Real estate debt funds
- Development finance or specialist lenders
- Bank structured finance, credit risk or workout teams
- Real estate private equity with asset/portfolio management exposure
You should have direct experience with:
- Managing development or transitional real estate loans
- Construction monitoring, budget tracking and drawdown processes
- Handling covenant breaches, restructurings and distressed scenarios
- UK real estate lending, security structures and enforcement processes
Technical Skills
- Strong grasp of development financing structures and deal mechanics.
- Ability to analyse development appraisals, cashflow models and sensitivity scenarios.
- Proficiency in Excel and financial modelling.
- Comfortable interpreting valuation reports, MS reports and technical due diligence.
- Understanding of senior, stretch, mezzanine and intercreditor arrangements.
- Strong judgement around credit risk and borrower performance.
Personal Attributes
- Highly analytical with exceptional attention to detail.
- Commercially minded with sound risk awareness.
- Calm, structured and solutions‑oriented in pressured or complex situations.
- Confident and assertive, yet relationship‑driven.
- Strong sense of accountability and ownership.
- Excellent written and verbal communication skills.
FAQs
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