Senior Credit Manager

Company Description

At Octopus, we’re entrepreneurs and we’re investors, on a mission to back the people, ideas and industries that will change the world.

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Job Description

What’s in it for you?

We’re a forward-thinking organisation that takes a flexible approach to lending across a wide range of property sectors. From retirement homes to student accommodation (PBSA), care homes to residential developments, our appetite for new opportunities is diverse, and we take pride in shaping our own deals.

For an experienced Credit Manager, this is an opportunity to get creative and become part of an innovative team that is constantly looking at new opportunities to provide flexible funding solutions across the UK. The Credit Team are involved in the end-to-end deal process from origination to negotiation of legal through to land loan completion.

The team
The Credit team consists of 3 Credit Managers reporting to a Head of Development Credit. You’ll be part of a wider Commercial and Development lending team of 21 people that includes origination and portfolio management teams.

What will you be doing?

1. Work with our origination colleagues to structure new loans, ensuring they work for both the client and our risk appetite.
2. Write and present detailed credit papers outlining the key risks and mitigants for a deal, with a clear recommendation.
3. Manage and analyse all the diligence streams for a transaction, including valuation reports, QS reports and legal documents. Lead legal negotiations with lawyers and borrowers.
4. Contribute to the growth of the team, through increasing the size of the loan book, continuously improving processes and designing and implementing new loan products.

Qualifications

1. A detailed understanding of property finance, including development and property investment.
2. Experience in underwriting/ credit analysis and executing loans.
3. Strong credit and risk analysis, with the ability to identify and mitigate any early warning signals.
4. Highly numerate with a good understanding of development cashflows/ financial accounts.
5. Due Diligence management and analysis (Legal, Valuation and QS reports).
6. Confidence and the ability to manage and build rapport with all stakeholders.
7. Team player with the ability to work across several workstreams simultaneously.
8. Excellent report writing and general communication skills.
9. Ambitious with a good understanding of the UK property market.

Additional Information

What we offer

A competitive salary, bonus, pension and share incentive plan.
️ Untracked holiday.
Hybrid working – 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 & more.
Up to 6 months paid parental leave regardless of gender.
️ 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’s 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 of all our stakeholders – employees, customers, communities, environment and shareholders – are considered in every decision we make.

We are committed to building a workplace where diversity is valued, and inclusion is a priority. By providing equal opportunities for growth and development, we embrace and celebrate all races, genders, religions, sexual orientations, ages, disabilities, and socio-economic backgrounds. We believe teams achieve their best when every member feels safe, respected and empowered to be their authentic selves.

We're proud to be disability confident and are committed to supporting candidates with a disability, including neurodiversity and mental health conditions, throughout the recruitment process. Applicants are welcome to opt-in to the disability confident scheme as part of our application process. If you require any adjustments to the interview process, we’ll be happy to accommodate where possible.