Underwriter – Development Finance

Our client, based in Mayfair, is a successful multi-family office that specialises in real estate investment and advisory work. They carry out a number of strategies, including real estate bridge and development financing, direct real estate investment and development. They are looking for an Underwriter with a strong background of underwriting Development Finance deals to join their growing team.

The Underwriter will be primarily involved in underwriting of real estate-backed development finance transactions, undertaking post-disbursement credit monitoring functions and liaising with BDMs and borrowers to gather transaction related information.

Role responsibilities:

  • Analyse, underwrite and prepare a detailed credit paper for a variety of residential real estate secured development facilities, including revolving lines of credit, term loans and other structures.
  • Review project monitor and valuation reports, challenge the valuation where necessary and undertake basic market due diligence exercises.
  • Liaise with brokers and BDMs to gather information required for the underwriting process.
  • Review KYC documents and ensure compliance requirements are met.
  • Undertake post-disbursement monitoring functions to ensure compliance of loan covenants.
  • Prepare, organise and track loan covenant compliance checklists, and interrogate drawdown requests.
  • Manage expectations and deadlines whilst providing an excellent service that encourages repeat business.
  • Prepare and organise minutes and reports for Credit Committee.
  • Undertake ad-hoc administrative functions.

Qualifications / Experience required:

  • Excellent organisational skills and analytical experience.
  • Ability to communicate effectively with customers and co-workers.
  • Ability to work in a fast paced and evolving market and workplace.
  • Familiarity with reviewing valuation reports, project monitor reports, development appraisals and spreadsheet software.
  • Ability to write credit papers.