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Transactions Underwriter - Development Projects

Transactions Underwriter - Development Projects

  • Location

    City of London, London

  • Sector:

    Real Estate

  • Job type:

    Permanent

  • Salary:

    £40000 - £60000 per annum + Excellent bonus & benefits package

  • Contact:

    Tom Squires

  • Contact email:

    t.squires@capstone-recruitment.com

  • Job ref:

    BBBH5083_1538385738

  • Published:

    about 2 months ago

  • Expiry date:

    2018-10-31

Capstone are working in partnership with a specialist bridging and development lender services organisation based in the heart of the City, who provide bespoke finance solutions to property developers and entrepreneurs. Founded by two senior finance and real estate professionals, they are winning a high volume of work through referrals and word of mouth alone and have grown rapidly over the past 12 months. Due to a strong pipeline and further growth plans, they currently seek someone with a proven background in deal finalisation in the real estate sector to join their team as a Transaction Underwriter.

The core responsibilities of the role will be to work review, analyse and assess short-term bridging loan applications through a four stage process, for large-scale development projects in London and the South West, working with a broad range of stakeholders including borrowers, brokers, lawyers, surveyors, external investors and internal management teams.

The Role

You will undertake a range of tasks in assessing the overall viability of development projects, which will include but be limited to;

  • Prepare all preliminary credit papers and undertake preliminary analysis of transactions, which will include commercial viability of the proposed project
  • Undertake all checks for key stakeholders of borrowing companies
  • Review conditions of planning consents
  • Carry out full due diligence and analysis on borrowers
  • Take ownership of the review of any further information from lawyers, valuers and project monitors
  • Review loan agreements and prepare all final papers incorporating internal and external credit analysis, highlighting risk areas
  • Deal with the completion of loan transaction and handover to asset management team
  • Take responsibility for and prioritise a pipeline of loan transactions
  • You will be expected to keep up to date with the real estate market, short term finance industry and market news

The Candidate

Our client will consider people from a range of backgrounds, but what is most important is that you have proven experience in the real estate industry and a proven track record of analysing, assessing and finalising transactions and deals. You will possess strong analytical and stakeholder engagement skills with a passion for the real estate sector and market. Candidates with underwriting experience will be of immediate interest, but our client will also consider people from a surveying (investment / building), portfolio and asset management, leasing or sales, who are interested in moving into an underwriting role. For people looking to progress their career in this sector and be involved in the funding process of major development projects this is an unrivalled opportunity. This organisation prides themselves on their highly collaborative environment with strong team culture making this an excellent place to work and there are real career development opportunities available as they enter a period of rapid expansion.

To discuss this role in more detail, please contact Tom Squires (Associate Director) on +44 (0) 203 757 5000 or email t.squires@capstone-recruitment.com

Transparency Notice to Prospective Candidates

We process certain personal information about you for our legitimate business interests in order to identify and contact suitable candidates about positions that may be relevant to them. At Capstone Property Recruitment Ltd we respect your Privacy details all of which are set out in our Privacy Policy. If you don't want to be contacted by us about potential positions that may be of interest to you in the future, then please email our Data Protection Officer at dpo@capstone-recruitment.com

Transparency Notice to Prospective Candidates

We process certain personal information about you for our legitimate business interests in order to identify and contact suitable candidates about positions that may be relevant to them. At Capstone Property Recruitment Ltd we respect your Privacy details all of which are set out in our Privacy Policy on our website at www.capstone-recruitment.com .If you don't want to be contacted by us about potential positions that may be of interest to you in the future, then please email our Data Protection Officer at dpo@capstone-recruitment.com