Special Credit -Portfolio Manager-AVP

CER Financial
London, United Kingdom
£400 - £450
08 Feb 2023
22 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Special Credit -Portfolio Manager-AVP

City of London/Hybrid

Mid-Tier Bank

4m rolling Contract.

£400-£450 per day

Cer Financial are working alongside a diverse and forward-thinking corporate specialist international bank to find a Special Credit -Portfolio Manager-AVP to join them on a contract basis. The purpose of the role is to perform the intensive credit monitoring of a portfolio of financially stressed and distressed assets and to assist the senior members in designing solutions, evaluating secondary sales, negotiating, documenting and monitoring restructuring agreements, warehousing structures, bankruptcy proceedings and/or collateral enforcement procedures.

The Responsibilities of a Special Credit -Portfolio Manager-AVP will include:

• Monitor the assigned portfolio on a continuous basis with a view of identifying, analysing, and reporting risks and mitigants on a timely "proactive and no surprises" basis.

• Analyse financial information and deliver Credit reviews on a timely basis and within KPI criteria (quarterly/annual credit monitoring).

• Perform the Quarterly self-assessment provisioning calculations for low credit names.

• Update financial models and cash flow forecasts for clients and transactions.

• Process waiver requests within defined timelines in a well-structured way with clear recommendations.

• Review the loan documentation to ensure the accuracy of all financial details and compliance with the Bank's procedures.

• Track delivery of key documents such as compliance certificates, budgets, Financial models, Operating reports and report accordingly following risk assessment.

• Promptly answer credit and audit queries (internal and external) and provide necessary materials associated with KYC reviews and general compliance.

• Engage with line management, peers and junior staff in training and mentoring others.

• Support the CSG relationship manager in designing and implementing value preservations strategies for the portfolio.

• Perform ad-hoc credit analysis and build cash flow projections on designated stressed transactions to support the restructuring and negotiation strategy to maximise the bank recovery.

• Assist to perform the quarterly provisioning exercise of distressed credit files and provision forecast.

• Once a restructuring plan negotiated by the RM, assist in the with the execution and the monitoring of the restructuring agreements. For the most distressed cases, assist the RM with organisation of the legal or enforcement processes.

The Successful Special Credit -Portfolio Manager-AVP will have:

• Essential credit analysis skills and experience:

• Strong numerical and financial skills with the ability to analyse and interpret companies' financial accounts.

• Capacity to create and interpret financial models to establish corporate and cash flow projections.

• Previous experience in writing detailed credit reviews with supported recommendations.

• Accustomed to read loan and security documentation and identify relevant clauses.

• Specialist knowledge in one or more of the following areas is desirable:

• Knowledge of structures and documentation used in asset-backed finance, transportation finance desirable.

• Knowledge of restructuring, bankruptcy proceedings and/or enforcement.

• Knowledge of the maritime, offshore and/or aviation sector desirable.

• Organisation skills to manage deadlines, avoiding overdue scenarios.

• Good written and verbal communication skills ensuring good co-ordination with all stakeholders.

• Relevant financial degree or qualification completed by relevant practical credit analysis experience.

If interested please email sblau@cerfinancial.co.uk or call Simon on 02076266065/07951 929009
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