Portfolio Monitoring- Senior Manager/AVP

At OakNorth, we’re on a mission to empower the UK’s most ambitious businesses. Since 2015, we’ve lent over $18 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while fuelling the UK economy.

Team Mission 🚀

The incoming candidate will be a part of one
of the Bank’s Credit (lending) teams and will be expected to have strong
understanding of financial statements including important lending and
credit risk metrices.

Job Responsibilities:
• Credit-worthiness analysis of borrowers, including financial analysis, industry and sector research, to ensure Bank’s lending remains within acceptable Risk metrics.
• Drafting detailed credit reports with key takeaways on the purpose report has to be concise, easy to read for credit risk to review and comment
• Identifying, setting and monitoring deal specific covenants which can act as early warning signals during the life of the loan
• Developing and maintaining detailed financial model (in Excel) comprising transaction details, financial statement analysis, projections, ratio & variance analysis, key performance indicators, credit metrics, amongst others
• Conducting sensitivity analysis – for stress testing on loans for serviceability
• Regular interaction with key stakeholders and clients to discuss for eg.borrower requirements and performance, data gaps inconsistencies, analytical frameworks, loan servicing etc.
• The role follows regular business hours, and the candidate is expected to work in normal shift timings.

Desired qualities and skills::
• 4-8 years of experience in Portfolio Monitoring
• Strong financial analysis skills– thorough understanding of accounting / financial concepts including financial statements, variance analysis, and assessment of key credit risk metrices and covenants
• Ability to draft credit reports
• Strong communication skills (oral and written) in English.
• Proficient in use of Excel, handling linked worksheets, able to handle complex models.
• Personal drive (proactive), flexible, creative (thinks out of the box), result driven, responsible, curious, team player, fast learner and willing to take ownership of tasks and deliverables.
• Hands on attitude, willing/capable to understand the big picture.
• Ability to succeed in a culture where change and speed are part of daily work.