Full-Time

Commercial Real Estate Director

Debt Finance / Founding Team Member

Confirmed live in the last 24 hours

OakNorth Bank

OakNorth Bank

201-500 employees

Provides tailored lending solutions for businesses

Fintech
Financial Services

Compensation Overview

$100 - $250Hourly

Senior, Expert

New York, NY, USA

Position requires onsite presence in New York.

Category
Real Estate
Real Estate Finance
Required Skills
Financial analysis
Data Analysis
Requirements
  • The “entrepreneurial itch” and desire to get in on the ground floor of our US venture
  • Willingness to think differently as we redefine commercial lending in the US
  • In-depth understanding of the US market, with an extensive network in Commercial Real Estate lending – both customers and potential team members
  • Proven success within commercial real estate deals and being able prove a continued excellence for new transactions
  • Strong credit, financial analysis and modelling skills, including the ability to read strong, structured credit papers and present these clearly at credit committee
  • Strong problem-solving ability, capacity to think creatively through different deal structures and aptitude to partner with our legal team on documenting these
  • Obsession with customers, with excellent communication and customer facing skills, and ability to build long-term lasting relationships
Responsibilities
  • Be a key member of the existing launch team, bringing your extensive knowledge of US lending to bear while leveraging the power of OakNorth’s proven model and world-class data and analytics
  • Build a book of business in the US through sourcing, structuring and executing transactions in-line with our lending ethos – high yielding with a conservative credit approach
  • Build on the asset classes in which OakNorth have lent on to date and providing knowledge and insight to new areas to lend
  • Own, manage and develop customer relationships, putting experience and delight at the forefront, and serving as a true partner vs. 'just a banker'
  • Drive innovation in our product proposition to improve customer experience levels whilst maintaining asset quality whether this be in the direct origination or lender finance space
  • Set and meet aspirational team and individual targets including profit, credit quality, new customers, retention and customer satisfaction
  • Own the end-to-end deal process, including Build a healthy pipeline and the reputation of OakNorth with customers, financial sponsors, developers, etc.
  • Work with borrowers from initial conversation through closing and in-life, guiding them through our lending process
  • Work together with our Credit Analytics team to prepare credit memos
  • Ensure transactions are documented in accordance with credit approved terms and sanctions
  • Continue to identify new opportunities for existing clients, and leveraging their networks to uncover new prospects
  • Collaborate with our team of world-class lenders, credit professionals, transaction lawyers, and others across the US, UK and India, while living OakNorth's values at all times

OakNorth Bank offers tailored lending solutions to businesses and savings options for individuals in the UK. The bank specializes in fast financing, providing loans quickly, which is particularly beneficial for property developers and hospitality businesses. Unlike traditional banks, OakNorth focuses on senior debt finance, allowing for quicker loan approvals and a customer-centric approach that emphasizes satisfaction. Their goal is to support local business growth and create a positive impact in communities.

Company Stage

Grant

Total Funding

$15.8M

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

14%

1 year growth

14%

2 year growth

14%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for flexible financing solutions among UK SMEs post-pandemic.
  • Growing interest in sustainable finance, offering opportunities for eco-friendly project loans.
  • Expansion of UK property market boosts demand for property development loans.

What critics are saying

  • Rising interest rates in the UK may affect loan affordability for clients.
  • Increased competition from digital banks like Monzo and Starling Bank.
  • Potential regulatory changes could impose stricter lending criteria, affecting flexibility.

What makes OakNorth Bank unique

  • OakNorth offers fast, flexible finance options tailored to ambitious UK businesses.
  • Specializes in senior debt finance, prioritizing loans for management buyouts.
  • Focuses on customer delight, ensuring positive client interactions beyond satisfaction.

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