Full-Time

Associate Director

Workout & Restructuring

Posted on 8/5/2024

OakNorth Bank

OakNorth Bank

201-500 employees

Provides tailored lending solutions for businesses

Fintech
Financial Services

Mid, Senior

London, UK

Hybrid position based in London.

Category
Corporate Finance
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Working knowledge of restructuring and insolvency/recovery techniques and previous experience in assisting in restructuring problem loans to achieve a satisfactory credit risk position.
  • Ensure credit risk and procedures are effectively complied with.
  • Assess the credit risks of new business initiatives.
  • Build relationships with key stakeholders (both internal and external), provide advice, support and solutions on a broad range of credit risk issues.
  • Ability to manage cases, prioritise work and adjust to multiple demands.
  • Experience in dealing with real estate lending and security documentation.
  • Experience and interest in development finance.
  • Excellent verbal and written communication skills including competent credit report writing.
  • Excellent analytical skills with attention to detail, including strong ability to analyse, document, simplify and effectively deal with technical and business matters and processes.
Responsibilities
  • Assist in the development of strategies and on cases which are considered straightforward.
  • Assist and support Director and Senior Director on more complex cases.
  • Implement strategies to maximise recovery and reduce risk and losses for the bank.
  • Liaise with Solicitors, Insolvency Practitioners and other associated professionals.
  • Coordinate team provision requirements, write offs, based on estimated recovery outcomes.
  • Support the senior team in adhering and developing the team’s risk management and internal control processes.
  • Assist in analysing economic, political and market events, which may have an impact on the portfolio and make risk management recommendations.
  • Work collaboratively with a team of analysts to achieve all the above.

OakNorth Bank offers tailored lending solutions to businesses and savers in the UK, focusing on quick and flexible financing options. The bank specializes in senior debt finance, allowing for fast loan approvals that help businesses, especially in property development and hospitality, to grow efficiently. Unlike traditional banks, OakNorth works closely with private equity firms to create customized financial products and ensures a high level of customer service. Additionally, OakNorth provides savings accounts that support local business expansion, benefiting communities across the country.

Company Stage

Grant

Total Funding

$15.8M

Headquarters

London, United Kingdom

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for flexible financing in hospitality, evidenced by recent JMK Group co-loan.
  • Growing interest in refinancing for care providers, highlighted by MPS Care deal.
  • Expansion opportunities in training sector, shown by multimillion-pound funding for acquisitions.

What critics are saying

  • Rising interest rates in the UK could affect loan affordability for clients.
  • Increased competition from digital-only banks expanding business lending services.
  • Economic downturns may impact hospitality and property sectors, key markets for OakNorth.

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 and tailored solutions.

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Benefits

Flexible Work Hours

Paid Vacation

Parental Leave

Company Equity

Commuter Benefits

INACTIVE