Job Title – CRE Analyst/Associate

Since our launch in 2015, we’ve lent over £10bn to ambitious entrepreneurs up and down the UK. That’s led to the creation of over 40,000 new jobs and over 29,000 new homes – and we’re not about to stop there. We’re dedicated to helping trailblazing businesses thrive and our Debt Finance team are the drivers of our growth.

This is a fantastic opportunity to join a fast-paced, growing bank with a reputation for doing things differently. We don’t want another cog in the machine, we’re looking for self-starters and bold thinkers who want to pave their own career paths.

In a nutshell, the mission of the interns will join one of the Bank’s Credit (lending) teams and will analyze financial statements, including key lending and credit risk metrics.

Are you ready to step up to the challenge?

Responsibilities

Underwrite and monitor commercial real estate (CRE) loans across development, marketing, and investment categories.
Build valuation models using various property valuation methods.
Analyze financial documents, including property income statements, borrower financials, and valuation reports.
Conduct market research (vacancy rates, rental trends, cap rates, transaction activity) to assess external impacts on property valuation and loan serviceability.
Perform sensitivity and scenario analysis for stress testing.
Develop industry dashboards to support loan assessments within specific real estate sub-sectors.
Work independently while collaborating with the team to ensure timely and accurate outputs.
Mentor and guide team members.

Required Experience

3-7 Years of experience in CRE

Desired Skills

Expertise in financial and credit modelling, including alternative valuation methods.
Strong research skills focused on the real estate market.
Proficiency in scenario analysis and stress testing.
Solid understanding of the real estate industry and relevant databases.
Experience in process improvement and automation.
Advanced Microsoft Excel skills.
Knowledge of VBA is preferred; exposure to R or Python is a plus.

About OakNorth

Small and medium-size enterprises (SME) are one of the biggest drivers of growth and innovation in economies all over the world. Despite these companies being a powerful force in the economy, many SMEs find it difficult to raise capital during critical stages of their company growth. Traditional commercial lending is optimised to make loans that are either too small to be effective or too large and expensive to be practical. At OakNorth, our mission is to help lenders fill this gap which we refer to as the “Missing Middle.” We are building a SaaS platform called the Credit Intelligence Suite which transforms commercial lending by helping banks build deeper relationships with their clients, open new, more profitable opportunities, whilst delivering credit decisions up to ten times faster than traditional models, with lower risk and greater efficiency.

Our Investors

OakNorth Holdings (the parent entity of OakNorth Bank plc and ONci) has an equity base of over $1.2bn, our investors include: GIC, SMBC, Toscafund, Coltrane and SoftBank’s Vision Fund – as well as founders of highly successful scale businesses. 

Our Customers

In addition to OakNorth’s own bank in the UK, the software is also being deployed by US banks, including: Fifth Third, PNC, M&T Bank, Huntington, and Old National Bank.

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CRE Analyst/Associate

OakNorth Bank

Responsibilities

Required Experience

Desired Skills

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