SPD - Real Estate Finance - Associate

Job description

SMBC: A trusted partner for the long term Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves. Who we are United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future. Role Summary To contribute to the development, support and budget achievement of the EMEA Real Estate Finance (REF) business To work as part of a supervised deal team to identify, analyse, execute and monitor REF transactions. To support deal team leaders in certain origination and execution processes under supervision of VP/D/ED and contribute as needed on all deal aspects (due diligence, modelling, credit application preparation, KYC, settlement, monitoring). To support all credit and administrative portfolio management activities including timely and effective support of portfolio managers of the EMEA Real Estate Finance (REF) portfolio. Business Area This role resides in the London office of SMBC Bank International Plc (SMBC BI). The role is part of the Real Estate Finance (REF) team within the Structured Real Estate Finance Group of the Specialised Products Department. The EMEA REF team originates and manages real estate finance loans in areas of income producing and development non-recourse structures on properties located in UK and continental Europe The REF team currently manages c.$6bln in funded assets and commitments across c.50 exposures/borrowers. Majority of the portfolio is secured on income-producing properties across UK/Europe in the office, retail, logistics, residential and alternative sectors.The REF team typically acts as lead arranger in real estate financings. EMEA real estate financings are complex and diverse covering direct lending or Loan on Loan products, both single and multiple property portfolios across a multitude of asset types, jurisdictions (UK, London, European cities) and sponsors (asset and fund managers, HNW, property developers, JV). Position Description The role is to provide junior support to the VP/D/ED cohort in the marketing, origination, execution and portfolio management aspects associated with the EMEA REF portfolio. Credit : Provide written analytical output and procedural support in the production of new credit applications and credit monitoring through e.g., sourcing and compiling information from borrowers, third party sources, reconciling / verifying cash flow or financial information, producing routine reports, schedules and summaries of data. Prepare regular and ad hoc reports in an accurate, concise and complete manner for review by AVP/VP/D/ED and submission to credit department. Source documentation (financial statements, compliance certificates, valuations) and liaise with clients/ third parties (agents, valuers, attorneys) as required. Assist in the performance of property due diligence / site visit as required. Origination & Execution : Support deal leader in the analysis and structuring of new transactions, and assist closing process including engagement with internal parties (KYC, OAD, Legal, Compliance) and external parties (valuers, attorneys, agents) including in the areas of i) Initiating and managing all on-boarding processes through direct interface and cooperation with internal and external parties, and ii) liaison with all support and function teams (e.g., Planning, Compliance, Control, Loans Admin, KYC) to ensure satisfaction of all internal booking and operational requirements necessary to successfully book new loan transactions Portfolio and Transaction Monitoring : Support portfolio managers in the timely ongoing performance analysis and monitoring of transactions, including preparation of credit applications for annual reviews and consents/ amendments / waivers on allocated portfolio accounts. Process : Develop high familiarity and understanding of key bank systems and processes relevant to role, including GBR, TheMIS, PowerBI, DealCloud, and comply with key Standard Operating Procedures and Credit Management Rule and Policy. Contribution to maintenance, betterment and up-date of the procedures as requested. Key Competencies: Communication : Strong and proven communication (written and verbal). Ability to work proactively as a team player within EMEA REF and across the Bank with limited supervision. Qualifications Bachelor’s degree and/or working towards a relevant professional post graduate qualification/professional chartered status. Competencies Customer Focus Driving Change Driving Results Embraces Diversity Enterprise Leadership Judgement and Decision Making Risk Management Strategic and Visionary Trust and Integrity What we offer For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks. As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you: Hybrid and flexible working Competitive paid leave days Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services Access a wide range of learning and development opportunities and career progression opportunities Ambitious remuneration package So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!! We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested. We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.