Director, Debt Finance

Company: OakNorth
Location: Birmingham
Posted on: September 14, 2020

Job Description:

OakNorth is the next-generation credit and monitoring platform that provides banks and lending institutions with the insight and foresight needed to create a better borrowing experience for the Missing Middle – the growth business who are the backbones of communities and economies globally but who have been in banking’s blind spot for decades.

The business was founded in 2015 by Rishi Khosla and Joel Perlman, who previously co-founded Copal Amba and grew it to 3,000 employees over 12 years, before selling it to Moody’s (NYSE: MCO) in 2014, returning 125 times capital to seed investors.

Since its inception, OakNorth has secured over $1bn from several investors, including: Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund, and SoftBank’s Vision Fund.

The Platform has been deployed at various banks across North America, Europe, and Asia, and in the UK where OakNorth lends off of its own balance sheet via OakNorth Bank. The platform has helped OakNorth Bank become the fastest-growing business in Europe according to the Financial Times FT 1000 (2020), profitably lending over £4bn to date. In terms of the impact this has had on the economy, OakNorth Bank’s loans have directly helped with the creation of 13,000 new homes and 17,000 new jobs in the UK, as well as adding several billion pounds to the economy.

With offices in London, New York, Manchester, Singapore, Hong Kong, Shanghai, Istanbul, Gurgaon and Bangalore, the global team across the OakNorth Holdings group is over 800 people.

We are looking for an exceptional Director, Debt Finance with an SME focus who will help us achieve our growth targets for the business. Role is based in OakNorth’s fledgling Midlands, Birmingham-based office.

You will: Originate, structure, execute transactions that meet the lending requirements of OakNorth

Manage and further develop existing customer relationships, along with identifying new relationships and opportunities in the market

Build the profile of Bank in the external market with, for example SMEs, KBIs, Advisors and Private Equity firms

Assess appropriate organic and inorganic growth opportunities for OakNorth Bank in the market

Spread financial accounts and financial modelling

Analyse financial accounts and manage information and prepare credit memorandums

Analyse financial models including forecasted cash flows and sensitivities to assess debt capacity and repayment

Ensure transaction are documented in accordance with credit approved terms and credit sanctions

Meet team and individual targets including profit, credit quality, new customers, retention and customer satisfaction

Have an overview of ongoing relationship management and client experience

Drive innovation in the product proposition to improve customer experience levels whilst maintaining asset quality

Ensure high level of customer experience at all times

Meet team and individual targets set by OakNorth ExCo, CEO and the Board

Structure transactions appropriately, and prove full credit reports to sanctioning authority

Report of all aspects of origination to Head of Business Development in a timely manner

Maintain close relationships with customers and reporting to Credit in line with policy, in a timely manner

Act in accordance with OakNorth Bank’s values at all times

You have: A background in front office and risk within SME Commercial Banking or Leveraged Finance

In depth understanding of SMEs or Leveraged Finance banking environments

Excellent communication and customer facing skills

Good understanding of business processes, strategy and credit policies

Strong credit, financial analysis and modelling skills, including the ability to write good quality, structured credit papers

Experience in the analysis of senior, stretched senior and mezzanine cashflow unsecured transactions

Experience in presenting credit case internally to a credit committee

Strong problem solving ability

Degree in Finance/Commerce or equivalent

Thank you very much for your interest in OakNorth. We are happy to consider you for roles within our group of companies. If we can identify a match between your skill set and our immediate recruiting needs, please expect to hear from us very soon. If we are unable to identify a fit in the near term, please note that we intend to retain the data you send to us so we may contact you in the future. For more information regarding our Privacy Policy and practices, please visit: https://www.oaknorth.com/privacy-notice/employees/

Keywords: OakNorth, Birmingham , Director, Debt Finance, Other , Birmingham, Alabama