Real Estate Debt Asset Manager Private Credit

We are looking for an Asset Manager to be responsible for the management monitoring and ongoing performance of investments across the UK & European Real Estate Debt Loan Book to support this continued business expansion within a team that is currently small relative to its AUM targets and the complexity of opportunities.

This role is based in Private Credit within our Asset Management division one of the UKs largest private credit asset managers with over c. 35 billion of assets under management. Our capabilities encompass Real Estate Equity (direct property) and Private Credit investments such as real estate infrastructure corporate alternative debt and mortgage investments.

L&G Private Credit has grown its activities in Real Estate Debt (RED) in recent years and has developed a position as a leading institutional investor in this area. Our RED strategy is focused to senior debt investment lending to a wide range of borrowers and sector types (offices logistics industrial BTR PRS student accommodation retail healthcare hotels self-storage cold storage and ground rents) across the UK and Europe. Transaction sizes vary from 20m - 400m and loan terms of 3 50 years. Funding is on behalf of L&G internal and external clients and through external funds.

What youll be doing:

• Monitoring and managing real estate debt assets ensuring performance aligns with objectives and preserving or enhancing client value
• Analysing financial performance and covenant compliance reviewing borrower statements budgets models and engaging with management
• Overseeing loan servicing activities liaising with servicers and reviewing reports consents and valuations
• Collaborating closely with the Head of Real Estate Debt and deal teams across the loan portfolio
• Conducting regular borrower meetings and site visits discussing operational performance and key risks including ESG and environmental factors
• Identifying performance deterioration early engaging proactively with borrowers and implementing remedial actions where required
• Producing and presenting portfolio updates including quarterly reviews focus lists and deep-dive analyses
• Supporting loan amendments stakeholder coordination stressed asset management reporting and broader business initiatives across the portfolio

Who were looking for:

• Knowledge and experience of asset management loan servicing and credit risk either in banks or other financial institutions or intermediaries
• Knowledge and experience of real estate debt lending ideally senior debt. Experience in the management of challenging or distressed situations restructurings and/or development transactions would be viewed favourably but is not essential
• Solid working knowledge of relevant legal documentation for real estate transactions e.g. Loan facilities certificates of title leases etc
• Knowledge of real estate reviewing valuations leases and other property related documents e.g. technical due diligence for environmental flood ESG
• Excellent numerical and data handling skills with an understanding of credit risk and the ability to analyse/sensitise financial models
• Organised proactive and timely in approach. The ability to manage and prioritise competing workstreams and stakeholders is essential
• Self-motivated with strong interpersonal and presentational skills (verbal and written) on calls in meetings and Investment Committee meetings
• Decision making be prepared to make and act on decisions relating to the Real Estate Debt Loan Book

Whatever your role we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday plus public holidays 26 days after 2 years service. Theres also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are many discounts we offer both for our own products and at a range of high street stores and online
• Were creating netzero carbon workplaces by 2030 by investing in our sustainable modern offices across the UK all designed to bring people together and elevate the inperson experience

Additional Information :

At L&G we believe its possible to generate positive returns today while helping to build a better future for all.

If you join us youll be part of a welcoming inclusive culture with opportunities to collaborate with people of diverse backgrounds views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares. Although some roles have limited flexibility due to customer demand we accommodate requests when we can.

It doesnt matter if you dont meet every single criterion in this advert. Instead think about what you excel at and what else you can bring in terms of strengths potential and connection to our purpose.

Remote Work :

No

Employment Type :

Full-time

Experience: years
Vacancy: 1