|Job Type:||Contract/Temp, Full Time|
Contract: 6 months Fixed Term Contract
Hours: Full time
Salary: Up to £45,000 p/annum depending on experience
Benefits package: 30 days annual leave plus public holidays, pension scheme with 15% employer contribution, life assurance, cycle to work scheme, flexible working and healthcare cash plan.
The Guarantee and Wholesale Solutions (GWS) team support lenders such as banks and non-bank financial institutions unlock more lending to smaller businesses. The Manager Portfolio will be responsible for lender support and portfolio management of the new products; including the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) and any successor scheme and support existing GWS products and initiatives such as Enable Funding, Enable Guarantee and the Enterprise Finance Guarantee.
Reporting to the Head of Portfolio Administration and Audit GWS, you will manage the relationships (from a portfolio perspective) with a variety of scheme lenders and oversee any applications to vary their scheme facilities, such as increasing lending limit allocations. You will check and challenge the delivery partners on scheme-related requests and prepare internal applications when necessary to seek credit approval via the appropriate governance forum. Following approval, the Manager Portfolio will work with the Legal department to finalise documentation and then liaise with the lender to conclude arrangements.
You will provide regular reports on existing products and manage the critical Quarterly Portfolio Review of schemes within the Portfolio in collaboration with senior Bank stakeholders. The Manager Portfolio will also manage lender support for the scheme web portal.
It is essential that you have experience working within the financial services sector and a good understanding of business administration and the small business ‘Access to Finance’ environment. You will also have a high standard of Excel skills to undertake effective modelling and monitoring of the portfolio. You will be confident when engaging with key stakeholders, including lenders, and that you have experience of preparing reports and presenting business cases for credit approval.
You will have excellent communication skills and experience in negotiating and influencing at a senior level. Although this position is based in Sheffield, and will start working from home, you may be required to attend the London office for in-person meetings with key stakeholders.
The British Business Bank is a unique and exciting institution. Its mission is to help drive economic growth by making finance markets work better for small businesses - wherever they are in the UK and wherever they are on their business journey - enabling them to grow and prosper.
Established in 2014, it is a 100% government-owned economic development bank organised as an arm’s length body with an independent Board.
To deliver its programmes, the Bank works through more than 180 finance partners such as high street and digital banks, leasing companies, venture capital and private debt funds and fintech platforms.
Currently, we employ around 390 people, split between offices in Sheffield and London.
All candidates applying for this role should have the right to work in the U.K.