Description
Securitisation Manager
You will take responsibility for daily and monthly operational management and reporting on a £100m loan securitisation funding structure. The role ensures that the loans are accounted and reported in line with agreed policy and compliant with investor requirements.
The monthly reporting will record loan transfers into and out of the securitisation as well as month end balance sheet and funding position, ensuring compliance with funding facilities. Production of cash flow and cash waterfall to manage payments to lenders and to the Group on a monthly basis. Monitoring and managing loans in the securitisation against performance and concentration ratios and managing the underlying loan data for performance reporting or internal and external audit requirements. The Securitisation Manager will also ensure sufficient stock of loans is available for transfer to the securitisation on a monthly basis.
The role will require supporting senior colleagues in the development and execution of further securitisation transactions, including managing relationships with new and existing lenders. The role will also require interaction with the Partner lending team, Treasury team, Finance and Legal.
Key Responsibilities:
- Manage monthly operations of the Securitisation vehicle and ensure compliance with Credit & Collection Policy and Servicing Agreements, ensuring appropriate underwriting and performance of loans, eligibility, compliance with funding and concentration and other requirements.
- Monitor the securitisation loanbook daily for issues which may require management. This will include understanding the performance of loans within the transaction and identifying requirements to rectify individual loan accounts.
- On a monthly basis prepare Internal and External reporting packs on the performance of the Securitisation, including balance sheet and borrowing position, funding adjustments, loan transfers and buy-backs as well as preparation of the cash waterfall and the resulting distributions to servicer, trustee, senior and subordinated lenders etc
- Maintain a list of loans eligible for Securitisation and complete due diligence on new loans, ensuring compliance with the Credit Policy and Transaction Agreement.
- Monitor key risk and performance indicators including the Portfolio Amortisation Triggers.
- Contribute to the future development of the Securitisation facility including increasing the size of the facility, bringing in new investors and communicating and developing Credit Policy.
- Maintain rolling cash forecast to ensure adequate funding from the securitisation program.
- Maintain historic data of the loan portfolio to enable presentation of performance data to lenders or for audit purposes.
Required Skills/Experience:
- Some experience of lending or debt funding.
- Strong analytical and data management skills - comfortable with manipulation of large data files.
- Able to design and implement financial controls and processes and ensure their effectiveness.
- String operational management capabilities - monitoring and executing required processes and procedures through monthly operating cycles.
- Able to understand and interpret legal documents and develop procedures to ensure compliance.
- Able to develop high quality reports for internal and external audiences, and to understand results and communicate issues and propose solutions.
- Able to work as part of a team with a wider range of other specialist, including Lending, Legal, Finance, Treasury and Corporate Finance. Excellent face to face and telephone communicator.
- Credible and comfortable with dealing with Senior Executives and members of the SJP Partnership.
- Pragmatic and business like with strong negotiation skills.
Required Technical Knowledge:
- A professional qualification in accounting.
- Ability to understand extensive legal documents and manage to their requirements.
- An understanding of lending, credit and debt funding structures.
- Specific knowledge of Securitisation and relevant statute and regulation would be advantageous.
Please send the CV in the first instrance
To be considered for this role, please submit your CV in application.
We will contact you within 72 hours if your skills are relevant to our client's requirement.
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