Director of Portfolio Management, Investment

Recruiter
Homes England
Location
Cambridge, United Kingdom
Salary
£110k - £130k
Posted
25 Feb 2023
Closes
27 Mar 2023
Ref
18870450
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Who we are

We are the Government's national housing agency. Our role is to accelerate the pace of housebuilding across the country, both in areas where there are the most serious affordability issues - meaning people are struggling to find homes - and where housing can make a meaningful contribution to levelling up the country.

We have the appetite, influence, expertise, and resources to drive positive market change and meet the Government's ambition to deliver 300,000 new homes a year. We are using our investment funds, land assets and market influence and knowledge to increase the pace, scale, and quality of new homes, accelerating delivery in areas of greatest demand and helping create great places to live. Over the next few years, we will have invested over £27 billion across our programmes since our inception in 2018. To deliver against these aims we are building a different kind of public service - join us to help make this happen.

Positioning

This is an exciting time to join Homes England, the government's housing delivery Agency. We have the resources, influence, and diverse expertise to drive positive market change through our significant investment activity. The government has put housing at the heart of its agenda and the Agency is at the forefront of that commitment with a mission to intervene in the market to ensure more homes are built in areas of greatest need to improve affordability. Homes England will make this sustainable by creating a more resilient and diverse housing market, with a focus on quality.

To help achieve this aim, government has committed over £20 billion of capital invested and managed through Homes England. This includes direct lending, equity investment, guarantees, land assembly and the biggest affordable home building programme in a generation alongside unprecedented initiatives to open the market and regenerate places. The Agency is undergoing meaningful change to position itself to meet the challenge and deliver on behalf of government and the role of the Director, Portfolio Management is at the forefront to lead and deliver this ambition.

The role

This is a unique opportunity to lead strategic delivery for an ambitious government agency currently reporting into the Chief Investment Officer (we are currently considering how our structure best serves the Agency's evolving objectives). As a member of the Agency's Senior Leadership Team, you will contribute, shape, participate and engage in the successful delivery of the Homes England strategic direction, and the investment policies and business plan for the Agency.

Through effective leadership of a highly capable Portfolio Management team, you will be directly responsible for delivering the Agency's debt ambitions, deployed from our various Funds, accelerating delivery of key infrastructure projects and direct housing, whilst supporting diversification, innovation, and capacity in the market.

Supporting the Government's housing agenda, as the Director, Portfolio Management you will be responsible for leading our established team to manage and monitor a portfolio of loan products to help Master Developers, strategic place makers and housebuilders face into the challenges of the sector. Acting either directly or indirectly through our lender alliances, we seek to bridge gaps through our funding interventions and increase the supply of liquidity to the market by sharing risk exposure and facilitate lending that would otherwise not happen, supporting the delivery of key infrastructure projects to unlock serviced land for housing development on large sites, and, through direct lending to housebuilders, the delivery of much needed additional homes by new entrants as well as established developers and growing SMEs. The Portfolio Management team monitors and manages each loan through its entire lifecycle, which can be for >10 years, across circa 200+ building sites.

Our strategy seeks to support a more resilient and productive supply chain through finance for new entrants and digitally enabled manufacture (modern methods of construction) and providing funding to unlock and accelerate strategic delivery of new homes and places through longer term infrastructure finance.

But this is not just about money, we want to sponsor real change in the ability of our customers to grow and realise their ambitions. We want to support the development of new entrants, SMEs, and established businesses alike to make the most of their capital and encourage diversity and resilience in the residential development sector.

A critical part of this role is ensuring national investment and housebuilding targets are achieved through Homes England's lending activity, delivering to business plan budgets and within the required timescales. The Director of Portfolio Management plays a key role in ensuring the team they lead successfully manages delivery risk, fiscal recovery and reputational risk.

Building and maintaining strategic and effective relationships with senior officials in DLUHC and HM Treasury, and the wider Development sector is a crucial element of the role. Understanding the dynamics of the marketplace, and where there is failure in the provision of support to the sector by market players informs the strategic direction of the Agency, including the targeting of our funds through new products and sub-sectors.

The individual

We are looking for a Director, Portfolio Management to lead and develop a team of c40 committed lending professionals, bringing relevant experience and knowledge of the residential and commercial real estate sectors, which includes Infrastructure funding on large sites. You will have a proven ability to motivate and lead teams in a real estate and lending environment, delivering effective support for both SME's and institutional borrowers alike. The Director of Portfolio Management is responsible for the governance, stewardship & control, and reporting on the risks across all the Portfolio Management contracted loan book. The Director, Portfolio Management will support their team in key customer meetings, where it is required and be highly focussed on the development of team skills across lending and in managing emerging risks. The Director will ensure the team is devising and managing individual case strategies to ensure credit, delivery and reputational risks are managed robustly, in accordance with our Mission. Your demonstrable leadership ability and strategic business planning skills will be essential to your success in this role. You will have an established network in the sector and be effective managing relationships at a senior level in the sector. You will need to be proficient in building trust and effective relationships with stakeholders across the Agency and Government.

You will have a strong record of delivering results and business plans, within an agreed risk framework and meeting expectations of senior stakeholders, whilst working on strategic and complex project delivery by the public and/or private sector will also be important.

Experience of managing and delivering organisational change in a complex and challenging environment and leading professional multi-disciplined teams. You will be comfortable proactively identifying strategic opportunities.

What we offer

We understand how important life is outside of work so, as well as a competitive salary and 33 days annual leave, we are committed to flexible working. We will support you, wherever possible so that you do not miss what matters to you. 

If you do ever need a little bit of extra help, we have a great employee assistance programme, financial well-being support and access to many great discounts with leading high street names. 

Our range of network groups are also there to support you to be yourself at work and play a key role in helping shape our future. 

If you are a member of a professional body, we will pay for your membership and once you get your top of the range digital kit, you will be good to go. 

Homes England are a geographically diverse community, with the wellbeing of our colleagues remaining one of our top priorities. We are hybrid working now; The successful candidate can be based in London or one of our other principle national offices, with travel to all offices, partner locations and sites expected on a regular basis.
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