Credit Analysts x2

 

CREDIT ANALYSTS x 2

HOUSING GUARANTEE SCHEMES

DEPARTMENT FOR COMMUNITIES AND LOCAL GOVERNMENT

Experienced credit analysts are sought for a flagship Government programme to expand the provision of large scale professionally managed rented accommodation, whilst attracting institutional investment into the rented sector and boosting UK economic growth.  The successful candidate(s) will play a key role in delivering Government’s aim of a bigger and better rented sector, undertaking the credit analysis and scrutiny work on the £10 billion Housing Guarantee Schemes (Affordable and Private Rented) and driving their successful implementation.

 

Background to the role

Government’s Housing Guarantee Schemes are intended to help expand the provision of large scale professionally managed rented housing and support economic growth.  The schemes will use the Government’s fiscal credibility to reduce the cost of borrowing for housing providers.  They will also attract investment from fixed income investors seeking a stable, long term return on their investment without exposure to residential rental property risk.

There are two guarantee schemes: one to support the delivery of large scale professionally managed purpose built accommodation for private rent and a second to support delivery of additional affordable homes. Government will guarantee up to £10 billion of housing providers’ debt through the two schemes, for up to 30 years.

 

Role outline

The Department for Communities and Local Government (DCLG) is putting in place a specialist professional credit team with the commercial expertise to deliver the schemes effectively on behalf of taxpayers while managing the risk to Government.

Under the leadership of a Senior Credit Manager, the Credit Analyst(s) will (i) review the credit assessment and due diligence material provided by the external delivery partner in respect of the Affordable Housing Guarantees Scheme and (ii) undertake the primary credit assessment and due diligence function in respect of the Private Rented Sector Guarantees Scheme.  They will brief the Senior Credit Manager and will provide reports to the DCLG Investment Committee, making recommendations on which applications for guarantee support should be approved.

Candidates will benefit from working in an intellectually exciting environment and gaining exposure to Government policy-making processes.

 

Person specification

We seek credit analysts with relevant experience in the Registered Provider and/or the residential property sectors, and relevant experience of bond and/or private placement issuance.  A detailed understanding of cash flow financing techniques and an ability to interpret and, where necessary, an ability to challenge professional valuation and project advice is also required.

As we are recruiting for two posts there is some scope for specialisation of each post holder in one guarantee scheme.  However we expect the strongest candidates to demonstrate competence in both affordable housing and private rented housing finance.

 

Location

London (Victoria).

 

Appointment terms

The post is initially for a fixed term until March 2015, subject to review.

Remuneration is £65,000.

Secondments will be considered.

DCLG is an equal opportunities employer.

 

How to apply

For further information, including details of how to apply, please email housinggrowth@communities.gsi.gov.uk.

Closing date for applications: 12 noon on Monday 19 August 2013.

Interview dates for shortlisted candidates: Weeks commencing 26 August 2013 and 2 September 2013.

 

Contact for additional information

For additional information, please email housinggrowth@communities.gsi.gov.uk or call 0303 444 2851.

July 26, 2013 • Tags:  • Posted in: Financial

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