Working in a team with our Head of Distressed Investments, the Senior Manager role will play a critical role in managing a portfolio of challenging projects within the Agency’s loan and equity portfolios. You will be joining our small, highly skilled and experienced team, who are committed to supporting the Agency’s core objectives to deliver new homes whilst protecting the value of our investments.

Our Head of Distressed Investments believes in delivering a first-class customer service, taking an innovative and creative approach to resolution of projects. There is an expectation that you will work in a collaborative/flexible way, bringing your experience to problem solving, seeking out a diversity of opinion and contribute to balanced and informed decision making.

As Senior Manager - Distress Investments, you'll be responsible for managing a portfolio where the risk profile has deteriorated, signs of distress are evident and specialist expert attention is required to deliver a solution. Projects are transferred from mainstream Portfolio Management to Distressed Investments at the point significant deteriorating risk is identified and intensive management becomes necessary.

The Senior Manager - Distressed Investments will identify critical emerging risk factors, understand and solve complex issues (which differ for every project) and develop and implement a restructuring strategy that enables homes to be delivered and investment (debt and/or equity) recovery optimised. The strategy will inform impairment assessment (predicted loss) with a consequential direct impact on the Agency’s financial reporting.

The role holder will act as a technical expert assisting and advising mainstream Investment Portfolio Managers, colleagues in other parts of Homes England (including the Land Development Team) and the Executive on investments or transactions exhibiting signs of potential or actual distress.

A bit about you…

You'll have a degree level qualification or equivalent experience as a related industry professional e.g., Banker, Accountant, Surveyor, Lawyer or similar. You'll have a good understanding of residential property development, planning (including s106, CIL), valuation and project monitoring.

Able to demonstrate the necessary experience and understanding of risk and client management of a portfolio of real estate loans or equity investments, including working with and restructuring (where necessary) underperforming transactions.

Confident working with legal documentation associated with real estate finance including loan agreements, inter-creditor agreements, security documents; both reviewing existing legal documents and restructuring related amendments.

You will have excellent organisational skills and ability to prioritise own workload. Working with Senior Stakeholders you'll also have strong communication skills, both verbal and written, with the ability to negotiation and persuade under pressure.

You'll have a good understanding of insolvency law, insolvency planning and insolvency appointments and ability to assess the risks if an enforcement strategy is considered.

The ability to analyse financial information and interrogate financial forecasts (profit and loss, balance sheet, cash flow) is vital to this role. You'll be experienced in drafting scopes of work and appointing external advisers for independent business, legal and property reviews. This requires a detailed understanding of complex risk assessments including, but not limited to, cash flow, profit and loss and balance sheet analysis, supply chain, site delivery and project management, corporate structures and security reviews.

Who are we?

Homes England: The Housing and Regeneration Agency

We believe that affordable, quality homes in well-designed places are key to improving people’s lives. As the government’s housing and regeneration agency, we create thriving new places and transform urban areas, combining the full breadth of our powers, expertise, land, capital and influence to bring investment to communities and get more homes built.

How? We form long-term partnerships that bridge the gap between the public and private sector to meet local needs and aspirations. We use our influence to champion the creation of sustainable homes, communities and places that are brilliantly designed for the people that live there now, and in the future. And we use our funding and support to build a more resilient, diverse and innovative housing sector, helping new entrants in the market, encouraging modern methods of construction and design, and promoting the utmost attention to building safety.

Together with our partners, we’re accelerating the pace of house building, remediation and regeneration across the country, as we seek to deliver ever more affordable homes in places people are proud to call home for generations to come.

What we offer...

As well as a competitive salary and 33 days annual leave, we are committed to 50/50 hybrid working. We’ll support you, wherever possible, so that you don’t miss out on what matters to you.

Membership of the Homes and Communities Agency Pension Scheme, which is a contributory defined benefit scheme with the amount you receive on retirement based on your salary and years worked at the Agency.

Internal applicants: please note that if you are successful, the salary you are offered will be in accordance with our pay policy. You can find details on the HR Hub SharePoint site.

If you ever need a bit of extra help, we have a great employee assistance programme, financial wellbeing 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’ll pay for your membership and once you get your digital kit, you’ll be good to go.

Homes England are a geographically diverse community. We work to a 50/50 office/ home based model. Moving back into our office environments has enabled us to utilise our space and time together in the most collaborative way.

We would encourage all applicants to apply as soon as possible as we may close vacancies early should we receive a high number of applications.

We also encourage you to apply using the full application option as opposed to quick apply, this is especially important if you would like to indicate to us that you would like to be considered under the disability confident scheme.

You will be required to have the Right to Work in the UK and Homes England do not offer visa sponsorship. If your application is shortlisted to interview we will require you to provide proof of your Right to Work in the UK at this stage.

Your application needs to be in your own words, reflect your personal understanding and experience, and must not have been generated by AI tools such as ChatGPT.