Senior Manager - Housing Guarantees

Senior Manager - Housing Guarantees

Closing Date 29th May

Interviews from wc 8th June

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 £16 billion of capital to be invested and managed through Homes England Investment Directorate. 

The Investment Directorate is evolving into a significantly more powerful and flexible investment arm, reconstituted as the National Housing Bank. This transition provides not only increased capital to be deployed but also broader powers, more autonomy and a clearer investment mandate, positioning Homes England as a central driver of both housing supply and long term housing market reform. This includes direct lending, equity investment, guarantees, land assembly and the biggest affordable home building programme in a generation. 

A bit about the role... 

The role of the Guarantees team is to attract new and additional capital and partners to the housing sector and create platforms that act as conduits for institutional capital to aid in the delivery of high-quality homes in well-designed places. This team has the appetite and resources to shape the future of housing investment in a fast growing, national organisation with real social purpose. 

Working in a team with Martin Taylor, our Head of Housing Guarantees Transactions the Senior Manager – Housing Guarantees Transactions will play a critical role in ensuring that Homes England is an effective programme partner for MHCLG in the delivery of its Housing Guarantee Schemes. These schemes are operated by private sector delivery partners under licence from MHCLG. The delivery partner raises long term debt from institutional investors – usually via public bond issuances – on-lends this to developers of specialist Build to Rent and Affordable Housing, and manages the loans over their term (which can be up to 30 years). Because government (via the secretary of state for MHCLG) guarantees that investors will get repaid on time, it is less risky for investors than lending directly to the developers. This benefit to investors reduces the interest rate developers have to pay, making projects and business plans more viable. Homes England manages the licences with the delivery partners on MHCLG behalf, and the Senior Manager – Housing Guarantee Transactions will be key to overseeing the deployment and portfolio management of the guarantee programmes, building relationships with the private sector partners, MHCLG and Homes England’s internal stakeholders. You will be joining our small and highly skilled team who are committed to the delivery of the Housing Guarantee Schemes. 

Martin believes in working in a collaborative and flexible way to provide a first-class service that balances the need to achieve MHCLG’s policy objectives with the need to ensure the guarantor’s risk is appropriately managed and monitored. The team takes an innovative and creative approach to achieving this balance, and values diversity in experience and perspective to foster good decision making and problem solving.  

This is a rare chance to shape the future of guarantees scheme management in a fast growing, national organisation with real social purpose. Working with key stakeholders and a professional risk team you will ensure efficient, consistent and effective transaction and portfolio analysis, and  have the opportunity to help create a sustainable platform for the long-term operation of the guarantees schemes. 

A bit about you… 

You will be comfortable being involved in discussion about, and often guiding delivery partners through, any issues arising on new transactions and portfolio management. This will require you to use your lending expertise, your sector expertise, your understanding of how government relationships with private sector partners operate, an understanding of what risks MHCLG faces as guarantor and how to navigate government approval processes, often within a very tight timeframe.  

Everything we do is oriented towards ensuring that the schemes deliver on their full potential to deliver more homes while mitigating the guarantor’s risk. Delivering on a mission as bold as ours isn’t always easy. You will be resilient and comfortable managing stakeholders at a senior level and your discussions will always be shaped by a good understanding of the commercial and operational impact of what we do as a team. You will enjoy working in an innovative, fun and engaging way and be able to negotiate and persuade. You will understand how to manage colleagues and be able to demonstrate you can work with others as part of a team in a collaborative, inclusive way. 

What we offer...   

We understand how important life is outside of work so, as well as competitive salary and 33 days annual leave, we are totally committed to flexible working. We’ll support you, wherever possible, so that you don’t miss out on what truly 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 loads of great discounts with leading high street names.  

Our range of network groups are also there to support you to truly 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 top of the range digital kit you’ll be good to go in one of our great offices.  

About The National Housing Bank  

The National Housing Bank (NHB) is a new financial organisation, operating as a subsidiary of Homes England, created to unlock investment at scale and connect capital with capability. Backed by £16bn in new financial capacity (alongside £6bn already committed this Parliament), the NHB’s mission is to accelerate delivery of more homes, stronger places, and thriving communities. 

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.