Innovate UK

Relationship Manager – Credit x 2

Location
Moreton-In-Marsh, England, United Kingdom
Posted At
12/16/2024
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Description
Job Summary

Title: Relationship Manager – Credit x 2

Band: UKRI Band E (UKRI Ts & Cs)

Salary: £45,272 gross per annum

Reports to: Head of Portfolio

Location: Field based

Contract: Permanent

Innovate UK recognises the importance of work-life balance and we will be happy to discuss any requests for flexible working arrangements.

Context:

The Innovate UK Loans Portfolio Management team is responsible for the ongoing credit and operational oversight of the IUK loan book. The portfolio is made up of highly innovative, growth-oriented businesses at the cutting edge of new technologies in the UK.

We particularly welcome female applicants as women are under-represented within Innovate UK in this type of role.

Job Description

Job Purpose:

The role will require a highly proactive and partnership approach with both internal and external stakeholders to protect the existing exposures. A key aspect of the role is to grow and develop relationships with existing Customers while successfully onboarding new customers into the portfolio.

Given the early-stage nature of companies in the portfolio there is a significantly higher risk profile than that of a commercial lender. As a result, there is an expectation that a number of borrowers will default on their loan obligations and the appropriate recoveries process will need to be managed by the Relationship Manager.

You will benefit from the support of Portfolio Analysts to support day to day activities, and as a Relationship Manager, you will be expected to help develop the Analysts within the team to foster a culture in which opportunities for continual improvement and innovation are welcomed.

Key Responsibilities and Accountabilities:

  • Manage and develop sustainable relationships with an allocated Innovate UK Loans portfolio
  • Complete periodic assessments of portfolio risk profile, reviewing quarterly management information and reporting any changes required to customer credit grading
  • Work in conjunction with external Monitoring Officers to ensure loan funds are being appropriately utilised on designated projects, facilitating any Project or Drawdown Change Requests required
  • Manage default and recovery scenarios, working with third party professional services firms as appropriate, including lawyers, accountants, and administrators
  • Responsible for ongoing reporting to the Head of Portfolio on performance, progress, and issues
  • Work collaboratively across the wider IUK Loans function including Credit, Portfolio and Lending Operations teams
  • Contributing to the continuous improvement cycle for all portfolio management activities, exemplifying a culture of self-reflection, critical analysis and action
  • Undertake training and development to support your personal growth within Innovate UK


This is not an exhaustive list and you might be encouraged to undertake any other duties across the wider directorate, commensurate with the Band and level of responsibility of this post, for which the post holder has the key experience and/or training.

Travel Requirements:

Field-based: There will a requirement to travel, mostly national, and there is some flexibility in this. Innovate UK staff make extensive use of telepresence tools for meetings to minimise unnecessary travel.

Person specification

Person Specification:

Experience & Qualifications:

Essential –

  • Educated to degree-level and/or equivalent experience in a relevant discipline
  • Experience in the financial services sector, with an understanding of both operational processes and the delivery of lending/investment activities
  • Experience of managing effective client relationships
  • Understanding of key financial metrics and ability to analyse financial statements including balance sheets, P&L and cash flow statements, preferably from a credit risk perspective
  • Experience in managing to KPIs within in a tightly controlled environment
  • A team player, with the ability to lead by example and collaborate effectively


Skills:

  • Spotting and mitigating credit risks
  • Implementing appropriate arrears and forbearance approaches
  • Generating and presenting reports at Board level
  • Sound judgement, knowing when to make clear decisions and when to seek advice from those around you
  • Financially minded and risk aware
  • Ability and willingness to thrive in a changing environment, taking a flexible approach to working


Competencies:

All team members demonstrate compatibility with and capability against our Core Competencies such as:

Thinking and Problem Solving – Stakeholder management – Communication skills – Influencing – Self-awareness/self-management – Strategic awareness – Working with others– Project management

Some of the above competencies will be assessed at interview stage, in addition to the criteria’s listed in the person specification.

Alongside your salary of £45,727, Innovate UK contributes £13,247 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

Employee Benefits:

We offer a benefits package crafted to provide an excellent work/life balance. This includes 30 days’ annual leave, 10.5 public and privilege days, flexible working hours, an exceptional defined benefit pension scheme, and access to a variety of support networks and discount schemes.

Benefits of working at UK Research and Innovation (UKRI)

Flexible Working:

We understand the importance of work-life balance, and are happy to discuss the possibility of flexible working with applicants.

Selection process details

For full details, please visit our careers site. Please submit an application including your CV and a Cover Letter that showcases how your skills and experience align to the requirements of the role.

A well thought through application providing evidence and examples of how you meet the advertised essential and desirable criteria for the post will be considered far more favourably than a generic covering letter and CV.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.

People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality Requirements

This job is broadly open to the following groups:

  • UK nationals
  • nationals of the Republic of Ireland
  • nationals of Commonwealth countries who have the right to work in the UK
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
  • individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
  • Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service


Further information on nationality requirements (opens in a new window)

Working for the Civil Service

Please note this Post is NOT regulated by the Civil Service Commission.

The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window) .

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

  • Name : Recruitment team
  • Email : Recruitment@ukri.org


Recruitment team

  • Email : Recruitment@ukri.org
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