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Job Description Summary

Job Description

Corporate and Institutional Coverage (CIC) is an origination and coverage business operating across the UK and North America focused on serving the needs of Mid and Large Cap clients. The business leads with a sector and relationship focus, whilst maintaining UK regional delivery through hubs in London, Birmingham, Bristol, Edinburgh, Leeds and Manchester.

An exciting opportunity has arisen for an Associate Director to join our Corporate Real Estate (‘CRE’) Loan Syndicate, Sponsors & Structured Finance Team. You'll support the team with all aspects of loan origination and syndication including coordination, underwriting, best efforts and broader loan distribution mandates.

You'll work collaboratively and build strong working relationships with internal partners including the relevant CRE sector origination team, credit risk, portfolio management and loan sales team. You'll lead and support other members of the team in originating, structuring, pricing and distributing both secured and unsecured real estate loan instruments including Term Loan, RCF and Bridge facilities for both investment and development finance transactions.

You'll negotiate commercial elements of loan facility documentation including Facility Agreement and Inter creditor Agreement amongst other legal documents. You'll coordinate syndication and distribution of underwritten loan positions in conjunction with loan sales and maintain and develop Lloyds Banks’ investor network in the CRE loan market with both bank and non-bank institutions.

You'll build positive relationships by keeping regular dialogue and representing Lloyds at industry events as well as assisting the wider syndicate team with shaping, driving and embedding the medium-term distribution strategy for CRE transactions as part of the broader Syndicate & Sales team strategy.

Your accountabilities will include:

• Working with CRE Originators to grow the business, lead on client pitches to win coordination, underwriting and best efforts mandates.
• Taking a lead role in new deal structuring through Term Sheet negotiation, advising on loan market conditions as well as opining on market facing elements of the terms to ensure ability to successfully distribute loan facilities as required
• Leading / assisting primary syndication process including, creating information memorandums, answering investor questions, assisting Loan Sales with the trade settlement mechanics
• Developing relationships across the CRE loan market, building wide market knowledge of the lending landscape to ensure successful delivery of syndicated financings for Lloyds Bank CRE clients as well as active management of Lloyds Bank balance sheet
• Leading negotiation, structuring and execution of loan documentation working with external advisors as well as internal partners.
• Execution of internal approvals process for Underwrite, Best Efforts and Bridge transactions, including report writing and presentation to senior management
• Working on wider origination and syndication strategies to assist growth of CRE business
• Supporting junior resource including associates and graduates by sharing standard methodology as well as imparting technical and specialist CRE knowledge.
• Taking ownership of ongoing team reporting for external league tables as well as internal finance and balance sheet reporting and reconciliation

Essential Skills:

• Experience in Real Estate Origination or Syndication preferred with understanding of financing requirements across a wide variety or CRE asset classes. Wider real estate industry knowledge from advisory or professional services with transferable knowledge to CRE syndications could be considered.
• Good understanding of the LMA CRE Investment and Development Finance documentation
• Strong understanding of credit and financial analysis and their application in transaction structuring
• Knowledge and experience of other debt financing and risk management products (e.g. bonds, USPPs, derivatives, CMBS)
• Strong and established relationships with a broad range of borrowers, advisors, banks and investors
• Proven track record of leading transactions from origination through to execution and of delivering successful client outcomes

So what can we offer you in return?

You'll be rewarded with excellent benefits, personal development and a career that’s enriching and full of opportunity!

As well as a competitive salary, you’ll receive:

• A Discretionary Performance Share Award
• Generous pension contribution
• 30 Days leave plus bank holidays
• A flexible cash pot (4% of base salary) to spend on benefits
• Private health cover
• Share Schemes

In return for your expertise, you'll enjoy our total dedication to your ongoing personal and professional development. We'll help you perform at your best today, so you can fulfil all your potential in the future.

We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. We're an equal opportunity employer and deeply value diversity within our organisation.

So, if you think this is the role for you, we’d love to hear from you! Together we make it possible.

This role is considered Certified under the Senior Manager and Certification Regime as either requiring mandatory qualifications or being deemed as a role capable of providing ‘significant harm’ to customers. Due to this, successful candidates will be subject to enhanced levels of vetting, and required to complete a fitness and propriety attestation on commencement in role. Colleagues performing this role will be required to be complete a fitness and propriety attestation on an annual basis and will also be subject to additional routine criminal and credit checks

As a certified colleague your details will be published on the FCA’s Financial Services Register

This role has been identified as a Client-dealing function under SYSC 27.8.18R as defined in the FCA Handbook

The Person(“P”) performs the client-dealing FCA certification function for a firm if:(1)P is carrying out any of the activities in the table in SYSC 27.8.19R; and(2)those activities will involve P dealing with:(a) a person with or for whom those activities are carried out; or(b) the property of any such person;in a manner substantially connected with the carrying on of regulated activities by the firm.

If you manage certified colleagues this role will be identified as Manager of certification employees under SYSC 27.8.13R as defined in the FCA Handbook(1) The function of managing or supervising a certification employee, directly or indirectly, is an FCA-specified significant-harm function.(2) A function in (1) is not an FCA certification function for that firm if it is performed by an SMF manager of that firm.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.