Asset Manager

Job Title: Asset Manager (Development and Refurbishments)

Location: North London Hybrid At least 2 days a week in the office

Salary: Up to 50,000 + Benefits

Hours: Monday to Friday 9:30 am to 5.30 pm

About the position of Asset Manager:

This is a high-impact role for someone who thrives on responsibility, has a strong understanding of development/refurb processes, and can confidently manage borrower relationships. You'll work closely with underwriting, servicing, credit and senior management, and have a direct influence on portfolio performance and exit strategies.

Responsibilities for the role of Asset Manager:

• Development & Refurbishment Monitoring - Review and approve drawdown requests on active schemes. Monitor progress, cost-to-complete, variations, delays, and QS/monitoring surveyor reports. Escalate issues with structured mitigation plans.
• Pre-Completion Technical Assessment - Evaluate proposed schemes pre-funding, including scope, programmes, cost plans, drawings/specifications, insurance, and warranties. Identify gaps, buildability concerns, and risks to viability or delivery.
• Planning & Regulatory Compliance - Assess planning status, conditions, S106/CIL obligations, and discharge requirements. Liaise with architects, planning consultants, and local authorities. Ensure ongoing compliance throughout the loan lifecycle.
• Distressed & Underperforming Loans - Manage loans showing early signs of distress or scope deviation. Work with borrowers, QS, valuers, contractors, and solicitors to develop recovery strategies. Support enforcement, LPA receiver engagement, cost-to-complete reviews, and disposal strategies to protect GDV, timelines, and lender exposure.
• Portfolio Management & Reporting - Maintain borrower communication and team coordination. Produce concise internal reports for senior management and Directors. Contribute to credit committee packs for high-risk assets. Support underwriting with risk insights and exit planning.

Experience and skills required for the role of Asset Manager:

• Strong experience in property development, construction, development management, or refurbishment oversight.
• Ability to read and challenge programmes, cost plans, schedules of work and technical documentation.
• Working knowledge of planning processes, S106, CIL, building control and construction compliance.
• Robust risk assessment skills with confidence in making commercial judgments.
• Excellent communication skills with a variety of stakeholders.
• A team player who thrives in a fast-paced environment.

Desirable:

• Experience within property lending, development finance, monitoring surveyors or consultancy.
• Exposure to distressed asset management, enforcement or receivership.
• Familiarity with lender-side reporting and managing multiple schemes concurrently.

For more information regarding the role of Asset Manager, please get in touch

Stellar Select is acting as an employment agency and is a corporate member of the REC.

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.