Job Description
Manager - Product Development
Homes England National Housing Bank
51,076 - 59,970 Hybrid Location: Hybrid (Birmingham, Bristol, Leeds, Liverpool, London, Manchester, Newcastle, Northstowe)
Homes England is launching the National Housing Bank, a new government-backed investment platform to accelerate housing delivery across England.
The National Housing Bank is a new government-backed financial institution within Homes England. With 16bn in capital, it will unlock private investment, support regeneration and accelerate housing delivery across the UK. Joining now offers a rare opportunity to shape a major new national investment platform from the ground up.
The Manager - Product Development will be a key member of a team responsible for generating, designing and transacting financial products that use the National Housing Bank (NHB)'s 5.5bn guarantee capacity to support its housing and regeneration objectives.
The opportunity
Guarantee products will be designed address market failure within the housing sector. This is a market-facing role focused on new product design that furthers the objectives of the NHB and responds to market failure.
Responsibilities include:
Support the origination, structuring and development of Homes England guarantee opportunities to attract private investment, ensuring alignment with risk appetite, operational, financial and policy objectives.
Assist in structuring guarantee transactions and liaising with potential partners, senior colleagues and advisors, ensuring due diligence, regulatory compliance and effective negotiations.
Contribute to the design, operation, and documentation of governance, risk and reporting arrangements, providing analysis and data for wider teams.
Provide insights, analysis and drafting to support business plans, strategy papers, product development and government/internal colleagues on guarantee liabilities.
Build and maintain strong working relationships with internal and external stakeholders while developing knowledge of housing policy, markets and finance.
Take responsibility for personal skills development, sharing best practices, and improving team tools, processes and ways of working.
Candidate profile
Support product development and NHB leadership while clearly communicating logic and rationale to all stakeholders.
Assist in negotiating deal structure, pricing, covenants and information undertakings aligned with the guarantor's risk appetite.
Form, articulate, and defend credit views on assets, borrowers, or structures, coordinating and integrating technical, legal, ESG and appraisal reports.
Draft clear, concise credit/guarantee memos and investment committee papers with actionable recommendations.
Apply debt structuring, capital markets knowledge and residential property valuation (DCF, IRR, yields, cap rates) to inform credit and guarantee decisions.
Manage internal risk, regulatory and rating constraints; review legal documents (term sheets, facility agreements, guarantees) and identify key risk points.
Why join?
Help build a new national investment institution
Work on complex housing and regeneration transactions
Deploy 16bn of government-backed capital
Hybrid working across multiple UK locations
Defined benefit pension and strong public-sector benefits
Contact point for applicants
Name : Rebecca Nolan
Email : 2
Recruitment team
Email : 3
Closing date: 12th April 2026
Right to Work in the UK is required.
References
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