Director of Debt Finance, OakNorth
+ Equity
Digital bank for business loans and savings
Job no longer available
Digital bank for business loans and savings
201-500 employees
Job no longer available
+ Equity
201-500 employees
Company mission
To serve and empower businesses in the Missing Middle, ensuring each and every one of them has the right tools, insights, and support at every stage of their growth journey with us.
Role
Who you are
- A background in front office and risk within SME Commercial Banking or Leveraged Finance
- In depth understanding of SMEs or Leveraged Finance banking environments
- Excellent communication and customer facing skills
- Good understanding of business processes, strategy and credit policies
- Strong credit, financial analysis and modelling skills, including the ability to write good quality, structured credit papers
- Experience in the analysis of senior, stretched senior and mezzanine cashflow unsecured transactions
- Legal documentation skills
- Experience in presenting credit case internally to a credit committee
- Strong problem solving ability
- Degree in Finance / Commerce or equivalent
What the job involves
- The mission of a Director is to independently originate high quality new deals, which fit within the OakNorth thesis of supporting high quality entrepreneurs and profitable growing businesses
- They are expected to take full end to end ownership, with a strong focus on credit discipline and driving customer delight
- Play a key role in embracing / living OakNorth's entrepreneurial attitude
- Originate, structure, execute transactions that meet the lending requirements of OakNorth
- Manage and further develop existing customer relationships, along with identifying new relationships and opportunities in the market
- Work as part of a team on the execution of corporate finance / real estate / property / trading business transactions
- Build the profile of Bank in the external market with, for example SMEs, KBIs, Advisors and Private Equity firms
- Assess appropriate organic and inorganic growth opportunities for OakNorth Bank in the market
- Spread financial accounts and financial modelling
- Analyse financial accounts and manage information and prepare credit memorandums
- Analyse financial models including forecasted cash flows and sensitivities to assess debt capacity and repayment
- Ensure transaction are documented in accordance with credit approved terms and credit sanctions
- Meet team and individual targets including profit, credit quality, new customers, retention and customer satisfaction
- Have an overview of ongoing relationship management and client experience
- Drive innovation in the product proposition to improve customer experience levels whilst maintaining asset quality
- Ensure high level of customer experience at all times
- Meet team and individual targets set by OakNorth ExCo, CEO and the Board
- Structure transactions appropriately, and prove full credit reports to sanctioning authority
- Maintain close relationships with customers and reporting to Credit in line with policy, in a timely manner
- Act in accordance with OakNorth Bank’s values at all times
Salary benchmarks
Our take
In an era marked by the ongoing cost-of-living crisis and unprecedented disruptions, many companies have faced formidable challenges. However, OakNorth has emerged as a beacon of support, offering tailored financial solutions to help businesses navigate uncertainty and thrive in a rapidly changing landscape.
As exemplified by its recent $22M loan to Sticks n Sushi, OakNorth demonstrates a keen understanding of the unique needs and aspirations of its clients. By providing flexible financing options and strategic guidance, OakNorth allows businesses to pursue growth opportunities and overcome obstacles with confidence. moreover, the bank's collaborative approach fosters strong partnerships built on trust, transparency, and mutual success, creating a dynamic ecosystem where businesses can flourish.
Committed to championing entrepreneurship and driving economic prosperity, OakNorth aims to redefine the banking experience and empower businesses to achieve their full potential. As a trusted ally in times of uncertainty, OakNorth embodies the resilience, agility, and forward-thinking ethos that defines the spirit of modern entrepreneurship.
Kirsty
Company Specialist
Insights
Some candidates hear
back within 2 weeks
27% female employees
26% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Feb 2019
$440m
GROWTH EQUITY VC
Sep 2018
$100m
SERIES B
Total funding: $893.1m
Company benefits
- Equity. We want people to have a stake in the business so that all our interests are aligned
- 25 days holiday
- Personalised benefits – opt-in to what matters to you
- Subsidised Private Medical Insurance with Bupa
- Enhanced maternity and paternity leave
- Wellbeing and social events
- In-house Barista Bar in London office
- Support causes that matter to you – Volunteering time off
- Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)
Company values
- One team: We work together to achieve our goals, whether it’s across teams, countries, departments or people in a room
- Right ambition: Success is better shared. We channel the right ambition as individuals to meet our collective goals
- Customer delight: Our customers drive everything we do. We go beyond satisfaction to deliver delight at every opportunity
- 10x: Better is good, ten times better is great. We set ambitious goals and work to deliver outsized results
- Momentum: We’re go-getters so we take decisive action, at pace. It helps us turn dreams into accomplishments
- Zero base: If it isn’t working, we start from scratch to produce the best solutions for customers and colleagues
- Say it how it is: We’re open and transparent with our stakeholders and encourage honest and constructive input from our team
Company HQ
Carnaby, London, UK
Articles
Leadership
Rishi Khosla
(Co-Founder & CEO)Previously co-founded Copal, a financial research firm which they scaled to 3,000 employees and sold to Moody’s Corporation in 2014.
Joel Perlman
(Co-Founder)Started their career as an Associate at McKinsey & Company before co-founded Copal Amba with Rishi.
People progressing
Joined OakNorth as an Operations Intern in 2018. They have since worked as an Operations Analyst/Associate and now serve as a Senior Associate.
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