Agile Working Options

Other Agile Working Arrangements / Open to Discussion

Job Description Summary

Citra Living is an exciting, new standalone company as part of Lloyds Banking Group, which will focus solely on the private rental market. The move builds on the Group’s existing support for the housing market as one of the biggest mortgage lenders to first-time buyers, home movers and private landlords. Since 2018, Lloyds Banking Group has provided almost £40bn of mortgages in the UK, and helped one in four first time buyers to get onto the housing ladder. Citra will play a key part in the Group’s Strategy of ‘Helping Britain Recover’ through the provisions of quality homes.

The intention is to work with leading housebuilders and UK residential developers through strategic partnerships to identify sites and support the building of additional housing, with Citra Living buying the rental element of these new developments. As well as ensuring continued support for the housebuilding sector, this will also help to address the continued increase in demand for rental properties in the UK concurrently. The properties will provide modern, good-quality homes to meet the demands of a growing rental market and they will be within easy reach of local employment, transport, amenities and leisure facilities.

Job Description

Our Commercial team is looking for a Commercial Manager who'll support the Commercial Directors with leading the sourcing, due diligence and acquisition of suitable properties and portfolios across the UK. We're keen to hear from individuals who are strong project managers, negotiators and possess commercial acumen, so they can help us to deliver the best opportunities.

What are the activities you'll be involved in?

• Be responsible for the project management of a wide array of property transactions, at varying stages of the development cycle;
• Take key responsibility for the financial, technical and commercial due diligence on property acquisitions;
• Contribute towards the sourcing and negotiation of property transactions (and disposals where appropriate);
• Develop, build and take ownership of excel financial models and financial appraisals to drive property acquisition decisions;
• Maintain and develop network of colleagues within LBG and external contacts;
• Work collaboratively with the wider Commercial, Operations, Risk and Finance team to execute transactions;

The ideal Commercial Manager will be able to demonstrate the following skills and experience:

• Experience in managing acquisition due diligence process from origination to completion;
• Experience in principal / equity Real Estate investing with ability to conduct quantitative and qualitative analysis of opportunities;
• A strong excel and financial modelling skillset is crucial. The Commercial Manager must be comfortable with creating real estate financial models from scratch if required;
• High attention to detail;
• Experience in preparing institutional quality committee and board papers supporting investment cases;
• Strong commercial acumen and understanding of financial impacts of investment decisions;
• Experience in  structuring, negotiating and executing property investments and managing relationships;
• Gravitas and ability to communicate with senior leaderships and credibly participate in strategic discussions;
• Excellent written and verbal communication skills;
• Ability to work in a fast paced environment and to handle multiple projects concurrently.

This role provides an exciting opportunity to develop professionally  and collaboratively within a results-oriented team, to help deliver on Citra’s commercial objectives and to  bring to life the Group’s vision of being the Best Bank for Customers and colleagues.

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.

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.