A new borrowing experience

Chief Finance Officer and Deputy CEO Central London

INTRODUCTION

This is an exciting new executive role and an opportunity to make a real difference. MORhomes is a bold initiative to set up a borrowing vehicle for the affordable housing sector. Over 60 major borrowing housing associations have come together and set up a new plc which borrows on its own balance sheet and lends to housing associations. Advantages to borrowers include quick and efficient access to the debt capital markets, much greater flexibility and overall lower costs of borrowing. Borrowers are also the shareholders, so any surplus we make will go back into social housing.

We are working with leading legal and financial advisers in the field who have produced a sound business plan to borrow £1billion a year using a ‘medium term note’ (MTN) bond programme. After a year’s hard work the company has been set up and we have issued our first £250m bond.

THE ROLE

Reporting directly to the CEO you will need to be a self-starter with the drive to lead and keep on top of a whole range of executive, financial and treasury management functions in a fast-moving environment. You will have had experience of working at a senior level in a commercial finance function and be able to operate at executive and board level. You will be comfortable with establishing and maintaining excellent working relations with a wide range of stakeholders. Experience of corporate finance and debt capital markets will be an advantage.

For an informal discussion about the role, please contact Sue Manning, Forest HR on 07939 269612.

A recruitment information pack and how to apply are available below

Please note the deadline for applications is midday, Wednesday 15th May 2019.

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If you wish to have an informal discussion about a role or if you have any questions please contact the Interim Chief Executive.