Manager - Product Development

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

Full job description - [1] https://prodwepsrdochostingsa.blob.core.windows.net/homes-england/JD - Manager - Product Development 2026.docx

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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1. https://prodwepsrdochostingsa.blob.core.windows.net/homes-england/JD - Manager - Product Development 2026.docx
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