Senior Manager - Product Development

Senior Manager - Product Development

Homes England | National Housing Bank

£59,631 - £69,548 | 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 Senior 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:

* Lead the origination and development of guarantee opportunities, maximising private investment in housing and regeneration.

* Structure guarantee transactions, assess risks and liabilities and provide clear, evidence-based recommendations to senior stakeholders.

* Identify and engage partners, lead negotiations, and coordinate advisors to ensure due diligence, compliance and effective deal execution.

* Oversee governance, risk and reporting frameworks, preparing high-quality materials for internal decision-making and approvals.

* Contribute to strategy, business plans and product development, leveraging expertise in housing policy, markets and finance.

* Act as a senior team member, mentoring colleagues, enhancing tools and processes and building strong stakeholder relationships.

Candidate profile

* Support product development and guide key stakeholders with clear, credible explanations and logical reasoning.

* Negotiate terms, pricing, covenants, and information undertakings aligned with risk appetite, including debt and capital markets considerations.

* Assess and defend credit views on assets, borrowers, and structures, incorporating downside, recovery, and residential property valuation metrics (DCF, IRR, yields, cap rates, comparables).

* Manage and challenge technical, legal, ESG, and appraisal reports, reviewing agreements and guarantees to identify key risk points.

* Produce concise, well-structured credit, guarantee, and investment committee papers with clear recommendations.

* Ensure adherence to internal policies, regulatory and rating agency requirements, and assess how guarantees impact risk transfer and capital.

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 - Senior Manager - Product Development (1).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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