Newham is perhaps the youngest, most diverse and vibrant local authority in the UK. We are transforming how the Council works to put people at the heart of everything we do and to create better homes and neighbourhoods for our residents. This includes using our major land holding to build the most ambitious Council housebuilding programme in 40 years and focusing investment in our town centres to rebuild after the current crisis.
Over the last decade, Newham has already seen an unprecedented amount of external investment and growth in population, with c.7,500 people joining the borough in 2019 alone. However, despite this, Newham still has some of the poorest neighbourhoods in the country.
To address this head on, we have pledged to deliver 38,000 new homes and 100,000 jobs across the borough, with a commitment to start building over 1,000 new Council homes specifically for social rent by 2022; and have the second highest housing target of any London borough.
About Community Wealth Building
Newham is an ambitious Council looking to be on the front foot in collaborating with its residents and businesses to create a flourishing place. We are adopting a community Wealth Building agenda, underpinned by the principles of economic, social and environmental justice so that long-term prosperity, wellbeing and fairness for all our residents in the borough is achieved and our response to the Climate Emergency is progressed.
Community Wealth Building is an exciting combination of creating the right conditions for residents and businesses to flourish: a stable home, a better neighbourhood, affordable workspace and the skills and access to opportunities to ensure that residents and businesses can make the most of the huge changes that are happening in the borough. We have one of the most ambitious house-building and regeneration programmes in the UK underpinned by significant land ownership, political support, and external and internal sources of funding.
Senior Development Finance Manager
London Borough of Newham
£66,117 - £84,360 per annum
The Senior Development Finance Manager will lead on the development and implementation of a commercial business strategy. This will realise opportunities for the Council to create and grow wealth within the borough by investing directly in the development and acquisition of new housing, stimulating growth and regeneration and generating commercial and social return to the Council.
Providing a strategic approach, the Senior Development Finance Manager will lead on the development, commissioning and delivery of robust financial models for each development scheme and provide options analysis for each site including multi-phase regeneration programmes. As such the Senior Development Finance Manager will maintain strategic financial oversight of Council cash flow, and provide strong accounting control of Community Wealth Building budgets.
This role will also play a pivotal part in the design and development of the Council’s finance strategy to ensure robust and eﬀective processes and systems are in place, in order to manage and mitigate risk and monitor performance; ensuring development and acquisition activity undertaken by the directorate is in line with the Corporate Plan and the Mid Term Financial Strategy.
To be considered for this position, you will have the following experience:
• Successfully leading on all aspects of financial viability associated with the development of the Council’s sizable housing and regeneration programmes which are likely to exceed £2bn in construction value.
• Creating the financial deal structures and co-ordinating the financial reporting and risk management processes associated with development activity.
• To have an understanding of the different residential and commercial markets in which the Council may operate as developer.
• Knowledge of affordable housing products, private sales and build to rent will be fundamental to this role.
• Establish and maintain strong, positive and effective working relationships with key internal and external stakeholders.
• A thorough understanding of public sector practice, the political environment and a real commitment to putting people first.
If you can match our ambition and have the skills, resilience and experience to make a difference, we want to hear from you.
If you have any queries about this important role, please contact: CWB.Recruitment@newham.gov.uk
We are also recruiting several other Development, Construction and Housing positions within our Delivery team. Please visit our microsite for further information about these exciting roles, visit http://www.newhamcwbjob.com/
The London Borough of Newham is a Disability Confident employer. Candidates who declare that they have a disability in accordance with the Equality Act 2010 and meet the essential criteria as specified in the Job Profile will be guaranteed an interview.
Priority consideration on all advertised roles will be given to London Borough of Newham Redeployees.
The London Borough of Newham is committed to safeguarding and promoting the welfare of children, young people and vulnerable groups and expects staff and volunteers to share this commitment.
Please be aware that a Disclosure and Barring Scheme (DBS) check will be required for any position with access to these groups under the provision of the Rehabilitation of Offenders Act 1974.
In addition, the Authority reserves the right to request employees undertake a basic disclosure check (Disclosure Scotland) where required for the role this includes anyone who has access to (or information obtained directly from) a government database, or has a GCSX account. These posts will be required to have a Basic Disclosure Scotland check as per the requirements of BPSS (Baseline Personnel Security Standards).
Should you require any help or advice with your online application, please contact the Recruitment Help Desk on: 0203 373 0909.