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As we’ve alluded to previously, NAMA’s extra workload means it needs to staff up, and now it’s emerged that the body intends to bolster its headcount by 50 over the next four months. Perhaps not surprisingly, there’s no shortage of interest.
NAMA is now tasked with managing the portfolios of some 150 developers in Ireland, so understandably it’s relatively diminutive team of 100 is slightly overworked. The Irish Independent suggests that 50 new roles will be filled in the first quarter of 2011.
The body has had no shortage of applicants for the roles it recruited for in the past, having received 2,000 CVs when it was recruiting in the first half of 2010. However, the volume of new roles has prompted it to look to the services of external recruitment agencies. In the past it recruited directly on its website.
Hilarie Geary, CEO of Irish recruiters Executive Connections, says that a large number of financial services professionals are “genuinely excited” about the opportunities at NAMA.
“There looking for very specialist skill-sets – a combination of portfolio management and credit control with an understanding of the property market,” she says. “Candidates are either returning to Ireland, or coming out of roles in domestic institutions and looking to diversify their CV.”
As well as senior roles, NAMA is also recruiting for loan administrators at the junior to mid-level, she suggests, and most roles require a QFA qualification.
On of the selling points is obviously a decent amount of job security at a time when most domestic institutions are gearing up for restructuring. However, there’s also some decent salaries on offer.
In its presentation to the Public Accounts Committee in November, NAMA cited the need for confidentiality for refusing to give any real colour on salaries.
However, it did say that it expects 70%+ of the €25m overhead payment to the NTMA to relate to the 102 staff currently in its employ. Taking that figure as €17.5m, this means an average of salary of around €175k, although executives are likely to see considerably more than this.
Tenants were “genuinely excited” when their crops failed on their own private holdings and the landloard offered them work after he repossessed their land …….!
From “An idiots guide to Ireland”