At last count NAMA had 214 directly-employed* staff, a far cry from the 50-odd that the Agency was intended to have when it was conceived in 2009. In addition NAMA supports 400-500 staff at the so-called Participating Institutions – AIB, Bank of Ireland and IBRC. And of course NAMA supports an army of law firms, accountancy firms, public relations people, private investigators and receivers. In turn these companies employ armies of property managers and estate agents. At present the Agency has four vacancies, and you had better be quick because the closing date for applications is today and tomorrow.
The four vacant roles are (click on links to go directly to job description and application form)
(1) Legal advisor
The closing date for the first role, the Legal Advisor, is today and for the three other roles, it is tomorrow.
This is what the NAMA organisation chart looks like at present, and asset recovery is supposed to be what happens after asset management.
It is not clear if NAMA is ramping up its asset recovery division, or if it is replacing departing employees. As is usual with such advertisements there is no salary given, though a large portion of the remuneration package is a generous pension. NAMA didn’t pay bonuses in 2011, and with the state of the nation’s finances, prospective employees should be cautious in their assumptions about bonuses in the immediate future. The NAMA CEO Brendan McDonagh is reported to take a close interest in recruitment, and prospective candidates can expect a rigorous selection process.
* all of NAMA’s directly-employed staff are in fact legally employees of the NTMA which is the umbrella organisation to which NAMA belongs