Collections and Recoveries Manager

Title: Collections and Recoveries Manager - Asset Finance

Location: Birmingham (Hybrid)

Salary: £60k/£65k plus benefits

Our client is a prestigious lender who have an exciting opportunity for a Collections and Recoveries Manager to join their Business Support team on a hybrid basis. Successful applicant will assist and support the Head of Business Support and the Chief Lending Officer, and the administration of the non-performing loan books in both Real Estate Finance and Asset Finance. The ideal candidate would be a self-motivated, Innovative, results orientated, a team player, and able to quickly build relationships.

Responsibilities of the Collections and Recoveries Manager:

• Assist and support the Head of Business Support and the Chief Lending Officer.
• Advise and support borrowers in developing and implementing optimal strategies to return their loans to performing status.
• Assess the credibility of borrower's recovery plans and their ability to implement them and to monitor the performance of loans against their recovery plans.
• To assess, analyse and make recommendations to the Head of BSU of appropriate action on non-performing loans to aid recovery and mitigate losses.
• Manage the daily loan arrears in line with the Bank’s Policies and Procedures.
• Work closely with the Bank’s panel receivers, valuers, and property managers to maximise the amount realised from the resolution of distressed loans.
• Liaise with any appointed Solicitor, Insolvency Practitioner and /or Receiver to recover the Bank’s debt and liaise with the borrower, where appropriate.
• Maintain information systems to ensure accurate data input.
• Ensure compliance with the Bank’s policies, procedures, and guidelines together with all appropriate regulatory and statutory requirements.
• Develop a good understanding of debt recovery processes relevant to the Bank and assist in recovery cases.

Skills for the Collections and Recoveries Manager:

• Good level of financial and commercial awareness with a proven record of success in commercial banking relationship management.
• Excellent analytical and problem-solving skills developed from a credit-based background or similar, including annual accounts/cash flow/MI analysis.
• Knowledge of the commercial environment and sector specialism including Real Estate lending, Asset Finance, Classic Cars, and the SME market.
• Good understanding of Conduct and TCF requirements relevant to Real Estate and Asset Finance lending.
• An understanding of the identification and treatment of Vulnerable Customers
• Excellent organisational and IT skills

Benefits package for the Collections and Recoveries Manager includes:

• 10% employer pension contributions
• 10% Profit Share Bonus scheme
• 30 day's holiday plus Bank Holidays
• Private Medical Insurance (AXA) including optical and dental cover from day one
• Life Cover at 4x salary from day one

… and more

Please contact Jo for more details.