Collections Advisor
Senior Collections and Recoveries Specialist
Up to £45,000 + Bonuses
Manchester City Centre
Benefits - Hybrid working, Healthshield - Healthcare, Dental, Optical, Life Assurance (after 3 months) 4 x annual salary, 25 days holiday P.A plus bank holidays
Hours - 37.5 hours per week
As a recovery specialist, you will be responsible for managing a small portfolio of Commercial borrowers who are experiencing challenges around either servicing loans, security risks and/or exit risks along with providing support to the Head of Collections.
You will work to assess the position and ultimately determine appropriate risk strategies to achieve a commercially balanced solution. This may include considering whether a turnaround is viable or where that is not possible, work out a strategy which can minimise provisions in as capital efficient manner as possible, or assessing new lending opportunities.
As a Collections and Recoveries Specialist, we are looking for someone to:
* Manage the credit relationship for a portfolio of customers classified as facing stressed & / or distressed situations, implementing turnaround & recovery strategies and techniques to minimize credit risk
* Demonstrate an understanding in recovery & business restructuring, who can work with professional advisors to achieve the best outcome and exit for borrowers.
* Support and may lead credit discussions with borrowers and obtain approval for exposures and work with management teams and key internal & external stakeholders
* Analyse and challenge information received from borrowers and / or advisors, checking back to source documentation, in order to undertake a robust situation analysis and formulate turnaround / recovery / restructuring strategies
* Visit customers to discuss the issues leading to the stressed & / or distressed situation, develop a relationship and consider appropriate strategies to address the concerns
* Make clear and supported credit recommendations (including loan restructuring where appropriate), monitor management information & documentation requirements, liaising with external 3rd parties where appropriate
* Develop relationships with external suppliers e.g. Insolvency Practitioners, Receivers, Lawyers, Valuers and any other appropriate professionals
* Maintain strong & relevant industry knowledge across all asset type, sectors and regions
* Support the management of the department by identifying process opportunities to improve the outcome for customers and our business
Essential for the Collections and Recoveries Specialist Role:
* Experience in credit risk and / or workout roles in SME and commercial lending
* Knowledge of credit management & recovery strategies
* Knowledge of the commercial & residential lending market
* Strong relationship management & negotiating skills
* Proven analytical skills with a strong working knowledge of risk control
* Strong communication & presentation skills
* Good understanding of financial accounts, schedule of works & cash flow forecasts