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- Tasks: Manage recovery clients and lead a team to resolve delinquent accounts.
- Company: Join CBCRS, a fast-paced and growing business in the finance sector.
- Benefits: Enjoy a salary up to £55k, car allowance, and excellent benefits.
- Why this job: Make a real impact by developing recovery strategies and building client relationships.
- Qualifications: Strong knowledge of asset financing and recovery processes is preferred.
- Other info: Contact Mark Lyons for a confidential chat or send your CV.
The predicted salary is between 39600 - 77000 £ per year.
To £55k plus car allowance and excellent benefits.
The Collections and Recoveries Manager is responsible for managing a portfolio of recovery clients and providing support and advice to the Account Management team in working with delinquent customers. The role will be responsible for identifying and proposing work out strategies and managing through to successful completion, working with third party industry professionals (lawyers, insolvency practitioners, debt collection agencies) where appropriate.
The successful candidate will be the main point of contact for litigation action and will take the lead in all delinquent collection activity. You will be leading a team of three auditors and one portfolio manager.
MAIN RESPONSIBILITIES:- Managing a portfolio of delinquent accounts and accounts in a workout/recovery scenario. This will involve proposing and agreeing strategies along with managing those strategies through to completion;
- Working closely with the Account Management team to resolve delinquent accounts, overseeing a watchlist of higher risk facilities, taking responsibility for actioning the breach and litigation processes and reporting to the Portfolio Director on case progression;
- Working independently to build trust and negotiate repayment solutions with customers, monitoring repayment plans, liaising with insolvency practitioners and instructing legal proceedings where required;
- Building, developing and managing the relationship with a panel of approved Solicitors, Valuers and Insolvency Practitioners;
- Completing site visits to distressed clients completing a review and assessment of the current position and where necessary consider an appropriate work out plan;
- Proposing robust recovery strategies to the Portfolio Director and wider Management team;
- Identifying emerging risks within the portfolio;
- Ensure that identified risks are categorised accordingly and have active, regularly reviewed strategies in place to remedy the risks;
- React to and anticipate regulatory changes impacting lending; developing contingency plans and strategic responses to change;
- Ensuring that fees and recovery income and expense is in line with our Policies;
- Continually evaluate, through industry knowledge, market conditions and evaluate potential emerging risks based on a portfolio of active clients.
- Good knowledge of Asset and Sales Financing products and operations;
- An ability to make robust and commercial credit decisions;
- An ability to understand and robustly challenge financial and operational information;
- Ability to identify key risk issues that may impact on the recovery of assets funded;
- Understanding of recovery processes preferred to maximise recovery;
- Demonstrate successful communication with internal and external customers at all levels face to face, telephone and email;
- Ability to engage and build relationships with senior management across all areas of the business.
This is a great opportunity to join a fast paced and growing business.
Job Vacancy – Collection and Recoveries Manager – Manchester – CBCRS employer: Business Money Promotions Ltd
Contact Detail:
Business Money Promotions Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Job Vacancy – Collection and Recoveries Manager – Manchester – CBCRS
✨Tip Number 1
Familiarise yourself with the latest trends in collections and recoveries. Understanding current market conditions and regulatory changes will not only help you in interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the industry, especially those who work with insolvency practitioners and debt collection agencies. Building these connections can provide valuable insights and may even lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific strategies you've implemented in past roles to manage delinquent accounts. Being able to share concrete examples of your success will set you apart from other candidates.
✨Tip Number 4
Research the company thoroughly, including their portfolio and recovery processes. Tailoring your conversation to align with their values and practices will show that you're genuinely interested in the role and the organisation.
We think you need these skills to ace Job Vacancy – Collection and Recoveries Manager – Manchester – CBCRS
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in collections and recoveries. Emphasise your ability to manage delinquent accounts and any previous success in negotiating repayment solutions.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key responsibilities and skills mentioned in the job description. Showcase your understanding of asset and sales financing products and your experience with recovery processes.
Highlight Key Skills: In your application, clearly outline your skills in making robust credit decisions and identifying risks. Provide examples of how you've successfully communicated with clients and built relationships in previous roles.
Follow Up: After submitting your application, consider following up with a polite email to express your continued interest in the position. This can help keep you on the radar of the hiring team.
How to prepare for a job interview at Business Money Promotions Ltd
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what the Collections and Recoveries Manager role entails. Familiarise yourself with the responsibilities listed in the job description, such as managing delinquent accounts and working with third-party professionals. This will help you articulate how your experience aligns with their needs.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific situations you've encountered in previous roles, especially regarding recovery strategies and managing delinquent accounts. Prepare examples that showcase your problem-solving skills and ability to negotiate repayment solutions effectively.
✨Showcase Your Communication Skills
Since the role involves liaising with various stakeholders, it's crucial to demonstrate your communication abilities. Be ready to discuss how you've successfully communicated with clients, team members, and external partners in the past, highlighting any challenging situations you've navigated.
✨Research Industry Trends
Stay informed about current trends and regulatory changes in the collections and recoveries sector. Being able to discuss these topics during your interview will show that you're proactive and knowledgeable, which can set you apart from other candidates.
