Recoveries Team Leader

Recoveries Team Leader

Cardiff Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a team in managing recoveries for personal loans and car finance.
  • Company: Join Admiral Money, a dynamic start-up backed by the established Admiral Group.
  • Benefits: Enjoy flexible working, generous holiday, and share options after one year.
  • Why this job: Be part of an innovative team shaping the future of lending with a supportive culture.
  • Qualifications: Experience in debt management and leading teams in financial services is essential.
  • Other info: We value diversity and offer a people-first culture where you can thrive.

The predicted salary is between 36000 - 60000 £ per year.

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Admiral Money is looking for a Recoveries Team Leader to support the Collections function during a period of growth to help shape processes, support colleagues, and drive positive performance across the team.

About Admiral Money

Admiral Money is an exciting, new division of Admiral Group. We have the freedom and innovation of a small start-up with the security of a large parent company, Admiral.

The journey started when we launched unsecured personal loans in June. We went on to be the first direct-to-consumer car finance provider in December. Since then, we have gone from strength to strength and have some exciting plans for the future.

We’re looking for people who are keen to learn, excited about getting stuck in, and are ready for a challenge to help us create a special lending business for our customers.

About the Role

This brand-new role involves helping to shape and develop our recoveries function for both Unsecured Personal Loans and Car Finance agreements, taking a lead in the day-to-day running of the team whilst we transition to a new way of working. The successful candidate will be able to quickly adapt to a fast-moving, innovative, and high-profile environment, and will be required to hit the ground running. The successful candidate will be given responsibility, empowerment, and scope to set direction and lead the way, whilst very much retaining a hands-on approach.

The ideal candidate will have experience in charged-off loans, insolvency, debt management, litigation, and debt outsourcing.

Responsibilities

  • Leading by example in supporting the team to manage the day-to-day workload.
  • Using strong leadership skills to lead a small team and maintain a positive working environment.
  • Completing appraisals, team meetings/training sessions, and delivering regular coaching and feedback.
  • Helping to build a fully functional recoveries team for personal loans and car finance.
  • Representing Collections in relevant internal/external forums and updating key stakeholders on the team’s activities and performance.
  • Liaising with external companies including debt collection agents, solicitor firms, debt charities, debt sale companies, and system providers.
  • Supporting the wider Collections Strategy Team to drive changes, enhancements, improvements, and documenting processes.
  • Prioritising workloads and analysing team productivity, including conducting quality checks.
  • Contributing positively to the wider Collections management team, ensuring a happy, positive, and supportive working environment for staff.
  • Deputising for the Collections Strategy Manager where needed.

Requirements

  • Experience in building, developing, and maintaining a highly functional recoveries team in a financial services company, including working with structured debt IVA, DMPs, and bankruptcies.
  • Confidence to challenge existing work practices and build new ones to ensure continuous improvement.
  • A strong focus on quality, receptiveness to feedback, and effectiveness in giving feedback.
  • Experience collaborating with people at all levels across an organisation.
  • Understanding of the financial services regulatory landscape and its impact on collections operations.

If you possess these skills, we still want to hear from you!

  • Experience working within the debt sale market.
  • Experience supporting internal and external audits.
  • Experience working with DCA’s to maintain positive relationships.
  • Experience facilitating legal cases to ensure positive business and customer outcomes.
  • Experience building stakeholder relationships with Collections Operations, Underwriting, Credit Risk, Compliance, and senior leaders.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It\’s a place where you can be yourself, supported and empowered to excel. We’re committed to fostering a people-first culture where everyone is accepted. You can grow and progress at your own pace, make a difference for our customers and colleagues, and share in our future. All colleagues are eligible for up to £, of free shares each year after one year of service.

Everyone receives days of holiday (including bank holidays) upon joining, increasing with tenure, up to a maximum of days. You also have the option to buy or sell up to five additional days of annual leave.

We’re proud of our recognition as a Great Place to Work for Women, Wellbeing, and overall. We’re dedicated to ensuring your progression is supported regardless of race, gender, age, sexuality, or any protected characteristic.

Our benefits package is designed to support a healthy work-life balance; you can view some of our key benefits on our website.

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Recoveries Team Leader employer: Admiral Insurance Plc

Admiral Money is an exceptional employer that combines the innovative spirit of a start-up with the stability of a well-established parent company. Our commitment to a diverse and inclusive work culture empowers employees to thrive, offering ample opportunities for personal and professional growth. With competitive benefits, including generous holiday allowances and share options, we ensure our team members feel valued and supported as they contribute to shaping a pioneering lending business.
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Contact Detail:

Admiral Insurance Plc Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Recoveries Team Leader

✨Tip Number 1

Familiarise yourself with Admiral Money's values and culture. Understanding their commitment to innovation and a people-first approach will help you align your leadership style with their expectations, making you a more attractive candidate.

✨Tip Number 2

Network with current or former employees of Admiral Money on platforms like LinkedIn. Engaging in conversations about their experiences can provide valuable insights into the company’s operations and culture, which you can leverage during interviews.

✨Tip Number 3

Prepare to discuss specific examples of how you've successfully led teams in high-pressure environments. Highlighting your experience with charged-off loans and debt management will demonstrate your capability to handle the responsibilities of the Recoveries Team Leader role.

✨Tip Number 4

Stay updated on the latest trends and regulations in the financial services sector, particularly those affecting collections and recoveries. This knowledge will not only impress during interviews but also show your commitment to continuous improvement and compliance.

We think you need these skills to ace Recoveries Team Leader

Leadership Skills
Team Management
Debt Management Expertise
Knowledge of Insolvency Procedures
Experience with Charged-Off Loans
Strong Communication Skills
Stakeholder Relationship Management
Analytical Skills
Process Improvement
Quality Assurance
Understanding of Financial Services Regulations
Collaboration Skills
Coaching and Feedback Delivery
Adaptability to Change
Problem-Solving Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in recoveries, debt management, and leadership. Use specific examples that demonstrate your ability to build and maintain a functional team in financial services.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Admiral Money. Discuss how your skills align with their needs, particularly your experience with charged-off loans and your approach to leading teams.

Showcase Leadership Skills: Emphasise your leadership experience in your application. Provide examples of how you've successfully managed teams, conducted training sessions, and fostered a positive working environment.

Highlight Adaptability: Admiral Money values candidates who can adapt quickly to change. Include instances where you've successfully navigated fast-paced environments or implemented new processes to improve team performance.

How to prepare for a job interview at Admiral Insurance Plc

✨Show Your Leadership Skills

As a Recoveries Team Leader, demonstrating your leadership abilities is crucial. Be prepared to discuss your past experiences in leading teams, managing workloads, and fostering a positive work environment. Share specific examples of how you've motivated your team and handled challenges.

✨Understand the Financial Landscape

Familiarise yourself with the financial services regulatory landscape, especially as it pertains to collections operations. Be ready to discuss how these regulations impact recoveries and how you can ensure compliance while driving performance.

✨Emphasise Continuous Improvement

Admiral Money values innovation and improvement. Prepare to talk about how you've previously challenged existing practices and implemented new processes that led to better outcomes. Highlight your adaptability in fast-paced environments.

✨Build Relationships

The role involves liaising with various stakeholders, including external companies and internal teams. Be ready to share your strategies for building and maintaining positive relationships, and provide examples of successful collaborations in your previous roles.

Recoveries Team Leader
Admiral Insurance Plc
A
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