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For Companies At a Glance
- Tasks: Manage debtor recovery actions and engage with third-party law firms for client accounts.
- Company: Join Bibby Financial Services, a leader in supporting SMEs since 1982.
- Benefits: Enjoy private healthcare, company car allowance, pension scheme, and flexible benefits.
- Other info: Hybrid role with opportunities for personal growth and a supportive team culture.
- Why this job: Make a real impact by helping businesses recover debts and thrive.
- Qualifications: Proven experience in collections/recoveries and strong communication skills required.
The predicted salary is between 24000 - 28800 £ per year.
Overview
Invoice Finance Recoveries Executive – Manchester (Hybrid)
Bibby Financial Services have an exciting opportunity available for a reliable Invoice Finance Recoveries Executive to join our team. You will join us on a full time, permanent basis and in return, you will receive a competitive salary of £28,000 – £32,000 per annum.
About the role
As our Invoice Finance Recoveries Executive you will ensure that debtor recovery actions (both live client and collect out actions) are undertaken professionally, tenaciously and that where appropriate suitable third party law firms or agents are engaged in line with BFS UK legal panel firms for a mixed portfolio of BFS UK Commercial client accounts.
Your responsibilities as our Invoice Finance Recoveries Executive
- Manages portfolio of collect out clients as directed by Line Manager professionally, tenaciously and that where appropriate suitable third party law firms or agents are engaged in line with BFS UK legal panel firms for a mixed portfolio of BFS UK Commercial client accounts.
- To ensure that where advances cannot be recovered through sales ledger National Commercial Recoveries Executive be innovative . do the right thing . be better . work together . trust each other realisations that all avenues possible under the powers contained within the Invoice Finance Agreement and any supporting security are utilised to make up any shortfall as far as possible.
- Ensure that Riskfactor (or any future system which may replace it) is used consistently and that all stakeholders are able to view and understand our recoveries strategy along with progress and expected timescale for each case at any time by reviewing the system
- Be responsible for the collect out and bad debt provision report for one or more BFS Commercial business units ensuring that the appropriate Head of Business unit approves both prior to submission to BFS Risk and Finance
- Recovers indebtedness by pursuing securities & sales ledger, initiating legal proceedings or instructing solicitors
- In conjunction with the Risk Manager for the relevant BFS Commercial business unit undertake reviews of all bad debt provisions of £25k or greater using the appropriate reporting format, that the contents are agreed with the Line Manager and the appropriate Risk Manager to help drive lessons learned
What we are looking for in our ideal Invoice Finance Recoveries Executive
- Experience Proven experience of collections/recoveries
- Invoice Finance Experience
- Skills Numeracy, Tenacity, communication, influencing , proficiency using Microsoft Office suite programmes,
As our Invoice Finance Recoveries Executive, we will reward you and your hard work with
- Private healthcare for you and your family
- Company car allowance
- Company pension scheme
- Wide range of flexible benefits, such as gym membership, technology, or health assessments
- Access to an online wellbeing centre
- Range of discounts from many businesses
- 25 days holiday, which increases with servic,e and options to buy or sell more
- Electric Vehicle/Plug-in Hybrid Vehicle (EV/PHEV) scheme
Why us?
We ve supported small and medium-sized enterprises (SMEs) since 1982, and today we support more than 9000 businesses worldwide. We are proud to help businesses, both big and small to grow and thrive in domestic and international markets.
We re in the business of relationships. Whether working together or supporting our clients, that s what makes us stand out from the crowd.
We know our value lies in our brilliant people, It is fast-paced and varied, and we can handle it. We trust each other, take ownership, work flexibly, have fun and deliver for our clients every time.
We empower our colleagues to be themselves and grow in the way they want we believe in them and celebrate their success.
There s no place quite like BFS and we re proud of that. It s all down to our colleagues – they make us the business with which every SME wants to partner.
If you would like to join us, please click Apply today to be considered as our Invoice Finance Recoveries Executive we would love to hear from you! This role will be hybrid and can be based in any of our UK offices.
We\\\’re absolutely committed to being a truly inclusive place to work, where everyone has an equal opportunity to reach their true potential. Let us know if you need adjustments to support you through any stage of the recruitment process.
We reserve the right to close applications early. No agencies, please.
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Invoice Finance Recoveries Executive employer: Bibby Financial Services United Kingdom
Contact Detail:
Bibby Financial Services United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Invoice Finance Recoveries Executive
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and recovery sectors. You never know who might have a lead on the perfect role or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching common questions for Invoice Finance Recoveries roles. Practice your responses, focusing on your experience with collections and recoveries to show you're the right fit.
✨Tip Number 3
Showcase your skills! Bring examples of how you've successfully managed collections or recoveries in the past. This will help you stand out and demonstrate your tenacity and professionalism.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Bibby Financial Services.
We think you need these skills to ace Invoice Finance Recoveries Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Invoice Finance Recoveries Executive role. Highlight your relevant experience in collections and recoveries, and don’t forget to showcase your skills in numeracy and communication!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our team at Bibby Financial Services. Mention specific experiences that demonstrate your tenacity and ability to manage client portfolios.
Showcase Your Skills: We want to see your skills in action! Be sure to include examples of how you've used Microsoft Office tools effectively in previous roles. This will show us you’re ready to hit the ground running.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. We can’t wait to hear from you and see how you can contribute to our team!
How to prepare for a job interview at Bibby Financial Services United Kingdom
✨Know Your Numbers
As an Invoice Finance Recoveries Executive, you'll need to demonstrate strong numeracy skills. Brush up on your financial terminology and be prepared to discuss how you’ve successfully managed collections or recoveries in the past. Use specific examples that highlight your ability to analyse data and make informed decisions.
✨Show Your Tenacity
This role requires a tenacious approach to debtor recovery. During the interview, share stories that showcase your persistence and problem-solving skills. Talk about challenges you've faced in previous roles and how you overcame them, especially when it comes to engaging third-party law firms or agents.
✨Master the Tech
Familiarity with systems like Riskfactor is crucial. Make sure you understand how these tools work and be ready to explain how you've used similar software in your previous roles. If you can, bring examples of reports or strategies you've developed using technology to streamline recovery processes.
✨Communicate Effectively
Strong communication skills are key in this position. Practice articulating your thoughts clearly and confidently. Be prepared to discuss how you influence stakeholders and collaborate with team members. Role-play common scenarios you might encounter in the job to show your ability to handle difficult conversations.