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- Tasks: Manage delinquent accounts and develop recovery strategies with a dynamic team.
- Company: Join CBCRS, a fast-paced and growing business in the finance sector.
- Benefits: Enjoy a competitive salary up to £55k plus car allowance and excellent perks.
- Why this job: Make a real impact by helping clients recover while building valuable relationships.
- Qualifications: Strong knowledge of asset financing and recovery processes is essential.
- Other info: Opportunity for career growth and development in a supportive environment.
The predicted salary is between 42000 - 66000 £ per year.
Collection and Recoveries Manager – Manchester – CBCRS
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
KEY SKILLS:
- 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. In the first instance please email your cv to Mark Lyons mlyons@cbcrs.co.uk or call 07790808904 for a confidential conversation.
Mark Lyons
Linked In http://uk.linkedin.com/in/marklyonscbcrs
Website www.cbcrs.co.uk
Head Office 12-14 Shaw’s Road Altrincham, Cheshire , WA14 1QU
Registered Address 145 St Vincent Street, Glasgow, G2 5JF
#J-18808-Ljbffr
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 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 can give you an edge in discussions during interviews, showcasing your proactive approach to the role.
✨Tip Number 2
Network with professionals in the collections and recoveries field. Attend industry events or join relevant online forums to connect with others who may provide insights or even referrals for the position at StudySmarter.
✨Tip Number 3
Prepare to discuss specific strategies you've implemented in past roles that led to successful recoveries. Being able to share concrete examples will demonstrate your expertise and problem-solving skills to the hiring team.
✨Tip Number 4
Research StudySmarter's values and mission. Tailoring your conversation to align with our company culture during interviews can help you stand out as a candidate who is not only qualified but also a great fit for our team.
We think you need these skills to ace 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 your experience working with third-party professionals.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key skills mentioned in the job description. Discuss your knowledge of asset financing products and your experience in negotiating repayment solutions.
Showcase Leadership Skills: Since the role involves leading a team, include examples of your leadership experience. Highlight how you've successfully managed teams or projects in the past, particularly in high-pressure situations.
Demonstrate Industry Knowledge: In your application, mention any relevant industry knowledge or insights you have regarding regulatory changes and market conditions. This will show your proactive approach to risk management.
How to prepare for a job interview at Business Money Promotions Ltd
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp of what the Collections and Recoveries Manager role entails. Familiarise yourself with the responsibilities, such as managing delinquent accounts and working with third-party professionals. This will help you articulate how your experience aligns with the job.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to debt recovery and client management. Prepare examples from your past experiences where you've successfully negotiated repayment plans or managed difficult situations. This will demonstrate your problem-solving skills and ability to handle pressure.
✨Showcase Your Communication Skills
As this role involves liaising with various stakeholders, it's crucial to highlight your communication abilities. Be ready to discuss how you've effectively communicated with clients, team members, and external partners in previous roles. Use clear examples to illustrate your points.
✨Demonstrate Industry Knowledge
Stay updated on current trends and regulations in asset and sales financing. Being able to discuss recent changes in the industry or emerging risks will show that you're proactive and knowledgeable, which is essential for a role that requires strategic thinking and risk management.