At a Glance
- Tasks: Lead a team to manage loans and recoveries in a dynamic property finance environment.
- Company: Join a leading bridging and development lender in Hertfordshire.
- Benefits: Competitive salary, career growth, and the chance to make a real impact.
- Why this job: Shape the future of collections and recoveries while working with industry experts.
- Qualifications: Experience in mortgage collections and strong leadership skills required.
- Other info: Fast-paced environment with opportunities for professional development.
The predicted salary is between 48000 - 72000 £ per year.
We are recruiting for a Head of Servicing, Collections & Recoveries Manager for our Hertfordshire based bridging and development lender. The successful applicant will lead a small, experienced team and be responsible for the efficient, ongoing management of performing loans and the recovery of loans in default.
This new role requires strong leadership skills, in-depth knowledge of collections and reporting practices for a property finance lender. The ideal candidate will likely be in a senior role within the collections team of a property finance lender.
Responsibilities- Management of support team
- A portfolio of performing and non-performing secured property loans.
- Working alongside colleagues to minimise litigation
- Resolve contractual disputes pre-proceedings and deal with contested matters up to trial
- Maintain high standards of financial management and record keeping
- Undertake effective due diligence processes at all times
- Prepare and submit regular reports to keep the board informed of the status and trend
- Meetings with, and site visits to, overdue and/or defaulted clients as necessary
- Develop existing and build new strong relationships with external partners
- Develop and enhance collection and recovery policies
- Working with the Financial Controller to develop systems to identify potential bad debts and assist with cash flow modelling
- Proactive management to ensure timely redemption of loans
- Must have mortgage collections experience
- Short term residential and commercial recovery experience is required
- Experience working with legal counsel, insolvency practitioners, receivers etc
- A good understanding of legal processes and requirements regarding non-performing loans
- A strong team player ethos, with the ability to collaborate with peers across teams
- Experience of working in a fast-paced property finance environment with the ability to plan and prioritise workload
- Understanding of property finance security issues
Head of Servicing, Collections & Recoveries in London employer: KFS Recruitment
Contact Detail:
KFS Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Servicing, Collections & Recoveries in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the property finance sector and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on a role that’s perfect for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of collections and recoveries. Be ready to discuss your past experiences and how they relate to the role. We want to see your leadership skills shine through!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that match your expertise in mortgage collections and property finance.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Show your enthusiasm for the role and reiterate why you’re the best fit for their team.
We think you need these skills to ace Head of Servicing, Collections & Recoveries in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Servicing, Collections & Recoveries role. Highlight your mortgage collections experience and any leadership roles you've held. We want to see how your background aligns with our needs!
Showcase Your Skills: In your cover letter, emphasise your strong leadership skills and your understanding of legal processes related to non-performing loans. We’re looking for someone who can manage a team effectively while navigating the complexities of property finance.
Be Specific About Achievements: When detailing your past experiences, be specific about your achievements in collections and recoveries. Use numbers or examples to illustrate how you’ve minimised litigation or improved recovery rates. This helps us see the impact you can bring!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at KFS Recruitment
✨Know Your Stuff
Make sure you brush up on your knowledge of collections and recoveries in the property finance sector. Familiarise yourself with the latest trends, legal processes, and best practices. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Leadership Skills
As a Head of Servicing, Collections & Recoveries, you'll need to demonstrate strong leadership abilities. Prepare examples from your past experiences where you've successfully managed teams or resolved conflicts. Highlight how you foster collaboration and maintain high standards within your team.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills. Think about potential challenges you might face in this role, such as dealing with overdue clients or resolving disputes. Prepare structured responses that outline your approach and the outcomes you achieved in similar situations.
✨Build Rapport with Interviewers
During the interview, aim to build a connection with your interviewers. Show enthusiasm for the company and the role, and don’t hesitate to ask insightful questions about their current challenges in collections and recoveries. This demonstrates your proactive attitude and genuine interest in contributing to their success.