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For Companies At a Glance
- Tasks: Lead the recoveries team and improve debt collection strategies.
- Company: Join a reputable financial services organization known for excellent customer service.
- Benefits: Enjoy hybrid working, competitive salary, and generous holiday leave.
- Why this job: This role offers leadership opportunities and a supportive company culture.
- Qualifications: Strong understanding of debt recovery and leadership skills required.
- Other info: Be part of a dynamic team in Basingstoke and advance your career!
The predicted salary is between 45000 - 50000 £ per year.
- Great opportunity to manage a team!
- Opportunity of hybrid working!
About Our Client
We are a large organisation within the financial services industry, renowned for our commitment to outstanding customer service and robust financial solutions. Based in Basingstoke, our reputable team is dedicated to maintaining high standards of operations while cultivating a healthy work environment.
Job Description
- Oversee the recoveries department, ensuring efficient collection of outstanding debts.
- Improve existing recovery strategies, ensuring alignment with industry standards.
- Manage relationships with external recovery agencies.
- Ensure compliance with regulatory requirements in all recoveries processes.
- Provide timely reports on recovery activities and debt situations.
- Coordinate with other accounting & finance teams to minimise credit risks.
- Drive the training and development of the recoveries team.
- Participate in the development of departmental budgets and forecasts.
The Successful Applicant
A successful ‘Recoveries Manager’ should have:
- A robust understanding of the financial services industry, particularly in relation to debt recovery.
- Strong leadership skills with the ability to motivate and develop a team.
- Knowledge of regulatory requirements in the financial services sector.
- Excellent interpersonal skills to manage relationships with external agencies.
- Strong analytical skills for reporting and forecasting.
What’s on Offer
- A competitive salary range of £45,000 – £50,000 GBP per annum.
- A flexible working arrangement with hybrid working.
- Generous holiday leave to ensure work-life balance.
- A professional and supportive company culture.
- A chance to lead and develop a team within a prestigious financial services institution.
Become a part of our dynamic team in Basingstoke and take the next step in your career as a Recoveries Manager. Apply today! #J-18808-Ljbffr
Collections and Recoveries Manager employer: Michael Page (UK)
Contact Detail:
Michael Page (UK) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Collections and Recoveries Manager
✨Tip Number 1
Familiarize yourself with the latest trends and regulations in the financial services industry, especially those related to debt recovery. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Highlight your leadership experience by preparing specific examples of how you've successfully managed teams in the past. Be ready to discuss your approach to motivating and developing team members, as this is crucial for the role.
✨Tip Number 3
Network with professionals in the financial services sector, particularly those involved in debt recovery. Engaging with industry peers can provide valuable insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 4
Prepare to discuss your analytical skills by reviewing past reports or forecasts you've created. Being able to articulate your thought process and the impact of your analyses on recovery strategies will set you apart from other candidates.
We think you need these skills to ace Collections and Recoveries Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Collections and Recoveries Manager position. Highlight key responsibilities and required skills, such as leadership and knowledge of regulatory requirements, in your application.
Tailor Your CV: Customize your CV to reflect your experience in the financial services industry, particularly in debt recovery. Emphasize your leadership skills and any relevant achievements that demonstrate your ability to manage a team effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Discuss your experience with recovery strategies and your approach to team development, ensuring you align your values with the company's commitment to outstanding customer service.
Highlight Analytical Skills: In your application, be sure to mention your strong analytical skills. Provide examples of how you've used these skills in previous roles to improve recovery processes or report on financial situations, as this is crucial for the position.
How to prepare for a job interview at Michael Page (UK)
✨Showcase Your Leadership Skills
As a Collections and Recoveries Manager, strong leadership is key. Be prepared to discuss your previous experiences in managing teams, motivating staff, and driving performance. Share specific examples of how you've developed team members and improved team dynamics.
✨Demonstrate Industry Knowledge
Make sure you have a solid understanding of the financial services industry, especially regarding debt recovery. Familiarize yourself with current trends, regulatory requirements, and best practices. This will show that you're not only qualified but also passionate about the field.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and analytical skills. Prepare for scenarios where you might need to improve recovery strategies or handle difficult relationships with external agencies. Think through your approach and be ready to explain your reasoning.
✨Highlight Your Communication Skills
Excellent interpersonal skills are crucial for this role. Be ready to discuss how you manage relationships with external recovery agencies and coordinate with other teams. Provide examples of how effective communication has led to successful outcomes in your past roles.
