At a Glance
- Tasks: Manage arrears cases, negotiate repayment plans, and support recoveries.
- Company: Established Business Finance Provider with diverse sector support.
- Benefits: Competitive salary, pension, 25 days annual leave, and flexible working options.
- Other info: Opportunity for career growth in a supportive environment.
- Why this job: Join a dynamic team and make a real difference in financial recoveries.
- Qualifications: 2-3 years in collections or recoveries, with strong communication skills.
The predicted salary is between 36000 - 39000 £ per year.
We’re recruiting on behalf of a well-established Business Finance Provider supporting a wide range of UK sectors, including technology, transport, construction and medical.
This role focuses on 60-90 day arrears collections and would suit someone with strong experience in asset finance or motor finance recoveries.
The Role:
- Manage a portfolio of mid-stage arrears cases (60-90 days)
- Negotiate sustainable repayment plans with customers
- Review contracts and assess recovery options
- Liaise with internal teams to support recoveries and minimise risk
- Identify and manage vulnerable customers in line with compliance requirements
About You:
- 2-3 years’ experience in collections, recoveries or bad debt
- Background in asset finance, leasing or motor finance
- Strong knowledge of consumer credit and contracts
- Confident communicator and negotiator
- Organised, resilient and able to work under pressure
Working Pattern & Benefits:
- Full-time in office for first 2 months, then minimum 2 days per week in office (subject to performance)
- Pension
- Parking available
- 25 days’ annual leave (pro rata)
Please note: As you can appreciate we are currently overwhelmed with applications of individuals looking for both short term and permanent work and we can therefore only contact those applications that have relevant skills for positions that we currently have available. Should you not hear from us within a week, please assume you have been unsuccessful on this occasion.
In line with GDPR regulations, we are making you aware that to proceed with your application we will need to contact you via email, telephone and/or text message. To receive future job alerts from us, you will be required to provide consent within our marketing preference options.
Source4 are an equal opportunities employer and complies with all relevant UK legislation. If you are successful in your application, you will be required to attend a full registration with one of our Consultants which will involve you providing a current passport, any relevant visas, a proof of address and completing relevant tests and a full competency based interview.
Recoveries Account Manager employer: Source 4
Source 4 is an excellent employer for HGV Technicians, offering a supportive team environment and a commitment to employee growth through ongoing training and development. With competitive salaries ranging from £40,000 to £45,000 and a clear path to qualifications, this role provides meaningful opportunities for career advancement in the heart of the United Kingdom.
StudySmarter Expert Advice🤫
We think this is how you could land Recoveries Account Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who know about recoveries. A friendly chat can lead to insider info on job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions related to collections and recoveries. We recommend role-playing with a friend or using online resources to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your negotiation skills! During interviews, share specific examples of how you've successfully managed arrears cases or negotiated repayment plans. This will demonstrate your expertise and make you stand out.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Recoveries Account Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in collections and recoveries, especially if you've worked with asset or motor finance. We want to see how your skills match the role, so don’t be shy about showcasing your achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Recoveries Account Manager role. Be sure to mention your negotiation skills and experience with mid-stage arrears cases.
Be Clear and Concise:When filling out your application, keep your language clear and to the point. We appreciate straightforward communication, so avoid jargon and make sure your key points stand out!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Source 4
✨Know Your Numbers
Make sure you brush up on your knowledge of collections and recoveries metrics. Be ready to discuss your experience with managing arrears cases, especially in the 60-90 day range. This will show that you understand the role and can hit the ground running.
✨Showcase Your Negotiation Skills
Prepare examples of how you've successfully negotiated repayment plans in the past. Think about specific situations where you turned a difficult conversation into a positive outcome. This will demonstrate your confidence and ability to handle challenging discussions.
✨Understand Compliance Requirements
Familiarise yourself with compliance regulations related to vulnerable customers. Be prepared to discuss how you’ve managed such cases in previous roles. This shows that you’re not just focused on recovery but also care about ethical practices.
✨Ask Insightful Questions
Prepare thoughtful questions about the company’s approach to recoveries and how they support their employees. This not only shows your interest in the role but also helps you gauge if the company culture aligns with your values.
