At a Glance
- Tasks: Manage debt recovery and negotiate payment plans with clients.
- Company: Rapidly growing financial services company in NW London.
- Benefits: Competitive salary, permanent position, and career growth opportunities.
- Other info: Collaborative environment with a focus on professional development.
- Why this job: Join a dynamic team and make a real impact on businesses' financial health.
- Qualifications: Experience in credit control or debt recovery and strong communication skills.
The predicted salary is between 45000 - 45000 £ per year.
Tony Alan Recruitment currently has an exciting job opportunity for a Collections Specialist to join a rapidly growing business in the NW London area on a permanent basis. This is a UK-based financial services company that provides business and property finance solutions to small and medium-sized enterprises (SMEs). They focus on helping businesses access the capital they need to grow, invest, manage cash flow, or fund specific projects.
You will be an integral part of the financial operations team, primarily focused on working with commercial businesses and ensuring proactive debt recovery to mitigate arrears.
Your duties will include:
- Contact early arrears clients over the phone to manage the collection of outstanding debts on accounts in arrears
- Negotiating payment plans and new payment terms with clients
- Correspond with debtors via telephone and email
- Recall direct debit payments using third-party direct debit platform: GoCardless
- Prepare accurate and detailed statements of accounts for files both internally and for those to be transferred to the relevant solicitors
- Prepare and submit proof of debt forms
- Assist in closing the loan restructures and documentation gathering
- Collaborate with legal counsel and instruct solicitors to begin recovery and review any formal demand letters
- Assess personal equity and work with the Land Registry and credit reference agencies portals
- Ensuring that documents are correctly executed prior to completion of any restructure or forbearance put in place
- Assisting with the restructuring of loans by evaluating client circumstances and contributing to the negotiation of new loan terms
- Reconciling customers' loan accounts and preparing loan statements
- Using Experian, Transunion, Creditsafe, Land Registry, Zoopla to determine customer net worth and tracing their assets before recommending a course of action
Key requirements:
- Experience in credit control or debt recovery, including negotiating payment plans with clients
- Understanding of loan restructuring and forbearance processes is essential
- Strong telephone and written communication skills
- High accuracy and attention to detail when preparing statements, proof of debt forms, and legal files
- Good level of Excel skills for reconciling loan accounts and preparing statements
- Familiarity with credit and property search tools (e.g., Experian, Land Registry, Creditsafe)
Collections Specialist employer: Tony Alan Recruitment
Join a dynamic financial services company in NW London that prioritises employee growth and development, offering a supportive work culture where your contributions directly impact the success of SMEs. With competitive salaries and a focus on work-life balance, this role as a Collections Specialist not only provides meaningful work but also opportunities for professional advancement in a rapidly expanding sector.
StudySmarter Expert Advice🤫
We think this is how you could land Collections Specialist
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Tony Alan Recruitment. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Collections Specialist
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Tony Alan Recruitment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Tony Alan Recruitment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Tony Alan Recruitment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Tony Alan Recruitment.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Tony Alan Recruitment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Tony Alan Recruitment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
