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- Tasks: Manage client recoveries and oversee risk in a dynamic financial environment.
- Company: Join a fast-growing financial services firm supporting UK SMEs with diverse funding solutions.
- Benefits: Enjoy 26 days annual leave, private medical insurance, and a cycle to work scheme.
- Why this job: Be part of a key role that impacts business growth and client success while fostering a supportive culture.
- Qualifications: 5+ years in Invoice Finance and strong communication skills are essential.
- Other info: This role is based in Manchester and offers opportunities for professional development.
The predicted salary is between 39600 - 77000 £ per year.
Location: Manchester - Onsite
Salary: Up to £55k
Our client is a fast growing financial services business offering a diverse range of funding solutions to UK SMEs. With a portfolio that includes Invoice Finance, Asset Finance, Loans, and Asset Based Lending, the company has supported the growth of over 10,000 businesses across the UK.
As part of its continued expansion, the business is seeking a Recoveries Manager to join the Risk division. This is a key role that will report to the Head of Risk, Invoice Finance, and will be responsible for managing higher risk client situations, ensuring effective recovery of funds, and contributing to wider portfolio risk oversight.
Key Responsibilities:
- Prioritise and manage client facilities that enter a collect out status to maximise recoveries.
- Lead and perform ledger verifications; provide oversight when delegating to additional resources.
- Conduct regular reporting on audit completion status and verification levels.
- Carry out client sampling exercises three months post commencement.
- Conduct internal audits of operational processes to ensure compliance and efficiency.
- Support the Head of Risk in managing intensive care client situations.
- Provide accurate updates on problem cases to assist in maintaining correct bad debt provisions.
- Travel to client premises to collect necessary documentation when required.
- Manage escalated recoveries via legal proceedings, working with panel solicitors at both debtor and guarantor levels.
- Maintain and present monthly updates on the collect-out portfolio.
- Handle client matters fairly, consistently, and in line with the company’s values.
Essential Requirements:
- 5+ years of experience in Invoice Finance or a similar financial services industry.
- 3+ years of experience in operational and client facing roles.
- Excellent written and verbal communication skills.
- Strong analytical abilities with experience in reporting and case management.
- Full UK driving licence is essential.
- Relevant ABFA/UK Finance qualification (Certificate or Diploma) preferred.
Compensation & Benefits:
- 26 days annual leave, increasing to 28 days after 2 years of service.
- Private medical insurance and healthcare cashback plan.
- Life assurance and income protection.
- Holiday exchange scheme.
- Cycle to work scheme and electric car scheme.
- Pension scheme.
Venator Executive is a specialist recruitment consultancy committed to connecting exceptional talent with outstanding opportunities. All applications will be treated with the utmost confidentiality.
Please note: While we aim to respond to all applications, due to the high volume of responses, only shortlisted candidates will be contacted. If you do not hear from us within 7 working days, please assume your application has not been successful on this occasion.
Venator Executive operates as an equal opportunities employer. We welcome applications from all individuals and encourage those from underrepresented groups to apply.
Recoveries Manager employer: Venator Executive Recruitment
Contact Detail:
Venator Executive Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Recoveries Manager
✨Tip Number 1
Familiarise yourself with the specific challenges faced in the Invoice Finance sector. Understanding the nuances of managing higher risk client situations will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the financial services industry, particularly those involved in recoveries and risk management. Building connections can provide insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest trends and regulations affecting the financial services sector. Demonstrating your knowledge during discussions can showcase your commitment and expertise.
✨Tip Number 4
Prepare to discuss specific case studies or examples from your past experience that highlight your problem-solving skills and ability to manage escalated recoveries effectively.
We think you need these skills to ace Recoveries Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Invoice Finance or similar financial services. Emphasise your operational and client-facing roles, as well as any specific achievements related to recoveries management.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the Recoveries Manager role. Use specific examples from your past experience to demonstrate how you can manage higher risk client situations and contribute to portfolio risk oversight.
Highlight Relevant Qualifications: If you have any qualifications such as ABFA/UK Finance Certificate or Diploma, make sure to mention them prominently in your application. This will show your commitment to the industry and enhance your credibility.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. Clear and professional communication is crucial, especially for a role that requires excellent written skills.
How to prepare for a job interview at Venator Executive Recruitment
✨Showcase Your Experience
Make sure to highlight your 5+ years of experience in Invoice Finance or similar roles. Be prepared to discuss specific situations where you successfully managed recoveries or client relationships, as this will demonstrate your capability for the Recoveries Manager position.
✨Prepare for Case Management Questions
Expect questions related to case management and recovery strategies. Think about examples from your past work where you had to handle high-risk situations and how you approached them. This will show your analytical abilities and problem-solving skills.
✨Understand the Company Values
Familiarise yourself with the company's values and culture. During the interview, emphasise how your approach to client matters aligns with their principles. This will help you connect with the interviewers and demonstrate that you're a good fit for the team.
✨Ask Insightful Questions
Prepare thoughtful questions to ask at the end of the interview. Inquire about the challenges the Risk division is currently facing or how success is measured in the Recoveries Manager role. This shows your genuine interest in the position and helps you assess if it's the right fit for you.
