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Recoveries Manager- Development Finance

Aimee Willow Connex
Closing date
28 Jan 2021

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Contract Type
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Job Details

An opportunity has arisen for an experienced Recoveries Manager to manage a portfolio of default and recoveries loan cases.


• Managing a portfolio of the Company's default and recovery loan cases.

• Review the Company's loan and security documents, credit papers and valuations to understand the background to each case.

• Devising strategy on each case and implement by pro-active management to optimise efficiency of outcome and maximise repayment.

• Present case strategy and progress updates to the Company's borrower review forum and risk board (as required).

• On default cases to implement the strategy through oral and written communications with the borrower, guarantors, the Company's advisors (and other involved parties).

• On recovery cases implement the strategy through oral and written communications with any appointed insolvency practitioner, solicitors, debt collectors (and other involved parties).

• Prepare and present strategy and progress updates and voting proposals to Lending Members on a regular basis.

• Monitor and respond to Lending Member enquiries, Questions &Answers, and provide input into complaints procedure.

• Provide progress reports on a regular basis to the Head of Legal and Recoveries.

• Preparation of data and management information on the Company's default and recovery cases.

• Assist to compile information on suspended cases, defaults and estimated losses.

• Support the Head of Legal and Recoveries to monitor and review departmental processes to ensure they are fit for purpose, suggesting and making improvements where required.

• Support the Chief Risk Officer on the delivery of the business strategy.

• Undertake and deliver ad hoc duties and projects required by the department and business as requested by management.

Skills and knowledge

• Experience in loan portfolio management, in particular defaults and recoveries.

• Knowledge of property lending and loan security.

• Good understanding of banking and financial services practice.

• Ability to assess company accounting information.

• Competency in Microsoft Office, Word, Excel and other business software.

• Business and commercial awareness.

• Confident and strong decision maker.

• Excellent communicator with the ability to liaise with all areas of the business.

• High quality management and organisational skills.

• Ability to prioritise and work to tight deadlines.

• Experience of working in a regulatory environment.
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