National Recoveries Executive

National Recoveries Executive Credit & Risk ~ Credit Control

Manchester - North West

National Commercial Recoveries Executive

Manchester- Salford Quays

The Role

• • To ensure that debtor recovery actions (both live client and collect out actions) are undertaken professionally, tenaciously, and that, where appropriate, suitable third-party law firms or agents are engaged in line with our UK legal panel firms for a mixed portfolio of UK Commercial client accounts
• To ensure that, where advances cannot be recovered through sales ledger realisations that all avenues possible under the powers contained within the Invoice Finance Agreement and any supporting security are utilised to make up any shortfall as far as possible
• To deal directly with Debtors, Clients, Directors, Guarantors/Warrantors, Insolvency Practitioners or other stakeholders to achieve the best possible outcomes
• Ensure that adequate recovery training is in place and delivered across the UK Commercial businesses, informed by changes in the legal environment and learnings from both successful and unsuccessful recovery cases
• To work with all Commercial offices to ensure that all required information is obtained and that all knowledge sources are tapped into to support recovery efforts
• To ensure that the Bad Debt provision KPC is followed and that provisions are recommended to appropriate stakeholders every month.
• To undertake the role consistently in line with KPCs for the function
• To undertake consistent monthly reporting which meets the needs of all core stakeholders

Key responsibilities

• • Manages portfolio of collect out clients as directed by Line Manager professionally, tenaciously and where appropriate, suitable third-party law firms or agents are engaged in line with UK legal panel firms for a mixed portfolio of UK Commercial client accounts. To ensure that advances cannot be recovered through the sales ledger
• To deal directly with Debtors, Clients, Directors, Guarantors/Warrantors, Insolvency Practitioners or other stakeholders to achieve the best possible outcomes
• Ensure that Risk factor (or any future system which may replace it) is used consistently and that all stakeholders can view and understand our recovery strategy, along with progress and expected timescale for each case, at any time by reviewing the system
• Be responsible for the collection of out and bad debt provision report for one or more Commercial business units, ensuring that the appropriate Head of Business unit approves both before submission to Risk and Finance. Also support the Line Manager in analysing and reporting on the performance of the commercial recoveries portfolio.

Recovers indebtedness by pursuing securities & sales ledger, initiating legal proceedings or instructing solicitors.

In conjunction with the Risk Manager for the relevant Commercial business unit, undertake reviews of all bad debt provisions of 25k or greater using the appropriate reporting format, ensuring that the contents are agreed with the Line Manager and the appropriate Risk Manager to help drive lessons learned.

Undertake appropriate sampling and quality assurance activities across the function

Be a UK Subject Matter Expert for the Invoice Finance Agreement and supporting security documents to ensure that its understanding and adherence to it is embedded within areas of responsibility

Maintain awareness of legal, industry issues and developments and ensure that relevant updates are circulated when appropriate.

Ensure that risk support is provided within the area of responsibility to fulfil requirements for such internal, statutory, stakeholder and funder audits as may be required.

Undertake credit control where necessary on high-risk commercial clients or intensive care cases.

Any other duties or projects commensurate with the level of responsibility of this role, for which the role holder has the necessary experience and/or training

Experience

Experience Proven experience in recoveries in the invoice finance industry

Skills Numeracy, Commercial Awareness, Proficient user of Risk factor, BFS Invoice Finance product knowledge,

Practical experience of the commercial litigation process.

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