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Debt Recovery Advisor for a Boutique London Firm
2 weeks ago
Our client, a high-calibre, boutique firm, are looking for either a junior qualified lawyer or legal executive to join their debt recovery team. This is a fantastic role that works closely with the firm's finance and dispute resolution team. The firm culture is caring, supportive and very friendly while still offering fantastic growth potential. The role offers an attractive salary of between £70K-£80K
The TeamThe team is responsible for the development and overall control of all matters relating to the firm's financial policies, financial affairs and administration.
ScopeWorking within the Risk and Compliance team and alongside colleagues from the Credit Control and Disputes Resolution teams, the Debt Recovery Adviser is responsible for managing the escalation and recovery of a portfolio of aged unpaid bills and mitigating the firm's overall exposure to stubborn or doubtful debts.ResponsibilitiesWork alongside the Credit Control Supervisor to review aged debt exposure, weigh up enforcement costs against collection prospects and decide escalation measures on particular balances.Liaise regularly with the Risk and Compliance Manager and relevant Solicitors elsewhere in the firm to maintain a consistent approach to client communication and debt-handling protocols.Collate client engagement materials (client care letters, cost estimates and updates) and liaise with clients on particular debts, negotiating payment terms and monitoring compliance.When required, prepare and send letters before action, issue Court proceedings and manage the conduct of those proceedings (including considering and advancing legal arguments) through to judgement. Thereafter, to progress enforcement and oversee recovery efforts, as necessary.Open, maintain and monitor debt-related matters within the firm's file systems, assist with reviewing and adjusting allowances for bad and doubtful debts.Deliver monthly reporting to management on debt recovery progress and maintain activity records on the central 'Collections' database.Assist the Complaints Officer with costs-related complaints.Assist the Risk and Compliance team with the annual internal file review process.Provide other ad hoc and project-based support to the Risk and Compliance team on policy matters such as anti-money laundering (AML) controls, regulatory compliance and file closure activities.
Skills and ExperienceLegal Executive or Solicitor level qualification is requiredExperience in a previous credit control or debt recovery role is preferredExperience of working with and influencing partners and other fee earners to prioritise their debt management alongside other client workConfident in using MS Office tools, particularly Excel.Person SpecificationProactive team player with an enthusiastic manner, approachable to those around them and an excellent role model to the rest of the team.Confident to work autonomously, prioritise tasks and deliver to deadlines both urgent and longer term.Thorough attention to detail, persistent and determined when needed.Evident desire to achieve results and seek continuous improvement in policies, processes and behaviour.
Chadwick Nott Ltd is acting as an Employment Business in relation to this vacancy.
