Head of Recoveries

1 week ago


London Area, United Kingdom Fintellect Recruitment Full time

Head of Recoveries

Responsibilities


  • Managing a portfolio of the Company’s default and recovery loan cases.
  • Build the strategy of the business, ensuring it is fit for purpose through a high growth period.
  • Review the Company’s loan and security documents, credit papers and valuations to evaluate 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).
  • 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 Chief Risk Officer on the delivery of the business strategy.


Required Skills


  • 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.
  • Invoice Finance or Trade Finance experience would be useful.
  • Business and commercial awareness.


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