Job Description
Job Summary
- To lead the implementation and execution of the Recovery and Collections strategy and provide strategic direction and guidance on a broad and diverse range of complex operational activities.
Duties & Responsibilities
- Develop policies, procedures and guidelines governing recovery and collections activities
- Provide technical and strategic advice about debt collection services and procedures, both externally and internally
- Oversee bottom-line metrics, including detailed strategic analysis, forecasting, and account placement
- Implement new strategies and tactics to improve collections and recovery performance, training, and coaching staff to improve performance.
- Liaise with collection agencies regarding collection and claim pay activities and further developing strong, sustainable relationships
- Manage portfolio of clients whilst developing and maintaining new commercial opportunities.
- Liaise directly with clients, third parties and colleagues in departments to maximise collections performance whilst also ensuring good client outcomes
- Maintain high standards of financial management and record keeping
- Undertake effective due diligence processes
- Ensure all file audits and monthly reviews are completed accurately and within agreed timescales
Qualifications
- A minimum of Bachelor's Degree in Finance, Business, Economics, or other quantitative related field is required.
experience:
- Minimum of 10 years work experience in consumer or commercial lending, process analysis, credit risk and collection.
Behavioural Skills:
- Good knowledge of corporate credit, collection agencies, legal and compliance procedures, credit risk and account management.
- Competent Project Management skills.
- Understanding of the full credit lifecycle including acquisition, fraud, account management, collections and recoveries.
- Familiar with operating Loan Banking Applications such as Bank One or other enterprise software.
- Numerically savvy, able to work with data, perform analysis and communicate result.
- Experienced in performance management.
- Proficient on Microsoft Office Suite.
- Able to deal with uncertainty and make decisions with limited information, thus action oriented.
- Excellent analytical skills, quantitative and qualitative.