A long established and highly successful Specialist Real Estate Lender are looking to appoint a Head of Servicing, Collections & Recoveries Manager for their bridging and development finance loan book.
The successful applicant will lead a small, experienced team and be responsible for the efficient, ongoing management of performing loans and the recovery of loans in default.
This new role requires strong leadership skills, in-depth knowledge of collections and reporting practices for a property finance lender, and a strategic mindset to shape the future direction of the loan management and collection’s operations of a growing business.
The ideal candidate will likely be in a senior role within the collections team of a property finance lender and will be proactive in recovering non-performing loans as well as monitoring payment performance, arrears management and recommending the strategic direction of the team.
Responsibilities:
*Management of support team
*A portfolio of performing and non-performing secured property loans.
*Working alongside colleagues to minimise litigation
*Resolve contractual disputes pre-proceedings and deal with contested matters up to trial
*Maintain high standards of financial management and record keeping
*Undertake effective due diligence processes at all times
*Prepare and submit regular reports to keep the board informed of the status and trend
*Meetings with, and site visits to, overdue and/or defaulted clients as necessary
*Develop existing and build new strong relationships with external partners, such as receivers and legal counsel, to optimise collections outcomes
*Develop and enhance collection and recovery policies
*Working with the Group Financial Controller to develop systems to identify potential bad debts and assist with cash flow modelling
*Proactive management to ensure timely redemption of loans
Requirements:
*Must have Real Estate collections experience
*Short term residential and commercial recovery experience is required
*Experience working with legal counsel, insolvency practitioners, receivers etc
*A good understanding of legal processes and requirements regarding non-performing loans
*A strong team player ethos, with the ability to collaborate with peers across teams
The position will offer a competitive basic salary commensurate with skill and experience.