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Allica Bank, the UK's fastest-growing fintech, is seeking a Collections & Recoveries Manager to join the Lending department. This role supports the Head of Collections & Recoveries in managing the Bank's Commercial Mortgage, Asset Finance, and Growth Finance portfolios for customers experiencing financial difficulty.
You will implement effective collections, restructuring, and recovery strategies to help customers bring lending facilities up to date while protecting the Bank's exposure. Responsibilities include managing a portfolio of accounts showing deteriorating credit quality, conducting site visits to assess customer positions and develop workout plans, and coordinating recovery activity with third parties including solicitors, insolvency practitioners, and debt collection agencies.
Key duties encompass terminating finance agreements where necessary, working with asset managers to recover and sell assets, maintaining accurate watchlist and delinquency aging for IFRS 9 reporting, liaising with insolvency practitioners and collection agents, and ensuring portfolio management aligns with budget. You will also anticipate regulatory or legislative changes affecting lending, develop contingency plans, and support process improvements through cross-functional collaboration.
The ideal candidate brings minimum 3 years' experience in a Collections department managing Commercial Mortgages or Asset Finance (or both) for SMEs. You should demonstrate successful portfolio management of distressed assets, expert knowledge of CM and AF lending products and enforcement options, understanding of legal and contractual rights, knowledge of the regulatory environment including Treating Customers Fairly principles, and working understanding of PD, LGD, EAD, IFRS 9, and impairment processes.
Allica Bank offers flexible and hybrid working arrangements, full onboarding support, continued development opportunities, pension contributions, discretionary bonus scheme, private health cover, life assurance, and family-friendly policies including enhanced maternity and paternity leave.
