Corporate Recovery Director

Corporate Recovery Director, you will be responsible for managing a portfolio of Corporate Customers who are experiencing challenges around either servicing loans, security risks and/or exit risks.

You will manage the credit relationship for Corporate Customers demonstrating stress and/or distress as well as a proportion of performing customers. You will work to assess the position and ultimately determine appropriate risk strategies to achieve a commercially balanced solution - the aim is to return customers to good health. This may include considering whether a turnaround is viable or where that is not possible, work out a strategy which can minimise provisions in as capital efficient manner as possible, or assessing new lending opportunities.

As a Corporate Recovery Director, we are looking for someone to:

• Manage the credit relationship for a portfolio of customers classified as facing stressed & / or distressed situations, implementing turnaround & recovery strategies and techniques to minimize credit risk
• Be a subject matter expert in recovery & business restructuring, who can confidently challenge professional advisors to achieve the best outcome for customers and Together
• Lead credit discussions with customers and obtain approval for exposures / actions from the appropriate authority and work with management teams and key internal & external stakeholders
• Analyze and challenge information received from customers and / or advisors, checking back to source documentation, in order to undertake a robust situation analysis and formulate turnaround / recovery / restructuring strategies
• Visit customers to discuss the issues leading to the stressed & / or distressed situation, develop a relationship and consider appropriate strategies to address the concerns
• Make clear and supported credit recommendations (including loan restructuring where appropriate), monitor management information and oversee security & documentation requirements, liaising with external legal counsel where appropriate
• Support the Head of Corporate Recovery to identify risk of impairment in a timely manner and in identifying lessons learned for feedback to the wider business
• Maintain and manage proactive & appropriate relationships with external suppliers e.g. Insolvency Practitioners, Receivers, Lawyers, Valuers and any other appropriate professionals to maximize outcomes
• Maintain strong & relevant industry knowledge across all asset type, sectors and regions
• Support the management of the department by identifying process opportunities to improve the outcome for customers and our business

Qualifications

Essential

• Significant experience in credit risk and workout roles in SME and corporate lending
• Evidence of balanced and independent judgement to derive, evaluate and recommend strategies
• Strong relationship management & negotiating skills
• Expert knowledge of the commercial & residential lending market
• Deep knowledge of credit management & recovery strategies
• Proven analytical skills with a strong working knowledge of risk control
• Strong communication & presentation skills
• Good understanding of financial accounts & cash flow forecast

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