Corporate Recovery Manager
Corporate Recovery Manager, you will be responsible for managing a small portfolio of Corporate Customers who are experiencing challenges around either servicing loans, security risks and/or exit risks along with providing support to the Corporate Recovery Directors.
You will manage the credit relationship for Corporate Customers demonstrating stress and/or distress. 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 Manager, 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
- Demonstrate an understanding in recovery & business restructuring, who can work with professional advisors to achieve the best outcome for customers and Together
- Support and may 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
- Analyse 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
- Develop relationships with external suppliers e.g. Insolvency Practitioners, Receivers, Lawyers, Valuers and any other appropriate professionals
- 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
- Experience in credit risk and / or workout roles in SME and corporate lending
- Knowledge of credit management & recovery strategies
- Knowledge of the commercial & residential lending market
- Strong relationship management & negotiating skills
- Proven analytical skills with a strong working knowledge of risk control
- Strong communication & presentation skills
- Good understanding of financial accounts & cash flow forecasts
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