Recoveries Manager
Location
Manchester, England, United Kingdom
Posted At
8/2/2025
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Description
Overall Summary
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.
Join the Close Brothers Invoice Finance (CBIF) team as our Recoveries Manager for the North, where you will deliver of a strong, consistent and disciplined approached to recoveries in order to preserve and maximise value of outstanding debts and other asset classes. You will work closely with our Client Services, Credit and Risk teams as well as other external stakeholders such as Insolvency Practitioners and Legal Advisors.
Our ideal new team member will have strong experience across recoveries in the Invoice Finance industry, with strong understanding of the legal documentation and contracts involved in these sorts of transactions. it's also important to have strong communication and relationship building skills, with the ability to solve problems effectively.
Responsibilities
About Us
At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.
Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.
To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers
To find out more about life at Close Brothers:
https://www.closebrothers.com/life-close-brothers#374017299-899295541
To find out more about our benefits:
https://www.closebrothers.com/employee-benefits
To find out more about our commitment to creating an inclusive environment:
Our Responsibility - Diversity and inclusion ¦ Close Brothers Group
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.
Join the Close Brothers Invoice Finance (CBIF) team as our Recoveries Manager for the North, where you will deliver of a strong, consistent and disciplined approached to recoveries in order to preserve and maximise value of outstanding debts and other asset classes. You will work closely with our Client Services, Credit and Risk teams as well as other external stakeholders such as Insolvency Practitioners and Legal Advisors.
Our ideal new team member will have strong experience across recoveries in the Invoice Finance industry, with strong understanding of the legal documentation and contracts involved in these sorts of transactions. it's also important to have strong communication and relationship building skills, with the ability to solve problems effectively.
Responsibilities
- Early engagement on credit risk matters with a focus on debtor verifications and collateral assessments.
- Attend customer premises when required to support with credit and risk strategy.
- Undertake collections activity for failed customers, and/or liaising with external collection agents if any element is outsourced.
- Support with strong credit, risk and governance procedures.
- Ensure timely and accurate system closures, to include completion and circulation of Termination reports.
- Identify developing risks working closely with R&A and Portfolio teams.
- Perform timely and accurate Annual Security reviews.
- Manage and maintain the Northern collect-out report. Ensuring concise and accurate reporting on all live collect outs.
- Ensure that recommendations for any bad debt provision are fully documented in a timely fashion to include a clear rationale and on-going strategy, where appropriate.
- Ensure that customers are put at the heart of what we do as a business and that when delivering our products and services the customer’s needs are met as far as possible.
- Ensure the business operates within its agreed risk appetite and that emerging risks are identified and appropriately escalated.
- Work effectively with the advisory and control functions such as Legal, Risk and Compliance.
- Strong experience in Recoveries within the IF/ID/ABL sectors
- Strong numeric, organisational and credit analysis skills.
- Negotiation skills for convincing clients/debtors to meet their financial commitments.
- Great knowledge of Microsoft office applications/office tools
- Persistent and are determined to be successful
- A strong understanding of financial and legal terms and debt recovery procedures
About Us
At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.
Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.
To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers
To find out more about life at Close Brothers:
https://www.closebrothers.com/life-close-brothers#374017299-899295541
To find out more about our benefits:
https://www.closebrothers.com/employee-benefits
To find out more about our commitment to creating an inclusive environment:
Our Responsibility - Diversity and inclusion ¦ Close Brothers Group
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