Recoveries Executive - Invoice Finance

An excellent opportunity has arisen for a Recoveries Executive within a leading independent provider of Invoice Finance in Manchester.

Key Responsibilities:

• Manages portfolio of collect out clients as directed by Line Manager professionally, tenaciously and that where appropriate suitable third party law firms or agents are engaged in line with BFS UK legal panel firms for a mixed portfolio of BFS UK Commercial client accounts
• Ensure that Riskfactor (or any future system which may replace it) is used consistently and that all stakeholders are able to view and understand our recoveries strategy along with progress and expected timescale for each case at any time by reviewing the system
• Be responsible for the collect out and bad debt provision report for one or more BFS Commercial business units ensuring that the appropriate Head of Business unit approves both prior to submission to BFS Risk and Finance.
• Recovers indebtedness by pursuing securities & sales ledger, initiating legal proceedings or instructing solicitors.
• In conjunction with the Risk Manager for the relevant BFS Commercial business unit undertake reviews of all bad debt provisions of £25k or greater using the appropriate reporting format, that the contents are agreed with the Line Manager and the appropriate Risk Manager to help drive lessons learned.

In return you can expect a competitive basic salary, bonus and an excellent range of additional benefits.