Collections & Recoveries Assistant

JR United Kingdom; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a Collections & Recoveries Assistant to join their dynamic team. This role is pivotal in managing and mitigating loan portfolio risks, ensuring compliance, and supporting the recovery of loans. You will engage with clients through various communication channels, negotiate repayment plans, and maintain accurate records. The company offers a vibrant work environment with opportunities for growth, annual salary reviews, and a comprehensive benefits package, including private medical care and exclusive employee discounts. If you're ready for an exciting career move, this opportunity is perfect for you.

Benefits

Annual salary review

Bonuses and Incentives

Enhanced Maternity and Paternity Leave

Exclusive Employee Discounts

Ongoing Staff Training

Private Medical Health Care

Life Insurance Coverage

Additional Day Off for Birthday

Team Building Events

Qualifications

• Experience in loan recoveries or collections is advantageous.
• Strong understanding of lending processes and financial regulations.

Responsibilities

• Assist in the recovery of loans and manage loan portfolio risk.
• Negotiate repayment plans and communicate with clients.

Skills

Loan Recoveries Experience

Understanding of Financial Regulations

Communication Skills

Negotiation Skills

Education

Relevant Financial Qualification

Job description

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Collections & Recoveries Assistant, london

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Client:

Market Financial Solutions

Location:

london, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

4

Posted:

05.05.2025

Expiry Date:

19.06.2025

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Job Description:

Market Financial Solutions (MFS) is a leading independent bridging finance provider based in the United Kingdom. With a strong presence in the market, we specialise in offering fast and flexible bridging loans and buy-to-let mortgages to our valued intermediaries and clients.

Role Purpose:

The Recoveries & Collections Assistant will play a crucial role in supporting the Recoveries and Collection team in managing and mitigating the company's loan portfolio risk. The primary responsibility of this role is to assist in the recovery of loans, liaise with borrowers, and ensure the efficient management of loans. The Recoveries & Collections Assistant will be responsible for maintaining accurate records, adhering to compliance and regulatory guidelines, and contributing to the overall success of the loan management team.

Key Responsibilities:

• Work closely with the Recoveries and Collection Manager to develop and execute strategies for loan recovery.
• Contact clients through various communication channels, including telephone, email, and written correspondence.
• Negotiate repayment plans and settlements with clients in line with company policies and regulations.
• Supporting the Recoveries and Collection Manager by liaising with solicitors and LPA receivers and third parties by any means necessary.
• Updating and providing accurate redemption statements to include any expenses incurred.
• Provide clear and professional communication with customer regarding their outstanding debts.
• Updating and providing accurate redemption statements to include any expenses incurred.
• Ensure strict adherence to all regulatory requirements and compliance standards related to loan recoveries.

Key Skills

• Previous experience in loan recoveries, collections, or a related role is advantageous.
• Strong understanding of lending processes and financial regulations.
• Minimum 2 years’ experience in recoveries role

Why Work for us?

• Be Part of a Dynamic and Growing Company
• Annual salary review & regular appraisals
• Bonuses and Incentives
• Enhanced Maternity and Paternity Leave Package
• Exclusive Employee Discounts at Leading Retailers (covering groceries, technology, and holidays)
• Ongoing Staff Training and Development Opportunities
• Private Medical Health Care with Vitality
• Life Insurance Coverage
• Additional Day Off to Celebrate Your Birthday
• Engaging Work Networking and Team Building Event

Next Steps:

Ready for an exciting career move? Hit ‘apply’ to express your interest, and if your CV aligns with our requirements, expect a call from one of our team soon to discuss this fantastic opportunity further.