Premium Finance Collections Manager

1st Central; Haywards Heath; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A prominent insurance provider in the UK seeks a Premium Finance Collections Manager to lead effective debt strategies and enhance customer outcomes. This role requires strong leadership in a fast-paced environment and expertise in financial services collections. You will be responsible for driving continuous improvements in collections processes while managing key relationships with stakeholders. This position offers a chance to significantly shape the organization's premium finance proposition and team dynamics.

Qualifications

• Strong leadership and management experience in collections.
• Proven ability to manage third-party vendors and deliver on KPIs.
• Excellent knowledge of premium finance principles and regulations.

Responsibilities

• Lead execution of debt strategies to maximize recoveries.
• Drive process improvements in collections.
• Manage and develop a high-performing team.

Skills

Payment collection experience

Leadership experience

Analytical skills

Negotiation skills

Excellent communication skills

Tools

CRM systems

Job description

Premium Finance Collections Manager 1st Central•Haywards Heath, England, UK

We're 1st Central a market-leading insurance company utilising smart data and technology at pace. Rapid growth has been based on giving our 1.4 million customers exactly what they want: great value insurance with an excellent service. And that's the same for our colleagues too; we won Insurance Employer of the Year at the British Insurance Awards 2024 and our Glassdoor score is pretty mega too!

Are you a confident leader with a strong background in payment collection within Financial Services? Do you bring recent line‑management experience and a passion for developing high‑performing teams? Are you well‑versed in Consumer Credit Regulations and ready to make a real impact? If so we'd love to hear from you!

We're looking for a Premium Finance Collections Manager to join our Commercial & Marketing team. This role could be working remotely or based in either our Salford Quays Manchester or Haywards Heath West Sussex offices.

In this role you'll lead the execution of in‑life and debt strategies to maximise recoveries, minimise bad debt and deliver outstanding customer outcomes. You will drive continuous improvement in collections processes, manage key third‑party relationships and champion a data‑driven customer‑centric approach to debt management. This role is pivotal in shaping our premium finance proposition and supporting the wider business strategy.

Core skills we’re looking for to succeed in the role

• Payment collection experience within the Financial Services industry
• Recent line‑management and leadership experience
• Knowledge and experience of Consumer Credit Regulations

Whats involved

• Commercial & Customer Focus
  • Provide ongoing commercial and customer oversight of Premium Finance supporting budget and reforecast setting
  • Champion a customer‑centric approach ensuring collections strategies support financial recovery and positive customer outcomes
• Strategy & Process Improvement
  • Lead the development and execution of collections strategies to optimise recovery rates and customer experience
  • Drive continuous improvement initiatives leveraging technology and analytics to enhance arrears and debt collection processes
  • Monitor and report on key performance indicators (KPIs) such as recovery rates, bad debt reduction and customer satisfaction
• Team Leadership & Development
  • Manage, coach and develop a high‑performing team fostering a culture of accountability, innovation and customer focus
  • Proactively take responsibility for the line management of all direct reports ensuring optimal performance and professional growth
• Stakeholder & Supplier Management
  • Build and maintain strong relationships with internal stakeholders (credit, product, pricing, risk) and external partners (DCAs, debt purchasers, trade bodies)
  • Oversee third‑party performance ensuring compliance with contractual and regulatory standards
  • Negotiate and manage contracts with external suppliers driving value and continuous improvement
• Compliance & Governance
  • Ensure all collections activities comply with FCA CONC and internal policies
  • Maintain robust controls, risk registers and governance documentation
  • Support the design and implementation of new propositions and changes to improve customer value and regulatory compliance
  • Comply with the requirements and act in accordance with the Group Code of Conduct and Fitness and Propriety policies at all times
  • Ensure compliance with Company Policies, Values and guidelines and other relevant standards/regulations at all times

Experience

• Excellent experience in collections management preferably in insurance or premium finance
• Proven track record managing third‑party vendors and delivering against KPIs
• Experience working within a highly regulated environment

Skills

• Strong leadership, negotiation and analytical skills
• Proficiency with collections technology, CRM systems and data‑driven decision‑making
• Ability to influence senior stakeholders and external suppliers
• Excellent communication skills both verbal and written
• Strong time‑management, organisation and attention to detail

Knowledge

• Excellent knowledge of premium finance principles and regulations
• Strong understanding of motor insurance products and industry distribution channels
• Detailed understanding of FCA requirements (including TCF) and 1st Central's corporate strategy

Behaviours

• Customer‑centric, commercially focused and results‑driven
• Agile, collaborative and committed to continuous improvement
• Professional, confident and personable with a flexible approach
• Analytical by nature with a focus on data‑based decision making
• Inclusive leadership style valuing diverse perspectives

So if you're up for the challenge and would like to join our vibrant and busy team we want to hear from you today.

We've received some great feedback from colleagues on Glassdoor. Don't believe us? Check out our reviews for yourself!

What can we do for you

People first. Always. We're passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them, so that's what we offer. Our workplaces are energetic, inspirational, supportive. To get a taste of the advantages you'll enjoy, take a look at all our perks in full here.

Intrigued? Our Talent team can tell you everything you need to know about what we want and what we're offering, so feel free to get in touch.

Key Skills

• Cognos
• Forecasting
• Hyperion
• Dealership Experience
• QuickBooks
• Accounting
• Corporate Finance
• Financial Analysis
• Financial Modelling
• Budgeting
• Financial Management
• Financial Planning

Employment Type: Full‑Time

Experience: Years

Vacancy: 1