Corporate Recovery Director

Were Together a0; the market leading property finance experts with an entrepreneurial spirit.Based in Cheadle, South Manchester, weve been established since in 1974 and have built a team of over 750 colleagues, who are passionate about supporting individuals and businesses achieve their property ambitions by making finance work for them.

We pride ourselves on our common-sense approach to lending and offer a range of mortgage and secured loan products to individuals and businesses who are typically underserved by mainstream lenders. Our customers are central to everything we do and we work hard to support them to turn challenges into opportunities which make our customers' property ambitions a reality.

Were looking for great people from all backgrounds and experiences who love working together and putting our customers at the heart of everything we do and that starts with our brilliantly different team of people.

As a Corporate Recovery Director, you will be responsible for managing a portfolio of Corporate Customers who are experiencing challenges around either servicing loans, security risks and/or exit risks.

You will manage the credit relationship for Corporate Customers demonstrating stress and/or distress as well as a proportion of performing customers. 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.

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As a Corporate Recovery Director, we are looking for someone to:

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• 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
• Be a subject matter expert in recovery & business restructuring, who can confidently challenge professional advisors to achieve the best outcome for customers and Together
• 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
• Analyze 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
• Support the Head of Corporate Recovery to identify risk of impairment in a timely manner and in identifying lessons learned for feedback to the wider business
• Maintain and manage proactive & appropriate relationships with external suppliers e.g. a0;Insolvency Practitioners, Receivers, Lawyers, Valuers and any other appropriate professionals to maximize outcomes
• 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

Essential

• Significant experience in credit risk and workout roles in SME and corporate lending
• Evidence of balanced and independent judgement to derive, evaluate and recommend strategies
• Strong relationship management & negotiating skills
• Expert knowledge of the commercial & residential lending market
• Deep knowledge of credit management & recovery strategies
• Proven analytical skills with a strong working knowledge of risk control
• Strong communication & presentation skills
• Good understanding of financial accounts & cash flow forecast

Benefits working at Together

• 26 days holiday, and a day off for your birthday (increasing with service to 30 days), plus bank holidays
• Buy & sell holidays
• Discretionary annual bonus
• Matched pension contribution
• Life assurance
• Critical illness cover
• Health cash plan
• Private medical insurance
• Free access to company holiday homes
• Travel season ticket loans
• Ride to work scheme
• Free local gym access
• Local bar / restaurant discounts

Together Money embraces diversity and inclusion, and are proud to be an equal opportunity workplace. Not only do we welcome difference we celebrate it, support it and really value our colleagues for who they are. We are committed to building a team that represents a variety of backgrounds, perspectives and skills.

We care that you have a great experience with us at Together, if you need us to make any reasonable adjustments to make your experience easier, please let us know and well do all we can.

Please note that all successful applicants will undergo relevant employment reference, financial and criminal record checks.

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