Recoveries and Legal Documentation Manager

Job Description

Recoveries and Legal Documentation ManagerOur client are an established challenger back with teams across various business finance products including Invoice Finance, Asset Finance and Property finance. The team for this role is based in Manchester where you will ideally be based, with a flexible2/3 days per week in the office.The role of Recoveries and Legal Documentation Manager

• Manage and develop a team of Recoveries Executives whose role is to maximize recoveries and minimize bad debt loss through efficient and proactive execution of bank security.
• Manage and develop a team producing and owning Invoice Finance legal documents; including new business and in life variations.
• Control and oversight of the IF/SF collect out portfolio, including management of higher value cases and development of strategy in line with Recoveries policy.
• Look for opportunities to maximise recovery of security and execute strategy on cases which precipitates the most effective recovery of debt.
• Review and escalate provision requirements to Risk Director, Invoice Finance.
• Ensure that bad debts are controlled within tolerance/budget, escalating issues where appropriate.
• Ensure visibility of emerging recoveries cases through engagement with Portfolio Risk Managers.
• Manage the legal document team to ensure that documents are produced right first time, that the library of documents remains up to date, at internal controls and risk mitigants are deployed.
• Ensure that legal documents are produced within agreed SLAs.
• Ensure that colleagues across both teams have the necessary skills through development plans and coaching.

Additional Responsibilities of The Recoveries and Legal Documentation Manager

• Review recoveries portfolio with team to ensure pro-active action is being taken across portfolio.
• Report to HOPRM and senior stakeholders on material cases.
• Provide feedback and contribute to lessons learned activity across the division.
• Undertake provision calls with finance to approve and confirm provision within mandate.
• Maintain strong external networks across the professional community and keep up to speed with legislative changes.
• Maintain and review internal panels across both teams.
• Control budget for outsourced recoveries actions and external legal document drafting.
• Ensure monthly reporting obligations across both teams are completed.
• Undertake quality reviews of output to ensure legal documents are completed correctly.
• Ensure that all necessary housekeeping and administration is performed.

Experience of the Recoveries and Legal Documentation Manager

• An Invoice Finance / ABL background with bias towards Recovery and Workout, combined with and legal drafting/document experience. Although Invoice Finance/ABL is not essential if you work within another financial product within recoveries and legal dogs.
• Knowledge of Invoice Finance agreements, associated security documentation (e.g. Guarantees, Indemnities, Charges, etc.) and their rights & remedies.
• Understanding of insolvency and legal recovery processes; and experience of devising strategy for recovery including the appointment of insolvency practitioners.
• Sound understanding of legal process surrounding insolvency and debt based litigation.
• Experience of leading teams.

Keyskills :
Legal DocumentsLegal ProcessRecoveriesInvoice FinancePortfolio Risk