Job Description

They provide funding via Hire Purchase, Lease, Loan & Operating Lease contract types to businesses of all types in the asset finance marketplace. Due to expansion they have several exciting opportunities for Collections Executives within their Recoveries team. The core purpose of the Collections Executive role is to ensure the effective and timely collection of asset finance serious arrears by maintaining a proactive collections strategy in accordance with policies and procedures. Responsibilities will include; • Handle all arrears cases in line with Collections policy • Manage your portfolio of customers with larger/more complex arrears making sure that they are contacted in a timely manner to: o obtain reasons for non-payment & o seek confirmation and commitment to bring the account up to date. • Telephone arrears customers within agreed timescales and obtain comprehensive understanding of the customer situation. • Create ad-hoc direct debit payment requests; • Ensure the portfolio operates within its agreed arrears tolerances • Attend and contribute to the Monthly Arrears Review meetings with the Recoveries Manager; • Operate within the company’s Vulnerable Customer policy focussing on appropriate customer outcomes. • Assess each arrears case and make recommendations to line manager or support the Credit Controllers with cases where necessary, as to the most appropriate action to resolve the case, protecting the interests of our client at all times and ensuring that we treat the customer fairly • Ensure all arrears cases have clear up to date notes on the lease administration sys-tem so that others can fully understand the current status and proposed next actions, at any given time. • Work with the Credit Controllers to act as an escalation point for problematic cases. • Carry out regular reviews of the 0-30 cases with the Team to ensure problem cases are identified early. • Prepare month end and interim arrears reports

Required Knowledge, Skills, and Abilities