Reporting to the Asset Recovery Manager, you will be responsible for managing a portfolio of loan accounts in default. You will be charged with chasing up arrears. Your primary responsibility will be to collaborate with borrowers/guarantors or their representatives, to identify reasons why they are unable to meet their obligations and apply an appropriate strategy by achieving resolutions through tailored solutions.

• Credit and risk analysis: Analyse borrower financial statements, loan documentation, security information and other relevant records to identify deterioration, causes of default, potential insolvency and changes in credit risk. Recommend appropriate risk-rating changes, provisions and other risk-mitigation measures.
• Facility reviews: Review facilities approaching expiry and prepare recommendations regarding extensions, renewals, repayment requirements or other appropriate action.
• Default and distressed-loan management: Monitor distressed and defaulted exposures in conjunction with the Head of Credit and Head of Investment. Develop documented recommendations covering repayment, refinancing, voluntary sale, forbearance, restructuring or enforcement.
• Valuation and recovery analysis: Obtain and assess current valuations and prepare realistic recovery estimates incorporating enforcement, holding and selling costs. Support asset realisation activities and the timely appointment of valuers, solicitors, selling agents and other specialists.
• Reporting and escalation: Maintain accurate records of risk events, agreed actions, recovery milestones and outstanding matters. Prepare timely reporting for the Credit Committee, and Management, as required.