Banking

Loan Recovery Analyst – International Bank

Published:
2nd June 2023
Location:
City of London, United Kingdom
Category:
Banking  
Job Type:
Salary:
£35,000 - £40,000
Role:
Operations & Middle Office

Description

The purpose of the role is to manage a portfolio of non-performing credit facilities, develop & implement best strategies to maximize the loan recovery and to work closely with legal and other professionals to enforce security or undertake legal actions for recovery.
Responsbilites
  • Manage assigned remedial cases until recovery/upgrade/write off
  • Perform security review for assigned non-performing loans documentation to identify, assess, measure and control any potential collateral risk at the back end of the account management process
  • Work with solicitors and other professionals to enforce security or undertake legal actions for recovery
  • Coordinate and provide information to the external stakeholders e.g. solicitors, valuators, receivers, administrators
  • Manage assigned Watch cases, including correspondence and follow-up with RMs and if needed with the customers, where applicable recommend upgrades / downgrades.
  • Monitor assigned Early Warning cases
  • Analyse IFRS9 reports (ie. to identify red flags for potential Stage 2 and 3 accounts and to assist the RMs to remedy the accounts).
  • Prepare periodic reviews for the non-performing loans
  • Prepare full presentation of agenda and supporting papers for submission to the monthly Remedial Credit Committee Meeting.
  • Attend meetings and take minutes accordingly
  • Prepare various reports for the quarterly group reporting
  • Generate monthly loan arrears report and send default letters to customers
  • Undertake projects and assignments in coordination with other departments as directed by the Head of Remedial
  • Liaise with internal departments for processes relating to Remedial function.
Requirements
  • At least 2 years of experience in loan default / non-performing loans / loan recoveries / loan collections process with legal background
  • Strong academic or professional qualification background
  • Cash flows/financial analysis

Ryan Kaye

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