Recoveries Account Executive, Funding Circle

£32.5k

Junior and Mid level
London

3 days a week in office

Funding Circle

Business finance that backs you and your business to succeed

Job no longer available

Funding Circle

Business finance that backs you and your business to succeed

501-1000 employees

FintechB2BMarketplaceLendingFinancial Services

Job no longer available

£32.5k

Junior and Mid level
London

3 days a week in office

501-1000 employees

FintechB2BMarketplaceLendingFinancial Services

Company mission

We back small businesses with the finance they need to succeed. At Funding Circle, we understand running a business is hard work so we provide a fast, hassle-free experience for businesses looking for finance - with SME experts based in the UK.

Role

Who you are

  • Proven experience in Collections, Recoveries, or Credit Control, demonstrating relevant skills and knowledge
  • Results-oriented and competitive: Experience in consistently achieving targets, SLAs, and KPIs while striving for continuous improvement
  • Organised with great attention to detail and the ability to use multiple systems concurrently in the workplace
  • The ability to empathise with borrowers and the commitment to assist them in solving issues through your first-class customer service skills
  • Highly self-motivated and resourceful, with a proven track record of working independently and finding effective solutions to complex problems

What the job involves

  • We are looking for a Recoveries Account Executive in our Recoveries team
  • The Collections & Recoveries team actively cultivates a supportive collections & recoveries culture for SMEs through their specialised debt collection procedures
  • Manage a portfolio of defaulted loan accounts, negotiating repayment arrangements to recover outstanding debt and achieve positive outcomes for Funding Circle’s investors
  • Build trust and rapport with borrowers and guarantors to understand their financial situations and work with them to find sustainable repayment solutions
  • Demonstrate strong investigatory and analytical skills to achieve maximum but cost-effective recoveries
  • Support with focused campaigns and initiatives to drive performance and investor returns
  • Liaise with instructed third parties and professional advisors, including solicitors, debt managers and insolvency practitioners
  • Work closely with our in-house Collections, Litigation & Business Support Teams in appropriately servicing the interests of Funding Circle’s customers
  • Proactively problem solving, identifying and confidently mitigating any risks, issues or control weaknesses that arise in your day-to-day

Salary benchmarks

Share this job

View 34 more jobs at Funding Circle

Insights

Top investors

40% female employees

9% employee growth in 12 months

Company

Company benefits

  • Annual learning budget
  • Private Health insurance covering pre-existing conditions
  • 5% Matched Pension
  • 25 days holiday (excl. bank holidays)
  • Access to Wellhub (formally Gym Pass)
  • Dental Insurance
  • Just Eat for Business 2 days when in the office

Funding (last 2 of 7 rounds)

Jan 2017

$102m

SERIES F

Apr 2015

$150m

SERIES E

Total funding: $374.5m

Our take

Funding Circle launched in 2010 and it was the perfect time in the market. After the financial crisis in 2008, financial institutions were hesitant to lend money. Loans to SMEs were at record lows.

This meant that Funding Circle's innovative platform - connecting investors and businesses directly - had immediate product-market fit and growth. Funding Circle remains incredibly focused on small businesses, and this set it apart from other lending platforms. The business has since expanded to the USA.

The company completed its IPO in September 2018 in a challenging economic environment in Europe and the USA. In 2020, however, trading in the group’s core UK market was helped by its participation in the government’s Coronavirus Business Interruption Loan Scheme – the company says it has been responsible for a quarter of CBILS loans by volume since it was accredited to join the scheme in April 2020. Funding Circle continues to be a leading SME financing platform, exemplified by its partnership with Bayview Asset Management, with whom it has surpassed £1 billion in funding for its Term Lending product.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle