eFinancialCareers

• Company

  Healy Hunt

• Location

  UK-London

• Compensation

  £££Flexible up to £100k base

• Position Type

  Employee

• Employment type

  Full time

• Updated

  23 Dec 2008

• eFC Ref no

  481374

We have been mandated exclusively by a leading UK bank who is looking for experienced corporate restructuring / business recovery individuals to join their team in London.

The Role

To manage a portfolio of problem lending multi-financed positions and exposure of £20m+ on a bilateral & syndicated basis, ensuring that they are dealt with efficiently and effectively, thus achieving an improvement in the lending situation, and/or an appropriate return on risk. In cases where positions continue to deteriorate this person could also undertake the insolvency and debt recovery process on behalf of the Bank.

Responsibilites

• To effectively manage a varied portfolio of distressed debt situations ensuring that wherever feasible the Bank avoids loss and mitigates risk whilst fully understanding equity / mezzanine pricing techniques thereby ensuring that the Bank receives an appropriate reward for any risk being undertaken
• To evaluate, structure and negotiate restructurings
• Return the relationship to a minimum satisfactory credit rating
• Be responsible for a portfolio of problem lending cases, principally involving the more complex cases, involving multi-bank insolvent positions
• Consider and assess options for recovery to the bank, by means other than the recourse to direct security (e.g. legal actions against directors).
• Assist with the development of more junior team members coaching and providing assistance and support

 Skills & Experience

• Proven ability to identify key components of a problem and formulate workable solutions
• Knowledge of and a proven ability to apply a wide variety of negotiation tools and techniques 
• Track record of creating/generating solutions to meet business needs 
• A demonstrable understanding of insolvency and debt recovery will be of additional benefit