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
