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Case Studies

Senior Credit Manager

Strengthening the Credit function of a Mid-Market lender. 

Single Hire Commercial Loan Structured Finance Asset Based Lending
Credit Manager

The Situation

This case study delves into the successful recruitment of a Senior Credit Manager for a UK Commercial Bank's Corporate Banking division. 

The client had been grappling with filling this crucial role for almost 12 months, despite engaging other recruitment firms on a contingent basis. Recognising the need for a fresh and effective approach, the client turned to Future_find to overcome these challenges and secure a qualified candidate.

Position: Credit Manager

Product: Corporate Banking

Location: Manchester

Salary: £85,000 + Package

  1. Strong background across Credit & Risk with complementing products.
  2. Must have experience of Asset Based Lending.
  3. Strong relationship skills for wider stakeholder-facing requirements. 

Challenges

With this particular role, the client had actually been unsuccessful in filling the position in their credit team for almost 12 months. Despite having the position out in the market on a contingent basis, no suitable candidates were found, and previous recruitment efforts had fallen short. 

This was an issue for our process because of the following: 

1. The client had damaged some brand strength and as a result faced difficulties in attracting new candidates to this process,. Their brand being weakened as the market had already been saturated with the shotgun approach of previous recruiters. 

2. Re-engaging candidates who had previously expressed disinterest was a significant risk due to the client's lack of visibility towards previously contacted professionals, again due to engaging multiple contingent agencies previously. 

This situation both created a prolonged recruitment process, and also risked an unfavourable perception of the client's professionalism among potential candidates in the market.

Method

Future_find approached the recruitment process with a fresh perspective to overcome the existing challenges. 

a) Instead of relying on basic headline searches across job titles and industry sectors, we implemented deep searches focused on key responsibilities and specific jargon associated with the financial products offered by the client. This targeted approach required in-depth knowledge and enabled us to identify candidates with the necessary credit skills related to the relevant finance products.

b) During our conversations with candidates, we identified a crucial factor impacting candidate attraction—the salary budget. Through consultation with the client, we recommended a slight increase of approximately 10% in the salary offered, making the position more competitive and appealing to potential candidates in the market.

c) We utilised a network of known professionals in the space for referrals. Giving us access to a much more exclusive pool of candidates.

Outcome

We were able to curate a strong shortlist of candidates who had not previously been considered by the client or other recruitment firms. As a result, two candidates from our shortlist were offered jobs, providing the client with a diverse pool of highly qualified professionals to select from.

Recruited in budget 

First time hire 

Two offers made 

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