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Collections Agent

About Lendable

Lendable is on a mission to make consumer finance amazing: faster, cheaper and friendlier.

  • We're building one of the world’s leading fintech companies and are off to a strong start:

  • One of the UK’s newest unicorns with a team of just over 400 people

  • Among the fastest-growing tech companies in the UK

  • Profitable since 2017

  • Backed by top investors including Balderton Capital and Goldman Sachs

  • Loved by customers with the best reviews in the market (4.9 across 10,000s of reviews on Trustpilot)

So far, we’ve rebuilt the Big Three consumer finance products from scratch: loans, credit cards and car finance. We get money into our customers’ hands in minutes instead of days.

We’re growing fast, and there’s a lot more to do: we’re going after the two biggest Western markets (UK and US) where trillions worth of financial products are held by big banks with dated systems and painful processes.

Join us if you want to

  • Take ownership across a broad remit. You are trusted to make decisions that drive a material impact on the direction and success of Lendable from day 1

  • Work in small teams of exceptional people, who are relentlessly resourceful to solve problems and find smarter solutions than the status quo

  • Build the best technology in-house, using new data sources, machine learning and AI to make machines do the heavy lifting

About Lendable


Lendable is on a mission to make consumer finance amazing: faster, cheaper and friendlier.

 

> We're building one of the world’s leading fintech companies and are off to a strong start:

> One of the UK’s newest unicorns with a team of just over 400 people

> Among the fastest-growing tech companies in the UK

> Profitable since 2017

> Backed by top investors including Balderton Capital and Goldman Sachs

> Loved by customers with the best reviews in the market (4.9 across 10,000s of reviews on Trustpilot)


So far, we’ve rebuilt the Big Three consumer finance products from scratch: loans, credit cards and car finance. We get money into our customers’ hands in minutes instead of days.

 

We’re growing fast, and there’s a lot more to do: we’re going after the two biggest Western markets (UK and US) where trillions worth of financial products are held by big banks with dated systems and painful processes.



Join us if you want to


> Take ownership across a broad remit. You are trusted to make decisions that drive a material impact on the direction and success of Lendable from day 1

> Work in small teams of exceptional people, who are relentlessly resourceful to solve problems and find smarter solutions than the status quo

> Build the best technology in-house, using new data sources, machine learning and AI to make machines do the heavy lifting



About the role


The Financial Support team is responsible for working with customers experiencing financial difficulty and struggling to make their contractual payments. Our primary role is to interact with customers to understand their circumstances to ensure we can offer a solution which is both affordable and sustainable and meets their individual needs.


Reporting to the Team Lead, you will undertake customer queries via telephony, email and live chat. We're looking for a superstar that can consistently improve overall quality standards, and embed processes and procedures to deliver good customer outcomes.

Your objectives

  • Ensure all customer contact is conducted to the highest standard and quality monitoring results are consistently achieved to evidence good customer outcomes.

  • Ensure process and policy adherence, highlighting processes to management which may require enhancement.

  • Interact directly with customers via voice/non-voice as part of your role to ensure customer demand is met.

  • Support customers ensuring interactions are assessed against Lendables quality assurance scorecard and delivering meaningful and tailored responses.

  • Identify opportunities for product and process improvement to better serve customers, escalating where appropriate any identified risks or potential risks that are a risk to achieving good customer outcomes.

  • Support other areas within Operations to meet operational performance if required.

  • Meeting defined individual and team performance targets to ensure delivery of key business and good customer outcomes are evidenced and met.

  • Identifying and recording customer dissatisfaction against Lendables processes and responding appropriately to achieve complaint resolution, where complaint resolution is not possible following complaint escalation procedures.

  • Signpost customers to relevant free debt charities, alternatively, identifying appropriate charities based on the customers' individual needs and circumstances.

  • Identifying vulnerable customers and ensuring vulnerable processes and policies are adhered to to support customers who may be vulnerable.

Your profile

  • Minimum 6 months of Financial Support/Collections experience preferable 

  • Previous cards experience desirable 

  • Previous experience of working to target desirable

  • Previous experience of working in a customer contact/facing role essential (if no previous work experience, able to evidence competencies which demonstrate capability)

What you'll need to succeed

  • A logical and methodical approach to evaluating individual circumstances to identify appropriate solutions based on a customer's circumstances

  • Strong communication skills both written and verbal to support customers across Lendables channels

  • Strong prioritisation skills, ability to organise 

  • Resilient and calm approach when faced with difficult situations

  • Able to adapt written and verbal communication to suit an individual's needs.

Life at Lendable (check out our Glassdoor page)


> The opportunity to scale up one of the world’s most successful fintech companies.

> Best-in-class compensation, including equity.

> You can work from home every Monday and Friday if you wish - on the other days we all come together IRL to be together, build and exchange ideas.

> Enjoy a fully stocked kitchen with everything you need to whip up breakfast, lunch, snacks, and drinks in the office every Tuesday-Thursday.

> We care for our Lendies’ well-being both physically and mentally, so we offer coverage when it comes to private health insurance

> ​We're an equal opportunity employer and are looking to make Lendable the most inclusive and open workspace in London


Check out our blog!

Life at Lendable (check out our Glassdoor page)

  • The opportunity to scale up one of the world’s most successful fintech companies.

  • Best-in-class compensation, including equity.

  • You can work from home every Monday and Friday if you wish - on the other days we all come together IRL to be together, build and exchange ideas.

  • Our in-house chef prepares fresh, healthy lunches in the office every Tuesday-Thursday

  • We care for our Lendies’ well-being both physically and mentally, so we offer coverage when it comes to private health insurance

  • ​We're an equal opportunity employer and are looking to make Lendable the most inclusive and open workspace in London

Check out our blog!

Average salary estimate

$37500 / YEARLY (est.)
min
max
$30000K
$45000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Collections Agent, Lendable

Are you ready to join an exciting team dedicated to transforming consumer finance? At Lendable, we are on a mission to make financial services faster, cheaper, and friendlier. We are currently seeking a Collections Agent in Chatham who can help us achieve this vision. As part of our Financial Support team, you'll interact with customers experiencing financial difficulties, providing compassionate, tailored solutions that meet their individual needs. You'll handle queries via telephony, email, and live chat, ensuring that every interaction is of the highest quality. Your keen understanding of customer circumstances will enable you to identify sustainable solutions while being a strong voice for process improvement within the company. At Lendable, we believe in ownership, innovation, and collaboration, so you will be empowered to make decisions that directly impact our success. If you are organized, resilient, and possess excellent communication skills, we want you to be part of our team as we continue to grow rapidly in the fintech space. Enjoy a supportive work environment where you can work from home on Mondays and Fridays while relishing healthy meals prepared by our in-house chef during the week. Join us at Lendable and help make consumer finance amazing for everyone!

Frequently Asked Questions (FAQs) for Collections Agent Role at Lendable
What are the responsibilities of a Collections Agent at Lendable?

As a Collections Agent at Lendable, your responsibilities will include handling customer queries related to financial difficulties through various communication channels like phone, email, and live chat. You'll support customers in finding affordable solutions while maintaining high-quality service standards. Additionally, you'll track customer interactions using our quality assurance scorecard and identify opportunities for product and process improvements to better serve our clients.

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What qualifications do I need to be a Collections Agent at Lendable?

To become a Collections Agent at Lendable, you should ideally have a minimum of 6 months of experience in financial support or collections. Experience with cards is desirable, along with previous exposure to target-driven environments. Strong written and verbal communication skills are essential, combined with a logical approach to problem-solving and exceptional organizational abilities.

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How does Lendable support its Collections Agents in their roles?

At Lendable, we ensure our Collections Agents are well-supported through comprehensive training and development opportunities. You will be part of a small, high-performing team where every member is encouraged to collaborate and share insights. We also offer a flexible work environment, enabling you to work from home on certain days and focus on your well-being with private health insurance coverage.

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What does a typical day look like for a Collections Agent at Lendable?

A typical day for a Collections Agent at Lendable involves interacting with customers to assess their financial circumstances and providing appropriate solutions. You will handle a variety of customer queries, respond to emails, and ensure all communications meet our high-quality standards. You’ll work closely with your team to meet performance targets and contribute to improvements in our processes.

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What kind of career growth opportunities are available for Collections Agents at Lendable?

Lendable offers various career growth opportunities for Collections Agents, as the company is rapidly expanding. You could advance into roles such as Team Lead or move into specialized areas within the Financial Support team. We emphasize the development of our employees, so continuous learning and professional development are prioritized.

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Common Interview Questions for Collections Agent
Can you describe a time when you dealt with a difficult customer?

In response, discuss a specific instance where you remained calm and empathetic toward the customer's situation. Highlight how you actively listened to their concerns, explored viable solutions, and ultimately transformed the situation into a positive outcome, emphasizing your strong communication skills.

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How do you prioritize your workload as a Collections Agent?

Share your method for evaluating tasks based on urgency and significance. Mention tools or techniques you use, such as to-do lists or digital apps, and explain how you remain focused on meeting key performance targets while being adaptable to changing priorities.

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What strategies do you use to handle customer objections?

Explain how you actively listen to the customer's objections, validate their concerns, and provide clear, tailored responses. You can discuss the importance of empathy and how finding common ground can lead to satisfactory resolutions.

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How do you ensure compliance with company policies during customer interactions?

Discuss your approach to following established procedures and policies while engaging with customers. You can also emphasize the importance of understanding the policies thoroughly and consistently applying them when addressing customer inquiries.

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What motivates you to work in a customer-facing role?

Reflect on your passion for helping others and how customer interactions provide a fulfilling challenge. You might mention the satisfaction of contributing to customer success and how each positive interaction drives you to excel in your role.

Join Rise to see the full answer
Describe how you would handle a situation where a customer is upset.

Share an example of how you would calmly listen to the customer's issues, empathize with their frustration, and assure them that you are there to help. Highlight the steps you would take to resolve their issue quickly and effectively.

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What do you think are the most important skills for a successful Collections Agent?

Identify key skills such as empathy, strong communication, problem-solving abilities, and resilience. Explain how these skills contribute to handling customer inquiries and enhancing their experience with the company.

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How do you stay updated on industry trends and changes?

You can mention subscribing to industry publications, attending relevant workshops or webinars, or participating in professional networks as ways to stay informed about sector-specific developments, which can improve your effectiveness as a Collections Agent.

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What role does teamwork play in your effectiveness as a Collections Agent?

Discuss the importance of collaboration in addressing complex customer situations, sharing insights with teammates, and supporting each other in hitting performance targets. Emphasize how open communication within the team enhances service delivery.

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Why do you want to work for Lendable as a Collections Agent?

Reflect on Lendable's mission of transforming consumer finance and how it aligns with your values. You can mention your admiration for their commitment to quality customer service and how you want to contribute to their growth and success.

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Founded in 2014, Lendable offers loans to consumers by matching them with investors. It aims to make loan applications easier and quicker by using technology to automate credit decisions and give borrowers instant, personalized interest rates. Len...

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DATE POSTED
January 27, 2025

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