Debt Manager at Finora Bank in Vilni

Debt Manager

Location: Vilnius

Finora Bank is a specialized bank dedicated to accelerating growth for micro, small, and medium-sized enterprises, and entrepreneurs. Licensed by the European Central Bank (ECB), Finora Bank offers innovative financial solutions, including loans, leasing, factoring, and guarantees, to help businesses achieve their full potential.
Based in Vilnius and Tallinn, Finora Bank brings together professionals with extensive international banking experience.

Join the journey of building a fast-growing bank!

DEBT MANAGER

Position purpose

Finora Bank is seeking a Debt Manager to manage a portfolio of distressed exposures and support the implementation of the Bank’s debt recovery strategy.

The role covers the full debt recovery process, from pre-legal collection and restructuring to enforcement and insolvency proceedings, combining financial analysis, legal expertise and coordination with internal and external stakeholders.

What will you be doing?

• Managing a portfolio of distressed exposures and supporting the implementation of the Bank’s debt recovery strategy.
  
• Analysing individual cases and preparing recommendations on the most appropriate recovery, restructuring, settlement or enforcement approach.
  
• Preparing proposals for the Credit Committee and other decision-making bodies, presenting cases and implementing approved decisions.
  
• Developing restructuring and enforcement plans that align with borrowers’ repayment capacity and the Bank’s risk tolerance.
  
• Monitoring the implementation and progress of agreed recovery, restructuring and enforcement actions.
  
• Communicating with borrowers, guarantors, lawyers, bailiffs, insolvency administrators and other external parties involved in the recovery process.
  
• Managing the debt recovery process from pre-legal collection through enforcement proceedings, including overseeing the work and progress of external legal service providers and bailiffs.
  
• Representing the Bank in bankruptcy and restructuring proceedings and before courts, and preparing claims, counterclaims and other legal documents related to debt recovery.
  
• Coordinating restructuring and enforcement processes with external service providers and internal stakeholders.
  
• Preparing and reviewing claims, settlement proposals, payment arrangements and other documentation related to debt recovery.
  
• Performing financial analysis of borrowers, including reviewing financial statements, cash flows, repayment capacity and collateral.
  
• Calculating and analysing debt balances, repayment schedules, interest and other amounts due using Excel and internal Bank systems.
  
• Identifying opportunities to improve debt recovery processes and contributing to the development of internal procedures and practices.

What will help you succeed?

• A university degree in Law, Finance, Business Administration or a related field.
  
• Previous experience in debt collection, loan recovery, restructuring, enforcement, insolvency or a similar role within a financial institution would be a strong advantage.
  
• A good understanding of the Lithuanian legal framework governing debt recovery, from pre-legal collection through enforcement and insolvency proceedings.
  
• An understanding of banking products, loan agreements and the basic principles of banking operations.
  
• The ability to analyse financial information and assess borrowers’ repayment capacity.
  
• Good Excel skills and the ability to work with numbers, analyse data and independently calculate debt balances and repayment schedules.
  
• A strong command of written and spoken English and Lithuanian.
  
• A proactive and solution-oriented approach.

What do we offer?

• Join an Experienced, Professional Team: Be part of a cross-border team shaping the next stage of a specialized bank.
  
• Opportunity to Make an Impact: Take responsibility for debt recovery cases and contribute to effective recovery outcomes and the management of the Bank’s credit risk.
  
• Competitive Salary: EUR 2,809–4,132 gross per month, depending on your experience and competencies.
  
• Health Benefits: Access additional health insurance after the probation period.
  
• Employee Tenure Appreciation: Enjoy additional days off based on your length of service with the organization.
  
• Pet-Friendly Office: Bring your furry friends to our pet-friendly office.
  
• Office Perks: Enjoy complimentary snacks in the kitchen.
  
• Company Events: Participate in regular company events that build team spirit and connection.
  
• Branded Gifts: Receive Finora-branded gifts as a token of appreciation for your contribution.
  
• Referral Bonuses: Earn attractive referral bonuses for recommending strong talent to join our team.
  
• Hybrid Working Model: Benefit from office-based collaboration and the possibility to work remotely, in line with team needs and internal working arrangements.

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