Banking, Finance, Insurance. Stockbroking
Responsible for effective and efficient management and administration of legal collection activities of the Branch in compliance with the Banks credit policy and procedures in order to manage the non-performing loans.
Key Performance Areas (KPAs)
Assist the Portfolio Manager: Legal Collections with the planning and execution of financial targets related to legal collections.
Checking of requisitions for payment of creditors on time
2.1Collection of debts
Overall responsible for effective and efficient implementation of the debt collection policy, procedures and processes in compliance with the Banks credit policy and procedures.
2.2Realisation of securities
Effective and efficient realisation of all collateral securities ceded to the Bank in line with the Banks policy, procedures as well as applicable.
Ensure that all collateral securities are legally valid and that they are kept safely in accordance with the Banks policy and procedures.
Ensure that auctions are effectively and efficiently conducted in liaison with other internal and external stakeholders.
2.4Write-offs processing and recording
Overall responsible for monitoring of accounts with no recovery possibilities to ensure that they are written-off in compliance with the Banks policies and procedures, as well as applicable legislation.
Responsible for building and enhancing long term working relationships with both internal and external stakeholders including clients, e.g. attorneys, branches, etc.
4.Management of Collateral Documentation
Effective and efficient management and administration of agreements and collateral documentation in compliance with the Banks policies and procedures. For example, following up on insurances, insolvent and deceased estates and bond cancellations
5.Compliance, Risk and Support
Effective and efficient management and administration of legal collection internal processes and procedures in order to ensure compliance with the Banks risk framework to minimise risk.
Partner with other relevant internal stakeholders such as risk department, internal auditing in managing all risks related to legal collections.
Provide management and leadership capability to the team
Develop and re-enforce a performance culture in the team
Effective management and control of all routine administrative activities related to legal collection in the branch in compliance with the Banks policies, procedures, rules and regulations.
Leading and deciding
Interacting and presenting
Analyzing and Interpreting
Organizing and Executing
Delivering and meeting customer expectations
Planning and organizing
Adapting and Coping
Entrepreneurial and Commercial thinking
Experience/Knowledge & Skills
At least 3 years experience in a legal collection environment.
Knowledge of debt collection in a banking environment will be an added advantage.
Proficiency in computer user skills
Diploma in a commercial field with 3-5 years relevant banking experience of which 2 years should be at supervisory level
A qualification in a legal field will be an added advantage