Senior Legal Collections Officer

Bank Windhoek - windhoek, namibia

11 days ago

Industry: Banking

Job category: Banking, Finance, Insurance. Stockbroking

Location: Windhoek

Contract: Permanent

Remuneration: TBD

EE position: No

Introduction

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.

Job description

Key Performance Areas (KPAs)


  1. Financial Management
  • 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
    1. Legal Collections

    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.
  • 2.3Auctions

  • 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.
  • 3. Relationship Management

  • 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.
  • 6.People Management

  • Provide management and leadership capability to the team
  • Develop and re-enforce a performance culture in the team
  • 7.Routine Administration

  • 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.



  • Core Competencies:

  • 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
  • Minimum requirements

    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
  • QUALIFICATION

  • 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
  • Apply Now