Senior Legal Collections Officer-Mt1
Capricorn Group Limited - namibia
a month ago
Senior Legal Collections Officer-MT1
Listing reference: capbg_000068
Listing status: Online
Apply by: 13 December 2024
Position summary
Introduction
Responsible for effective debt collections in line with the banks lending and collections policies, including the monitoring the Banks external attorneys to ensure that they carry out the outsourced duties diligently and timeously thus minimizing the banks credit losses.
Job description
Responsible for effective debt collections in line with the banks lending and collections policies, including the monitoring the Banks external attorneys to ensure that they carry out the outsourced duties diligently and timeously thus minimizing the banks credit losses.
Minimum requirements
1. Management Focus
1.1 Responsible for the execution of decisions made regarding:
- Compliance with credit legislative requirements
- Credit litigation management.
- IFRS-9 Provision for bad debt.
- Settlement proposals and negotiations
- Sale in execution management
1.2 Debt collections for the Bank, which includes drafting of pleadings, attending case
management conferences, and court appearances on behalf of the Bank at subordinate courts.
1.3 Monitoring and supervising the Banks external attorneys to ensure that they carry out
outsourced duties diligently and timeously.
1.4 Execution of decisions regarding early identification of high risk arrears accounts and
proactively manage arrears of assigned portfolio.
1.5 Implementation of formulated repayment strategies/loan restructures for problem
cases and following through to ensure successful implementation of the same.
1.6 Implementing and driving action plans for the effective management of non-performing loans.
1.7 Supporting the Centralised Collateral Compliance Team in establishing the current
status of security and in the formulation and implementation of the best strategy for
recovery.
1.8 Collection of Loans in default and or non-performing through an agreed work out
and an appropriate recovery strategy which involve Legal Action.
1.9 Preparation and presentation of reports to management.
1.10 Ensuring minimisation of valid audit queries regarding conformity to legislation / bank policies and regulations.
1.11 Reconciling Legal Accounts to General Ledger Accounts.
1.12 Reads and ensures understanding of relevant material in order to comply with laid down rules and regulations, Bank Policies, legislative, regulatory and statutory requirements.
2. Customer Focus
3. People Management
3.1 Job Descriptions & Performance Contracts
3.2 Performance Management
3.3 Staff Development
3.4 Staff Leave Management
3.5 Staff discipline
5. EXPERTISE
Adequate knowledge of Banks products and services, as well as credit principles.
6. COMPLIANCE
Reads and ensures understanding of the relevant material in order to comply with laid down rules and regulations, Bank Policies and legislative , regulatory and statutory requirements .