General Manager: Legal Recoveries and Insolvency - Centurion, South Africa - Secondments Recruitment

Secondments Recruitment

Verified Company

Centurion, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Job Advert Summary:

MAIN PURPOSE OF THE JOB

To design, implement and manage an end-to-end legal recoveries capability that is recognised as a valuable and strategic function of the company.

The function should maximise cost-effective recoveries, supporting retail and business and corporate banking strategy. Maintains acceptable Non-Performing Loans (NPLs) percentage in relation to the loan book.

Minimum Requirements:

Preferred Minimum Education and Experience

LLB degree or equivalent
Admission as on attorneys is a requirement
8years experience in legal recoveries / debt collection environment, preferably in a bank at the senior management level
8 years experience in restructuring of distressed accounts

Critical Competencies

Legislation
Policies and Procedures
Business Environment
Recovery Process
Risk Management
Understanding of Insolvency and business rescue legislation and practises in South Africa
Systems (SAP, ICT)

Additional Requirements

Extended hours as and when required.
Travel as and when required.

Duties and Responsibilities:

1. Legal and Solvency Strategy development and overseeing the legal recovery process including insolvency and debt collection

In alignment to the corporate plan develops, implements and maintains the legal recovery and insolvency strategies to maximise recoveries and minimise NPLS's
Manage various functions within Legal Recoveries in order to maximise cost effective recoveries.
Determine what rightoff is appropriate and is in the best interest of the company.
Develop, implement and enforce rightoff processes and related policies.
Manage and monitor the matters that are referred to attorneys and debt collectors as well as for liquidation
Manage the insolvency process including validation of claims and liquidation of them and distribution accounts
Monitor and evaluate the performance of the attorneys.
Identify effective risk controls and put proper risk control assessment in place and reviewed annually

2. Management of stakeholder relations

Oversee and manage the flow of relevant information to best inform stakeholders as to the status of the portfolio or individual clients within the portfolio
Where appropriate generate feedback to stakeholders to improve future risk decisions and ensure past mistakes are prevented
Drives stakeholder alignment and satisfaction utilising sound stakeholder management techniques
Maintain relationships with external service providers (attorneys; debt collectors, etc.) and handle their queries timeously.
Maintain relationships with clients.
Maintain relationships with the relevant government departments (DRDLR, DAAF, etc.)
Maintains good communication and reporting lines with branches.

3. Reporting and information systems

Manco reporting detailed reports on amounts recovered and NPLS as well as cost effectiveness
Credit Risk operations (CROM) reporting identifying and highlighting from a recoveries and NPL perspective
Exco reporting high level reporting on overall recoveries and NPLs as well as high value litigation matters

4. Manage land claims and Bought-In properties

Track all claims to ensure that maximum recovery takes place
Engagement with land claims department and Department of Rural Development and Land Reform (DRDLR) to ensure speedy resolution of land claim related cases
Negotiate and finalise sale agreements for land claim properties
Manage and maintain Bought in properties (security, fire breaks, insurance etc.)
Manages effective disposal of Bought in Properties by the Bank (website with all properties)

5. Departmental and People Management

Performance Management

Analyse the business plan to determine the applicable deliverables and targets
Conduct performance planning session and Track and monitor performance in accordance with performance contracts
Conduct performance reviews in accordance with policies and procedures and take corrective actions where necessary
Provide coaching and feedback to employees on how to improve and sustain their performance

Capacity Planning

Determine the human resource requirements, in accordance with the expected deliverables and current capacity
Secure the human capital requirements to ensure that deliverables will be met in accordance with the expected targets
Set and achieve employment equity targets.
Minimise staff turnover

Financial Management