General Manager: Legal Recoveries and Insolvency

 

Recruiter:

PreBless Group

Job Ref:

THGREN

Date posted:

Wednesday, October 5, 2022

Location:

Pretoria, South Africa

Salary:

1 320 347


JOB SUMMARY:
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.

JOB DESCRIPTION:

ROLE OVERVIEW

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.

QUALIFICATIONS 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
  • 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)

KEY PORTFOLIO AND PERFORMANCE FOCUS AREAS

  • 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 right-off is appropriate and is in the best interest of the Company.
  • Develop, implement and enforce right-off 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

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.
  • Produces monitoring reports
  • 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
  • Coordinates and collates information required for sustainability reporting.
  • Manage land claims and Bought-In properties
  • Drive the recovery of money on properties subject to land claims.
  • 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)
  • Departmental and People 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

 

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