Legal & Recoveries Officer

SUMMARY:

Reporting to the General Legal Counsel, the successful candidate will be responsible to manage the activities focused on recoveries from defaulting clients, including liaising with external legal advisers/liquidators and business rescue practitioners. Ancillary activities will include providing support to the legal and compliance function in transaction execution and post-transaction monitoring for the organization.

POSITION INFO:

Duties

• Monitoring external information sources (e.g. credit bureau reports) for indications of potential or actual default
• Engaging with defaulting clients and the post investment unit
• Drafting legal documentation relating to recoveries
• Formulating appropriate recovery strategies to optimize recoveries relative to time and cost.
• Engaging with executives and post investment officers on recovery activities & strategies
• Initiating, considering and finalizing settlement proposals and negotiations
• Instructing panel attorneys to institute legal action against defaulting clients and management of legal process until resolution
• Instructing third party service providers (e.g. auctioneers) and monitor progress
• Maintaining effective and professional working relationships with attorneys, insolvency practitioners, business rescue practitioners and auctioneers
• Monitoring progress on matters underway in the courts, under business rescue and liquidation
• Rigorous management of costs of external legal advisers, counsel and third party service providers
• Provide legal advice and services to the organization in corporate and commercial matters, relating to recovery
• On request attend internal and external committee meetings to present any report on an ad hoc basis, from time to time
• To have a thorough understanding of the legal and compliance functions for loan transaction and documentation execution and to assist in this regard when required.
• Undertake continuous research and provide recommendations on significant developments, emerging opportunities and challenges in the areas of responsibility.
• Regular reporting, monthly quarterly and annually.

 

Minimum Requirements

• Law Degree,
• Admitted Attorney,
• At least 3 years’ experience in a litigation/recoveries role within a financial institution with a focus on debt recovery from businesses/corporates [not individuals]
• Understanding of project and commercial agreements such as off take agreements, EPC/M contracts, operations and maintenance agreements, shareholder agreements, CTA, inter-creditor and facility agreements;
• Ability to report delinquent and problematic clients to collection head to explore next action, calling risky
• Genuine commitment to highest ethical standards and to sustainable development with particular sensitivity to social and environmental issues;
• Negotiation, analytical, interpersonal and management skills;
• Diplomatic and business orientated manner;
• Computer literacy (MS Office Suite);
• Ability to communicate at all levels, both internally and externally and
• Excellent written and verbal communication in English.

 

NB! This job is now closed. You can apply for other jobs by uploading your CV.

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