Legal & Recoveries Officer

 

Recruiter:

HR Matters

Job Ref:

CT000132/NM

Date posted:

Wednesday, October 13, 2021

Location:

Durban, South Africa

Salary:

Market Related


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.



 

 

 

Similar jobs you might be interested in:

Centre Manager
Location: Durban
Salary: Market Related
Property /Centre manager /Property Administrator
1 day ago


Centre Manager
Location: Durban
Salary: Market Related
Property /Centre manager /Property Administrator
7 days ago


Legal Officer (paralegal)
Location: Durban
Salary: R25000
Our client in the financial services sector requires a legal officer (paralegal) to provide legal and administrative support to the legal function of the business, assisting with contract administration, litigation support, regulatory compliance and the management of legal documentation relating to asset finance transactions.
7 days ago


Create a free job alert for Legal & Recoveries Officer in Durban

Enter your email address below and we will email you similar jobs when they become available:

You can cancel at any time. We will not spam you.
By giving us your email address your agree to our Terms and Conditions