Specialist: Recoveries & Insolvency (24 Months Fixed Term Contract)

Recruiter:

Kamo Placements

Job Ref:

JHB000681/m

Date posted:

Monday, June 21, 2021

Location:

Centurion, South Africa

Salary:

Annually

SUMMARY:
Managing accounts and the recovery of bad debt under insolvency/liquidation/insolvent deceased estates circumstances as part of the Legal Team, thereby contributing to minimising financial loss and mitigating risk on behalf of the company

POSITION INFO:

JOB DESCRIPTION

Insolvency recovery

Assess the asset position of the debtor, to ascertain the Bank’s recovery prospects, including possible threats that might jeopardise the Bank’s claim, and identify best possible solutions to protect Bank’s interests
Prepare and submit memorandum for authorisation to prove claims
Submit claim documents to Presiding Officer

Optimal recovery on sale of security

Prepare memorandum for consent to sell security and draft consent letter
Prepare authorisation for reserve price
Attend auctions

L&D Accounts, Objections

Scrutinise Government Gazette report for publication that L&D/final L&D is laying for inspection at the Master’s Office
Scrutinise all L&D accounts to protect the Bank’s interest

Assist in legal recovery process

Assist in legal recovery process including litigation matters arising from insolvent matters
Collate all the relevant documents that are required for briefing the attorneys.
Make necessary recommendations to line manager.
Assist in making sure that appointed attorneys comply with the provisions of the SLA.

General and Team Support

Monitor finalisation of insolvency/liquidation process
Recommend for nomination of Trustee/Liquidator as and when required
Compile monthly submission/reports

JOB REQUIREMENTS

Preferred Minimum Education and Experience

Relevant 3 year legal qualification
5 years experience in the recoveries or debt collection environment in an Insolvency Practice or environment

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