HEAD - LEGAL RECOVERIES & INSOLVENCY - Gauteng, Centurion
- CLOSING DATE: 18 SEPTEMBER 2024
SALARY: R 1 695 621 CTC PER ANNUM
PURPOSE
- 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 thereby supporting retail and business and corporate banking strategy. Maintains acceptable Non-Performing Loans (NPLs) percentage in relation to the loan book.
- To manage legal risks of the Bank.
- To manage the legal recoveries process as well as external service providers' performance.
- To draft and vet various types of agreements pertaining to the legal recovery process.
QUALIFICATIONS
- Admission as an attorney / advocate (if Advocate, having served pupillage)
EXPERIENCE
- 8 years corporate & commercial law experience at a senior level in the banking and finance industry
- 8 years legal practice experience
JOB DUTIES / RESPONSIBILITIES
- 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.
- Manage various functions within Legal Recoveries in order to maximise cost-effective recoveries.
- Determine what write-off is appropriate and is in the best interest of the Company.
- Develop, implement and enforce write-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 appointed panel of attorneys.
- Manage the relationship and performance with the Debt Review panel of outsourced service providers, track vendor compliance against the SLA and contractual and legislative requirements.
Desired Skills:
- LLB Degree
- Admitted Attorney or Advocate
- Corporate & commercial law experience at a senior level in the banking and finance industry
- Legal and Solvency Strategy development
- HOD experience
- Manage the legal recovery process including insolvency and debt collection
- Legal Management
- Insolvency matters
Desired Work Experience:
Desired Qualification Level:
About The Employer:
- CLOSING DATE: 18 SEPTEMBER 2024
- TO APPLY: Send a WhatsApp message to the cell number in the REF above for email address
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