Description
Hello Future Commercial Recoveries Manager
Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.
As part of our team in FNB HSL, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.
Are you someone who can:
Ensure the reduction of loss to the Bank and increase of revenue through collections and recovery Control Manage costs / expenses within approved budget to achieve cost efficiencies by monitoring legal fees payable to attorneys and liquidators Establish, align and manage targets whilst ensuring effective control of costs increase cost efficiency Achieve monthly Team targets with specific focus on non-performing loans and recovering of provisions. Control the administrative activities relative to the function of Litigation, deceased and insolvent estates by ensuring liaison with third parties i.e. Attorneys, Trustees, Executors, Liquidators by the Collectors Comply with governance in terms of legislative and audit requirements Negotiating with defaulting client’s post-handover from pre-legal team with a view to obtaining payment proposals and/or settlement of debts, failing which, to maximize recovery of the Bank’s exposure through legal recourse and recovery initiatives Drive the realization of the Bank’s collateral through the assistance of external service providers Management of performance outputs of various external and internal stakeolders including but not limited to a panel of attorneys, liquidators, executors, auctioneers Management of Bank costs in the form of legal fees, auctioneers costs etc. Managing a portfolio of legal accounts and driving perfromnace outputs to meet perfromnace targets Managing turnaround times of service providers in terms of signed SLA’s – ensuring complianxe thereof Ensuring non performing Loans eligible for write off are processed timeously Management of Collateral by ensuring revaluation within acceptable timelines to ensure correct impairment reporting Attending trials on defended matters Attending consultations with attorneys and counsel Attending auctions Identifying high risk matters to be referred to LRC for consideration Managing multiple properties linked to a single facility agreement Managing various categories of default Negotiating compromised settlements Being able to hold legal discussions with various external staekholders e.g. liquidators, business rescue practitioners Understanding the provision impact on their respective portfolio’s and to drive outputs that promote impairment reductions and maximum recovery
You will be an ideal candidate if you:
Law Degree with 2 to 3 years post admission experience or 5 to 8 years in a legal recoveries’ environment
You will have access to:
Opportunities to network and collaborate A challenging working environment that is progressive and agile Opportunities to innovate where iniative is taken and owned end to end
We can be a match if you are:
Adaptable and curious Analyse complex data sets Thrive in a collaborative environment
#Post
#FNB
#LI-NP2
Apply now if you are interested in taking the next step. We look forward to engaging with you!
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
Closing date:
Job Details
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
12/11/24
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
