Credit Recoveries Manager

4 days ago

Durban, KwaZulu-Natal, South Africa FirstRand Namibia Limited Full time

Credit Recoveries Manager page is loaded

Credit Recoveries Manager

Apply locations: Durban
Time type: Full time
Posted on: Posted 2 Days Ago
Time left to apply: End Date: April 3, 2025 (13 days left to apply)
Job requisition id: R31100

Job Description

To manage non-performing loans within a specific region to maximise recoveries and minimise cost, while providing credit with accurate MIS for the Kwa-Zulu Natal region.

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 target and budget goals whilst ensuring effective control of costs for a range of functional areas to increase cost efficiency
  • Deliver a sound Debt Recovery Management culture through awareness of campaigns to influence behaviour and drive the importance of compliance.
  • Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SMEs, project managers and senior staff members by providing market insights and analysis and support business development activities on credit recovery to ensure and develop local partnerships
  • Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
  • Achieve monthly Team targets with specific focus on non-performing loans and recovering of provisions.
  • Control the administrative activities relative to the function of 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
  • Control the risk grading of customer base, by input of data into Regulatory Credit Recovery reports and models, to ensure minimisation of risk to bank for future business
  • Ensure legal action for non-performance by either Executor, surviving spouse or solvent half share owner of properties were done by Collectors
  • Counsel surviving spouses to expedite closure of home loan accounts by analysing surviving spouse or executor financial worthiness to manage risk for the bank.
  • Control the legal action for non-performance by ensuring either Executor, surviving spouse or solvent half share owner of properties have reacted on the collection process
  • Maximise productivity through optimal utilisation of available resources for the Credit Recovery Department and that accurate provisioning in terms of the Recoveries Detail Design and Asset assessments were made.
  • Support with the assessment of trends in recovery, security realization and liquidation dividends as a % of the business analyst' portfolio and recommend corrective action to management.
  • Manage Information for Credit Recoveries
  • Control that the daily reports are reviewed ensuring the business recovery debts are correctly addressed within the Bank's policies, norms and standards

You'll be an ideal candidate if you meet the following requirements:

  • BCom Law Commercial or BProc (Legal degree - practicing)
  • Experience in preferably from banking industry
  • 3 - 5 years' experience in a similar environment (knowledge and understanding of the law and court system work)

Are you someone who can:

  • Interact with credit/ ORM/ reputational risk involved
  • Communicate and understand the legalities of the role
  • Apply legal expertise to multiple legal processes across a wide range of industries, drafts legal documentation, makes legal decisions to manage risks

Are you interested to take the step? We look forward to engaging with you further. Apply now

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.

03/04/25

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.

About Us

Serving retail and commercial customers, FNB is so much more than a bank, offering life and short-term insurance, innovative savings and investment products, and a digital universe of solutions that help customers navigate challenges and opportunities of everyday life. It has a market-leading app and a globally recognised rewards system in eBucks. FNB has won multiple awards, including the Strongest Banking Brand in the World in the Brand Finance Banking 500 2023 report. FNB represents multiple opportunities for you to build an exciting and rewarding career. Especially if you want to change people's lives, in an authentic, profound and sustainable way.

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