Specialist Legal Recoveries On/off Balance

4 days ago

Johannesburg, South Africa Absa Bank Limited Full time

Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary

Risk management through cost effective recovery of outstanding debt exposures by monitoring and engaging in the business rescue process instructing 3rd party professional service providers and engaging with internal customers in the collections, recoveries, credit sanctioning, business support and business rescue environments.

**Job Description**:
Accountability: Managing the assigned legal portfolio- Formulate the appropriate recovery strategy to recover as much as possible and mitigate any additional impairment requirements.- Instruct panel attorney to institute legal action against all liable parties and manage the legal process until the matter is resolved.- Initiate, entertain and approve any negotiations or settlement proposals within personal discretion and refer to mandate officially if outside personal mandate.- Provide ongoing instructions to the attorney, including evidence required by the court such as factual evidence, reconciliations, and documentation.- Draw and submit the claim and documentation required in liquidations/sequestrations and deceased estates.- In liquidation/sequestration, ensure that the liquidator is protecting the Banks interest regarding our assets, whether a vehicle, immovable property or any other.- Assess the risk position by analyzing the overall security position to ensure the correct level of impairment is raised.- Perform financial and non-financial analysis on the client that will support and underpin the recovery strategy to be implemented for a particular group or customer.- Produce relevant management information and statistics as required. This includes reports to the Watchlist Committee if required.- Manage bad debt exposures by taking daily legal recovery decisions, reviewing information from various systems, and taking loss decisions accordingly.- Report all risk and loss events as a result of fraud or error.- Monitor progress on defended/opposed matters in consultation with Group Legal and submit Form B.- Engage with Team Leaders and higher levels on a matter-to-matter basis regarding complex matters.

Education

Bachelor's Degrees and Advanced Diplomas: Law (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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