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Head of Legal Recoveries and Insolvency
2 months ago
We are seeking a highly skilled and experienced Head of Legal Recoveries to join our team at Pinpoint One Human Resources.
Key Responsibilities:- Design, implement, and manage an end-to-end legal recoveries capability that is recognized as a valuable and strategic function of the bank.
- Maximize cost-effective recoveries and support the retail and business and corporate banking strategy.
- Maintain acceptable Non-Performing Loans (NPLs) percentage in relation to the loan book.
- Manage legal risks of the Bank and manage the legal recoveries process as well as external service providers' performance.
- Draft and vet various types of agreements pertaining to the legal recovery process.
- Admission as an attorney or admitted Advocate having served pupillage.
- 8+ years experience in legal recoveries/debt collection environment, including operating in a banking environment at a senior management level.
- 8+ years experience in restructuring of distressed accounts.
- Understanding of legislation, policies, procedures, and business environment related to recovery processes.
- Understanding of insolvency and business rescue legislation and practices in South Africa.
- Familiarity with systems (SAP, ICT).
- Knowledge of Public Finance Management Act (PFMA).
- Must be willing to work on-site 3 days a week at head office based in Centurion area.
- Banking.
- Legal and solvency strategy.
- People Management.
- Stakeholder Management.
Our client is a specialist agricultural bank established in 1912 with the sole objective of serving South African commercial and emerging farmers. Its services enable farmers to finance land, equipment, improve assets, and obtain production credit, providing services to agri-business and enabling sustainable agri-businesses across the agricultural value chain that is vital to the sustainability of South Africa and its people.