Financial Recovery Specialist
3 days ago
At Affinity International, we are seeking a skilled Financial Recovery Specialist to join our team. As a Debt Review Specialist, your primary responsibility will be to assist individuals who are facing financial difficulties by assessing their financial situations and facilitating the debt review process.
Key Responsibilities:
- Client Assessment: Conduct thorough assessments of clients' financial situations, including reviewing income, expenses, and outstanding debts.
- Debt Review Process: Initiate and manage the debt review process, which includes contacting creditors, negotiating repayment terms, and drafting debt repayment plans.
- Financial Analysis: Analyze financial documents, credit reports, and other relevant information to determine the most suitable debt management strategy for each client.
- Communication: Maintain open and effective communication with clients, creditors, and legal entities, providing updates on the debt review process and addressing client inquiries.
- Compliance: Ensure compliance with all applicable laws and regulations governing debt review processes, such as the National Credit Act in South Africa.
- Documentation: Maintain accurate and comprehensive records of client interactions, agreements, and financial assessments.
- Client Education: Educate clients about responsible financial practices and budgeting to prevent future financial difficulties.
- Negotiation: Negotiate favorable terms with creditors to reduce interest rates, extend repayment periods, or settle debts when appropriate.
Qualifications:
- Previous experience in debt counseling, financial advisory, or a similar role.
- Knowledge of South African debt review regulations and the National Credit Act.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Empathy and the ability to work compassionately with clients facing financial challenges.
- Proficiency in using financial software and Microsoft Office applications.
Additional Information: Debt Review Specialists play a critical role in helping individuals regain control of their financial situations. This position requires a strong commitment to ethics, a high level of discretion, and the ability to navigate complex financial negotiations.
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