Recoveries and Litigation Manager

1 week ago


Randburg, Gauteng, South Africa FirstRand Bank Limited Full time
Job Description
As a Commercial Recoveries Manager at FirstRand Bank Limited, you will be responsible for ensuring the reduction of loss to the bank and increasing revenue through collections and recovery. This includes controlling and managing costs within an approved budget to achieve cost efficiencies by monitoring legal fees payable to attorneys and liquidators.

Key Responsibilities
  • Establish, align, and manage targets while ensuring effective control of costs to increase cost efficiency
  • Achieve monthly team targets with specific focus on non-performing loans and recovering 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
  • Negotiate with defaulting clients post-handover from the pre-legal team with a view to obtaining payment proposals and/or settlement of debts, failing which, maximize recovery of the bank's exposure through legal recourse and recovery initiatives


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