Credit Recovery Specialist

4 weeks ago


Johannesburg, Gauteng, South Africa Nedbank Full time
About the Role

We are seeking a highly skilled Credit Recovery Specialist to join our team at Nedbank. As a key member of our credit recovery team, you will play a crucial role in recovering outstanding monies on and off balance sheet for current and savings accounts.

Key Responsibilities
  • Maintenance of Default and Recoveries system/SAP by daily capturing of cashflows and maintaining of impairments.
  • Allocation of funds in the department's suspense account.
  • Arranging settlements with clients.
  • Monitoring of costs versus recoveries for on and off balance sheet matters.
  • Monitoring of portfolio in terms of age in line with targets set as per legislation guidelines.
  • Validating payments into clients' accounts daily, General Ledger.
  • Returns daily (pay no pay).
  • Rehabilitation of client accounts within a set payment criteria (6 consecutive payments).
  • Validation and payment of invoices received from vendors by consolidating the payment file.
  • New handovers from regional risk to legal recoveries.


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