Recoveries Officer

Job Requisition details

REQ: 142473

Area: Bloemfontein

TA Specialist: Lebohang Monate

Job Family

Credit

Career Stream

Credit Recoveries

Leadership Pipeline

Manage Self: Technical

Why Join This Team?

This role offers more than just a job—it's an opportunity to build a strong foundation in both financial and legal processes while contributing to meaningful outcomes. You'll gain exposure to a wide range of commercial banking products and litigation workflows, providing valuable insight into how recoveries operate within a complex business environment. The position involves hands-on experience in areas such as liquidations, business rescues, and legal recoveries, helping you develop practical skills that are highly regarded in the industry. While future career moves depend on performance and business needs, the knowledge and experience gained in this role can position you well for opportunities in related fields.

Success here is built on qualities that matter: strong organizational and administrative skills, the ability to work independently and take initiative, adaptability and resilience in a dynamic environment, effective communication and collaboration, and a self-driven mindset with a willingness to learn and master systems. Most importantly, you'll be part of a team that values precision, attention to detail, and professionalism in every process, ensuring that your contribution makes a real impact.

Job Purpose

To provide administrative and legal support in the recoveries process for commercial accounts. The role ensures accurate documentation, legal compliance, and effective engagement with attorneys and stakeholders to recover outstanding funds, thereby reducing costs and losses for the bank.

Job Responsibilities

• Maintanance of Default and Recoveries system/ SAP by daily capturing of cashflows and maintaining of impairments.
• Allocation of funds in the department's suspense account.
• Arrange 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 of 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.
• Request original security documents from Securities department.
• Request evaluations on all assets from Evaluations department.
• Liasing with the Insurance division to check whether the fixed properties are insured or not.
• Allocation of work to external stakeholders (vendors)
• Ensuring that Litigation Guidelines are adhered to while maintaining good relationship with vendors.
• Performance management of vendors as per the SLA.
• Assist clients with payment arrangements and respond to all client requests or queries within specified turn around time.
• Engage with various departments for various processes (student loan, debt review, admin support etc)
• Processing of DI (Department Industry) entries on SAP (raising of fees and service provider fees, write offs)
• Maintaining evaluations register by capturing on a diary system.
• Processing monthly work in progress sheet
• Requesting cheques by completing a cheque requesition.
• Completing a Debit Credit Waste Capturing.
• Completing monthly Operations Committee Meeting reports.
• Maintaining D and R which includes capturing of recovery forecasts, actual recoveries and impairments.
• Pre-checks on new handovers from the region.
• Requesting securities from Security department.
• Daily reconciliation by validating payments received from clients directly into their accounts as well as the suspense GL accounts.
• Debt management.
• Reinstatement of legal accounts by uplifting of blocks and holds and requesting approval from stakeholders.
• Issuing settlement letters to clients.
• Conducting monthly operational meetings with vendors.
• Preparing loss reports (written off accounts)
• Requesting documentation from external vendors (legal documents, death certificates etc)
• Processing refunds by requesting documentation from external clients and seeking approval from management.
• Completing monthly vendor trackers.
• Judgement clearance certificates by providing the required information within 7 days to the relevant Credit Bureaux.
• Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.
• Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
• Identify and recommend opportunities to enhance processes, systems and policies and support implementation of new processes, policies and systems.

Qualifications & Experience

• Minimum: Matric / Grade 12
• Preferred: Diploma in Paralegal Studies or AIPSA Insolvency Diploma
• Experience: 3+ years' experience working in collection or banking with legal exposure

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate

Technical / Professional Knowledge

• Administrative procedures and systems
• Banking procedures
• Data analysis
• Governance, Risk and Controls
• Microsoft Office
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Business writing skills
• Cluster Specific Operational Knowledge

Behavioural Competencies

• Communication
• Continuous Learning
• Collaborating
• Stress Tolerance
• Work Standards
• Managing Work

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Please contact the Nedbank Recruiting Team