Senior Manager: Legal Collections

Description

• Overall accountable for effective and efficient management and administration of legal collection activities of the Branch in managing the arrears accounts of pre-legal, through managing performing loans of the Bank and non-performing loans in compliance with the Bank’s credit policy and procedures

Duties

• Strategic Objectives:
• Ensure the achievement of strategic objectives
• Ensure the completion of weighted execution of strategic action within the measurement period
• Financial Management:
• Assist the Head: Legal Collections with the planning and execution of the Branch’s budget and other financial targets
• Responsible to manage IFRIS 9 provisions and ensure to achieve and manage the provisions under IFRIS 9, as applicable to the branch
• Manage costs/expenses within approved budget to achieve cost efficiencies in the recovery campaigns
• Operational Management:
• Decision making regarding collection and other actions, such as Compliance with legislation, Institution of legal actions, Provision for bad debt, Settlement proposals, Realization of securities
• Coordination of legal collection actions/legal processes to ensure that time lapse between follow-up’s or actions on accounts towards finalization/settlement are within acceptable timeframes
• Ensure to limit valid audit enquiries regarding conformance to legislation/Bank prescriptions
• Coordination of Legal Collection Actions/Legal processes:
• Ensure drafting and implementation of appropriate interventions
• Develop and agree on new campaigns or system enhancements for debt recovery and collections
• Improve business decisions by providing accurate and reliable business intelligence (information) together with analyzing trends and data for the debt recovery and collection environment by presenting findings to Credit Support
• Reports:
• Responsible for effective and efficient compilation and checking of the Branch’s reports and ensure timeous submission to relevant stakeholders
• Responsible for submitting monthly management reports/statistics as well as information on request
• Relationship Management:
• Assist the Head: Legal Collection in building and enhancing long term working relationships with both internal and external stakeholders and clients
• Ensure that both internal and external clients are treated in a professional manner at all times
• People Management:
• Provide management and leadership capability in the department
• Ensure effective workforce planning and people capacity requirements in the area of responsibility
• Responsible for performance and talent management in the area of responsibility
• Routine Administration:
• Ensure effective management and control of all routine administrative activities related to legal collection in the branch in compliance with the Bank’s policies, procedures, rules and regulations
• Compliance, Risk and Support:
• Oversee the effective and efficient management and administration of legal collection internal processes and procedures in order to ensure compliance with the Bank’s risk framework to minimise risk
• Collaborate with other relevant internal stakeholders such as risk department, internal auditing in managing all risks related to legal collections

Requisites

• Experience/Knowledge & Skills:
• At least 7 years experience in a legal collection environment
• Knowledge of debt collection in a banking environment will be an added advantage
• 5 years’ experience in Credit and Market risk environment
• Strong Leadership and Management skills
• Excellent negotiation skills
• Sound strategic thinking and problem-solving skills
• Drive and result orientated
• Excellent relationship management skills
• Advanced understanding of collections / recovery action
• Qualification:
• LLB with at least 7 years’ relevant banking experience of which 4 years should be at management level
• Accounting diploma
• Admitted Lawyer in the High Court of Namibia
• Liquidation, sequestration, Estate Late experience and qualifications

Notes

• Only shortlisted applicants will be contacted
• Preference will be given to Namibian citizens and designated persons as prescribed by the Namibian Affirmative Action Act