Commercial Recoveries ManagerApply locations: JohannesburgTime type: Full timePosted on: Posted YesterdayTime left to apply: End Date: November 12, 2024 (6 days left to apply)Job requisition id: R24500Job DescriptionHello Future Commercial Recoveries ManagerWelcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.As part of our team in FNB HSL, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now's the time to imagine your potential in a team where experts come together and ignite effective change.Are you someone who can:Ensure the reduction of loss to the Bank and increase of revenue through collections and recoveryControl and manage costs/expenses within approved budget to achieve cost efficiencies by monitoring legal fees payable to attorneys and liquidatorsEstablish, align, and manage targets whilst ensuring effective control of costs to increase cost efficiencyAchieve monthly team targets with specific focus on non-performing loans and recovering provisionsControl 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 collectorsComply with governance in terms of legislative and audit requirementsNegotiate with defaulting clients post-handover from 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 initiativesDrive the realization of the Bank's collateral through the assistance of external service providersManage performance outputs of various external and internal stakeholders including but not limited to a panel of attorneys, liquidators, executors, auctioneersManage Bank costs in the form of legal fees, auctioneers costs, etc.Manage a portfolio of legal accounts and drive performance outputs to meet performance targetsManage turnaround times of service providers in terms of signed SLAs – ensuring compliance thereofEnsure non-performing loans eligible for write-off are processed timeouslyManage collateral by ensuring revaluation within acceptable timelines to ensure correct impairment reportingAttend trials on defended mattersAttend consultations with attorneys and counselAttend auctionsIdentify high-risk matters to be referred to LRC for considerationManage multiple properties linked to a single facility agreementManage various categories of defaultNegotiate compromised settlementsEngage in legal discussions with various external stakeholders e.g. liquidators, business rescue practitionersUnderstand the provision impact on their respective portfolios and drive outputs that promote impairment reductions and maximum recoveryYou will be an ideal candidate if you:Law Degree with 2 to 3 years post-admission experience or5 to 8 years in a legal recoveries environmentYou will have access to:Opportunities to network and collaborateA challenging working environment that is progressive and agileOpportunities to innovate where initiative is taken and owned end to endWe can be a match if you are:Adaptable and curiousAnalytical with complex data setsThrive in a collaborative environmentApply now if you are interested in taking the next step. We look forward to engaging with you!All appointments will be made in line with FirstRand Group's Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.Closing date: 12/11/24Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
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