Head - Legal Recoveries & Insolvency - Gauteng, Centurion

HEAD - LEGAL RECOVERIES & INSOLVENCY - Gauteng, CenturionCLOSING DATE: 18 SEPTEMBER 2024SALARY: R 1 695 621 CTC PER ANNUMPURPOSETo design, implement and manage an end-to-end legal recoveries capability that is recognised as a valuable and strategic function of the Company. The function should maximise cost-effective recoveries thereby supporting retail and business and corporate banking strategy. Maintains acceptable Non-Performing Loans (NPLs) percentage in relation to the loan book.To manage legal risks of the Bank.To manage the legal recoveries process as well as external service providers' performance.To draft and vet various types of agreements pertaining to the legal recovery process.QUALIFICATIONSAdmission as an attorney / advocate (if Advocate, having served pupillage)EXPERIENCE8 years corporate & commercial law experience at a senior level in the banking and finance industry8 years legal practice experienceJOB DUTIES / RESPONSIBILITIESLegal and Solvency Strategy development and overseeing the legal recovery process including insolvency and debt collection.In alignment to the corporate plan develops, implements and maintains the legal recovery and insolvency strategies to maximise recoveries and minimise NPLs.Manage various functions within Legal Recoveries in order to maximise cost-effective recoveries.Determine what write-off is appropriate and is in the best interest of the Company.Develop, implement and enforce write-off processes and related policies.Manage and monitor the matters that are referred to attorneys and debt collectors as well as for liquidation.Manage the insolvency process including validation of claims and liquidation of them and distribution accounts.Monitor and evaluate the performance of the appointed panel of attorneys.Manage the relationship and performance with the Debt Review panel of outsourced service providers, track vendor compliance against the SLA and contractual and legislative requirements.Desired Skills:LLB DegreeAdmitted Attorney or AdvocateCorporate & commercial law experience at a senior level in the banking and finance industryLegal and Solvency Strategy developmentHOD experienceManage the legal recovery process including insolvency and debt collectionLegal ManagementInsolvency mattersDesired Work Experience:More than 10 yearsDesired Qualification Level:HonoursAbout The Employer:CLOSING DATE: 18 SEPTEMBER 2024TO APPLY: Send a WhatsApp message to the cell number in the REF above for email address shashi@mployglobal
#J-18808-Ljbffr