Job Description

Commercial Recoveries Manager - JhbFull job 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. Nows 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 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 increase cost efficiencyAchieve monthly Team targets with specific focus on non-performing loans and recovering of provisions.Control 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 requirementsNegotiating with defaulting clients post-handover from pre-legal team with a view to obtaining payment proposals and/or settlement of debts, failing which, to maximize recovery of the Banks exposure through legal recourse and recovery initiativesDrive the realization of the Banks collateral through the assistance of external service providersManagement of performance outputs of various external and internal stakeolders including but not limited to a panel of attorneys, liquidators, executors, auctioneersManagement of Bank costs in the form of legal fees, auctioneers costs etc.Managing a portfolio of legal accounts and driving perfromnace outputs to meet perfromnace targetsManaging turnaround times of service providers in terms of signed SLAs - ensuring complianxe thereofEnsuring non performing Loans eligible for write off are processed timeouslyManagement of Collateral by ensuring revaluation within acceptable timelines to ensure correct impairment reportingAttending trials on defended mattersAttending consultations with attorneys and counselAttending auctionsIdentifying high risk matters to be referred to LRC for considerationManaging multiple properties linked to a single facility agreementManaging various categories of defaultNegotiating compromised settlementsBeing able to hold legal discussions with various external staekholders e.g. liquidators, business rescue practitionersUnderstanding the provision impact on their respective portfolios and to 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 iniative is taken and owned end to endWe can be a match if you are:Adaptable and curiousAnalyse complex data setsThrive in a collaborative environment#Post#FNB#LI-NP2Apply 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 Groups 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:Job DetailsApplication Closing Date17/09/24All appointments will be made in line with FirstRand Groups 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.

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