Collections Manager : Legal

Imasfinance; Gauteng; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A financial services cooperative in Gauteng is seeking a Collections Manager to lead debt collection strategies and processes. The successful candidate will manage legal collections, engage with external stakeholders, and ensure a high-performance culture within the team. Required qualifications include a relevant law degree and significant experience in collections management. Position based in South Africa, offering a dynamic work environment.

Qualifications

• 6-8 years operational experience in credit procedures and policies.
• 5 years managerial experience in debt collection.
• 6-8 years operational experience in debt collection and legal administration.

Responsibilities

• Develop and implement debt review processes.
• Manage attorney performance and report.
• Ensure strategic engagement with stakeholders.
• Supervise the team's activities and maintain performance.
• Create a high-performance culture.

Skills

Computer literacy

Interpersonal skills

Analyzing skills

Judgment and Decision making

Leadership skills

Advanced skills in Microsoft Excel, Word and Powerpoint

Education

Matric with Mathematics and Accounting

Diploma in Credit Management

LLB or BCom Law degree

Admitted advocate / attorney

Job description

About this position

iMasFinance, a financial services Cooperative, is looking for a Collections Manager : Legal.

This position reports to the Head : Business Support and Collections, and is responsible to develop, implement and monitor debt review, regional and legal collections strategies and processes, minimize write-off values and maximize profitability as well as establish and manage a network of service providers performing legal outsourced services.

The successful candidate will be an innovative, dynamic and energetic self-starter with seasoned experience in the Collections environment.

Responsibilities

Responsibilities include, but are not limited to, the following :

Translate corporate strategy and business priorities into tactical strategies within the Collections Division.

Develop, update, and manage the divisional strategy to full implementation with regards to legal collections.

Develop, implement and review applicable policies and procedures for the division.

Ensure strategic engagement with external stakeholders with an emphasis on key employer relationships.

Build and maintain strong relationships with internal and external stakeholders.

Identify and appoint a panel of attorneys to file court orders and judgments against members being handed over from the pre-legal department.

Allocate accounts and manage the attorneys' performance and report on it.

Update member credit profiles, including adverse information as is prescribed by the Act and SACRRA.

Review and analyze specialized collection trends and stats and devise collection strategies and plans.

Manage the specialized collection functions (debt review, deceased accounts, Credit Life Insurance (CLI) claims, sequestrations and administration orders).

Payments received from PDA (payment distribution Agent) are journalized and captured.

Review all Commercial Contracts and support with the contracts of new deals.

Perform financial management function, budgeting and reporting.

Provide input into annual debt collections budget, and manage and monitor the budget.

Establish a risk management culture on all levels of the region.

Identify and assess risks in the region in accordance with the Risk Management policy and Risk Management guidelines.

Develop risk treatment plans, to mitigate the risks identified.

Ensure implementation of equitable HR practices, including the EE plans.

Supervise activities of the team.

Create and maintain a high-performance culture.

Manage team's performance.

Be an inspirational leader.

Ensure the training and development of team members.

Keep abreast with industry trends and developments.

Visionary leadership, providing direction and strategic leadership to employees, ensuring execution of the company vision and strategic objectives and achievement of expected results.

Qualifications

Matric, with Mathematics and Accounting

Diploma in Credit Management

LLB or BCom Law degree is essential

Admitted advocate / attorney

Valid Code 08 Driver's license

Experience

6-8 years operational experience in credit procedures and policies

5 years managerial experience in debt collection

6-8 years operational experience in debt collection and legal administration

Knowledge and Skills

Computer literacy

Relevant legislation and regulatory bodies

Debt collection processes

Formulating strategies and concepts

Interpersonal skills

Influencing skills

Analyzing skills

Planning and Organizing skills

Verbal and written communication skills

Assertiveness

Conflict handling

Time management skills

Judgment and Decision making

Leadership skills

Advanced skills in Microsoft Excel, Word and Powerpoint

Closing date : 20 November