Department Manager: Legal Recoveries

Capitec; Sandton; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A financial institution seeks a leader in Recoveries to drive Stage 3 recoveries and impairment releases. This role requires extensive banking experience, particularly at a managerial level, with a focus on restoring non-performing loan portfolios. The ideal candidate will possess strong project management and analytical skills, alongside a Bachelor’s Degree in Law or Commerce.

Qualifications

• 8 – 10 years in a banking/legal environment with 4 years at a managerial level.
• Managerial experience in Capitec Bank or similar financial institution.

Responsibilities

• Maximise Stage 3 recoveries and impairment releases.
• Provide strategic direction to Legal Recoveries' personnel and operations.

Skills

Project Management Skills

Problem solving skills

Leadership Skills

Decision making skills

Analytical Skills

Education

Bachelor's Degree in Law or Commerce

Relevant post-graduate qualification in Commerce or Business Administration

Job description

Purpose Statement

This job reports into the Head: Credit Book Control and Recoveries, and assumes responsibility for maximising Stage 3 recoveries and impairment releases and minimising Stage 3 recovery costs and impairment raises for Capitec Business (CB) and Capitec Rental Finance (CRF). This will be achieved through:

• Assuming accountability for providing strategic direction to Legal Recoveries’ personnel, operations, data application, recovery tactics, litigation, insolvencies, outsourcing and campaigns; and
• Ensuring the optimal realisation of collateral securing the non-performing loan portfolios of CB and CRF.

Experience

Minimum:

• 8 – 10 years in a banking / legal environment comprising of at least
• 4 years at a managerial level and
• 4 years in a Recoveries space
• Managerial experience in Capitec Bank Limited or another financial institution in the same

Qualifications (Minimum)

• Bachelor\'s Degree in Law or Commerce

Qualifications (Ideal Or Preferred)

• A relevant post-graduate qualification in Commerce or Business Administration

Knowledge

Minimum

• Up-to-date knowledge of legislation and regulations relevant to the Collections and Recoveries environments
• Up-to-date knowledge of the Credit Risk regulatory requirements
• Protection of Personal Information Act (POPIA)
• Basel II
• Banking and Financial Services Industry
• Strategic credit risk management
• Advanced knowledge of the debt collection processes
• Entire credit life-cycle
• Broad business knowledge and acumen
• Advanced knowledge of the National Credit Act, 2005; the Insolvency Act, 1936; the Companies Act, 2008; the Administration of Estates Act, 1965; and the Consumer Protection Act, 2008.

Ideal

Understanding of:

• Commercial, business, entrepreneurial and financial principles and practices
• Governance and risk management principles
• Data analytics

Skills

• Project Management Skills (Methodolgy Specific)
• Problem solving skills
• Leadership Skills
• Decision making skills
• Analytical Skills

Conditions of Employment

• Clear criminal and credit record