Department Manager: Legal Recoveries at Capitec Bank

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 ad 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