Manager: Legal Recoveries at Capitec Bank

Purpose Statement

To contribute towards maximising Stage 3 recoveries and impairment releases, and minimising Stage 3 recovery costs and impairment raises for Capitec Business and Capitec Rental Finance through:

• Operationalising the Legal Recoveries Strategy and assuming duties for the Head: Legal Recoveries (as required) when unavailable.
• Managing the institution, progression and finalisation of applicable legal processes to ensure the optimal realisation of collateral and recoveries (in line with budget and targets) held across the scored secured and unsecured Business Bank non-performing loan portfolios, and the Rental Finance non-performing loan portfolio.
• Designing, implementing and managing performance within applicable Service Level Agreements and recoveries’ targets of all third parties utilised by the Legal Recoveries division.
• Building solid relationships with the External Debt Collectors (EDCs) and to continuously grow the EDC network to support the Business Bank and Rental Finance recovery strategies.
• Managing relevant stakeholders (clients, colleagues and external service providers), portfolios and processes so as to reduce non-performing loan ratios in line with industry norms.

Qualifications (Minimum)

• Bachelor's Degree in Law

Experience

Minimum:

• An admitted attorney
• 6 - 8 years in a banking / legal environment comprising of:
• at least 2 years at a managerial level 
• and 3 years in a Collections / Recoveries environment
• Experience in Insolvency practice

Ideal:

• 8+ years in a banking environment comprising of 
• 2+ years at a managerial level, and 3+ years in a Collections / Recoveries space

Qualifications (Ideal or Preferred)

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

Knowledge

Minimum:

• Credit and corporate legislation and processes
• Banking and financial services industry
• Debt recovery processes 
• Collateral variants / types 
• Commercial, business and financial principles and practices 
• Governance and risk management principles
• Business products, processes, policies and systems
• Data analytics
• Stakeholder performance management principles
• Quality Assurance practice
• Deep knowledge of Insolvency principles / processes / policies / etc.

Ideal:

• Management experience in Capitec Bank.
• Experience in the same or a similar industry
• EDC practice and experience 

Skills

• Analytical Skills
• Attention to Detail
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Interpersonal & Relationship management Skills
• Problem solving skills