Truworths is a market-leading fashion apparel retailer in South Africa offering internationally inspired clothing and footwear for ladies, men, teenagers and kids across a diversified portfolio of its own exclusive brands.
To be responsible for the strategic direction of the Internal Collections Unit in line with the Company’s future business plans and objectives.
To implement strategies that ensure company delinquency and bad debt targets are achieved
To create an internal collections department committed to operational excellence, promoting best use of systems, processes and technology
To ensure the Company’s quality standards are maintained and department compliance with appropriate policies/procedures.
To ensure collection operation budgetary targets are achieved
To contribute to the Company’s continuous improvement process
Key Responsibilities:
Own & drive the operational execution of all collections strategies as determined by the Credit Risk Dept.
Responsible for maximizing collections by the effective management of the collections managers and their teams.
Collaborate with key stakeholders like the Credit Risk & Analytics division, the Operations Dialler team and others and so contribute to the development of optimum collections strategies.
Making sure that the collections departments are fully functional and adequately staffed with trained and capable employees.
To provide an effective and cost efficient Internal Collection Operation, ensuring all performance and budgetary targets are obtained
Manage collections activities according to agreed performance measures, including operating plans & expense budgets.
On an ongoing basis, assessing the effectiveness of the existing collection strategies, processes and procedures, making recommendations for changes where justified and their subsequent implementation and review.
Motivate, mentor and coach the collections leadership group to be an effective team that inspires energy and enthusiasm.
To be an expert and prominent within the industry, keeping up to date with new technology and legislation changes, taking advantage of any changes to maximise collection performance and be the envy of the industry.
To analyse portfolio and operational performance in conjunction with Risk Management and other managers within the Company to identify areas of improvement and implement plans to address any issues raised.
Manage reputational risk across the portfolio.
To carry out any other duties as specified from time to time in accordance with the company’s business objectives
Requirements:
Will have a minimum of 3- 5 years knowledge and experience as a senior manager in a highly targeted collection department, ideally within a retail credit environment.
Will have a minimum of 10 years industry knowledge and experience within the retail credit environment, with proven ability to achieve or exceed the targets set.
Will have an in-depth knowledge of collection techniques and relevant legislation
Will have knowledge of the latest technology and its use within the collection industry.
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