Specialist Legal Recoveries On/Off Balance at Absa

Job Summary

• Risk management through cost effective recovery of outstanding debt exposures by monitoring and engaging in the business rescue process instructing 3rd party professional service providers and engaging with internal customers in the collections, recoveries, credit sanctioning, business support and business rescue environments.

Job Description

Accountability: Managing the assigned legal portfolio

•  Formulate the appropriate recovery strategy to recover as much as possible and to mitigate any additional impairment requirements
•  Instruct panel attorney to institute legal action against all liable parties and management of legal process until the matter is resolved
•  Initiate, entertain and approve any negotiations or settlements proposals within personal discretion and refer to mandate official if outside personal mandate.
•  Provide ongoing instructions to attorney inclusive of evidence required by court such as factual evidence, reconcilations and documentation
•  Draw and submition of claim and documentation required in liquidations/sequestrations and deceased estates
•  In liquidation/sequestration ensure that the liquidator is protecting the Bank¡¦s interest with regards to our assets, whether it is a vehicle, immovable property orany other.
•  Assess the risk position by analysing the overall security position to ensure the correct level of impairment is raised.
•  Perform financial and non-financial analysis on the client that will support and underpin the recovery strategy to be implemented for a particular group or customer
•  Produce relevant management information and statistics as required. This includes reports to the Watchlist Committee if required.
•  Manage bad debt exposures by taking daily legal recovery decisions and reviewing information from various systems and taking loss decisions accordingly.
•  Report all risk and loss events as a result of fraud or error
•  Monitor progress on defended/opposed matters in consultation with Group Legal and submit Form B.
•  Engage with Team Leaders and higher levels on a matter to matter basis regarding complex matters.

Education

• Bachelor`s Degrees and Advanced Diplomas: Law (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised