Purpose of the Job
The incumbent will act as support to the Senior Manager Special Risk. The main function is to manage high risk buyers, obtain and analyse information received on buyers from various sources, such as buyer visits, industry meetings, media and bureaus, in order to determine the insurable risk of the buyer, which supports other business units with Credit Guarantee to underwrite the buyer accordingly.
Critical objectives and responsibilities
Obtain relevant information, analyse buyer information obtained from buyer reviews, industry meetings and other relevant information to minimise risk.
- Balance Sheet Analysis
- Interpretation of Financial Statements
- Prepare reports
- Buyer risk reviews, credit committee reviews, buyer visits, industry meetings & various administrative tasks.
- Making recommendations and amendments on the buyer database
- Making recommendations at credit committee
- Convey complex credit risk information to the Board, senior management and key external stakeholders at the right time to create an understanding on how to effectively manage credit risks and decision making.
- Restructure – an informal/formal workout from time to time with other Lenders such as major Banks are involved and bridging finance is provided to manage the account back within guidelines.
Continous improvement to ensure effective service
- Ensure statutory and legislative knowledge is always current in order to resolve customer complaints, to advise the business on corrective solutions to mitigate risks and to improve the customer experience whilst complying with governance requirements.
- Ensure adherence to organisational policies, practices and procedures.
- Identify solutions to enhance cost effectiveness and increase operational efficiency
Service delivery to ensure customer satisfaction
- Maintain service, quality and desired outputs within a specific functional process through ensuring compliance to tactical policies, procedures and standards.
- Establish productive operational relationships with key stakeholders in the various channels and administrative teams.
- Develop work routines in line with operational plans / schedules in order to manage achievement of service delivery goals.
- Share knowledge on, and participate in the creation of new standards, control systems and procedures to maintain service delivery.
Cost control and governance adherence
- Proactively ensure use of time, of resources, money, materials or equipment is in line with policies and procedures.
- Comply with corporate governance policies, procedures and standards.
- Operate within agreed mandates.
Quality people practices
- Align own behaviour with the organisation culture and values.
- Share and transfer product, process and systems knowledge to colleagues.
- Ensure achievement of own performance objectives.
- Actively share information with other team members regarding successes, issues, trends and ideas.
- Actively participate in own professional development and career path.
- Actively promote a culture of learning and high performance culture amongst team members.
Key required experience, qualification and skills
- BCOM degree Finance/Legal
- Newly Qualified CA or articles would be preferred
- Minimum of 3 years’ experience in credit or distressed unit
- Report writing & presentation skills
- Analytical Thinking & Problem Solver
- Time management and prioritizing high volumes of work
- English literacy and correspondence skills
- Code 8 Drivers licence as some travel involved
Credit Guarantee is an equal opportunity employer with a culture that embraces diversity. All qualified applicants will receive consideration for employment and will not be unfairly discriminated against on any arbitrary ground including race, sex, religion, national origin, veteran status, disability, gender identity, sexual orientation, or any other protected category.
Appointments will be made in line with CGIC’s Employment Equity Plan.
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Purpose of the Job
This role is responsible for providing advanced legal support to Special Risk business. It also partakes in actions related to legal risk management. The incumbent is individually accountable for achieving results through own efforts over periods of 12 to 18 months.
Critical objectives and responsibilities
Provide professional legal services
- Handling medium to high value or complexity litigation matters.
- Manage the delivery of litigation support to business and manage legal costs by being proactive in legal matters.
- Providing legal advice, guidance and support to enable business to achieve its business objectives.
- Assesses the recoverability of the debt and makes recommendations on the action to be taken and ensure best possible legal solution.
- Collate and analyse all relevant information in relation to the account including security information received from the business
- Review summons/pleadings and ensure that the Bank's claim is adequately dealt with in the court papers
- Manage the recovery process as guided by the High Court and Magistrate Court Rules and in accordance to the Legal Accounts Tracking System
- Compile reports on recoveries to management for presentation to various forums
- Proactive awareness of new legislation and that may impact the business and provide advise Management of external Service Providers
- Proactive building of internal relationships with all business units
- Understanding operational business needs
- Providing business solutions in area of expertise
- Understanding internal client's areas of operation
- Travel as and when required
Risk Management
- Contributes to the appropriate management of legal risks within areas of responsibility.
- Facilitates mitigating action and may initiate action self by training and fixing, especially where control breaks occur or are likely to occur.
Stakeholder engagement
- Manage effective customer service and relations and drive service excellence.
- Assists in shaping and influencing other stakeholders (OSTI/FSB).
Financial and corporate governance to ensure cost efficiency
- Proactively ensure use of time, of resources, money, materials or equipment is in line with policies and procedures.
- Comply with corporate governance policies, procedures and standards.
- Operate within agreed mandates.
Best-practice people practices
- Accepts and lives the company values.
- Accountable for service delivery through own efforts.
- Collaborates effectively with others to achieve results.
- Individually accountable for managing own time, tasks and output quality for periods up to 18 months.
- Makes increased contributions by broadening individual skills.
Key required experience, qualification and skills
- Bachelor’s degree in Law.
- Admitted attorney or advocate.
- ±5 years' experience working post admission
- Litigation and Insolvency environment
Credit Guarantee is an equal opportunity employer with a culture that embraces diversity. All qualified applicants will receive consideration for employment and will not be unfairly discriminated against on any arbitrary ground including race, sex, religion, national origin, veteran status, disability, gender identity, sexual orientation, or any other protected category.
**Appointments will be made in line with CGIC’s Employment Equity Plan.
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