Purpose of the job
To collect on the Legal Portfolio of the Bank, whilst maintaining extensive contact with stakeholders, attorneys, debtors, responsible relatives/parties, and a variety of public and private agencies to obtain information on debtors’ financial positions and follow instructions on processes for recovery of outstanding debts.
Key Responsibilities:
- Monitoring and prevention of over dues and losses, which the bank may suffer, by ensuring that the correct procedures are implemented and adhered to.
- Preparing correspondence and documentation for the institution of Legal Proceedings.
- Ensuring that proper controls are exercised over Security documents.
- General correspond with the legal fraternity and debtors and regular follow-ups.
- Receive repayment/settlement offers from debtors and process these accordingly.
- Ensure adherence according to the Statutory Legislation and Group requirements.
- Maintain debtors’ account records, including contacts, correspondence, payments, documents, and legal actions initiated and prepare reconciliations as and when required.
- Inform management timely of significant changes in debtors risk profiles.
- Compile/provide regular and reliable data for Management Information purposes.
- Maintain and assist with general office administration.
- Relieving colleagues in the department when required.
- Perform any other duty within skills sphere and level when requested.
Abilities Requirements:
- Exercise resourcefulness in gathering needed information from a variety of sources.
- Ability to evaluate information and propose action within prescribed guidelines.
- Ability to compile correspondence and maintain data effectively.
- Ability to disseminate, analyze and reconcile information and systems data.
- Precision and accuracy orientated.
- Sound knowledge of security documentation in particular those applicable to Asset Based Finance and Residential Home Loan transactions.
- Good telephone etiquette.
- Good understanding of Collection techniques/skills.
- Should have sound computer knowledge (Microsoft, Word & Excel etc.).
- Must be able to work under pressure and handle large volumes.
- Must be willing to work overtime.
- Good communication and interpersonal skills.
- Sound English language skills (both verbal as well as written).
- Alternative language skills will be an added advantage.
KEY REQUIREMENTS/EXPERIENCE:
- Grade 12 (25 points)
- The applicant must have at least five (5) years banking experience.
- Legal Collection experience will be an added advantage.
- Should have a basic understanding of credit principles and security documentation, and the concepts and differences between secured and unsecured debts
- Should have a general knowledge of Estates
More Information
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Job Application Details
APPLICATION DETAILS
HOW TO APPLY:
Interested candidates should forward their updated Curriculum Vitae (CV) and cover letter via e-mail [email protected]
CLOSING DATE: 27 January 2023
Human Capital
(Affirmative Action Candidates are encouraged to apply)
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