Commercial Recoveries Manager needed at FNB South Africa

Job Description

• To manage non-performing loans within a specific region to maximise recoveries and minimise cost, while providing credit with accurate MIS
• Ensure the reduction of loss to the Bank and increase of revenue through collections and recovery
• Control Manage costs / expenses within approved budget to achieve cost efficiencies by monitoring legal fees payable to attorneys and liquidators
• Establish, align and manage  target and budget goals whilst ensuring effective control of costs for a range of functional areas to increase cost efficiency
• Deliver a sound Debt Recovery Management culture through awareness of campaigns to influence behaviour and drive the importance of compliance.
• Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members by providing market insights and analysis and support business development activities on credit recovery to ensure and develop local partnerships
• Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
• Achieve monthly Team targets with specific focus on non-performing loans and recovering of provisions.
• Control the administrative activities relative to the function of deceased and insolvent estates by ensuring  liaison with third parties i.e. Attorneys, Trustees, Executors, Liquidators by the Collectors
• Comply with governance in terms of legislative and audit requirements
• Control the risk grading of customer base, by input of data into Regulatory Credit Recovery reports and models, to ensure minimisation of risk to bank for future business
• Ensure legal action for non-performance by either Executor, surviving spouse or solvent half share owner of properties were done by Collectors
• Counsel surviving spouses to expedite closure of home loan accounts by analysing surviving spouse or executor financial worthiness to manage risk for the bank.
• Control the legal action for non-performance by ensuring either Executor, surviving spouse or solvent half share owner of properties have reacted on the collection process
• Maximise productivity through optimal utilisation of available resources for the Credit Recovery Department and that accurate provisioning in terms of the Recoveries Detail Design and Asset assessments were made.
• Support with the assessment of trends in recovery, security realization and liquidation dividends as a % of the business analyst’ portfolio and recommend corrective action to management.
• Manage Information for Credit Recoveries
• Control that the daily reports are reviewed ensuring the business recovery debts are correctly addressed within the Bank’s policies, norms and standards