Department Manager: Legal Recoveries

Purpose Statement

This job reports into the Head: Credit Book Control and Recoveries, and assumes responsibility for maximising Stage 3 recoveries and impairment releases and minimising Stage 3 recovery costs and impairment raises for Capitec Business (“CB”) and Capitec Rental Finance (“CRF”). This will be achieved through:

Assuming accountability for providing strategic direction to Legal Recoveries’ personnel, operations, data application, recovery tactics, litigation, insolvencies, outsourcing and campaigns; and

Ensuring the optimal realisation of collateral securing the non-performing loan portfolios of CB ad CRF.

Experience

Minimum:

8 – 10 years in a banking / legal environment comprising of at least

4 years at a managerial level and

4 years in a Recoveries space

Managerial experience in Capitec Bank Limited or another financial institution in the same

Qualifications (Minimum)

Bachelor's Degree in Law or Commerce

Qualifications (Ideal or Preferred)

A relevant post-graduate qualification in Commerce or Business Administration

Knowledge

Minimum:

Up-to-date knowledge of legislation and regulations relevant to the Collections and Recoveries environments

Up-to-date knowledge of the Credit Risk regulatory requirements

Protection of Personal Information Act (POPIA)

Basel II

Banking and Financial Services Industry

Strategic credit risk management

Advanced knowledge of the debt collection processes

Entire credit life-cycle

Broad business knowledge and acumen

Advanced knowledge of the National Credit Act, 2005; the Insolvency Act, 1936; the Companies Act, 2008; the Administration of Estates Act, 1965; and the Consumer Protection Act, 2008.

Ideal:

Understanding of:

Commercial, business, entrepreneurial and financial principles and practices

Governance and risk management principles

Data analytics

Skills

Project Management Skills (Methodolgy Specific)

Problem solving skills

Leadership Skills

Decision making skills

Analytical Skills

Conditions of Employment

Clear criminal and credit record