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”).

The successful candidate will be responsible for providing strategic direction to Legal Recoveries’ personnel, operations, data application, recovery tactics, litigation, insolvencies, outsourcing, and campaigns, as well as ensuring the optimal realisation of collateral securing the non-performing loan portfolios of CB and CRF.

Experience

The ideal candidate will have 8-10 years of experience in a banking or legal environment, with at least 4 years at a managerial level and 4 years in a Recoveries space.

Qualifications

A Bachelor’s Degree in Law or Commerce is required, with a relevant post-graduate qualification in Commerce or Business Administration being an advantage.

Knowledge and Skills

The successful candidate will have up-to-date knowledge of legislation and regulations relevant to the Collections and Recoveries environments, as well as advanced knowledge of debt collection processes and the credit life-cycle.

The ideal candidate will also possess project management, problem-solving, leadership, decision-making, and analytical skills.

Conditions of Employment

A clear criminal and credit record is required.