Recoveries Analyst at FirstRand Group

Job Description

• To manage a portfolio of accounts and deal with liquidators and attorneys, monitoring legal fees, may have supervisory responsibilities
• Ensure Debt Recovery maximised due to effective analysis
• Manage costs / expenses within approved budget to achieve cost efficiencies by monitoring legal fees payable to attorneys and liquidators
• Deliver a sound Debt Recovery Management culture through awareness of campaigns to influence behaviour and drive the importance of compliance
• Liaise with third parties i.e. Attorneys and Liquidators in a professional manner to maximise return on collections for the bank
• Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
• Conduct risk grading of customer base by input of data into Regulatory Credit Risk reports and Credit Recovery Models to ensure minimising of risk to bank for future business
• Comply with governance in terms of legislative and audit requirements
• Predictive / Pricing / Profitability model building by Credit Recovery model construction and testing through monitoring and maintenance of collections and Credit Recovery model performance
• Make accurate provisioning in terms of the Recoveries Detail Design and Asset assessments
• Assess trends in recovery, security realization and liquidation dividends as a % of the business analyst' portfolio and recommend corrective action to management
• Review daily reports ensuring the business recovery debts are correctly addressed within the Bank's policies, norms and standards
• Manage personal development to increase own skills and competencies