SUMMARY:
A well-known financial services company based in Durban is looking to appoint an Admitted Attorney with Foreclosure experience for their legal team
POSITION INFO:
Key Responsibilities
Handle all arrear accounts transferred to the Foreclosure Team and where it is necessary, to institute legal action using approved attorneys on the panel
Negotiating with clients regarding their arrears
Ability to work with accounts where legal action has commenced
Interaction on a daily with attorneys via telephone, letters, and E-mail
Diarizing accounts for follow up on diary dates or sooner if the need arises
Attending to ITC and Deeds Office enquiries where necessary
Identify trigger accounts and maintain constant follow ups to reduce NPLS and avoid breach of triggers Identify High risk and High balance accounts and action within agreed turnaround times
Preparing the minimum bid figures and advising the attorneys attending the sale of what the reserve price is
Dealing with a matter, with a view to normalize the account as soon as possible and if not possible to bring the matter to finality within the shortest space of time and with the minimal cost and loss implication
Be proactive and strategic in risk and compliance management by complying with all relevant legislation in Loss Control and continue to position risk and compliance as a critical business management pillar
All action to be taken within agreed mandates, policies, and procedures
Ensure all communications, including written and verbal, are always of a professional standard
Meticulous file management and updating the system with record to any action or follow up attended to on an account
To endeavor to make the company''s provision for bad debt the best in the financial sector
ADDITIONAL TASKS:
As set out above, these are specifically the tasks that are indicated in this job description; however, the list is not exhaustive and unlimited. We do reserve the right to instruct the consultant to attend to any additional tasks or functions which may arise in the future, or which may be incidental and ancillary to those already mentioned
Alignment to business driver/strategy
Low-cost servicer and originator: providing a quick and efficient service in the department
Ensure improved productivity and business efficiencies
Alignment to the philosophy and delivery of amazing service
To proactively contribute to the profitability of the company, by effectively managing the arrears book and minimize losses
NB! This job is now closed. You can apply for other jobs by uploading your CV.
