Manager: Debt Collection

SUMMARY:
To proactively monitor loan repayments and manage the collections of accounts due in line with the Debt Management Policy, procedures, and Loan agreement on behalf of company.

POSITION INFO:

JOB DESCRIPTION

• Management of the Debt Collection Business Unit
• Ensures pre-legal activities and evidence is properly compiled.
• Reviews cashbook batches and runs debit orders from Debt Collectors.
• Vets and reports on the deals via Management Credit Committee, Debt Management Committee Management Committee, Credit Management, EXCO
• Conducts Client visits to encourage payments and establish good relations.
• Arranges and recommends payment plans.
• Analyses delinquent accounts and prepares report on high risk accounts including recommendations for resolution.
• Reviews reconciled transactions, recommends journal entries to maintain accurate account balances.
• Prepares provisions for bad debts and write offs.
• Systematically allocates new clients and captures information on the system in order to generate contracts.
• Manages receipts, new loans, and re-advances on a monthly basis for respective contracts.
• Manages accounting information for reporting purposes.
• Sets annual performance objectives for employees.
• Ensures all employees have signed performance agreements.
• Conducts employee’s appraisals.
• Develops action plans to address poor performance.
• Identifies training needs of employees.
• Manages relations with all stakeholders.
• Manages relationships in accordance with policies and procedures.
• Ensures regular communication with Clients.
• Captures journal on the system upon receipt from Debt Management Committee.
• Compiles monthly management reports.
• Compiles required and special reports on operating functions of department.

JOB REQUIREMENTS

• B Com Degree (NQF Level 7) in Financial Management or Credit Management or equivalent
• Advantage if have passed FAIS Regulatory EXAM (RE1 Certificate)
• Experience in Credit or Collection Management - 8 Year(s)
• Managerial Experience - 3 Years

NB! This job is now closed. You can apply for other jobs by uploading your CV.