Head: Legal Recoveries, Business Rescue & Insolvencies Jobs in Johannesburg, South Africa at Mindworx Consulting and Academy
Main Duties and Responsibilities
Collaborate cross functionally to implement legal risk mitigants in a rapidly evolving environment shaped by service, market, legal, regulatory, process, and product changes.
To formulate and ensure the achievement of the Legal Recoveries, Business Rescue & Insolvencies Department’s (RBI) strategy in line with the corporate strategy
Overall strategic leadership, management and quality control of the Department.
In alignment to the corporate plan and the Company policies: develop, implement and maintain the legal recovery, business rescue and insolvency strategies to maximise recoveries and reduce impairments.
Manage various functions within RBI to deliver on the Department mandate.
Develop, implement and enforce write-off processes and related policies
Manage and monitor the matters that are referred to panel firms, debt collectors, business rescue as well as liquidation.
Manage the business rescue and insolvency process including submission of claims.
To co-ordinate dealings with panel firms and debt collectors and ensure that the Corporation benefits from cost-effective legal advice and services.
Identify and implement effective risk controls and conduct related annual reviews.
Ensure that risk controls are operating effectively and, if not, ensure that appropriate, corrective actions are taken.
Manage business and reputational risks associated with the RBI portfolio.
Design, implement and monitor adherence to policies as aligned with the recoveries strategy and reviewed annually.
Document processes and procedures and align to the recovery strategies and reviewed annually.
Oversee and manage the flow of relevant information to best inform stakeholders as to the status of the portfolio or individual clients within the portfolio.
Where appropriate, generate feedback to stakeholders to improve future risk decisions and ensure past mistakes are prevented.
Drive stakeholder alignment and satisfaction utilising sound stakeholder management techniques.
Manage and maintain relationships with external service providers (panel firms; debt collectors, business rescue practitioners etc.) and handle their queries timeously.
Maintains good communication and reporting lines with the Company’s operational and post investment units and respond timeously to internal and external customer queries.
Effective reporting for various committees.
Qualifications (Formal qualifications)
Experience & Knowledge (knowledge, type and length of experience and skills required to perform the job competently)
Minimum 10 years’ relevant experience post admission as an Attorney and a sound track record in the financial services industry.
Minimum 10 years’ experience in recoveries and business rescue transactions typically concluded in a financing environment.
Minimum 5 years Leadership and Management experience of a professional legal team.
Possess a proven track record at senior management level with experience of applying sound judgement in credit decisions in all parts of credit cycle.
Experience of managing a medium sized Recoveries and collections team.
Experience in engaging, managing and negotiating and influencing relevant stakeholders including but not limited to professional associations/bodies, government institutions, regulators, service providers
Experience of similar work within the Development Finance environment will be an added advantage.
Ability to prioritise conflicting demands and work within tight deadlines
Ability to grasp complex areas of the law rapidly and accurately
Must have strong interpersonal skills, maturity, and good judgment.
Capable of communicating with a diverse range of individuals.
Title: Head: Legal Recoveries, Business Rescue & Insolvencies
Company: Mindworx Consulting and Academy
Location: Johannesburg, South Africa
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