The Legal Repossession Manager is a multifaceted role responsible for managing and minimizing credit losses by ensuring effective vendor and litigation monitoring, as well as overseeing the efficient management of the Bank’s repossession process and assets. Additionally, it involves providing support on legal matters, assisting repossession officers, and managing vendors.
Key Responsibilities:
Evaluate delinquent accounts and recommend effective legal recovery actions or strategies.
Maintain and update litigation portfolio records, including the release of legal documents.
Obtain approvals and release original title documents to successful buyers of assets or properties.
Provide clear guidance to ensure that properties and assets listed for sale are under the Bank’s absolute authority to sell, free of any encumbrances.
Conduct physical inspections and ensure complete documentation of properties and assets newly proposed for sale prior to upload.
Review reports from Debt Recovery Agents and provide necessary feedback or responses.
Oversee effective and efficient repossession and disposal processes, ensuring the availability of secured storage facilities and realizing any attributable security.
Operate within delegated authority levels, ensuring sufficient mandates to perform daily operations.
Manage recoveries related to the write-off portfolio.
Address and resolve customer queries efficiently.
Requirements
First Degree in law
Relevant professional certifications on Risk and Collections is a plus
Proven experience in field collections, recovery processes, repossessions
Strong analytical skills with the ability to assess complex risks and develop effective mitigation strategies across multiple risk types
Excellent communication and interpersonal skills with the ability to collaborate effectively with cross-functional teams and interact with stakeholders at all levels.
Gmail
Yahoomail