Job Description
Job PurposeSupport external vendors to recover outstanding monies both on and off balance sheet on current and savings accounts by following internal and legal processes and procedures; which results in reduced costs and losses for the bank.Job ResponsibilitiesMaintanance of Default and Recoveries system/ SAP by daily capturing of cashflows and maintaining of impairments.Allocation of funds in the department's suspense account.Arrange settlements with clientsMonitoring of costs versus recoveries for on and off balance sheet matters.Monitoring of portfolio in terms of age in line with targets set as per legislation guidelinesValidating of payments into clients accounts daily, General Ledger.Returns daily (pay no pay)Rehabilitation of client accounts within a set payment criteria (6 consecutive payments).Validation and payment of invoices received from vendors by consolidating the payment fileNew handovers from regional risk to legal recoveries.Request original security documents from Securities department.Request evaluations on all assets from Evaluations department.Liasing with the Insurance division to check whether the fixed properties are insured or not.
Responsibilities + Skills
Completing monthly vendor trackers.Judgement clearance certificates by providing the required information within 7 days to the relevant Credit Bureaux.
Education
Pre-checks on new handovers from the region.Requesting securities from Security department.Daily reconciliation by validating payments received from clients directly into their accounts as well as the suspense GL accounts.
Experience
