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Legal Advisor: Recoveries andInsolvency

Job Ref
273481
Job Type
Permanent
Employer Type
Recruitment Agency
Date Added 28 Apr 2017
Expiry Date 12 Jun 2017
* There have been 5 applications to this job.
* This job has been viewed 3777 times.
Employer:
Datacentrix

Location:
South Africa

Salary:
Negotiable

Benefits:


Role details:
Our clientProvides world class agricultural finance to the agricultural industry. They are currently lookingto employ a Legal Advisor: Recoveries and Insolvency.
- - - - - - - - - - - - - -
Main Purpose of theJob             
To providelegal advice, legal opinions and solutions to business units and branches. To support GM:Insolvencies & Recoveries in monitoring performance of Specialist Insolvency & Recoveriesand Specialist: Debt Collection & BIP by ensuring reports, record keeping and AMS are up todate. To manage legal risks of the bank. To manage the legal recoveries and insolvencies process aswell as external service providers performance. To draft and vet various types of agreementspertaining to the legal recovery process.
 
Key PerformanceAreas               

Management of legal recovery and insolvency process

Responsible to manage legal recovery process within area of allocatedresponsibility

Acts on instruction from the business to commence with legal actionand liquidation applications or claim submissions.

Assesses the recoverability ofthe debt and makes recommendations on the action to be taken

Ensure best possiblelegal solution.

Collate and analyze all relevant information in relation to theaccount including security information received from the business

Issue a Letterof Demand as and when is required

Appoint an external attorney to proceed withsummons or liquidation application or business rescue process.

Reviewsummons/pleadings and ensure that the Bank's claim is adequately dealt with in the court papers

Manage the recovery, liquidation or business rescue process as guided by the HighCourt and Magistrate Court Rules and in accordance to the Legal Accounts Tracking System

Compile reports on recoveries to management for presentation to various forums

Interact with portfolio monitoring department as and when required.

Monitoring compliance with the Bank Act and other applicable legislation

Monitor compliance with the Bank Act and other legislations that may affect the Bank andrecommend solutions

Proactive awareness of new legislation and that may impact theBank’s business and provide advice


 
 

Management of external Service Providers

Management of panel of attorneys in terms of giving them instructions and subsequentcommunication

Manage delivery of outsourced work and ensure compliance withSLA

Evaluate attorney’s performance and make the requiredrecommendations

Ensure protection of Bank interest in vetting Attorneys statementsof accounts, to ensure that their tariff is in accordance with the prescribed fee arrangement, asset out in the SLA.

Oversee and manage general administration of the system.


 

Review and Development of Policies and Procedures

Identify loopholes and makerecommendations on policies and processes for service delivery

Monitoring andcompliance to the policies and procedures and making recommendations in case of non-compliance.


 

Manage functional reporting of the Specialist Insolvency and Recoveries and Specialist: DebtCollection and BIP

Functionally manage the Specialist Insolvency and Recoveriesand Specialist: Debt Collection and BIP members in their region

Monitor and reporton recoveries, records keeping and AMS updates for their region

Aligning team withPMS counterparts in their Region and ensuring co-operative engagement with stakeholders and panel ofattorneys

Ensuring that team complies with monthly rotation of all files on AMSdiary system

Support Specialist Insolvency and Recoveries and Specialist: DebtCollection and BIP members in their region with legal advice, functional management and decisionmaking


 

Manage Stakeholder relationship

Proactive building of internalrelationships with all business units

Understanding operational business needs

Providing business solutions in area of expertise

Understandinginternal client’s areas of operation

Proactively building relationships withattorneys/advocates/bank clients, etc.

Build good working relationship with theteam


 

Drafting and vetting of legal documents and general legal advice

Drafting/vetting and interpreting commercial agreements, including but not limited to LoanAgreements, Suretyships, Cessions, Mortgage Bonds, Notarial Bonds, settlement agreements, etc.

Attend to do research to build

Knowledge, interpretation andapplication of Commercial and Corporate Law.

Knowledge, interpretation, andapplication of relevant legislation including, the Bank’s Act, National Credit Act, TrustProperty Control Act, Insolvency Act, the Consumer Protection Act, etc.

Providelegal advice and the drafting of legal opinions on various issues affecting the business of theBank.

Compile status reports on recovering matter from time to time.


 
 
Preferred Minimum Education andExperience

Qualified Admitted Attorney or Advocate with havingserved pupilage

4 year LLB Degree or equivalent

3 years Postadmission experience as an attorney experience

Experience in a banking environmentor practicing in a corporate commercial environment.

Having extensive exposure toinsolvency, business rescue, restructures and debt recovery.

Experience in afinancial services environment


 
CriticalCompetencies
FinancialPrinciples
 
Additional Requirements
SARIPA membership or relevant Insolvency Law Post Graduate Qualification would be anadvantage
If you fit this profile, please load your CV onthe Datacentrix website. To view more of Datacentrix IT jobs, go to www.datacentrix.co.za and click on‘Search Jobs'




 
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