Senior Group Officer Remedial & Recoveries West Africa
Manage the placement of credit files to legal counsel by coordinating and driving efforts from the affiliates, assigned bank lawyers, external agents and third party recovery agencies.
Manage and monitor external recovery actions by providing an effective liaison with the Legal department, as well as providing back-up to the Remedial and recoveries Group Manager and expert advices to Remedial and Recoveries Country Heads.
Contribute in reducing the number of judicial cases and help with the realization of guarantees.
1. Liaise with the Legal department and advise on NPL accounts, make valuable suggestions and recommendations, and negotiate final settlement in the objective to significantly reduce NPL amounts.
2. Plan for a quarterly review of the Legal portfolio, as well as regular visits and meetings at the affiliates.
3. Work with external placement agencies to ensure all legal cases referred to them are processed efficiently.
4. Ensure that all documentations are filed as required by Law.
5. Update the valuation of the loan collateral security documents.
6. Review responses to claimants and understand the legal implications of the clauses.
7. Involved in contract negotiations and monitor the payments to lawyers, surveyors/valuers, auctioneers, debt collectors and repossession companies.
8. Verify invoices from external lawyers, agents, valuers and auctioneers for payment of fees.
9. Attend court proceedings and report back to the Remedial and Recoveries Country Head.
10. Review status reports from external agencies for current legal cases and recommend alternative viable actions.
11. Prepare restructured agreements for execution between the bank and judgment debtors.
12. Offer expert advice to Remecial and Recoveries Country Heads on legal issues relating to recoveries.
13. Monitor NPLs and PDOs with litigation issues and report the information to the Remedial and Recoveries Country Heads and Remedial and Recoveries Group Manager.
Leave a Reply
You must be logged in to post a comment.