Team Leader, Vendor Management & Recoveries job at Stanbic Bank | Apply Now

Lead and manage vendors to provide a comprehensive Outsourced and legal collection service by ensuring that Recoveries are maximized on accounts in post write off through employing appropriate collection tactics and in executing the agreed collection operation strategies, as well as instituting and monitoring legal procedures and ensuring that all legal requirements are complied with.

Actively engages with vendors such as Attorneys, Repossession Agencies, Debt Collections Agencies, Liquidators, Trustees, Auctioneers, Valuators, & Customers, via the Vendor Management Programme (VMP) to ensure adherence to the terms and conditions set out in the Service Level Agreements (SLA’s).

Applies the disciplines of the Vendor Engagement Model (VEM) diligently to prevent outsourced matters from becoming protracted and costly by ensuring strict adherence to the Rules of the relevant Courts and to the terms and conditions of the Service Level Agreements (SLA’s).

Confirm the production and distribution of agreed performance outputs by comparing actuals vs set targets and reports that provide the required Portfolio insights to management and other stakeholders. Contribute to the Recoveries Budget Management by overseeing accounts/provision within targets on a month-to-month basis.

Control the repossession and disposal processes by implementing and monitoring clear guidelines, systems and processes supporting the effectiveness thereof, as well as realising any attributable security.

Develop and maintain robust relationships with the Head Office Credit Capabilities Deployment team (CART) by establishing the necessary communication channels to align regularly on business requirements.

Drive internal stakeholder management through regular reporting and feedback discussions on the performance of Recoveries Portfolio insofar the net provisions raised and recoveries on account of bad debts. Drive the implementation of effective collection strategies by ensuring the correct procedures are followed regarding maintenance and turn-around times of accounts and that all accounts are prioritized.