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Debt Collector Wanted At Nedbank

Posted in Other

Nedbank Zimbabwe

Job Type

Full Time



Description :

Nedbank commits R50bn to renewable energy projects as backs away from  thermal coal - Miningmx

Job Purpose

To collect and recover on overdue accounts through telephonic collections; written communication or through external collection agencies / attorneys; so as to achieve Nedbank's strategic objectives.

Job Responsibilities

  • Follow up on irregular exposures from Consumer Banking and CIB per allocated portfolio of non-performing clients, maintaining appropriate file notes and audit trail for all engagements.
  • Achieve set collections targets through effective engagements with defaulted borrowers’ referees, former/ current employees and other contacts within and outside the Bank including supervision of external Debt Collectors for the purposes of collections and recoveries.
  • Maintain comprehensive diary system to monitor debt repayments including written off matters, including preparation of reports.
  • Account for funds collected from loans defaulters directly or through external Debt Collectors or Insurer.
  • Assisting in monthly Credit Risk Monitoring Cram process, data collation, presentation and follow up matters arising thereof.
  • Undertake ad-hoc responsibilities to assist in the Bank’s overall credit risk management strategies.
  • Manage work allocation to external collection agencies by monitoring performance and adherence to service level agreements and internal compliance requirements.
  • Monitor cost-to-recovery ratio of external vendors by tracking their recovery processes and litigation.
  • Arrange repayment schedule by evaluating client's financial status.
  • Build relationships with internal stakeholders through formal and informal information sharing and feedback.
  • Build and manage relationship with external stakeholders through formal and informal information sharing and feedback.
  • Manage portfolio by tracking performance and reporting on recovery on monthly basis.
  • Manage quality and quantity of portfolio by checking accuracy and adherence to policies, procedures and standards.
  • Ensure stakeholder/vendor compliance to guidelines by monitoring milestones against timelines.
  • Mitigate risk by complying to legislative requirements, policies and procedures.
  • Identify inefficiencies and shortcomings in processes by identifying areas of improvement based on systems, client and vendor feedback, legislation and industry trends.
  • Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.
  • Understand and embrace the Nedbank Vision and Values by demonstrating the values through interaction with team and stakeholders.
  • Ensure that own contribution and participation contributes to the achievement of team goals.
  • Create and manage own career through guidance and support of management, department and colleagues.
  • Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
  • Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames.
  • Ensure knowledge management, continuity and team success through constructive participation in a diverse team and sharing knowledge with team.
  • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys).
  • Participate and support corporate social responsibility initiatives for the achievement of business strategy.
  • Identify opportunities to improve or enhance processes by identifying and recommending improvements to tools, policies and procedures to add value to Nedbank.
  • Add value to Nedbank by identifying opportunities to improve or enhance processes through identifying and recommending improvements and supporting implementation of tools, policies and procedures.

Preferred Qualification

  • Business Related Degree.

Preferred Certifications

  • IOBZ Certificate is an added advantage.
  • Risk Management or Paralegal qualification is an added advantage.

Minimum Experience Level

  • Clean Driver’s license (Class 4)
  • At least 2 years in Credit, Consumer Banking, CIB or Risk Management.

Technical / Professional Knowledge

  • Administrative procedures and systems
  • Data analysis
  • Microsoft Office
  • Relevant regulatory knowledge
  • Business writing skills

Behavioural Competencies

  • Building Customer Loyalty
  • Communication
  • Continuous Learning
  • Decision Making
  • Managing Work
  • Quality Orientation

To Apply Click HERE


Please contact the Nedbank Recruiting Team at +27 860 555 566

To apply

To View More Jobs Click HERE

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