Head: Legal Recoveries, Business Rescue & Insolvencies

Design, implement and lead an end-to-end legal recoveries capability that is recognised as a valuable and strategic function of the IDC. Manage, execute and maximise cost effective recoveries thereby supporting the financial sustainability of the Corporation. Qualifications An admitted Attorney in good standing. MBA/MBL would be an added advantag e. Responsibilities Collaborate cross functionally to implement legal risk mitigants in a rapidly evolving environment shaped by service, market, legal, regulatory, process, and product changes. To formulate and ensure the achievement of the Legal Recoveries, Business Rescue & Insolvencies Department’s (RBI) strategy in line with the corporate strategy. Overall strategic leadership, management and quality control of the Department. In alignment to the corporate plan and IDC policies: develop, implement and maintain the legal recovery, business rescue and insolvency strategies to maximise recoveries and reduce impairments. Manage various functions within RBI to deliver on the Department mandate. Develop, implement and enforce write-off processes and related policies. Manage and monitor the matters that are referred to panel firms, debt collectors, business rescue as well as liquidation. Manage the business rescue and insolvency process including submission of claims. To co-ordinate dealings with panel firms and debt collectors and ensure that the Corporation benefits from cost-effective legal advice and services. Identify and implement effective risk controls and conduct related annual reviews. Ensure that risk controls are operating effectively and, if not, ensure that appropriate, corrective actions are taken. Manage business and reputational risks associated with the RBI portfolio. Design, implement and monitor adherence to policies as aligned with the recoveries strategy and reviewed annually. Document processes and procedures and align to the recovery strategies and reviewed annually. Oversee and manage the flow of relevant information to best inform stakeholders as to the status of the portfolio or individual clients within the portfolio. Where appropriate, generate feedback to stakeholders to improve future risk decisions and ensure past mistakes are prevented. Drive stakeholder alignment and satisfaction utilising sound stakeholder management techniques. Manage and maintain relationships with external service providers (panel firms; debt collectors, business rescue practitioners etc.) and handle their queries timeously. Maintains good communication and reporting lines with the IDC’s operational and post investment units and respond timeously to internal and external customer queries. Effective reporting for various committees. Experience & Knowledge Minimum 10 years’ relevant experience post admission as an Attorney and a sound track record in the financial services industry. Minimum 10 years’ experience in recoveries and business rescue transactions typically concluded in a financing environment. Minimum 5 years Leadership and Management experience of a professional legal team. Possess a proven track record at senior management level with experience of applying sound judgement in credit decisions in all parts of credit cycle. Experience of managing a medium sized Recoveries and collections team. Experience in engaging, managing and negotiating and influencing relevant stakeholders including but not limited to professional associations/bodies, government institutions, regulators, service providers etc. Experience of similar work within the Development Finance environment will be an added advantage. Ability to prior-ise conflicting demands and work within tight deadlines. Ability to grasp complex areas of the law rapidly and accurately. Must have strong interpersonal skills, maturity, and good judgment. Capable of communicating with a diverse range of individuals. #J-18808-Ljbffr