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27 Jun 2022

PermanentUnemployed and Skilled Supervisor Wanted Urgently

BMW Financial Services (South Africa) (Pty) Ltd. – Posted by joblink24 Midrand, Gauteng, South Africa

Job Description

Unemployed and Skilled Supervisor Wanted Urgently

Work Location:  Midrand, South Africa

Job Title: Supervisor

Salary: Market Related

Job Type: Permanent

Employer: BMW Financial Services (South Africa) (Pty) Ltd.

End Date: 27 July 2022


Job Description

We are urgently looking for Supervisor to start working urgently.

Duties and Responsibilities:

  • To achieve Annual Recovery Target within each financial year.
  • Ensure all assets not recovered prior to charge-off are placed on the required channels to increase opportunities at recovery.
  • To assist in compiling responses to regulatory queries in collaboration with Compliance, and designated Analyst.
  • Closure of all deals with a zero or positive balance on a monthly basis.
  • To prepare and sell off portions of the NEA Book to ensure a break even or profit position once the debt is no longer viable to pursue or the portfolio is too large for the internal team.
  • To manage and Steer Attorney Performance on both the Active and Legal Status of the Portfolio(s)
  • To manage and Steer EDC’s to ensure effective debt recovery from accounts that fall outside the internal collections strategy.
  • Measure Attorney and EDC performance on a monthly basis via the use of a Scorecard.
  • In collaboration with Purchasing, ensure the relevant purchasing processes are followed in the granting or extension of services related to the Legal Portfolio.
  • Implement efficient legal processes to enhance performance and management of workload.
  • To authorize payment to suppliers.
  • Consultation with attorneys in respect of complex legal matters.
  • Attending court on behalf of BMW Financial Services in the capacity of witness or representative.
  • To manage general litigation against BMW
  • Management of staff
  • Implement and monitor monthly targets
  • Continuously investigate further opportunities in respect of dealing with the legal portfolio in an effort to save costs.
  • Management of the legal deals within the Home Loans portfolio to ensure maximum recovery whilst following the legally required processes.
  • Internal Control systems (ICS) – adherence to controls; focus on regular monitoring of controls and on testing of controls effectiveness (e.g. performing monthly spot-checks and/or reviewing exception reports); support annual process & control review; annual review/update of process maps / flows and relevant regulations / work instructions; active contribution to detect and mitigate process gaps.
  • To drive automation / efficiencies / process optimization across all processes.
  • Any other task that management may necessitate in reaction to unexpected changes to our environment, greater business needs or to mitigate the vulnerability of the BMW Groups reputation or potential financial loss.
  • To attend to Daily, Monthly and Yearly reporting as defined from time to time, as well as the analysis of same in order to create strategies.
  • To do regular interaction within external service providers to ensure the delivery of performance as outlined by SLA.

Key Qualifications:

  • Legal Degree or equivalent.
  • Must have 2-5 years’ experience in a similar role within the Financial Services industry
  • Must have 3-5 years’ Experience in finance industry within management role
  • Must have legal collections experience
  • Must have knowledge of the financial industry
  • Must have NCA knowledge

Unemployed and Skilled Supervisor Wanted Urgently

Unemployed and Skilled Supervisor Wanted Urgently

Unemployed and Skilled Supervisor Wanted Urgently


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