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Recoveries Agent at Absa Bank Limited

October 9, 2024
Urgent
Application deadline closed.
Deadline date:
Application deadline closed.

Job Description

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Job Summary

To provide specialist advice and support in order to ensure customer satisfaction and enhance the customer experience, through the execution of predefined objectives as per agreed standard operating procedures (SOPs).

Job Purpose:

Responsible for the Collections or Recoveries of allocated group of loan and credit card accounts within the Personal and Local Business Segments within the Bank, with the objective of adopting given strategies and negotiating with the customer to bring any out of order accounts back to order.

Key Accountabilities

Accountability: Business Management 40%

Meet the minimum productivity requirements for calls, promise to pay (PTP) and kept promises (KPs) on a daily basis to ensure optimization of the collections function and achievement of the monthly targets for the collection agent
Use the appropriate collection scripts and other tools available to verify client identity and negotiate with customers to obtain a promise to pay (PTP) or to negotiate the repayment terms which will achieve the best outcome for both the bank and the customer
Monitor all accounts allocated on a daily basis and take appropriate action to ensure that the portfolio of accounts stay within agreed limits through the application of sound credit judgement within pre-determined broad policy guidelines
Recommend accounts within own portfolio that meet agreed criteria for forbearance (which do not involve giving out more money) within pre-determined parameters and guidelines
Undertake all forms of communication with the customer that are necessary to ensure that the accounts operate well or that subsequent action on the account, if required, is not unduly delayed
Adopt collections targets on a monthly basis in line with portfolio and product targets as communicated by the MI team via the team leader
If no solution can be negotiated, calls must be escalated to the team leader for assistance
Update the appropriate system upon completion of the negotiation with the customer to indicate the agreement reached with the customer in terms of the collections option that will be implemented.

Accountability: Customer Obsession 20%

Refer all customer complaints to the Customer Service team for logging on BOC. As the first point of contact wherever possible, resolve and close the complaint; escalate to the team leader to support in resolving the complaint if unable to resolve
Ensure customer obsession is achieved, and the retention of the customer is maintained by being professional in all instances
Seek clarity from the customer to ensure comprehensive understanding of their needs and address these needs as effectively as possible, whilst minimizing any risk to the bank
Application of world class customer service standards at all times while handling customer’s issues, walk in customers and customer correspondences assigned on collection related matters

Accountability: People and Team Work 10%

Constant liaison with the business network to undertake appropriate measures on allocated collections portfolio to offer alternative solutions for customers.
Teamwork to formulate and execute innovative and creative strategies aimed at achieving stretch collection targets.
Participate in local events to support local needs, develop individual and team skills and raise the Barclays profile in the local community
Ensure individual performance objectives and measures are agreed with line manager.
Pursue self-development to increase personal effectiveness, acknowledging strengths and areas for development.

Accountability: Controls (Mandatory for all roles) 30%

Adherence to service level agreements on any duties assigned.
Adherence to banking policies and procedures.
Delivering collection control requirements in a robust and rigorous control environment.
Efficiently maintaining an accurate diary of collection actions undertaken on own portfolio on debt management systems with timely follow-up of due actions.
Delivering operational excellence in achieving quality, cost and service standards on assigned work.

Preferred Qualification

Analytical and numerical skills
Communication skills (written and verbal)
Inter-personal skills
Negotiation and Influencing skills
Spreadsheets/Database Skills
Planning and personal organization
Quality Conscious
Problem solving skills
Service excellence
Operational excellence
Customer handing techniques

Preferred Experience

Effective communication
Some knowledge of the Bank’s lending principles, policies and procedures
Some knowledge of the Bank’s general credit policies and Retail Products
Prior experience in a lending environment

Knowledge and Skills

University degree or equivalent professional qualification
Prior experience of dealing with customers
High degree of interpersonal skills when dealing with a range of people and situations.
Good knowledge of the general canons of good lending and credit risk assessment
Good computer skills and ability to learn new software/applications quickly