Head, Payments & Collections

Job Description

Job Title:

Head, Payments & Collections

Organisational Unit

Payments & Collections

Reports To: 

Executive Director  

Direct Reports            

Team Member, Payments & Collections               

General Working Conditions

Standard working conditions.

Location

Head Office

Job Objective(s)

Ownership and management of suite of Payments and Collections to ensure growth of the business with respect to volumes and revenue.

Responsibilities

Strategic/Financial

  • Develop and drive the bank’s arm of collections and payments business in line with the strategy.
  • Identify and translate market opportunities into new products and services so as to generate profit for the bank.
  • Develop the collections business in new markets.
  • Ensure optimal pricing of collections products to balance revenue derived whilst attracting/ retaining customers.
  • Keep abreast of local and international developments in the cash management business
  • Maintain up-to-date knowledge of competitive offerings across the markets

Customer

  • Provide structured solutions to meet specific collections needs of customers.
  • Understand customers’ value chain and business, anticipate requirements through consultative marketing.

Operations

  • Manage the collections sales pipeline at branch level
  • Own and maintain generic product programs for collections products
  • Ensure proper documentation of inflow and outflow cash
  • Handle any other tasks as may be assigned by ED/COO
  • Process automation/Improvement
  • Manage workflow in the unit and ensure that service standards/turn-around times are adhered to.

Key Performance Indicators:

  • Reduce people processes by 40%   
  • Average collection function expense per customer ($)
  • Increase the number of next day and same day transfers by xx%
  • %Attainment of revenue targets
  • % Attainment of volume/ usage targets
  • Overall growth in collections business in volume and value terms
  • Zero penalties on remittances of collections 

Competencies Required

Organisational Competencies

  • Professional Attributes
  • Business Knowledge
  • Personal Attributes
  • Leadership Skills

Functional Competencies

  • Ability to negotiate complex transaction and lead successful teams.
  • An analytical thinker, with a capacity to interpret and assimilate large volumes of complex information and construct cogent arguments.

Job Specifications

Qualifications & Certifications

  • Minimum of First Degree in any discipline
  • MBA or Professional qualification will be an advantage.          

Working Experience

  • Minimum of 7 years working experience in banking,  marketing and operations (at least 2 years in Payment & Collections operations and the last 2 years in managerial capacity).
 
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