Are you a motivated young individual eager to start a career in financial services? Do you want to gain valuable skills and practical experience in debt recovery? Then the iMasFinance Debt Recovery Learnership might just be the opportunity you need! This program is perfect for those who have completed matric and are looking for a way to enter the workforce. iMasFinance, a leading financial cooperative, is committed to helping previously disadvantaged South African youth.
Debt Recovery Learnership Overview
- Company: iMasFinance Co-operative (Ltd)
- Location: Centurion, Gauteng
- Type: 12-month Learnership Program
- Stipend: R5,000 per month
- Closing Date: 01 November 2024
About iMasFinance and the Learnership Opportunity
iMasFinance Co-operative (Ltd) is a well-established player in the financial services sector. The company offers various financial products and services, and now it’s providing a 12-month Debt Recovery Learnership to help youth develop skills in debt recovery while earning practical experience.
The learnership is offered through iMasFinance’s Training Department and falls within the Administrative Job Functional Area. If selected, you will gain a formal qualification in debt recovery at a National Qualifications Framework (NQF) level. This is an excellent stepping stone for anyone interested in a long-term career in financial services.
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What Will You Learn?
During the Debt Recovery Learnership, successful candidates will be trained in a variety of administrative and financial recovery tasks. Here are some of the key areas of learning:
- Debt Collection Processes: You will learn how to secure “promise to pay” agreements from members in arrears, helping them manage their debt more effectively.
- Routine Correspondence: You’ll handle correspondence related to collections and recovery, helping to maintain clear and professional communication with clients.
- Query Handling: You will solve practical problems and deal with members’ questions, ensuring that queries are resolved quickly and efficiently.
- Information Recording: Part of your training will involve using IT systems to record member information and collection activities.
- Portfolio Reporting: Learn how to report on portfolios and maintain accurate records.
- Vehicle Repossession: You will help administer the repossession of vehicles and liaise with key stakeholders such as valuators, sheriffs, and lien holders.
- Legal Collections: Assist with legal collection processes, monitor the progress of judgments, and work with attorneys and debt collectors to manage cases.
- Payment Processing: You’ll help process payments to attorneys and debt collectors.
By the end of the learnership, you will have gained hands-on experience and knowledge in debt recovery, legal collections, and administrative processes.
Requirements
The Debt Recovery Learnership is designed to support young South Africans who are eager to learn and grow. To be considered for this learnership, you must meet the following requirements:
- Minimum Qualification: You must have completed Grade 12, with Mathematics or Accounting as subjects.
- No Current Studies: You should not be registered for any other studies at the time of applying.
- Unemployed: You must currently be unemployed.
- Availability: You must be available to start the learnership in November 2024.
- Disadvantaged Youth: This opportunity is especially targeted at previously disadvantaged youth, offering them a chance to gain vital skills in a professional environment.
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How to Apply
If this learnership sounds like the perfect fit for you, don’t wait! To apply:
- Prepare Your CV: Make sure your CV is up-to-date and includes all relevant qualifications and contact information.
- Write a Motivational Letter: This should explain why you want to participate in the learnership and how it will help you achieve your career goals.
- Submit Your Application: You can submit your application online through the iMasFinance careers portal or other job listing platforms.
The iMasFinance Debt Recovery Learnership is a rare opportunity for young, motivated individuals who are passionate about starting a career in the financial services industry. With a combination of structured learning, on-the-job training, and the chance to earn an NQF qualification, this program will equip you with the skills needed for a successful future in debt recovery.