AVP Legal Collection AVP Legal Collection
Industry: Fintech and Housing/ Real Estate / Law firms (mortgage background)
Location: Mumbai, Maharashtra
Experience: 4 - 6 years
Employment Type: Full Time
Roles & Responsibilities:
• Ensuring timely allocation of cases for issuance of demand notices, complaint filing etc. in accordance with the defined legal and dunning strategy grid
• Review and Instruct the law firms/ lawyers for the conduct of proceedings before various Courts, Arbitral tribunal, Conciliator & Lokadalat and rigorous follow ups with various law firms & brief advocates, at different stages of litigation, to be able to drive them to perform efficiently and effectively Prepare plan for legal collection strategies for different types and levels of exposure accounts and design new legal processes strategies, in order to ensure better resolution
• Responsible for managing attorney costs within the budget, identifying areas of cost reduction and drafting notices, demands and pleadings and recommending the lawyers that will be used by the Company including evaluation of their effectiveness and reporting of performance (gross returns, net returns, costs expended).
• Liaising with customers and negotiating proposals with outside agencies including statutory authorities.
• Responsible to act as an Authorized Representative (AR) of the company before various Courts, Arbitral tribunal, Conciliator & Lokadalats and ensure legal collection activities are carried out in line with the regulatory guidelines and within stipulated time limits
• Ensure maintenance of proper various Legal MIS’s and records for all cases wherein legal has been initiated (at different stages of delinquency and litigation) and timely MIS reporting, as required by the Central office
• Coordination with internal and external auditors during reviews and inspections
• Resolve any customer escalations with prompt and timely response (including Complaint lodged with Banking Ombudsman, Consumer Forum etc.)
Key Skillsets / Requirements:
• LLB/(LLM) from a reputed Law College
• Experience: 4+ years
• Excellent written and spoken communication skills in English, Marathi & Hindi or any regional language would add advantage
• Knowledge of banking products and services along with regulatory guidelines and norms
• Knowledge of Securitization (SARFAESI) Act, 2002, Sec. 138 NI Act, Civil Suit (under Order 37, CPC), Lokadalat, Conciliation and DRT
• Knowledge of good drafting skills in order to minimize escalations raised against the Bank
• Ability to negotiate with outside agencies including statutory authorities,
• Ability to manage Customer escalations with timely response (including Complaint lodged with Banking Ombudsman, Consumer Forum etc.).
• Good communication (both verbal and written) skill in both English and the local language
Benefits:
• Competitive salary packages and bonuses.
• Mediclaim plans for you and your dependents
• Employee Pension Funds
• Access to educational resources for self-improvement – technical and non-technical
Legal Fundamentals