Area Legal Manager

Job Purpose Statement (Summarise in one/two statements why this job exists and the contribution it makes to the overall business of the company).

• Understand and deploy the organization strategies issued by Circle Head, as per management directives
• Responsible for meeting target collections and recoveries
• Ensuring productivity on a continual mode
• Ensuring recoveries with minimum delinquency
• Ensuring portfolio quality in line with organizational objectives
• Ensuring minimal conversions of Soft repayment to field collection
• Ensuring maximum provisioning reversal
• To monitor, measure and restrict forward flow of contracts
• To ensure contract allocation completion within 7 days of 1st month of every Quarter
• Ensuring timely repossession, efficient disposal mechanism, stockyard management
• Providing inputs to Divisional Head on business, basis collection comforts on profiles, models, geographies.
• To be abreast with competition practices

To visit all branches in the circle atleast once a month

1.

• To achieve goals set by organization in terms of collection efficiency, provision reversals, etc
• To keep the team motivated at all times
• To develop liaison with alternative channels Authorities, Influential Personalities, Prominent Lawyers etc. so as to be able to handle contingencies and facilitate efficacious functioning of the recovery department , in line with companys rules and regulations
• Maintain an effective review mechanism to monitor results
• Educating executives on increasing collection effectiveness through field collection,repossessions,guarantors etc.
• Ensuring and leveraging productivity of executives right from inception

2.

• To monitor , drive and review the field force towards achieving the budgeted recovery
• Ensure effective recovery of debt and NPA management
• Drive Profitability & Ensure Portfolio Quality Maintenance
• Timely repossession to ensure minimal disposal losses, as per management norms

3.

• To understand reports and review team basis of reports and data
• Identifying factors which can improve collection output
• Identify non-performers and report to Divisional Head
• Devise and develop process & procedures aimed at reducing cost of collections
• Ensure audit compliance and rating parameters are met

4.

• Provide guidance to teams to maintain an environment that encourages participation, teamwork
• Provide training support and content for functional and behavioural training of vertical field executives and managers for their development and retention
• Improving engagement of department
• To co-ordinate with the Accounts, Legal, Operations, H.R. and all other Functions for inputs and related functional support

5.

Addressing customer concerns, pertaining to collections