Legal Recovery Executive - MSME 90+Bucket - Gurdaspur & Ambala

Company Description

SK Finance Limited is a Middle Layer NBFC celebrating 30 years of financial excellence, specializing in vehicle loans, small business loans, and personal aspirations mainly in rural and semi-urban areas across North, West, and Central India. Operating in 12 states and a Union territory with over 570 branches and a dedicated team of more than 11,000 employees, SK Finance places a strong emphasis on quality, innovation, and customer-centricity. The company is backed by leading private equity funds, including Norwest Venture Partners and TPG Capital, and is committed to positively impacting society by addressing the needs of both served and underserved communities.

We are seeking a result-oriented Legal Recovery Executive to handle legal recovery processes for Secured Business Loans and LAP (Loan Against Property) accounts. The role involves managing 90+ PAR accounts (3 months+ overdue) by initiating and following through on legal actions to ensure recovery.

• Handle and monitor 90+ PAR/NPA cases under secured loan portfolios (Business Loan / LAP).
• Initiate and coordinate legal actions like SARFAESI notices, Section 138, arbitration, or civil suits as per company and regulatory guidelines.
• Liaison with empaneled advocates and legal consultants for case filing, hearings, and follow-ups.
• Conduct field visits and customer meetings in coordination with recovery/collection teams to resolve accounts pre-litigation.
• Represent the company in Lok Adalat, court proceedings, and recovery camps.
• Ensure timely documentation, legal file preparation, and MIS updates.
• Work closely with credit, operations, and recovery teams for smooth execution of legal strategies.
• Coordinate for asset possession, auction, and realization as per SARFAESI Act (if applicable).

• Strong knowledge of SARFAESI Act, DRT process, and other legal remedies in secured lending.
• Experience in handling NPA accounts and legal recovery of mortgages or property-backed loans.
• Good drafting and communication skills.
• Ability to manage field recovery and legal coordination efficiently.

• Graduate in Law (LLB preferred)
• Minimum 2 years of experience in legal recovery, preferably in NBFCs/Banks handling LAP or Business Loans