Divisional Legal & Recovery Head Kinara Capital

10.0 - 12.0 years

50 - 55 Lacs

Hubli, Mangaluru, Mysuru

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Job Title: Divisional Legal & Recovery Head Company Name: Kinara Capital Job Description: The Divisional Legal & Recovery Head will be responsible for overseeing the legal strategies and recovery processes of the organization. This role involves providing expert legal guidance to ensure compliance with applicable laws and regulations, managing litigation, and leading recovery operations to optimize asset recovery. The ideal candidate will work closely with cross-functional teams to mitigate risks and streamline legal processes, ensuring the organizations interests are protected while pursuing effective recovery solutions. Key Responsibilities: - Develop and implement legal strategies that align with the company s goals while ensuring compliance with local and national legal regulations. - Manage and coordinate all legal processes, including litigation and dispute resolution. - Lead the recovery team in executing recovery strategies for various loan portfolios, ensuring efficiency and effectiveness in recovery operations. - Collaborate with internal teams to create policies and procedures that enhance the company s risk management framework. - Provide legal training and support to internal stakeholders to foster a culture of compliance and ethical practices. - Review and negotiate contracts, agreements, and other legal documents to safeguard the companys interests. - Stay updated on industry trends and changes in the regulatory landscape that may impact the organizations legal and recovery strategies. - Liaise with external legal counsel and regulatory bodies when necessary. Skills and Tools Required: - Juris Doctor (JD) degree or equivalent legal qualification. - Proven experience in a legal and recovery role, preferably within the financial services or lending industry. - Strong understanding of financial regulations, credit laws, recovery practices, and dispute resolution mechanisms. - Excellent negotiation and communication skills, both verbal and written. - Ability to lead and mentor a team while fostering a collaborative work environment. - Proficiency in legal research tools and case management software. - Strong analytical and problem-solving skills to address complex legal challenges. - Familiarity with compliance management systems and risk assessment methodologies. - Exceptional attention to detail and organizational skills. Candidates with a proactive approach to identifying legal issues and implementing effective solutions will be highly regarded in this dynamic role.

Posted 3 days ago

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Hiring For State Collection Manager, Recovery Personal Loan Chennai SMFG INDIA CREDIT COMPANY

15.0 - 20.0 years

10 - 18 Lacs

Chennai

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The State Collection Manager for Flows Personal Loan is responsible for managing and overseeing the collections operations within a specific state or region. This role ensures the efficient recovery of overdue loans, mitigating the risk of default, and meeting the company's collection goals. Role & responsibilities 1. Team Leadership & Management: Lead, manage, and mentor a team of collection agents to achieve state-level collections targets. Set clear performance expectations and monitor team performance regularly. Conduct training and provide guidance to enhance team members skills and ensure adherence to company policies and best practices. 2. Collections Strategy & Execution: Develop and implement effective collections strategies tailored to the states market conditions and customer profiles. Ensure the recovery of overdue personal loans through efficient call strategies, payment plans, and collection techniques. Monitor and manage collections on past-due loans to minimize defaults and maximize recovery. 3. Compliance & Risk Management: Ensure that all collection activities comply with legal and regulatory requirements, internal policies, and ethical standards. Assess and manage the risks related to collections, making recommendations for process improvements and risk mitigation strategies. 4. Collaboration & Cross-Functional Support: Collaborate with the Risk, Credit, and Legal teams to enhance collections processes, improve customer communication, and address complex cases. Work with other departments (e.g., Sales, Customer Service) to ensure a seamless transition of loan accounts from origination to recovery stages. 5. Budgeting & Cost Management: Monitor and control the state-level collection budget to ensure cost-effective operations. Evaluate and recommend resources, tools, or third-party collection services to improve recovery performance Preferred candidate profile Bachelor's degree in Business, Finance, or a related field (Masters preferred). Minimum of 15+ years of experience in collections, with at least 10 years in a managerial or leadership role. Proven experience in managing collections for personal loans or similar financial products. Strong knowledge of collections strategies, debt recovery processes, and regulatory compliance (e.g., Fair Debt Collection Practices Act). Excellent leadership, communication, and negotiation skills. Analytical mindset with the ability to track performance metrics and implement improvements. Ability to work under pressure and meet deadlines in a fast-paced environment. Perks and benefits Competitive salary based on experience Performance-based Yearly Bonus Interested candidates can hit your resume to yuvaraja.k@smfgindia.com

Posted 2 weeks ago

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