Regional Legal Manager - Lending

Key Responsibilities:

Managerial Responsibilities:

• Lead the team responsible for legal recourse to recover from delinquent customers.
• Oversee local advocates to ensure swift action on assigned cases.

Functional Responsibilities:

• Manage all legal and delinquency-related actions, including sending demand notices, LRN, arbitration, Lok Adalat, and civil suits.
• Adhere to agreed TAT (Turnaround Time) for initiating actions.
• Support the collection and branch teams in recovering from NPA (Non-Performing Assets) cases.
• Ensure advocates and arbitrators are appointed as per the process.
• Initiate appropriate legal actions against defaulting customers, such as:
• Arbitration
• Sections 9 & 17 of the Arbitration and Conciliation Act
• Criminal complaints
• Execution petition filing
• Initiation of Section 138 of the Negotiable Instruments Act
• Handle cases under Section 138 of the Negotiable Instruments Act and matters under Section 9 of the Arbitration and Conciliation Act.
• Draft SARFAESI notices, including:
• Demand notices under Section 13(2)
• Possession notices under Section 13(4)

Job Requirements:

Qualifications:

• Minimum graduation. A degree in law is preferable but not essential.

Experience:

• 5-8 years of experience in financial services, preferably NBFCs/Banks, dealing with legal cases/arbitration. Experience in recovery from hard bucket cases is essential.

Functional Competencies:

• The role requires 10-12 days of travel for legal and collection-related actions on the ground.
• Proficiency in MS Office (Word, PowerPoint, Excel).
• Basic accounting skills.

Behavioral Competencies:

• Strong writing and speaking ability in English. Knowledge of Regional Langauge (Read & Write) is essential. Knowledge of another Indian language is preferred but not essential.
• Excellent communication skills, especially in dealing with local advocates, court officials, police, and challenging customers.
• Ability to work with minimal direction. Self-starter.
• Ability to prioritize, multi-task, delegate, and proactively resolve problems.