Roles and Responsibilities
The candidate must be from a Banking / NBFC / Lending background.
The responsibility will include managing legal Litigation for Retail lending products :
Ensuring SARFAESI legal action initiation in NPA accounts, compliance of SARFAESI process as per TAT
Support to recovery team, guiding them or giving legal opinion in legal issues or processes, drafting of legal letters / notices
Initiating legal action in cases where action cannot be taken under SARFAESI ACT
Auction of current assets
Supporting HO Legal in sharing branch inputs for arbitration, cheque bouncing proceedings and coordinating with lawyers for the execution of award / decree / orders
Supporting in defending against cases filed against our legal action in courts & coordinating with enforcement agencies, marketing agents, publication houses and lawyers
Resolution of high-value cases
Team handling, supervision and HR policy compliance
Maintaining legal MIS, updating compliance tracker and reply to audit queries
Liaise with law firms, external counsel on preparation of court documents and hearings.
Handling end to end of all CERSAI matters on CERSAI portal which involves uploading, ID generation, preparation of master file, removal from portal on loan closure
Desired Candidate Profile :
Good exposure in Legal Collections - in the local market with good networking skills and substantial knowledge toward mortgage and real estate industry.