Legal Manager-HF LOAN AGAINST PROPERTY (LAP)-Recovery Branch
Kotak Mahindra Bank
Mumbai, Maharashtra, India, IN
4d ago

Job Description

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.

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