Job Description
Amit Nagar
Collections & Legal Manager - BFSI Sector
Amit Nagar • Mumbai, Maharashtra • via IIM Jobs
3 days ago
Full–time
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Job description
Collections & Legal Manager
We are seeking a driven and detail-oriented Collections & Legal Manager with 35 years of experience in banking, financial services, or NBFC environments.
This role is responsible for managing loan collections, handling legal recovery actions, and supporting litigation and enforcement procedures related to default cases.
The ideal candidate should possess sound knowledge of recovery strategies, RBI guidelines, legal frameworks (SARFAESI, Arbitration, DRT), and must be able to drive resolution through field recovery, settlements, and legal action.
Key Responsibilities
Collections Management
- Manage delinquent portfolios (early bucket, mid, and write-off stage) across secured/unsecured loans.
- Drive field collection efforts through internal teams and external recovery agencies.
- Monitor collections performance, recovery rates, and implement corrective measures where necessary.
- Initiate and manage settlement negotiations with defaulters.
- Maintain MIS reports on recovery status, agency productivity, and NPA movement.
Legal Action & Recovery
- Coordinate with legal counsels for issuance of legal notices, arbitration, cheque bounce cases, SARFAESI actions, and court proceedings.
- Ensure timely filing and tracking of DRT cases, civil suits, police complaints, or criminal proceedings.
- Liaise with law enforcement and judicial authorities for recovery actions and asset repossessions.
- Ensure proper documentation and evidence collection for all legal cases.
- Follow up with legal departments and advocates for closure and decree enforcement.
Compliance & Documentation
- Ensure all recovery actions are in compliance with RBI norms, fair practices code, and internal company policies.
- Verify and maintain all customer communication, legal documents, and collection-related records.
- Audit and review agency compliance and adherence to legal norms.
Stakeholder Coordination
- Work closely with the Credit, Risk, Operations, and Legal teams for dispute resolution and account closure strategies.
- Provide inputs on portfolio health and risk trends to senior management.
- Guide junior recovery executives and field officers.
Required Qualifications
- Bachelors degree in Law (LLB), Finance, Commerce, or related field.
- 35 years of relevant experience in collections and legal recovery within BFSI, NBFC, fintech, or retail lending.
- Strong understanding of collections lifecycle, recovery strategy, and regulatory guidelines.
- Experience in handling legal cases under SARFAESI Act, NI Act (Sec 138), Arbitration, DRT, and civil/criminal laws.
- Good command of Excel, legal documentation tools, and collection dashboards.
Preferred Qualifications
- Masters degree or MBA in Finance/Law.
- Certifications in Debt Recovery, Banking Laws, or Credit Risk.
- Experience in managing field recovery teams or third-party agencies.
Soft Skills
- Excellent negotiation and communication skills.
- High attention to detail and problem-solving attitude.
- Strong decision-making and conflict resolution abilities.
- Comfortable working in a target-driven, high-pressure environment.
- Ability to build rapport with stakeholders, lawyers, and customers
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BDO in India
Legal – Contracts (Multiple Roles)
BDO in India • Mumbai, Maharashtra • via LinkedIn
4 days ago
Full–time
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Job description
Location: Mumbai
Experience: 6 to15 years of PQE
Designation: Multiple Roles (Assistant Manager to Director level)
Qualifications: LLB is mandatory; CS, LLM is preferred.
About BDO India:
BDO India LLP is a member firm of BDO International, one of the largest global networks of professional services firms with presence in over 166 countries. BDO India provides strategic, operational, accounting, tax, regulatory, and digital advisory services to both domestic and international clients. With over +,000+ professionals across 14 cities, we are in a phase of accelerated growth and business expansion.
Role Summary:
We are hiring legal professionals with strong experience in drafting, reviewing, and negotiating a wide range of commercial and service contracts. These roles will work closely with clients and internal stakeholders to manage the contract lifecycle, ensure legal compliance, and contribute to the firm's contract governance and operational efficiency. Openings are available from Assistant Manager to Director levels, depending on experience.
Key Responsibilities:
• Draft, review, and negotiate a broad range of contracts including Client Service Engagement Letters, MSAs, Consultancy Contracts, Licensing Agreements, Joint Ventures, Vendor Agreements, NDAs, and SaaS Agreements.
• Create and maintain standard templates and SOPs for contract processes.
• Liaise with clients, vendors, and third parties for contract negotiations.
• Support internal teams on contract structuring, compliance, and risk management.
• Build or contribute to a strong contract management process, including the integration of legal tech tools.
• Conduct research on applicable laws and regulatory developments.
• Mentor junior team members and support knowledge development across the legal function.
Key Requirements:
• LLB is mandatory; CS, LLM is preferred.
• 6–15 years of post-qualification experience in commercial and service contracts.
• Experience in a professional services or consulting firm preferred.
• Excellent legal drafting, negotiation, and stakeholder management skills.
• Strong attention to detail, legal acumen, and business judgment.
• Proficient in MS Word, Excel, PowerPoint; exposure to legal tech/AI tools is a plus.
