Legal Manager|HF LOAN AGAINST PROPERTY |LAP|Recovery Branch

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