Tata Capital, Mumbai is looking for a full time Legal & Remedial Manager for its Lower Parel Branch.
- Ensure the Compliance of Remedial Legal Process
- Represent the company in front of statutory authorities and other institutions
- Identify cases for filing legal cases and initiate Legal tools within timelines
- Dunning, Loan Recall Notice
- Filing of complaint under section 138/section 25, Filing of civil suit; Filing of arbitration and section 9/Section 17 (Orders through court for repossession of assets wherever required)
- Execution of the award passed and section 9/section 17 order
- Review of all the above cases on a periodic basis
- Audit compliance
- Recovery and Auction
- Manage and support asset repossession as per policy and process
- Manage Auction of repossessed assets and drive recovery on loss on sale
- Coordinate with vendors for recovery and auction
- Reduce NPA through Legal tools and compliance within timeline
- Ensure that the NPA’s are kept at minimum trigger levels
- Manage portfolio movement and control loss for the product
- Achieve Budget target, increase fee income / revenue and reduce vendor payouts
- Functional Coordination and Liaison with the collection team for Legal
- Coordinate with the collection department for adherence to the stipulated laws during repossession, collections etc.
- Provide regular MIS and updates to the collections department
- Ensure effective interdepartmental communication with operations, Credit and sales to improve processes
- Support the CRM team in drafting replies to customer complaints, RBI complaints, complaints and letters received from Statutory Bodies or Government Authorities.
- Provide support to all teams in resolving legal and compliance issues as guided by the Corporate Legal Team
- Customer Interaction
- Visit customers and manage the swift recovery in critical cases
- Ensure quick resolution of customer issues and complaints
- Vendor Management
- Follow up and manage the advocates after filing of cases
- Ensure that all the advocates/law firms in the location perform as per the defined policy
- Reduce cost incurred through vendors
- Conduct revised/refresher policy & process training of collection and legal team at regular intervals.
- Give feedback to the business on the any new judicial trend and amendment required in the policy and process
Records/Trackers/Reports maintained by role:
- Publish legal MIS
- Report High priority cases to Senior Management
- RBI MIS and NHB MIS
- Maintain files (Deviations and approvals, customer complaints etc.)
How to Apply?
Interested applicants can apply for the post through this link.
Feb 28, 2021
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