Legal Manager Surat

Job Description:

• Recovery Management:

  • Lead and manage all recovery activities to minimize delinquency and achieve timely recoveries of overdue accounts in the commercial vehicle portfolio.
  • Devise and implement strategic recovery actions in line with regulatory guidelines and company policies.
  • Oversee negotiations, settlements, and restructuring of delinquent accounts as necessary.

• Legal Proceedings and Litigation:

  • Handle cases under the SARFAESI Act, Arbitration Act, and other relevant laws for recovery.
  • Coordinate with external legal counsel to file suits, handle litigation, and manage other legal actions required for recovery.
  • Represent the company in court proceedings, arbitration, and other legal forums as needed.

• Documentation and Compliance:

  • Ensure all documentation related to recovery, legal notices, and repossession is accurate and legally sound.
  • Maintain records of legal proceedings, court orders, judgments, and other legal documents.
  • Conduct periodic audits of recovery-related legal documentation to ensure compliance with internal and external regulatory requirements.

• Stakeholder Collaboration:

  • Work closely with internal teams, such as credit, collections, and operations, to streamline recovery processes.
  • Liaise with law enforcement agencies and other external agencies for asset repossession and recovery activities.
  • Provide guidance to the collections team on legal matters and educate them on legal best practices.

• Risk Assessment and Mitigation:

  • Identify potential legal risks in the recovery processes and develop risk mitigation strategies.
  • Proactively advise management on any legal risks associated with recovery actions and propose alternative approaches if necessary.