Job Opening at Axis Bank Collection & Underwriting for Legal Area Manager

Must Read

Job Post: Vacancy for Senior Counsel at Zomato, Gurugram

Zomato as an organization has grown and scaled multifold over the last few years. We are committed to bringing...

Job Post: Vacancy for Counsel in Citi Group, Mumbai

The Counsel is an intermediate position responsible for managing a variety of day-to-day legal activities in coordination with the...

Internship: Internship Opportunity at Office of Dy. Advocate General at Supreme Court of India, New Delhi

About Office: Our office offers expert legal advice to State Governments , Autonomous bodies of Govt. of India, business houses,...

Job Post: Vacancy for Senior Legal Counsel at Johnson & Johnson, Mumbai

 Job Description: The Johnson & Johnson Law Department is recruiting for an on-site Senior Counsel reporting to the Senior Legal...

Job Post: Vacancy for Legal Counsel at Mott MacDonald, Noida

Job Description: To be involved in advising on a range of legal documents including engineering contracts, EPC contracts, advisory mandates,...

Job Post: Vacancy for Corporate Counsel in Amazon India, New Delhi

Education and Experience Required: · LLB or equivalent · 10+ years of relevant Legal experience; at least 3+ years of working...

Follow us

The Collection & Underwriting department focuses on the collection of the bank’s various loan products like Home Loans, Car Loans, and Personal Loans among others. While Underwriting department focuses on risk mitigation towards the loan offered to the customers. The department is key for the Loans business vertical as it is responsible for controlling & ensuring timely EMI collection & maintaining risk of the business

About the Role:

The Legal Area Manager is responsible for supporting the legal functions required by the Collection / Recovery function of the business. They should provide complete legal support for resolution of Secured, Unsecured retail asset products (including Credit Card), SME (< Rs. 2 Crores) Collections. They are responsible for frequent interfacing with the empanelled lawyers/ Law firms and ability to manage collection processes including customer contacts for accounts on which normal collection activities have not been effective. They should ensure to build relationships with law firms/lawyer and visiting various Courts/Tribunal/DM or SDM Courts / Police Authorities Offices etc. coming under geographical area, especially high value A/cs.

Key Responsibilities

·   Ensuring timely allocation of cases for issuance of demand notices, complaint filing etc. in accordance with the defined legal and dunning strategy grid

·   Review and Instruct the law firms/ lawyers for the conduct of proceedings before various Courts, Arbitral tribunal, Conciliator & Lokadalat and rigorous follow ups with various law firms & brief advocates, at different stages of litigation, to be able to drive them to perform efficiently and effectively

·  Prepare plan for legal collection strategies for different types and levels of exposure accounts and design new legal processes / strategies, in order to ensure better resolution

·  Responsible for managing attorney costs within the budget, identifying areas of cost reduction and drafting notices, demands and pleadings and recommending the lawyers that will be used by the Company including evaluation of their effectiveness and reporting of performance (gross returns, net returns, costs expended).

·  Liaising with customers and negotiating proposals with outside agencies including statutory authorities.

· Responsible to act as an Authorized Representative (AR) of the company before various Courts, Arbitral tribunal, Conciliator & Lokadalats and ensure legal collection activities are carried out in line with the regulatory guidelines and within stipulated time limits

·  Ensure maintenance of proper various Legal MIS’s and records for all cases wherein legal has been initiated (at different stages of delinquency and litigation) and timely MIS reporting, as required by the Central office

·  Coordination with internal and external auditors during reviews and inspections

·  Resolve any customer escalations with prompt and timely response (including Complaint lodged with Banking Ombudsman, Consumer Forum etc.)

Qualifications:

Optimal qualification for success on the job is:

·  LLB/ LLM from reputed university with court litigation (banking) experience

Role Proficiencies:

For successful execution of the job, the candidate should possess the following:

· Knowledge of banking products and services along with regulatory guidelines and norms

· Knowledge of Securitization (SARFAESI) Act, 2002, Sec. 138 NI Act, Civil Suit (under Order 37, CPC), Lokadalat, Conciliation and DRT

·  Knowledge of good drafting skills in order to minimize escalations raised against the Bank

·  Ability to negotiate with outside agencies including statutory authorities, 

·  Ability to manage Customer escalations with timely response (including Complaint lodged with Banking Ombudsman, Consumer Forum etc.).

·  Good communication (both verbal and written) skill in both English and the local language

How to apply:

Click here to apply


Libertatem.in is now on Telegram. Follow us for regular legal updates and judgements from the court. Follow us on Google News, InstagramLinkedInFacebook & Twitter. You can also subscribe for our Weekly Email Updates. Libertatem Group does not take any responsibility for the accuracy of the Job Post. The post has been shared as we received it from our staff.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Calcutta High Court Rejects the Petition Challenging the Bid’s Rejection Filed on Seeking Condonation of Delay Due to Pandemic Interventions in Absence of Satisfactory...

Case: Shiba Prosad Banerjee vs The State of West Bengal and others The Hon’ble Justice Sabyasachi Bhattacharyya of Calcutta High Court on 22nd January...

Calcutta High Court Reiterated the Scope of the Grounds for Exercising Its Criminal Revisional Jurisdiction.

Case: Shreya Beria vs Vedant Bhagat The Calcutta HC on 20th January 2021, dismissed the criminal revision filed by the Petitioners (wife) challenging the...

Calcutta High Court: Deceased’s Wife Has the Sole Right Over His Preserved Sperm; Father Doesn’t Have Any Fundamental Right Over Son’s Progeny Without the...

Case: Asok Kumar Chatterjee vs. The Union of India & Ors. The Calcutta High Court dismissed the petition by the Petitioner (father) on 19th...

Gujarat High Court Allows a Family Suit to Be Transferred From Family Court, Surat to the Family Court, Bhavnagar

The Court directed that in light of the circumstances of the present case, the application of the applicant- wife to transfer the case from...

Telangana HC Grants Two Days to Convey the Decision of Appropriate Notification and Counselling to the Higher Secondary Department

Excerpt In Telangana Republican Party Trp vs The State Of Telangana, on 18 January 2021, Telangana High Court directed the Higher Education Department for passing...

Telangana HC: Applications Have to Be Made Through Online Web Portal “Dharani” for Mutation of Names

Excerpt In P. Manohar Reddy vs The State Of Telangana And 3 Others, on 18 January 2021, Telangana High Court directed that one has to...

Indonesian Spa Therapist Approaches Supreme Court Regarding Illegal Detention Followed by Raid at the Spa

An Indonesian spa therapist has moved to Supreme Court, whilst challenging an HC order which provided relief to the police inspector who was involved in the illegal detention of the spa therapist in a woman’s home which was followed by a police raid at the spa.

Questions of Forgery, Tampering Not Capable of Summary Adjudication Under Article 226 in Delhi High Court’s Jee Marks Case

Questions of fraud, forgery, and tampering require elaborate evidence as per the ruling of the Delhi High Court making it incapable of summary adjudication...

Supreme Court: Urgent and Immediate Reforms Needed in the Legal Education Due To Mushrooming of Law Schools

The Supreme Court, on Saturday, said that there is an urgent need for reforming the legal education in the country as its quality is being affected due to the ‘mushrooming’ of Law Colleges.

Delhi High Court Ruled Disclosure of Interest in Information Sought Under Rti Act Necessary to Establish Bonafides of Applicant

The Delhi HC opined that disclosure of the interest of information is necessary for the information sought under the RTI Act for establishing bonafide...

More Articles Like This

- Advertisement -