Libertatem Magazine

Job Post: Vacancy for Legal Head in SICOM India

Contents of this Page
Minimum Experience 15 years
Functional AreaBanks / NBFs/ Financial institutions
Educational QualificationL.L.B. / L.L.M.
Roles and responsibilities
  • • Upto date knowledge of case laws and legal websites
  • • Drafting and finalizing various legal documents pertaining to security creation required for sanction and disbursement of loans, other financial products, policy or any other purpose.
  • • Reviewing from time to time the bank guarantee formats, security documents, reference letter, claim statement, proof of services, rejoinder, counter and written submission.
  • • Registration of mortgage/charge documents with concerned Sub-Registrar/s &RoC.
  • • Monitor Legal MIS/Data/ Records/ Register/Files
  • • Litigation – advise, initiation of appropriate and timely legal action in respect of NPA /Defaulting cases.
  • • Vetting, finalizing and filing of claims with (DRT)/OL/RP/NCLT.
  • • Initiate monitoring of legal action in respect to NPA cases including drafting Issuance of notices i.e. notices U/s. 138 of NI Act, notices u/s29 of SFC Act, Demand Notices, Notices invoking guarantee, SARFAESI Act, Takeover notices, Post Takeover Notices, Possession Notices, Winding-up Notices, filing of suit , DFT claims before NCLT etc
  • • Co-ordination for High Courts/ Supreme Court/ District Courts/Consumer Forums, Magistrate Courts, CBI, ED offices & other Tribunals and attending as and when required or directed.
  • • Co-ordination and follow up with panel Advocate’s, counsels, clients,
  • • Reviewing from time to time the bank guarantees, reference letter, claim statement, proof of services, rejoinder, counter and written submission
  • • Execution & registration of interim security documentation.
  • • Review and advise management on legal implications of internal policies and procedures on NPA cases pertaining to takeover, disposal of assets and other legal action.
  • • Handling all other legal matters of the Company including legal advice to field staff and top management of the company.
  • • Handling all statutory and legal requirements of SICOM and its subsidiaries
  • • Responsible for all Legal policy related matters and updating manual of legal section
  • • Optimisation of legal expenses
  • • Performance evaluation of empanelled law firms and lawyers
  • • Use of innovative legal techniques for recovery of dues from defaulting borrowers
  • • Achievement of targets for recovery from delinquent, NPA and written off accounts
  • • Co-ordination with Collection & Recovery teams
  • • Review of internal legal processes
  • • Adherence to SOP and updation of SOP’s based on changes in law/legal processes/internal policies
  • • Standardize legal documents from time to time
  • • Any other responsibility assigned by the management
Reporting AuthorityManaging Director
CTC offeredNegotiable as per Industry standards
To applyApply at [email protected] with detailed resume within 21 days from the date of advertisement


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