State Legal Recovery
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Job Summary
State Legal Recovery Manager
Role Profile
Role Title: State Legal Recovery Manager
Designation: State Legal Recovery Manager
Function: Legal
Administrative Reporting: National Legal recovery Manager
Functional Reporting: National Legal recovery Manager
Dec 2024
Job Purpose:
To ensure the recovery of dues from defaulting borrowers through legal means/ Minimize losses by taking timely and effective legal action against defaulting borrowers. Ensure compliance with regulatory requirements.
ROLE SPECIFICATION
Role Title | State Legal Recovery Manager |
Employee Interviewed | Sargunam K |
Reports To | National Legal recovery Manager |
Company | Muthoot FinCorp Limited |
Function/Department | Secured & Unsecured Lending Business / Credit |
Written By | Samyukt Johnson & Parthasarathi |
Approved By (Jobholder) | |
Approved By (Immediate Superior) | |
Date (Written On) | 09th Dec24 |
ROLE SUMMARY
Role will be responsible for developing and implementing effective legal recovery strategies. Empanelment of legal vendors and enforcement agencies .
ORGANIZATIONAL CHART
State Legal Recovery Manager |
KEY RESPONSIBILITIES
Legal Recovery | Initiate and manage legal action against defaulting borrowers including filing suits executing decrees and warrants for recovering dues |
Case & Litigation Management | Oversee the management of legal cases including reviewing and analyzing case files developing case strategies and ensuring timely and effective case resolution. Manage litigation efforts including working with external counsel reviewing and responding to legal documents and ensuring compliance with court procedures. |
Recovery Operations | Oversee recovery develop recovery strategies and ensure effective recovery of dues through executing warrants. |
Compliance | Ensure compliance with regulatory requirements |
KEY CHALLENGES
Technology support for Case Management
KEY DECISIONS TAKEN
NA
KEY INTERACTIONS
Internal Stakeholders | External Stakeholders |
Collection Sales Operation Credit RCU. | Legal vendors Enforcement agencies police Dept |
KEY ROLE DIMENSIONS
Geographical Coverage-State No of Direct Reportees- NA Total Team Size - NA Portfolio - |
KEY SKILLS & BEHAVIOURAL ATTRIBUTES
- Legal Knowledge in Arbitration SARFAESI Civil and Criminal case updation and Sec.138 of NI Act Sec.25 of Payment and Settlement Acts with latest updates.
- Having court practice knowledge
EDUCATION / EXPERIENCE
Minimum Qualification: Law Graduate
Nature of Experience: 5-8 years of experience in legal recovery litigation or a related field with a focus on LAP or mortgage finance
About Company
Muthoot FinCorp is one of the leading NBFCs that offers hassle free & instant online gold loans for every need! Avail instant online ✓Gold Loan ✓Small Business Loan ✓Two Wheeler Finance ✓Used Car Loan ✓Home Loan. Apply, and get quick loan approvals.
