Associate – Legal

Ahmedabad - India

Monthly Salary: Not Disclosed

Posted on: 2 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Description Associate Legal (LAP Mortgage)

Role Overview

The Associate Legal (LAP Mortgage) will be responsible for overseeing all legal aspects of the Loan Against Property (LAP) business in an NBFC environment. The role involves handling property documentation title verification drafting and vetting loan-related agreements managing daily MIS Managing Legal Vendor Bills Empanelment of legal Vendor ensuring compliance with regulatory guidelines and mitigating legal risks associated with secured lending.

Key Responsibilities

1. Documentation & Due Diligence

Vetting and scrutiny of property documents for mortgage-based lending (residential commercial and industrial).

Conducting legal due diligence and issuing title clearance reports (TCRs).

Ensuring compliance with local property laws RERA stamp duty and registration requirements.

Coordinating with empaneled advocates for search reports and legal opinions.

2. Loan Documentation & Advisory

Drafting reviewing and finalizing mortgage deeds NOCs and other legal documents.

Providing legal support to the credit and operations team during loan sanction and disbursement.

Advising on enforceability of securities and structuring of mortgage transactions.

3. Compliance & Risk Management

Ensuring adherence to RBI guidelines and NBFC regulations in mortgage lending.

Identifying potential legal risks and implementing mitigation measures.

Maintaining updated knowledge of property banking and financial services laws.

4. Stakeholder Management

Liaising with internal teams Credit Operations Risk and Compliance.

Managing relationships with empaneled advocates law firms and regulatory authorities

Education:

LLB (mandatory);

Experience:

2 -5 years of experience in Legal function preferably with an NBFC Bank or Law Firm handling secured lending / LAP business.

Strong exposure to property laws mortgage transactions and litigation management.

Skills & Competencies:

Sound knowledge of SARFAESI IBC RERA Transfer of Property Act Registration Act Contract Act and Companies Act.

Strong drafting vetting and negotiation skills.

Ability to manage multiple stakeholders and deliver under pressure.

Excellent communication and problem-solving abilities.

Key Performance Indicators (KPIs):

Timely issuance of legal clearances for LAP proposals.

Accuracy and risk mitigation in property title verification.

Effective handling of litigation and recovery cases.

Compliance with RBI/NBFC regulations.

Support in reducing turnaround time (TAT) for loan disbursement.

Job Description Associate Legal (LAP Mortgage) Role Overview The Associate Legal (LAP Mortgage) will be responsible for overseeing all legal aspects of the Loan Against Property (LAP) business in an NBFC environment. The role involves handling property documentation title verification dr...