Search Jobs
Search by job, company or skills
Search by job, company or skills
Business | Financial Services | ||
Unit | Aditya Birla Capital Ltd. | ||
Location | Mumbai | ||
Poornata Position Number of the job | Reports to: Poornata Position Number | . | |
Poornata Position Title of the job | Legal Manager / Junior Counsel | Reports to: Poornata Position Title | State / Area Legal Manager |
Function | Risk Management & Compliance | Reports to: Function | Risk Management & Compliance |
Department | Risk & Legal & Collections | Reports to: Department | Risk & Legal & Collections |
Designation of the Employee: | Legal Manger / Junior Counsel | Manager's Designation: | State / Area Legal Manager |
Date of writing/ Updation of JD | 1st Jan 2026 |
1) Job Purpose: Write the purpose for which the job exists (in 2-3 lines) (Max 1325 Characters) |
To manage Secured Litigations by and against the company including end to end SARFAESI proceedings, guide the team, manage stakeholders and overlook MIS, Co-ordination with Advocates, visiting Court on every day hearing and updating the same in MIS for publication. |
2) Dimensions:Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job. | |
Other Quantitative and Important Parameters for the job | A good command over drafting and compliance documents. Good working knowledge on laws relating to banking, SARFAESI, Arbitration, IBC, Negotiable instruments, contract act, etc. Good drafting skills Good team & stake holder management skill |
3) Job Context & Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section((Max 3975 Characters) |
Organization Context Aditya Birla Finance Limited (ABFL) is a lending subsidiary of Aditya Birla Capital Limited. ABFL is registered with RBI as a Systematically Important Non-Deposit accepting Non-Banking Finance Company (NBFC). ABFL is one of the top private diversified NBFCs in India.ABFL is one of the top private diversified NBFCs in India operating with several hundred of branches across India. ABFL offers end-to-end lending solutions to a diverse set of customers - Retail, HNI, MSMEs, and Mid & Large Corporates through secured as well as unsecured loan products. The diverse range of lending products includes Retail Small Ticket Secured and Unsecured Loans, Unsecured Personal Loans, Unsecured Business Loans, Health & Education Loans, Digital B2B2C and B2B2B Small Ticket Loans, Small Business Secured Loans, Loans Against Property (LAP), Lease Rental Discounting (LRD), Construction Finance (to Real Estate Developers), SME Loans, Capital Markets Loans (Loan Against Shares), Supply Chain Finance, Mid and Large Corporate Loans, and Infrastructure Finance loans. ABFL also has a Wealth Management division. ABFL is rated AAA by India Ratings, ICRA and CARE (reaffirmed in 2020). ABFL secured the ABG Business Excellence Award in 2017 (Silver), and 2015 (Bronze), and multiple other Awards on forums like CII Business Context: The Risk and Compliance function is engaged in evaluating the creditworthiness of the loan applications for CMG, CFG, SME and Mortgage lending divisions considering the quantitative & qualitative factors like ownership, size & market presence of the client business, capital adequacy, collateral quality, earnings quality, liquidity, management quality & client credibility & adherence to statutory requirements. The Risk & Compliance is engaged in formulating credit risk policies for all ABFL businesses, carries out risk assessment of credit proposals, obtains credit decisions from Credit Committees, monitors credit exposure and carries out recovery of over dues. It formulates risk policies in association with Central Risk, ABFSG for overall risk management in ABFL. Credit / Loan proposals prepared by Business Credit team are critically analyzed from credit risk perspective and the proposals along with Risk Assessment Sheet are put up to Credit Committee for approval. While carrying out critical evaluation of the credit proposal the function also carries out evaluation of the risk mitigants in the credit proposal like the nature and the quality of the collateral, adequacy of the collateral, acceptability of the collateral given the regulatory and the compliance needs. The Risk & Compliance function carries out monitoring of client wise exposure and portfolio exposure to identify early warning signals of stress and to minimize NPAs. Currently monitoring is done in association with Business Teams as RMG does not have presence at Branch level. It carries out over due loan recovery from defaulting clients in coordination with Business Teams. Job Context: The Legal department would validate the regulatory & compliance requirements for the new business initiatives and product launches, conclude the litigations raised by or against the company, establish a sound corporate governance framework, execute legal agreements and provide transactional support in the investment processes. Within Legal department, Litigation team would need to support collections team in initiating appropriate legal actions in the delinquent account in order to create avenues of early resolution and to do the things incidental to utilization of such nuances. Challenges:
|
Sr No. | Goals | Weight | Target |
1 | Goal Name:-To initiate/monitor/track effective legal actions under SARFAESI in STSL and MLAP initiated in delinquent accounts by the Company in terms of loan/investment agreements which includes end to end SARFAESI proceedings including non-vital documents retrieval from BPM portal. | 40 | To ensure effective legal actions and timely recovery of dues of Company |
2 | Goal Name:- To Draft and Vet Legal Notices, replies, Written Statements, rejoinders, etc relating to different litigations initiated by or against the Company such DRT and HC and such other court and Tribunal whereever required | 25 | To ensure correct and timely filing of all legal pleadings by the Company |
3 | Goal Name:- To update, monitor and overview SARFAESI MIS/DRT MIS/ PHYSICAL STOCK MIS and AUCTION MISof relating to STSL and MLAP and such other related litigations/Legal Proceedings. | 15 | To ensure proper and timely update of all MIS of respective Zone. |
4 | Goal Name:- To update Provakil/Credit Nirvana Software/ Share Folders on a timely manner and maintaining proper physical files for all active litigations. | 10 | To ensure proper and timely update of Provakil/Credit Nirvana Software/ share folders updation and maintaining proper physical files for all active litigations. |
5 | Goal Name:- To do Legal Research on new Regulations and Case Laws affecting the Company and any current legal actions undertaken by it. | 10 | To ensure Company is abreast with all current legal positions up to date |
6) Relationships: Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives | ||
Relationship Type | Frequency | Nature |
Internal | ||
Head - Litigation Departments and collections managers | Daily Need based | MIS, coordination for litigations & documentation Legal assistance for cases filed by or against the department |
External | ||
External advocates/law firms Statutory Authorities | Need based Periodic | Assistance in case preparations, liaising for their remuneration Audit coordination |
7) Organizational Relationships: Provide the structure for a level above and below the position for which this job description is written. Use position titles in the structured and indicate all the reports of the position. |
SIGN-OFF: Provide the name of the Manager and the jobholder. Signature needed for the hard copy of the JD. Hard copy to be maintained in the organizational record. | ||
Job Holder | Reports to (Manager) | |
Date of Entry / Approval |
Job ID: 145087695
