Litigations Legal is a support function to collections team which strategize and form legal process that helps in cost and time effective legal tools towards collection of dues from defaulting customers. The legal team has to have a better understanding and coordination with the collections team and have to deliver their best in terms of implementing the Legal remedies adopted by the bank in due course of time in recovering outstanding dues from the default borrowers / Co-Borrower's and Guarantor.
Job Role & Descriptions
The candidate will be responsible for using appropriate cost effective legal tools which will enable collections team to recover the dues from defaulting customer.
The job will involve in initiation of various legal actions basis customer profile and outstanding dues which in turn will support collections in early resolution of the delinquent cases. The job involves interaction/liaison with different departments, law firms, judicial and quasi-judicial authorities.
Key components of the job
- Initiating various legal action on delinquent customers as per process/policy
- Tracking of cases which are eligible for filing and how many are filed
- Tracking and monitoring cases which are filed
- Empanelment of legal vendors as and when required
- Attending court cases and other regulatory offices as and when required
- To Attend the Court proceeding as a representative of the bank under POA.
- To file the complaints / plaints and other necessary suits in all types of Courts civil or criminal of whatsoever nature.
- To depose evidence in respect of the aforementioned cases filed in various courts from time to time.
- To serve summons / BW / NBW to the respective police stations as directed by the courts on case to case basis.
- To accompany bailiff in executing the order of the Courts or taking possession of the assets etc on case to case basis.
- To co-ordinate with the advocates / agencies in respect of the matters allocated to them and to update its regular progress.
- To publish timely reports /MIS, month on month basis with the development of cases filed and pending therewith in the Courts.
- To report/inform details of any adverse orders passed against the Bank and or any cases filed against the Senior Management of the Bank
- Maintaining billing details of lawyer
Job Qualification:-
Academic qualification: Law Graduate.
Expected Grade: - Senior Manager/Manager
No of years Experience: 5 to 7 years -Mix of Court Practice & Corporate exp is preferrable
Key skills required:-
- Understanding of Banking policies and practices
- Eye for details and good learning acumen
- Good analytical, communication (verbal and written) & inter personal skills.
- Good working knowledge of MS office including MS Excel
- Zeal to succeed and must win attitude
