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1. Handle all legal matter/ practices to secure the best interests of the organization in debt recovery through SERFASEI and other legal action
2. Assist in Executing the strategies and procedures to be followed in debt recovery and maintain and prepare legal MIS for the assigned area.
3. Provide legal opinion on debt recovery, arbitration, negotiable instruments act, civil matters and criminal matters, execution of warrants.
4. Ensuring amicable resolution in against cases filed in police stations and ensuring execution of summons / bailable or non bailable warrants / awards / orders received from the courts with police help
5. Manage the recovery litigation, physical possesion , auction under arbitration and SARFAESI laws and provide proactive legal strategy for all key accounts.
6. Track all legal cases so as to ensure no slippages, visiting NPA accounts along with the collection team for faster recovery
7. Initiating appropriate legal actions in delinquent accounts against borrowers under Arbitration and Conciliation Act 1996, Negotiable instrument Act, for recovery of dues including filing criminal complaints in qualified cases and take them to logical conclusion
8. Assist the legal collections team for the implementation of a recovery agenda through deployment strategies
9. Keep abreast of all latest developments/trends in local law/best practices with respect to collections, security creation and loan documentation.
10. Proven soft skills in Excel, MS word and online legal search.
11. Basic understanding of Collection process and NPA provisioning.
12. Ability to handle Police matters and keep abreast of current laws and acts.
13. Ensure 100% adherence to Legal, Audit and Compliance norms for the department as well as policies and procedures of the company
Tata Asset Management Limited (TAM) is the Investment Manager to Tata Mutual Fund. Our origin stems from a much respected and internationally acclaimed industrial house – the Tata Group – whose business philosophy has made our country and its people partners in the wealth creation process. Our heritage invokes "trust" among consumers, employees, shareholders and the community alike. Though a great heritage is obviously something to cherish, we also seek to carry that legacy through a set of well defined and time tested globally accepted business practices. Being part of the Tata group, we are well known for our strong adherence to highest standards of ethics and fairness in all our business dealings.
TAM manages funds across the entire risk-return continuum. These include equity funds, balanced funds and debt & money market oriented funds. The company provides investment management, risk management and advisory services to institutional, intermediary and individual investors.
Job ID: 148341109
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