Zonal Manager - Retail Legal & Remedial - Housing - Legal and Remedial - Mumbai - Lodha (I-Think Techno Campus) - MM

"Core Responsibilities:

o Handle legal matters for collections in the assigned region state by working along with Zonal collection teams to recover dues from chronic NPA cases through legal intervention.
o Provide assistance, advice and guidance to the Zonal collections team by identifying and empaneling with competent law firms/ lawyers in the region.
o Handle all legal, SARFAESI & compliance matters of the company and co-ordinate with external vendors/agencies for execution of different stage of SARFAESI Act.
o Maintain and safe guard collaterals which are in the company’s possession post surrender or repossession after due adherence of norms under SARFAESI Act.
o Co-ordinate with enforcement agencies and local police while taking physical possession of mortgaged property and ensure effective steps are taken in furtherance of the cases to get them resolved within the legal framework as advised.
o Arrange or look out for buyers for the property against which auction notice has been published and/or private treaty towards closure of accounts under SARFAESI.
o Manage portfolio movement and control loss by ensuring that the NPA's are kept at minimum trigger levels and reducing NPA through legal tools and compliance within set timelines
o Keep track of the progress of all the cases filed by the company in the Zonal ensure timely circulation of legal MIS on all FOR and AGAINST cases
o Act as pivot to ensure effective interdepartmental communication with operations, credit and sales functions
o Lead and supervise the legal collections team for the implementation of a recovery agenda through appropriate training, motivation and deployment strategies
o Keep abreast of all latest developments/trends in local law/best practices with respect to collections, security creation and loan documentation.
o Ensure compliance to all Audit / NHB /IRB regulations as well as policies and procedures of the company."