Legal Manager (Recovery & Resolution)

Job Title Legal Manager (Recovery & Resolution) Department Legal Collections  Recovery & Resolution is responsible for managing and executing legal recovery actions for delinquent, non-performing asset (NPA), and written-off loan accounts of the Housing Finance Company. The role focuses on maximizing recovery through legal remedies, enforcement actions, settlement negotiations, litigation management, and coordination with internal stakeholders, external advocates, recovery agencies, and regulatory authorities.  The incumbent shall ensure compliance with applicable laws including SARFAESI Act, DRT proceedings, Insolvency laws, Civil and Criminal remedies, and RBI/NHB regulatory guidelines while driving effective recovery strategies. 1. Key Responsibilities  Recovery Management of NPA & Written-Off Accounts  Handle recovery of defaulted housing loan, LAP (Loan Against Property), and other secured loan accounts classified as NPAs or written off.  Formulate account-wise recovery strategies based on borrower profile, security value, litigation status, and recovery feasibility.  Monitor overdue and delinquent accounts to initiate timely legal action.  Ensure recovery targets are achieved through legal interventions and negotiated settlements.  Conduct periodic review of high-value stressed accounts and recommend appropriate legal recovery mechanisms. 2. SARFAESI Proceedings  Initiate and manage proceedings under the SARFAESI Act.  Draft, vet, and issue:  Demand Notices under Section 13(2)  Possession Notices under Section 13(4)  Sale Notices and Auction Notices  Coordinate and obtain symbolic and physical possession of secured assets.  Liaise with advocates/agencies for obtaining Sec. 14 orders for possession from the District Magistrate/Chief Metropolitan Magistrate.  Supervise property auctions and ensure compliance with statutory timelines and procedures.  Resolve objections/representations submitted by borrowers under SARFAESI provisions. 3. Litigation & Court Management  Manage litigation before: DRT (Debt Recovery Tribunal) DRAT Civil Courts High Courts NCLT/NCLAT Consumer Forums Criminal Courts  Coordinate with empaneled advocates for drafting, filing, appearances, and follow-up of cases.  Review legal pleadings, affidavits, written statements, rejoinders, and petitions.  Track case progress and maintain litigation MIS.  Ensure timely filing of replies, evidence, and compliance documents.  Issue legal notices and reply to legal notices received from customers/third parties. 4. Recovery Through Negotiation & Settlements  Negotiate settlements, restructuring proposals, and One-Time Settlement (OTS) arrangements with borrowers.  Evaluate settlement proposals considering recoverability, legal risk, and business impact.  Facilitate execution of settlement agreements and monitor compliance with payment schedules.  Recommend compromise settlements for approval as per company policy. 5. Asset Possession & Enforcement  Coordinate and ensure repossession and enforcement actions through authorized officers and recovery agencies.  Ensure legal compliance during possession and auction proceedings.  Coordinate valuation, publication, and sale of secured assets.  Address borrower resistance, police coordination, and enforcement support where required. Additional Responsibilities  Management of fraud recovery cases  Handling skip-tracing and difficult recovery matters  Vendor and advocate empanelment  Recovery policy drafting and updates  Team management and training  Participation in recovery camps and settlement drives 6. Coordination & Stakeholder Management  Coordinate with: Collections teams Credit teams Operations departments External advocates Recovery agencies Auctioneers Government authorities  Provide legal guidance to branch and recovery teams on stressed asset management.  Support audit, vigilance, and regulatory inspections related to recovery matters. 7.

MIS & Reporting  Prepare and present: Recovery status reports Litigation trackers SARFAESI action status Ageing analysis Recovery forecasts Legal recovery dashboards  Maintain database of court cases, notices, possession status, and auction outcomes.  Analyze recovery trends and suggest process improvements.  Updating the litigation details and details of all legal actions as per the prevailing system. Key Performance Indicators (KPIs)  Recovery amount achieved from NPA and written-off accounts  Resolution rate of delinquent accounts  Number of SARFAESI actions completed  Reduction in legal ageing of cases  Success rate in litigation matters  Timeliness of legal action initiation  Settlement closure efficiency  Compliance adherence and audit observations Contract Duration As stated in contract Location of Posting Pune, Chittorgarh/ Jaipur, Bengaluru/ Davangere, Hyderabad, Vijayawada/ Vishakhapatnam, Coimbatore Experience required 5–12 years of experience in: Legal recovery Banking/HFC/NBFC collections litigation SARFAESI proceedings DRT and secured asset enforcement Prior experience in Housing Finance Company, Bank, NBFC, or ARC is a must. Salary Budget (Min- Upto 10 lakhs subject to maximum 30% on the current CTC.