Legal Recovery Specialist

Role & responsibilities :

• Implementing recovery objectives, managing legal processes, and fostering relationships with legal entities.
• Follow the legal recovery strategy and assist collections teams to enhance regional recovery efforts.
• Implement recovery objectives for active cases and maintain up-to-date legal MIS regularly.
• Maintaining proper tracker of the cases filed by the company against various legal proceedings
• Drafting legal notices, replies & various other legal communications
• Knowledge on various litigation procedures like : SARFAESI, SEC-138, Arbitration, executions & civil / criminal cases .
• Customer visits for stressed / chronic borrowers for legal recovery, execution of Sec14 required.
• To appear before the courts, tribunals to defend the cases which are filed
• Collaborate with law enforcement and courts to ensure timely payment of dues in the region.
• Utilize legal mechanisms, including Section 138 notices, legal notices, Lok Adalat, and conciliation, for effective recovery.
• Manage the region's lawsuit database and implement new legal tools and procedures.
• Initiate projects aimed at reducing legal costs in the region.
• Ensure all case files are well-documented and adhere to established procedures.
• Maintain positive relationships with solicitors in the region.
• Address non-performing assets (NPAs) by developing tailored solutions to maximize returns on investment.