State Legal Recovery (Indore)

State Legal Recovery Manager Role Profile Role Title: State Legal Recovery Manager Designation: State Legal Recovery Manager Function: Legal Administrative Reporting: National Legal recovery Manager Functional Reporting: National Legal recovery Manager Dec 2024 Job Purpose To ensure the recovery of dues from defaulting borrowers through legal means/ Minimize losses by taking timely and effective legal action against defaulting borrowers. Ensure compliance with regulatory requirements. Page Break ROLE SPECIFICATION Role Title State Legal Recovery Manager Employee Interviewed Sargunam K Reports To National Legal recovery Manager Company Muthoot FinCorp Limited Function/Department Secured & Unsecured Lending Business / Credit Written By Samyukt, Johnson & Parthasarathi Approved By (Jobholder) Approved By (Immediate Superior) Date (Written On) 09th Dec24 ROLE SUMMARY Role will be responsible for developing and implementing effective legal recovery strategies. Empanelment of legal vendors and enforcement agencies . ORGANIZATIONAL CHART State Legal Recovery Manager KEY RESPONSIBILITIES Legal Recovery Initiate and manage legal action against defaulting borrowers, including filing suits, executing decrees and warrants for recovering dues Case & Litigation Management Oversee the management of legal cases, including reviewing and analyzing case files, developing case strategies, and ensuring timely and effective case resolution. Manage litigation efforts, including working with external counsel, reviewing and responding to legal documents, and ensuring compliance with court procedures. Recovery Operations Oversee recovery, develop recovery strategies, and ensure effective recovery of dues through executing warrants. Compliance Ensure compliance with regulatory requirements KEY CHALLENGES Technology support for Case Management KEY DECISIONS TAKEN NA KEY INTERACTIONS Internal Stakeholders External Stakeholders Collection, Sales, Operation, Credit, RCU. Legal vendors, Enforcement agencies, police Dept KEY ROLE DIMENSIONS Geographical Coverage-State No of Direct Reportees- NA Total Team Size - NA Portfolio - KEY SKILLS & BEHAVIOURAL ATTRIBUTES - Legal Knowledge in Arbitration, SARFAESI, Civil and Criminal case updation and Sec.138 of NI Act, Sec.25 of Payment and Settlement Acts with latest updates. - Having court practice knowledge EDUCATION / EXPERIENCE Minimum Qualification: Law Graduate Nature of Experience: 5-8 years of experience in legal recovery, litigation, or a related field, with a focus on LAP or mortgage finance .