Legal Collection Manager

Reporting to:               Head of Collections, VFS India

Department:                Collections

Location:                     Bangalore, Corporate Office

Job Description:

• Experience in Banking / NBFCs Retail Asset Products, specifically in Commercial vehicle and Construction equipment lending division with Legal and collection experience
• Expertise in handling cases of all nature like Civil, Criminal, Commercial, Arbitration, Vigilance, Conciliation & etc.,
• Knowledge of Collection Processes.
• Well versed with Injunctions, Specific Relief Laws, Money suits, Mortgage Suits, arbitration, Executions & Negotiable Instruments act, legal notices (Loan recall notice/ demand notices/ legal notice to default customers), Lok Adalat, and conciliation monitoring & rigorously follow up.
• Efficient in handling & initiating legal actions against fraud cases / defaulters/ insolvent clients.
• Efficient in drafting & vetting of letters & documents.
• Supporting collections team by timely and accurate initiation of relevant proceedings under Arbitration and Conciliation Act, NI Act, SARFAESI Act and Insolvency & Bankruptcy Code.
• Defending Company is consumer court, motor vehicles act and Labour matters.
• Resourceful with the ability to assess all legal issues and producing professional results while adhering to rigid guidelines with regard to countries laws and company’s policy.
• Proficient in preparing Legal Notices of all kinds, Plaints, Written statements, Writ Petitions, Appeals, Case Papers, Affidavits for legal proceedings.
• Liasoning & attending Government Departments, Courts & Police Station to ensure compliance and in crisis management.
• Effective networking skills and Vendor management (Advocates & Associate management), Empanelment and coordination with external counsel PAN India
• Interpersonal & communication skills, ready to work in cross functional teams.
• Ability to deal and interact with different levels of people and to effectively manage the advocates.
• Effective leadership skills & training & development of legal matters to the collection team members.
• Efficient around legal process and identify areas of work on process improvement on ongoing basis.
• Efficient in systems & procedure and to maintain MIS, files, and Co-ordination for Arbitration orders for delinquent customers
• Follow the legal recovery strategy and maximizing the recovery, implement the approach and set a recovery objective for the actives.
• Maintaining and updating the legal MIS on a regular basis, new legal tools and procedures are being implemented and initiate a project to reduce the legal costs.
• To account for the majority of non-performing assets (NPAs) and build bespoke solutions to maximize returns on investment
• Ensure prioritization and quick resolution of non-starter & Early default cases by quick notices
• To conduct periodical review of efforts and progress for all 90+ cases, skip and fraudulent cases
• Develop a robust operational risk/controls framework for Legal collections
• Providing detailed report in the month end about the activity planned/executed and variance with reasons and next month planning to Head of Collections
• Perform administrative duties (calendar hearings and deadlines, organise case files, manage logistics etc) 
• Maintain pleadings and discovery indexes
• Organize exhibits, documents, evidence, briefs and appendices Aid attorneys with interrogatories and other discovery requests Gather relevant information from a variety of sources
• Support collections team members in repossession process including various interim letters/notices issuing and release of good notices and Presale and Post sale notices issued in timely.

Education, Experience & Key Skills

• Law degree
• Minimum 10 years’ experience in collection legal in Banking / NBFCs Retail Asset Products, specifically in Commercial and Construction equipment lending division.
• Sound knowledge of collection /Legal expertise
• Knowledge of SARFAESI act/SEC 9 / Arbitration/Conciliation
• Team player, good negotiation skills
• Must possess exceptional communication skills that are especially important in enabling effective communication between consumers and external partners.
• Drafting reports, delivering presentations to consumers, senior management, stakeholders, and external partners
• An energetic go-getter, motivator, and creative individual with high work ethics
• Should be self-motivated, have a strong entrepreneurial spirit, be adaptable to business growth fluctuations, work comfortably and effortlessly in group settings, be a persuasive individual, thrive in a fast-paced environment, and work well under the pressure of stringent deadlines
• Proficiency in the use of MS Office applications
• Willingness to travel, High level of field connect.
• Knowledge of working in a process driven organisation
• Should be able to converse fluently in English, Hindi & Regional Languages will be added advantage.

References

Candidate should be willing to provide references, if necessary, and also consent to a reference check with his / her existing employer or any past employer.

We value your data privacy and therefore do not accept applications via mail. 

Who we are and what we believe in 
Our focus on Inclusion, Diversity, and Equity allows each of us the opportunity to bring our full authentic self to work and thrive by providing a safe and supportive environment, free of harassment and discrimination. We are committed to removing the barriers to entry, which is why we ask that even if you feel you may not meet every qualification on the job description, please apply and let us decide.

Applying to this job offers you the opportunity to join Volvo Group. Every day, across the globe, our trucks, buses, engines, construction equipment, financial services, and solutions make modern life possible. We are almost 100,000 people empowered to shape the future landscape of efficient, safe and sustainable transport solutions. Fulfilling our mission creates countless career opportunities for talents with sharp minds and passion across the group’s leading brands and entities. 

At Volvo Financial Services, we are working together to shape the world we want to live in. As the captive finance arm of the Volvo Group, VFS provides financial services and solutions that meet the needs of our customers’ evolving business. Through our dedication to innovation, we support society in its adoption of sustainable transport and equipment solutions. VFS is headquartered in Gothenburg, Sweden, and serves Volvo Group customers and dealers in more than 50 markets.