Urgent job opportunity for AVP-Legal one of the leading NBFC

Roles & Responsibilities:

The main area of work would involve Litigation and drafting of legal documents for extending loans. S/he will be assisted by a team of four to five persons (From Corporate Legal, Secretarial and Retail Litigation).

The detailed role and responsibilities are highlighted here under:

Litigation :

- The National role, handling litigation for the NBFC throughout India.

- Drafting and vetting of Agreements, Deeds, Settlements and consent terms

- Advising the team on the strategy to be adopted for litigation in crucial cases

- Involved in advising the Collection and Recovery teams spread over multiple locations in India

- Discussions with the legal retainers and evaluation of retainers

- Appointment and Empanelment of advocates

- Sanctioning of legal expense and professional fees of lawyers

- Monitoring of the litigation portfolio and maintaining good rate of recovery

- Crisis management in the event of arrest and adverse media campaigns against the NBFC on legal issues.

- Imparting legal training to the entire Collection / Legal team throughout India, for creating basic legal awareness.

- Liaison with Banking Regulatory Authorities like Office of Banking Ombudsman and Department of Banking Supervision, Reserve Bank of India.

- Identifying and suggesting process changes for effective legal recourse and recovery

- Management of the litigation portfolio (for and against cases) throughout India.

Secretarial and Documentation :

- Overall legal compliance

- Ensure effective and smooth organization of secretarial function, the filing of all necessary documents with respective government authorities.

- Sustained success in defending legal suits at optimum legal costs.

- Providing opinion/inputs to the Credit Underwriting Team / Management on the acceptability of the documents or deficiencies/ risks in the documents

- Providing opinion to the Credit Underwriting Team / Management on the mortgage ability of the land/property in question and the nature of mortgage to be created to secure the proposed lending

- Coordinating with various clients for collection of legal documents from them (Title documents, Plan approvals, Government approvals, SRA documents, Joint Development Agreements, Tenant Settlement Agreements, Lease Agreements, Search Reports etc.) required to be studied to get an understanding on the legality / sufficiency of approvals for the project (s) under consideration for lending opportunities.

- Drafting / Modification of various loan agreements/undertakings to secure various lending transactions

- Providing list of documents required to create valid security

- Effecting security/charge creation and execution of various loan documents.

Qualification & Experience :

- Bachelors/Masters degree in law + CS

- Minimum 15+ years of relevant work experience in a lending environment in a Bank or NBFC

Ishpreet Kaur

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