Udaan - Legal Role - Recovery & Compliance - LLB

Legal Recovery and Compliance

About udaan:

- udaan is a B2B ecommerce platform that brings traders, wholesalers, distributors, retailers, and manufacturers in India on to a single platform. Our goal is to make 'doing business' easy in India & make B2B commerce convenient and efficient.

- udaan Capital is the NBFC arm of udaan & offers credit services to buyers and sellers on and off udaan's B2B ecommerce platform to grow their business further. This space is largely untapped with less than 10% of MSMEs having access to working capital loans from financial institutions. In this way, udaan is uniquely positioned to formalize &scale trade credit.

Role Description:

Function: Credit

Sub Function: Legal & Compliance

Location: Bangalore

Reports to: Head Collections

Team Composition: Team Lead - Recovery and Compliance

Travel Frequency: Low

Job Responsibilities:

- Supervise proceedings for payments and settlement, Arbitration proceedings and drafting of complaints, petitions, etc. for quick movement of cases

- Supervise Independently draft responses to notices received from customers/advocates/borrowers'/enforcement agencies

- Supervise Maintaining MIS and track movement of cases/complaints for fast resolution

- Liaising with different teams in case of any Dispute / Fraud/reconciliation error post-initiation of any legal action

- Analyze trends and suggest cost efficiency

KRAs & KPIs of the role:

- Timely initiation of legal proceedings for recovery

- Quick resolution of cases/complaints

- Great Interpersonal Skills with ability to work cross functional

Functional Competencies:

Technical Knowledge:

- Initiating proceedings under Sec 138 of NI Act 1881, Sec. 25 of Payment & Settlement Act 2007

- Filing application under Sec. 17 for interim relief and enforcement of award under Sec. 36 to effect recovery

- Drafting response to Customer Notices within time

- Conducting Conciliation/Lokadalat proceedings PAN India level.

Drafting Skills: Drafting of complaints/petitions/complaints etc. for quick movement of cases.

- Vendor Management: Identifying vendors to stabilize cost of operations and ensuring regular and timely payment to vendors.

- Stakeholder Management: Coordinating and working different teams to achieve results

- Data Reporting: Analysing data, maintaining MIS and updating legal database regularly

Candidate Profile:

- Law Graduate with minimum 10 years of work experience in the field of Litigation/Recovery for Banks/NBFC/Other Financial Institutions

- Must have led a team of lawyers

- Must have experience in RBI Compliance and eye for detail

- Must have excellent drafting and communication skills

- Should be proficient in MS Office Tools