Job Description
About Collections & Underwriting Department:The Collection & Underwriting department focuses on the collection of the bank’s various loan products like Home Loans, Car Loans, and Personal Loans among others. While Underwriting department focuses on risk mitigation towards the loan offered to the customers. The department is key for the Loans business vertical as it is responsible for controlling & ensuring timely EMI collection & maintaining risk of the businessAbout the Role:The Legal Area Manager is responsible for supporting the legal functions required by the Collection / Recovery function of the business. They should provide complete legal support for resolution of Secured, Unsecured retail asset products (including Credit Card), SME (< Rs. 2 Crores) Collections. They are responsible for frequent interfacing with the empanelled lawyers/ Law firms and ability to manage collection processes including customer contacts for accounts on which normal collection activities have not been effective. They should ensure to build relationships with law firms/lawyer and visiting various Courts/Tribunal/DM or SDM Courts / Police Authorities Offices etc. coming under geographical area, especially high value A/cs.Key Responsibilities: Ensuring timely allocation of cases for issuance of demand notices, complaint filing etc. in accordance with the defined legal and dunning strategy gridReview and Instruct the law firms/ lawyers for the conduct of proceedings before various Courts, Arbitral tribunal, Conciliator & Lokadalat and rigorous follow ups with various law firms & brief advocates, at different stages of litigation, to be able to drive them to perform efficiently and effectivelyPrepare plan for legal collection strategies for different types and levels of exposure accounts and design new legal processes / strategies, in order to ensure better resolutionResponsible for managing attorney costs within the budget, identifying areas of cost reduction and drafting notices, demands
💡 Quick Summary
Seeking a career-building opportunity? The RB CollectionLegal Area Manager position is now open for candidates interested in the Bank Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.