Legal Manager (Recovery & Resolution) (Sangli)

Job Title Legal Manager (Recovery & Resolution)

Department Legal Collections

 Recovery & Resolution is responsible for managing and executing

legal recovery actions for delinquent, non-performing asset (NPA),

and written-off loan accounts of the Housing Finance Company.

The role focuses on maximizing recovery through legal remedies,

enforcement actions, settlement negotiations, litigation

management, and coordination with internal stakeholders, external

advocates, recovery agencies, and regulatory authorities.

 The incumbent shall ensure compliance with applicable laws

including SARFAESI Act, DRT proceedings, Insolvency laws,

Civil and Criminal remedies, and RBI/NHB regulatory guidelines

while driving effective recovery strategies.

1. Key Responsibilities

 Recovery Management of NPA & Written-Off Accounts

 Handle recovery of defaulted housing loan, LAP (Loan Against

Property), and other secured loan accounts classified as NPAs or

written off.

 Formulate account-wise recovery strategies based on borrower

profile, security value, litigation status, and recovery feasibility.

 Monitor overdue and delinquent accounts to initiate timely legal

action.

 Ensure recovery targets are achieved through legal interventions

and negotiated settlements.

 Conduct periodic review of high-value stressed accounts and

recommend appropriate legal recovery mechanisms.

2. SARFAESI Proceedings

 Initiate and manage proceedings under the SARFAESI Act.

 Draft, vet, and issue:

 Demand Notices under Section 13(2)

 Possession Notices under Section 13(4)

 Sale Notices and Auction Notices

 Coordinate and obtain symbolic and physical possession of secured

assets.

 Liaise with advocates/agencies for obtaining Sec. 14 orders for

possession from the District Magistrate/Chief Metropolitan

Magistrate.

 Supervise property auctions and ensure compliance with statutory

timelines and procedures.

 Resolve objections/representations submitted by borrowers under

SARFAESI provisions.

3. Litigation & Court Management

 Manage litigation before:

DRT (Debt Recovery Tribunal)

DRAT

Civil Courts

High Courts

NCLT/NCLAT

Consumer Forums

Criminal Courts

 Coordinate with empaneled advocates for drafting, filing,

appearances, and follow-up of cases.

 Review legal pleadings, affidavits, written statements, rejoinders,

and petitions.

 Track case progress and maintain litigation MIS.

 Ensure timely filing of replies, evidence, and compliance

documents.

 Issue legal notices and reply to legal notices received from

customers/third parties.

4. Recovery Through Negotiation & Settlements

 Negotiate settlements, restructuring proposals, and One-Time

Settlement (OTS) arrangements with borrowers.

 Evaluate settlement proposals considering recoverability, legal risk,

and business impact.

 Facilitate execution of settlement agreements and monitor

compliance with payment schedules.

 Recommend compromise settlements for approval as per company

policy.

5. Asset Possession & Enforcement

 Coordinate and ensure repossession and enforcement actions

through authorized officers and recovery agencies.

 Ensure legal compliance during possession and auction

proceedings.

 Coordinate valuation, publication, and sale of secured assets.

 Address borrower resistance, police coordination, and enforcement

support where required.

Additional Responsibilities

 Management of fraud recovery cases

 Handling skip-tracing and difficult recovery matters

 Vendor and advocate empanelment

 Recovery policy drafting and updates

 Team management and training

 Participation in recovery camps and settlement drives

6. Coordination & Stakeholder Management

 Coordinate with:

Collections teams

Credit teams

Operations departments

External advocates

Recovery agencies

Auctioneers

Government authorities

 Provide legal guidance to branch and recovery teams on stressed

asset management.

 Support audit, vigilance, and regulatory inspections related to

recovery matters.

7. MIS & Reporting

 Prepare and present:

Recovery status reports

Litigation trackers

SARFAESI action status

Ageing analysis

Recovery forecasts

Legal recovery dashboards

 Maintain database of court cases, notices, possession status, and

auction outcomes.

 Analyze recovery trends and suggest process improvements.

 Updating the litigation details and details of all legal actions as per

the prevailing system.

Key Performance Indicators (KPIs)

 Recovery amount achieved from NPA and written-off accounts

 Resolution rate of delinquent accounts

 Number of SARFAESI actions completed

 Reduction in legal ageing of cases

 Success rate in litigation matters

 Timeliness of legal action initiation

 Settlement closure efficiency

 Compliance adherence and audit observations

Contract Duration As stated in contract

Location of Posting Pune, Chittorgarh/ Jaipur, Bengaluru/ Davangere, Hyderabad,

Vijayawada/ Vishakhapatnam, Coimbatore

Experience required

5–12 years of experience in:

Legal recovery Banking/HFC/NBFC collections litigation

SARFAESI proceedings DRT and secured asset enforcement Prior

experience in Housing Finance Company, Bank, NBFC, or ARC is a

must.

Salary Budget (Min- Upto 10 lakhs subject to maximum 30% on the current CTC. Apply on Kit Job: kitjob.in/job/4lw42l