Job Description

Recovery Management:

• Lead and manage all recovery activities to minimize delinquency and achieve timely recoveries of overdue accounts in the commercial vehicle portfolio.
• Devise and implement strategic recovery actions in line with regulatory guidelines and company policies.
• Oversee negotiations, settlements, and restructuring of delinquent accounts as necessary.

Legal Proceedings and Litigation:

• Handle cases under the SARFAESI Act, Arbitration Act, and other relevant laws for recovery.
• Coordinate with external legal counsel to file suits, handle litigation, and manage other legal actions required for recovery.
• Represent the company in court proceedings, arbitration, and other legal forums as needed.

Documentation and Compliance:

• Ensure all documentation related to recovery, legal notices, and repossession is accurate and legally sound.
• Maintain records of legal proceedings, court orders, judgments, and other legal documents.
• Conduct periodic audits of recovery-related legal documentation to ensure compliance with internal and external regulatory requirements.

Stakeholder Collaboration:

• Work closely with internal teams, such as credit, collections, and operations, to streamline recovery processes.
• Liaise with law enforcement agencies and other external agencies for asset repossession and recovery activities.
• Provide guidance to the collections team on legal matters and educate them on legal best practices.

Risk Assessment and Mitigation:

• Identify potential legal risks in the recovery processes and develop risk mitigation strategies.
• Proactively advise management on any legal risks associated with recovery actions and propose alternative approaches if necessary.

Talent Leads Consultants