Area Manager - Underwriting

Legal Manager will be responsible to Monitor the day to day Legal reports of sanctioned cases across State , review the Legal process/report and Vendor management.
1. Work along with Business teams to ensure proper formulation, fitment, structuring, pricing and execution of transactions based on specific requirements, Policy framework.
2. Review the Legal process periodically and define process as per Market Standard, available resources and branch requirements
3. Identify fraudulent practices and mitigate risk through changes in policy and process and formulate and manage the legal evaluation process in the Hub region.
4. Empaneling Approved Lawyers in all the secured business operative locations. Check and Facilitate / Provide reports regarding Legal aspects of the property & Quality framework. Check legal vendor rates as per industry standards.
5. Review of vendor rates periodically
6. Addressing the queries raised by lawyers (Full Legal and Vetting) / Coordinate with the BFL team for providing reports (TSR and Fast Track - with the help of EC {Either online or manual EC})by seeking additional documents, if any.
7. Coordinating and facilitate for monthly bills payments for all Legal vendors
8. Ensuring compliance of the Collateral Policy and processes within TAT and closely monitoring the Location vendors.
9. Mandatory pre disbursal checks to be done for smoothen the disbursement process. Getting corrections in vendor legal reports wherever applicable. To co-ordinate with Central Ops to clear any discrepancy.
10. Post disbursement PDD Management by early resolution by collecting required documents, Drafting RMODT documents - coordinating for RMODT at SROs and End to monitoring of BT process and closing the open PDDs in the system.
11. Travel periodically to the operative locations, interact with vendors, PDAV (Post disbursement Asset verification) of prescribed % of sample size, providing market feedback to all the stake holders for changing / modifying existing policies and processes.
12. Ensuring market updates on regular basis. Training and guiding Credit Managers as well as Business team regarding Legal updates in market.
13. Decisioning Legal deviations within their authority
14. Conducting legal audit as per defined Audit framework which is around 10% of disbursed cases Key Decisions / Dimensions
1. Legal Deviation as per policy & as per Mortgage Legal standard Major Challenges
TAT Should be Maintained without compromising in quality of report by vendors

Required Qualifications and Experience
a) Qualifications
1. Minimum Qualification: Graduation+ LLB with Finance Industry Experience
2. Knowledge of Mortgage Legal as per law standards
b) Work Experience
1. Minimum 3-4 years of experience, Should ideally come from a Legal background.