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31 Cholamandalam Investment & Finance Jobs

Area Legal Manager

5-10 years

Bilaspur

1 vacancy

Area Legal Manager

Cholamandalam Investment & Finance

posted 17d ago

Job Role Insights

Flexible timing

Job Description

Need Skill:

  • LLB with minimum of 6 years of experience in litigation and legal collection in Home loan or Mortgage or LAP I & similar industries in commercial arbitration shall be an added advantage.
  • Excellent working knowledge of 138 NI Act, Sec 25 Settlement Act, arbitration, conciliation, Lok Adalat, CPC, CrPc, IPC etc.
  • Excellent Knowledge of local jurisdiction and good connection with authorities.
  • Excellent drafting skills for complains, FIR, written submission, application, petition, legal notices etc.
  • Procedural and working knowledge of courts, appellate forums, judicial framework, arbitrary tribunals, Lok Adalat etc.
  • The ability to perform task proactively, thoroughly, orderly and independently
  • Excellent command of Hindi and English language, both written and Spoken.

Job Description or Role and Responsibility:

  • Manage the portfolio of debt collection from legal perspective for assigned geography.
  • Follow up with delinquent cases personally, along with the collection manager, along the collection team in support of local police.
  • Support in recovery on high value NPA write off cases. Also support the collection team to collect and resolve the current bounce,
  • Responsible for setting the target of field legal work for collection making sure that weekly/ monthly target for self and team is achieved on time.
  • ensure the settlement process gets followed up as per the laid down process.
  • Guide, train, strategic and roll out approved SOP to the Law firms/ Advocate in person or by conference calls to ensure the entire information of management reaches the entire team.
  • implementing legal collection strategies at the regional and area level for efficient collection and recovery of outstating loans.
  • Controlling the cost of legal collection as per organizational thought and industry standards.
  • Prepare writes, defence, submission and other pleadings in cases filed against the company in consumer forums and commission.
  • Prepare, file, and plead cases in commercial court in pursuit of amounts owed to the company
  • Ensure Sec 138 of the NI Act, Sec 25 of the settlement Act, Arbitration and summary suit get filed as per laid down the timeline.
  • Innovate the current legal collection process in line with the best market practices.



Employment Type: Full Time, Permanent

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What people at Cholamandalam Investment & Finance are saying

3.4
 Rating based on 19 Area Legal Manager reviews

Likes

Salary and Benefits

  • Salary - Good
Dislikes

Job security is zero

  • Skill development - Bad
    +5 more
Read 19 Area Legal Manager reviews

Area Legal Manager salary at Cholamandalam Investment & Finance

reported by 82 employees
₹3.3 L/yr - ₹11 L/yr
16% less than the average Area Legal Manager Salary in India
View more details

What Cholamandalam Investment & Finance employees are saying about work life

based on 4.2k employees
52%
80%
57%
99%
Flexible timing
Monday to Saturday
Within city
Day Shift
View more insights

Cholamandalam Investment & Finance Benefits

Health Insurance
Job Training
Soft Skill Training
Team Outings
Work From Home
Free Transport +6 more
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