Vice President Legal Recovery

India·MumbaiFull-timeexecutive

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~1 min read

15+ years of experience in Legal Recovery, Collections Legal, or Litigation.
Prior experience with a Bank, NBFC, or Housing Finance Company is preferred.
Strong experience in secured lending, particularly Home Loans, Mortgage Business Loans (MBL), and Loan Against Property (LAP).
Extensive hands-on experience in NPA resolution, recovery litigation, and enforcement of secured assets.
Strong understanding of the SARFAESI Act, DRT/DRAT proceedings, Section 138 of the NI Act, Civil and Criminal Laws, and Consumer Laws.
Experience handling possession, auction, and enforcement-related matters.
Proven experience managing large-scale litigation portfolios and external law firms/panel advocates.
Experience managing Pan-India legal recovery operations.
Demonstrated ability to lead and manage legal recovery teams.

~1 min read

Lead the end-to-end legal recovery function for secured loan portfolios, primarily Home Loans, MBL, and LAP.
Develop and implement legal recovery strategies for delinquent, stressed, and Non-Performing Asset (NPA) accounts.
Drive recovery through appropriate legal and enforcement mechanisms for secured assets.
Manage the complete legal recovery lifecycle, including pre-litigation notices, demand notices, possession proceedings, litigation, execution, and closure.
Drive timely NPA resolution through legal intervention, settlements, enforcement, and the sale of secured assets.
Work closely with Collections and Credit teams to identify and prioritize high-value and legally recoverable accounts.

Manage and monitor SARFAESI proceedings, including notice issuance, possession, assistance from authorities, and subsequent recovery actions.
Oversee DRT, DRAT, and other court proceedings relating to secured loan recovery.
Handle possession, auction, enforcement, and execution-related matters.
Review and oversee legal notices, summons, warrants, possession proceedings, execution petitions, and recovery documentation.
Monitor litigation and enforcement cases to ensure timely progress and resolution.
Handle customer disputes, consumer complaints, and litigation arising from recovery and enforcement activities.

Manage law firms, panel advocates, legal vendors, and external recovery partners across India.
Review and vet legal documents, pleadings, notices, agreements, affidavits, and recovery-related documentation.
Conduct regular performance reviews and legal audits of external law firms and recovery partners.
Coordinate with courts, DRTs, DRATs, government authorities, police authorities, and other statutory bodies wherever required.
Collaborate with Business, Collections, Credit, Risk, Compliance, and Operations teams on high-risk and chronic delinquency accounts.

Drive NPA resolution and recovery targets through effective legal recovery strategies.
Prepare and monitor MIS reports and dashboards covering litigation status, recovery performance, ageing, case movement, possession status, and legal recovery outcomes.
Conduct regular reviews with senior management and provide updates on legal recovery, NPA resolution, and litigation performance.
Ensure compliance with RBI guidelines, regulatory requirements, internal policies, and applicable legal standards.
Identify process gaps and implement SOPs, controls, and process improvements to enhance legal recovery efficiency.
Ensure appropriate monitoring and governance of legal recovery activities across all regions.

Lead, mentor, and develop the legal recovery team.
Establish performance metrics and ensure achievement of defined recovery and litigation KPIs.
Drive accountability, operational efficiency, and consistent execution of legal recovery strategies across India.