Lawsikho

Deadline Open Deadline

Location Kolkata,West Bengal

Salary Salary details will be finalized during the interview process with the selected candidate.

Details of the Organization

Avanse Financial Services Limited is a new-age, education-focused NBFC on a mission to provide seamless and affordable education financing for every deserving Indian student. Established in 2013, Avanse is on a journey to strengthen its leadership position in education lending by creating solutions for individuals (education loans) and Indian institutions (education infrastructure financing) by providing solutions to every segment of the Indian education sector, covering school education to post-graduation, while also contributing to building the education infrastructure in the country.

Warburg Pincus, a leading global private equity firm, holds a 70.05 percent equity stake in them, and Kedaara, an Indian equity firm, holds a 12.44 percent stake in them. The International Finance Corporation (IFC), an arm of the World Bank, holds a 17.51 percent equity stake in them.

Details of the Job/Internship

Avanse Financial Services Ltd. is hiring for the position of Corporate Legal Manager with 1-3 years of experience to join their office in Kolkata.

Role and Responsibilities

Retrieval of Loan documents/SPDCs/SOA/FC report.
Coordination with the Operation Team for obtaining required loan documents of PAN India cases from bucket x onwards and supply the same to Legal managers after due diligence.
Ensure to get SOA and FC reports from the operation team and share the same with legal managers/advocate firms etc.
Analyzing/Verify/Checking the loan documents and getting this rectified through the operation team in case docs are incomplete and/or unfilled.
Compiling of files/documents, indexing, and supporting documents.
Coordinating & Retrieving SPDCs Cheques from the Operation team for Banking and filing Sec. 138.
Identification of cases based of OD file (7th, 15th, and 20th of each month).
Responsible for taking recommendations from respective collection team before commencing legal action such as Dunning, LRN, PI Notice, Arbitration, Sec.138, Execution, Sarfaesi etc.
Providing list of recommended cases to respective Legal Managers for initiation of legal action.
Ensure to get deviation approval from Head Collection, if any.
Ensure to take printouts of legal notices on AFSL letterhead and get this dispatched through Registered Post and/or served upon respondents electronically/digitally such as Dunning Notice, PI Notice, Loan Recall Notice, Sec.17 Order, Pre-SARFAESI Notice, 13(2) Notice, 13(4) notice, Reply to Advocate/Customer notices etc.
Ensure to send a communication in this regards to customers through e-mail under the guidance of respective legal managers/stakeholders.
Responsible to get scanned copies of legal notices, petition copies, postal records/dispatch proof from Advocate/Advocate firms/Legal vendors.
Responsible for coordinating with PAN India Advocate/Advocate firms/Legal Vendors and get updated Legal MIS on regular basis.
Ensure to update legal developments in MASTER LEGAL MIS on real time basis.
Responsible to update Legal MIS and circulate to Pan India Collection/Legal team members on weekly basis.
Responsible for sending dunning communication/notice to individual borrowers’/co-borrowers' e-mail IDs of PAN India cases.
He will be responsible for serving LRN notice/interim order u/s 17 upon borrower’s/co-borrower’s through email etc.
Ensure to supply Sec.17 order copy to Performa Banks (as per schedule) in order to compliance of the freezing of bank accounts basis of the interim order obtained from Ld. Arbitration tribunal under the guidance of Legal Manager.
Other legal communication/intimation and/or legal awareness e-mails to Borrower/Co-Borrower basis of the approved draft to be provided by Legal Managers.
Coordinating with the Legal vendors/advocate firms of PAN India and ensuring to get Invoices/bills in a time bond manner.
Ensure to cross check duplication of payment, our approved payout, the status of the case and process the bills/invoices after obtaining necessary approval.
Responsible for timely disbursal of payment to advocate/advocate firms/legal vendors in coordination with the billing team.
Ensure to monitor legal budget and maintain case level MASTER LEGAL BILLING MIS.