Head of Legal with Electronica Finance Limited (Pune)

Deadline Open Deadline

Location Pune, Maharashtra, India

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

Details of the Organization

Electronica Finance Limited (EFL) is one of the leading Non-Banking Finance Companies (NBFC) with 200+ branches across India. Incepted in the year 1990, EFL was amongst the first few NBFC’s to provide loans for Machinery purchase. Over the years, EFL has diversified into various segments catering to a large product portfolio that includes Business loans, Working Capital loans, Commercial and Residential Rooftop Solar Loans & Loan Against Property Loans in addition to their flagship product of Machinery loans.

Details of the Job/Internship

Electronica Finance Limited (EFL) is hiring a legal head with 10-15 years of experience to join them in Pune office.

Role and Responsibilities

Offer expert legal advice and opinions on litigation/non-litigation matters to the management and various departments within the organization.
Involved in advising the Collection and Recovery teams spread over multiple locations in India.
Part of the Central Legal Unit (Collection,Intelligence Cell).
Drafting and vetting of Agreements, Deeds, Settlements and consent terms.
Advising the team on the strategy to be adopted for litigation in crucial cases.
Review marketing materials and customer-facing documents to confirm compliance and mitigate legal risks.
Discussions with the legal retainers and evaluation of retainers.
Appointment and Empanelment of advocates.
Sanctioning of legal expense and professional fees of lawyers.
Monitoring of the litigation portfolio and maintaining good rate of recovery.
Crisis management in the event of arrest and adverse media campaigns against the company on legal issues.
Imparting legal training to the entire Collection / Legal team throughout India, for creating basic legal awareness.
Liaison with Banking Regulatory Authorities like Office of Banking Ombudsman and Department of Banking Supervision, Reserve Bank of India.
Identifying and suggesting process changes for effective legal recourse and recovery.
Management of the litigation portfolio (for and against cases) throughout India.
Documentation:
Providing opinion/inputs to the Credit Underwriting Team / Management on the acceptability of the documents or deficiencies/ risks in the documents.
Providing opinion to the Credit Underwriting Team / Management on the mortgage ability of the land / property in question and the nature of mortgage to be created to secure the proposed lending.
Coordinating with various clients for collection of legal documents from them (Title documents, Plan approvals, Government approvals, SRA documents, Joint Development Agreements, Tenant Settlement Agreements, Lease Agreements, Search Reports etc.) required to be studied to get an understanding on the legality / sufficiency of approvals for the project (s) under consideration for lending opportunities.
Verification/Scrutiny/Vetting of documents related mainly to Real Estate Projects under consideration for lending opportunities.
Drafting / Modification of various loan agreements / undertakings to secure various lending transactions.
Providing list of documents required to create valid mortgage /security.
Effecting security / mortgage creation / charge creation and execution of various loan documents.

Eligibility

10 - 15 years of experience as a Litigation/Non Litigation expert in a leading organization.
Work experience in Core Litigation and wide legal aspects.
Experience with full-cycle Litigation and court procedure.
Proficiency in documenting processes and keeping up with Court orders.
Excellent interpersonal and communication skills.