Legal Collection Manager with Volvo Financial Services, Bengaluru

Deadline Open Deadline

Location Bengaluru, Karnataka, India

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

Details of the Organization

Volvo Financial Services is the global finance arm of the Volvo Group, one of the world's leading manufacturers of trucks, buses, construction equipment, and marine and industrial engines. Volvo Financial Services supports the Volvo Group's brands with a full range of offerings to customers and dealers, including financing, leasing, and insurance solutions.

Details of the Job/Internship

Volvo Financial Services is hiring for Legal Collection Manager to work at the Bangalore Location.

Role and Responsibilities

Experience in Banking/NBFCs Retail Asset Products, specifically in the Commercial Vehicle and Construction equipment lending division with Legal and collection experience
Expertise in handling cases of all natures like Civil, Criminal, Commercial, Arbitration, Vigilance, Conciliation,& etc.,
Knowledge of Collection Processes.
Well-versed with Injunctions, Specific Relief Laws, Money suits, Mortgage Suits, arbitration, Executions & Negotiable Instruments act, legal notices (Loan recall notice/demand notices/ legal notice to default customers), Lok Adalat, and conciliation monitoring & rigorously follow up.
Efficient in handling & initiating legal actions against fraud cases/defaulters/ insolvent clients.
Efficient in drafting & vetting of letters & documents.
Supporting collections team by timely and accurate initiation of relevant proceedings under the Arbitration and Conciliation Act, NI Act, SARFAESI Act, and Insolvency & Bankruptcy Code.
Defending Company is consumer court, Motor Vehicles Act, and Labour matters.
Resourceful with the ability to assess all legal issues and produce professional results while adhering to rigid guidelines about countries' laws and companies ' policies.
Proficient in preparing Legal Notices of all kinds, complaints, Written statements, writ petitions, Appeals, Case Papers, and Affidavits for legal proceedings.
Liasoning & attending Government Departments, Courts & Police Station to ensure compliance and crisis management.
Effective networking skills and Vendor management (Advocates & Associate management), Empanelment, and coordination with external counsel PAN India
Interpersonal & communication skills, ready to work in cross-functional teams.
Ability to deal and interact with different levels of people and to effectively manage the advocates.
Effective leadership skills & training & development of legal matters to the collection team members.
Efficient around legal process and identify areas of work on process improvement on an ongoing basis.
Efficient in systems & procedures and maintaining MIS, files, and Co-ordination for Arbitration orders for delinquent customers
Follow the legal recovery strategy and maximize the recovery, implement the approach, and set a recovery objective for the actives.
Maintaining and updating the legal MIS regularly, new legal tools and procedures are being implemented, and a project to reduce the legal costs.
To account for the majority of non-performing assets (NPAs) and build bespoke solutions to maximize returns on investment
Ensure prioritization and quick resolution of non-starter & Early default cases by quick notices.
To conduct a periodical review of efforts and progress for all 90+ cases, skip and fraudulent cases
Develop a robust operational risk/controls framework for Legal collections
Providing detailed report at the month's end about the activity planned/executed and variance with reasons and next month's planning to Head of Collections
Perform administrative duties (calendar hearings and deadlines, organize case files, manage logistics, etc)
Maintain pleadings and discovery indexes
Organize exhibits, documents, evidence, briefs, and appendices Aid attorneys with interrogatories and other discovery requests Gather relevant information from a variety of sources
Support collections team members the in repossession process including various interim letters/notices issuing and release of good notices and Presale and post-sale notices issued in a timely.

Eligibility

Law degree
Minimum 10 years’ experience in collection legal in Banking / NBFCs Retail Asset Products, specifically in Commercial and Construction equipment lending division.
Sound knowledge of collection /Legal expertise
Knowledge of SARFAESI act/SEC 9 / Arbitration/Conciliation
Team player, good negotiation skills
Must possess exceptional communication skills that are especially important in enabling effective communication between consumers and external partners.
Drafting reports, delivering presentations to consumers, senior management, stakeholders and external partners
An energetic go-getter, motivator and creative individual with high work ethics
Should be self-motivated, have a strong entrepreneurial spirit, be adaptable to business growth fluctuations, work comfortably and effortlessly in group settings, be a persuasive individual, thrive in a fast-paced environment, and work well under the pressure of stringent deadlines

Skills:

Proficiency in the use of MS Office applications
Willingness to travel, High level of field connect.
Knowledge of working in a process driven organisation
Should be able to converse fluently in English, Hindi & Regional Languages will be added advantage.