Details of the Organization

KreditBee is a FinTech Platform which facilitates instant personal loans to professionals, where they can avail loans up to ₹4 lakhs as per their requirement. With a strong focus on online tech-based and data-centric KYC, KreditBee envisions solving the financial inclusion gap in the varied demographic segments of the country. The platform is a Series-D funded entity, backed by Advent International, Premji Invest, Motilal Oswal Alternates, TPG-NewQuest, Mitsubishi UFJ Financial Group, ICICI Bank and Mirae Asset Venture Investments. 

Details of the Job/Internship

KreditBee is hiring for the position of Manager, Collection Legal Operations with 5+ years of experience to join them in Bengaluru office. 

Role and Responsibilities

Legal Warnings and Notices:

• Oversee the generation of soft and hard dunning notices in bulk using predefined rules and templates.
• Ensure timely and accurate dispatch of digital and physical legal notices to delinquent customers.

 Litigation and Arbitration Management:

• Identify cases suitable for arbitration or actionable under Section 138 of the Negotiable Instruments Act.
• Coordinate bulk assignment of cases to external counsel, ensuring accurate documentation and adherence to protocols.

 Court Case Tracking and Automation:

• Utilize technology to monitor legal case progress across multiple courts, focusing on updates such as next hearing dates, judgments, and order copies.
• Implement automated systems to streamline case monitoring and reduce manual intervention.

 Vendor Management and Cost Control:

• Manage vendor relationships with external legal counsel and service providers.
• Implement appropriate billing structures and monitor spends to ensure cost-effective operations.

 Regulatory Compliance and Reporting:

• Ensure all legal collection processes align with RBI guidelines and NBFC regulatory frameworks.
• Maintain strict adherence to legal standards for notice formats and dispatch timelines.
• Generate detailed reports on legal collection status, case progress, and budget utilization for senior management.

 Collection Strategy

• Develop and implement robust legal collection strategies tailored for both secured and unsecured portfolios.
• Drive recovery efforts by analyzing and categorizing delinquent accounts, implementing targeted corrective actions.
• Work closely with sales, operations, and risk teams to align recovery efforts with broader business objectives.

Eligibility

• Bachelor’s degree in Law (LLB).
• 5+ years of experience in legal operations, collections, or a similar role, preferably in the financial services or NBFC sector.
• Deep understanding of arbitration processes, Section 138 cases, and court systems in India.
• Proficiency in legal automation tools and technologies, with experience managing large-scale operations.
• Strong vendor management and negotiation skills.

Salary/Stipend

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

Type of Opportunity

Fulltime

Country

India

State

Karnataka

City

Bengaluru

Address

Bengaluru, Karnataka

Application and Registration Details

After you apply, you will receive the next steps of the application process via email. 

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For any questions or concerns, please contact us via email at: [email protected].