Collections Legal Coordinator Job in Avanse Financial Services Ltd.

Roles & Responsibilities

Key Accountabilities
o Coordination with the Operation Team for obtaining the required documents of PAN India cases within the given TAT from bucket X onwards.
o Analyzing/Verify the documents required for initiation of legal action from X BKT onwards to expedite legal action.
o Coordinating & Retrieving SPDCs Cheques from Operation team for Banking and filing Sec. 138.
o Coordinating with the Legal vendors/advocate firms for obtaining the necessary documents (eg. Scanned copy of notices / petitions & postal records) and Legal MIS.
o Dispatch of the Legal Notices (Dunning/Passport Impounding/LRN/Pre-Sarfaesi/13(2)) etc.
o Coordination with Advocate for timely MIS and circulation thereon Master Legal MIS to internal team (Collection/Legal).
o Coordination and follow-up with Collection team for Feedback/recommendation of cases to initiate legal action.
o Ensure to provide requisite documents to Legal Managers for initiation of Legal action.
o Securitize legal notice sent by respondents/ their Advocate to Avanse and send it to respective Legal Manager for reply.

Key Responsibilities
1. Retrieval of Loan documents/SPDCs/SOA/FC report etc:
o 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.
o Ensure to get SOA and FC report from operation team and share the same with legal managers/advocate firms etc.
o Analyzing/Verify/Checking the loan documents and get this rectified through operation team in case docs are incomplete and/or unfilled.
o Compiling of files/documents, indexing and supporting documents
o Coordinating & Retrieving SPDCs Cheques from Operation team for Banking and filing Sec. 138.
2. Collection Confirmation for initiation of legal action:
o Identification of cases basis of OD file (7th, 15th and 20th of each month).
o Responsible to take recommendations from respective collection team before commencing legal action such as Dunning, LRN, PI Notice, Arbitration, Sec.138, Execution, Sarfaesi etc.
o Providing list of recommended cases to respective Legal Managers for initiation of legal action.
3. Dispatch of Legal notices:
o Ensure to take printouts legal notices on AFSL letter head and get this dispatched through Registered Post and/or served upon respondents through 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.
o Ensure to send communication in this regards to customers through e-mail under guidance of respective legal mangers/stake holders.
4. LEGAL MIS:
o Responsible to coordinate with PAN India Advocate/Advocate firms/Legal Vendors and get updated Legal MIS on regular basis.
5. Legal Communication to Borrowers/Co-Borrower/Banks etc:
o Responsible to send dunning communication/notice to individual borrower s/co-borrower s e-mail ID of PAN India cases.
o He will be responsible to serve LRN notice/interim order u/s 17 upon borrower s/co-borrower s through email etc.
o Ensure to supply Sec.17 order copy to Performa Banks (as per schedule) in order to compliance of freezing of bank accounts basis of interim order obtained from Ld. Arbitration tribunal under guidance of Legal Manager.
o Other legal communication/intimation and/or legal awareness e-mails to Borrower/Co-Borrower basis of approved draft to be provided by Legal Managers.
6. Advocate Invoice/Bills:
o Coordinating with the Legal vendors/advocate firms of PAN India and ensure to get Invoice/bills in time bond manner.
o Ensure to cross check duplication of payment, our approved payout, status of case and process the bills/invoices after obtaining necessary approval.
o Responsible timely disbursal of payment to advocate/advocate firms/legal vendor in coordination with billing team.
o Ensure to monitor legal budge and maintain case level MASTER LEGAL BILLING MIS.

Eligibility

Any Graduate