Leads Pan-India legal recovery for secured lending portfolios, including home loans, mortgage business loans, and loans against property. Develops recovery strategies, manages SARFAESI, DRT/DRAT, civil, arbitration, consumer, and NI Act proceedings, drives NPA resolution, and oversees possession, auction, enforcement, and litigation. Manages external law firms, regulatory compliance, reporting, stakeholder coordination, and legal recovery teams across India.
This role is for one of Weekday’s clients
Salary range: Rs 4000000 - Rs 6000000 (ie INR 40 - 60 LPA)
Min Experience: 15+ years
Location: Mumbai
JobType: full-time
We are looking for an experienced Vice President – Legal Recovery to lead the Pan-India legal recovery function for a secured lending portfolio, primarily covering Home Loans, Mortgage Business Loans (MBL), and Loan Against Property (LAP).
The role will be responsible for developing and executing legal recovery strategies, managing litigation and enforcement proceedings, driving NPA resolution, and facilitating the recovery of secured assets. The ideal candidate must have strong hands-on litigation experience and a proven track record of resolving stressed and delinquent accounts through effective legal interventions.
The position will work closely with Collections, Credit, Risk, Business, Compliance, and Operations teams, along with external legal partners, to maximize recovery outcomes and minimize credit losses.
RequirementsKey Responsibilities1. Legal Recovery Strategy and Execution
- Lead the end-to-end legal recovery function for secured loan portfolios, primarily Home Loans, MBL, and LAP.
- Develop and implement legal recovery strategies for delinquent, stressed, and Non-Performing Asset (NPA) accounts.
- Drive recovery through appropriate legal and enforcement mechanisms for secured assets.
- Manage the complete legal recovery lifecycle, including pre-litigation notices, demand notices, possession proceedings, litigation, execution, and closure.
- Drive timely NPA resolution through legal intervention, settlements, enforcement, and the sale of secured assets.
- Work closely with Collections and Credit teams to identify and prioritize high-value and legally recoverable accounts.
- Handle legal proceedings under applicable laws, including:
- SARFAESI Act
- DRT/DRAT proceedings
- Civil proceedings
- Arbitration
- Section 138 of the Negotiable Instruments (NI) Act
- Consumer-related matters
- Manage and monitor SARFAESI proceedings, including notice issuance, possession, assistance from authorities, and subsequent recovery actions.
- Oversee DRT, DRAT, and other court proceedings relating to secured loan recovery.
- Handle possession, auction, enforcement, and execution-related matters.
- Review and oversee legal notices, summons, warrants, possession proceedings, execution petitions, and recovery documentation.
- Monitor litigation and enforcement cases to ensure timely progress and resolution.
- Handle customer disputes, consumer complaints, and litigation arising from recovery and enforcement activities.
- Manage law firms, panel advocates, legal vendors, and external recovery partners across India.
- Review and vet legal documents, pleadings, notices, agreements, affidavits, and recovery-related documentation.
- Conduct regular performance reviews and legal audits of external law firms and recovery partners.
- Coordinate with courts, DRTs, DRATs, government authorities, police authorities, and other statutory bodies wherever required.
- Collaborate with Business, Collections, Credit, Risk, Compliance, and Operations teams on high-risk and chronic delinquency accounts.
- Drive NPA resolution and recovery targets through effective legal recovery strategies.
- Prepare and monitor MIS reports and dashboards covering litigation status, recovery performance, ageing, case movement, possession status, and legal recovery outcomes.
- Conduct regular reviews with senior management and provide updates on legal recovery, NPA resolution, and litigation performance.
- Ensure compliance with RBI guidelines, regulatory requirements, internal policies, and applicable legal standards.
- Identify process gaps and implement SOPs, controls, and process improvements to enhance legal recovery efficiency.
- Ensure appropriate monitoring and governance of legal recovery activities across all regions.
- Lead, mentor, and develop the legal recovery team.
- Establish performance metrics and ensure achievement of defined recovery and litigation KPIs.
- Drive accountability, operational efficiency, and consistent execution of legal recovery strategies across India.
- 15+ years of experience in Legal Recovery, Collections Legal, or Litigation.
- Prior experience with a Bank, NBFC, or Housing Finance Company is preferred.
- Strong experience in secured lending, particularly Home Loans, Mortgage Business Loans (MBL), and Loan Against Property (LAP).
- Extensive hands-on experience in NPA resolution, recovery litigation, and enforcement of secured assets.
- Strong understanding of the SARFAESI Act, DRT/DRAT proceedings, Section 138 of the NI Act, Civil and Criminal Laws, and Consumer Laws.
- Experience handling possession, auction, and enforcement-related matters.
- Proven experience managing large-scale litigation portfolios and external law firms/panel advocates.
- Experience managing Pan-India legal recovery operations.
- Demonstrated ability to lead and manage legal recovery teams.
- Legal Recovery
- Litigation Management
- Secured Loans
- NPA Resolution
- SARFAESI Act
- DRT/DRAT Proceedings
- Legal Enforcement
- Enforcement Proceedings
- Secured Asset Recovery
- Possession and Auction
- Stakeholder Management
- Law Firm Management
- Regulatory Compliance
- Team Leadership
- LL.B. / LL.M. from a recognized university.
- Designation: Vice President – Legal Recovery
- Function: Legal & Collections / Recovery
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