Role Profile
Role Title: National Legal Recovery Manager
Designation: National Legal Recovery Manager
Function: Legal
Administrative Reporting: CBO
Functional Reporting: CBO
Dec 2024
Job Purpose:
To ensure the recovery of dues from defaulting borrowers through legal means/ Minimize losses by taking timely and effective legal action against defaulting borrowers. Ensure compliance with regulatory requirements.
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ROLE SPECIFICATION
Role Title
National Legal Recovery Manager
Employee Interviewed
Reports To
CBO
Company
Muthoot FinCorp Limited
Function/Department
Secured & Unsecured Lending Business / Legal
Written By
Samyukt
Approved By (Jobholder)
Approved By (Immediate Superior)
Date (Written On)
09th Dec’24
ROLE SUMMARY
The National Legal Recovery Manager will lead legal recovery operations across India and drive end-to-end recovery actions under SARFAESI, Section 138 of the Negotiable Instruments Act, Arbitration proceedings, and Execution Petitions (EP) for decree enforcement.
The role requires robust litigation oversight, legal vendor management, and close coordination with collections teams to maximize recovery from NPA and overdue accounts.
Role will be responsible for developing and implementing effective legal recovery strategies. Empanelment of legal vendors and enforcement agencies.
ORGANIZATIONAL CHART
KEY RESPONSIBILITIES
Legal Recovery & Enforcement Strategy
- Classify NPA accounts for legal recovery through SARFAESI, Arbitration, Section 138 proceedings, Civil/Criminal actions, or Execution Petitions based on exposure and case profile.
- Develop and implement legal recovery strategies aligned with collection and resolution objectives.
- Drive faster legal closures and cost-effective recovery outcomes across portfolios.
- Manage and monitor SARFAESI portfolio worth approximately ?465-470 Crore and Arbitration/Section 25 portfolio worth approximately ?195 Crore.
Team Management
Managing the State leg
📌 National Legal Recovery Manager (Chennai)
🏢 Muthoot Fincorp
📍 Chennai
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