Area Legal Manager Full Time

Business

Financial Services

Unit

Aditya Birla Finance Ltd.

Location

Mumbai

Poornata Position Number of the job

Reports to: Poornata Position Number

Poornata Position Title of the job

Area Legal Manager

Reports to: Poornata Position Title

Regional Legal Manager

Function

Risk, Management & Compliance

Reports to: Function

Risk, Management & Compliance

Department

Risk & Legal & Collections

Reports to: Department

Risk & Legal & Collections

Designation Of The Employee

Area Legal Manager

Manager’s Designation

Regional Legal Manager

Date of writing/ Updation of JD

30 Jan 2023

• Job Purpose: Write the purpose for which the job exists (in 2-3 lines) ( Max 1325 Characters)

To execute the strategies adopted by the Legal team effectively and (a) Facilitate recovery of outstanding amounts from the customers. (b) Protect & defend in cases filed against the company/employees. (c) Maintain detailed MIS. (d) Co-Ordination with Law Firms/Advocates on Regular Basis, (e) Discussion with RLM and strategies for monthly case filling and recovery .

• Dimensions: Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job.

Skills

A good command over the Field Execution

Good working knowledge on laws relating to banking, SARFEASI, Arbitration, IBC, Negotiable instruments, contract act, etc…

Good drafting skills

• Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section ( (Max 3975 Characters)

Organization Context

Aditya Birla Finance Limited (“ABFL”) is a lending subsidiary of Aditya Birla Capital Limited. ABFL is registered with RBI as a Systematically Important Non-Deposit accepting Non-Banking Finance Company (NBFC). ABFL is one of the top private diversified NBFCs in India. As of 31-Dec’20, ABFL has a pan-India presence with 91 branches and a lending book of Rs. 45,560 Crores.

ABFL offers end-to-end lending solutions to a diverse set of customers – Retail, HNI, MSMEs, and Mid & Large Corporates through secured as well as unsecured loan products. The diverse range of lending products includes Retail Small Ticket Secured and Unsecured Loans, Unsecured Personal Loans, Unsecured Business Loans, Health & Education Loans, Digital B2B2C and B2B2B Small Ticket Loans, Small Business Secured Loans, Loans Against Property (LAP), Lease Rental Discounting (LRD), Construction Finance (to Real Estate Developers), SME Loans, Capital Markets Loans (Loan Against Shares), Supply Chain Finance, Mid and Large Corporate Loans, and Infrastructure Finance loans. ABFL also has a Wealth Management division.

ABFL is rated “AAA” by India Ratings, ICRA and CARE (reaffirmed in 2020). ABFL secured the ABG Business Excellence Award in 2017 (Silver), and 2015 (Bronze), and multiple other Awards on forums like CII.

Job Context

The Legal department would validate the regulatory & compliance requirements for the new business initiatives and product launches, conclude the litigations raised by or against the company, establish a sound corporate governance framework, execute legal agreements and provide transactional support in the investment processes.

State / Area Legal Manager is responsible for providing assistance for all legal requirements of the organization pertaining to the litigation aspect. He/ she would provide complete assistance to the Regional Legal Manager. This would include coordination with counsels for litigation, assisting in legal / statutory audits and maintaining detailed MIS and coverage reports of the proceedings.

The major challenges in this role are keeping abreast of the latest legal/statutory amendments, knowledge about various legal documents & liaisoning with multiple regulators

• Key Result Areas: Write the key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)- Maximum 10 KRAs can be updated

Key Result Areas ( Max 1325 Characters)

Supporting Actions ( Max 1325 Characters)

To assist in legal department in liaisoning for filing of cases

To manage recovery litigation cases filed in their respective state/areas under the supervision of RLM.

To give evidence, examine as witness on behalf of ABFL filed cases,

To assist in formulating the pleadings of the lawsuits

To assist in formulating the claims & counter claims, arguments & evidences for the cases

Updating status of cases filed against directors and against the company

Draft/respond to notices sent by customers/counter parties/statutory authorities.

To coordinate with external counsels & law firms.

• To coordinate with advocates on record for updating legal status of cases filed by & against the company
• To manage cases arising out of various disputes and collection activity in their respective state/area, for entire retail and Digital portfolio.
• To coordinate with Law firms, Advocates and Counsels with respect to the litigation for and against the company in their respective state/area.

To Manage Field Execution

• To manage cases under Section 9 and 17 of Arbitration and its proceedings and to represent the company before District courts.
• To file and pursue Execution Petitions filed under Code of Civil Procedure in district courts.

Crisis Management

• To Manage crisis situation arising on account of complaints filed by borrowers against the company or its officials.
• To coordinate law enforcement agencies.
• To ensure that hassle free environment is maintained at all branches in the Area/state.

Record Management

• To maintain all records / files of cases filed by/against the company for future reference and records.
• Job Purpose of Direct Reports: Describe the job purpose of the direct report/s to the job (in 2-3 lines for each report)
• Legal Manager – MIS, coordination for litigations & documentation, Legal assistance for cases filed by or against the department, Assistance in case preparations, liaising Advocates /Law Firms for their remuneration, Audit coordination, Documents download and checking for Legal filling
• Legal Officer: To manage Collection team in field for recovery through legal orders, Warrant execution, Notices Services, MIS updation & publication.
• Relationships: Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives

Relationship Type Frequency Nature

Internal

Head – Litigation

Departments

Daily

Need based

MIS, coordination for litigations & documentation

Legal assistance for cases filed by or against the department

External

External advocates/law firms

Statutory Authorities

Need based

Periodic

Assistance in case preparations, liaisoning for their remuneration

Audit coordination

• Organizational Relationships: Provide the structure for a level above and below the position for which this job description is written. Use position titles in the structured and indicate all the reports of the position.

SIGN-OFF: Provide the name of the Manager and the jobholder. Signature needed for the hard copy of the JD. Hard copy to be maintained in the organizational record.

Job Holder

Reports to (Manager)

Name

Date of Entry / Approval