Legal Manager-Debt Management

Idfc First Bank Limited; Pune District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Idfc First Bank Limited in Pune is seeking a Legal Manager to lead the collections function. The role focuses on planning, directing, and overseeing collections activities, optimizing EMI recoveries, and managing associated agencies within the bank's guidelines.

The incumbent will drive delinquency reduction, track portfolio performance, and coordinate with internal teams and external agencies to meet targets while ensuring strict compliance with legal and regulatory requirements.

Qualifications

• Graduate or higher degree in any discipline.
• Post graduate qualification preferred.
• Minimum 4+ years of experience in collections.

Responsibilities

• Manage and oversee collections process for debts assigned.
• Track portfolio for buckets and delinquency by area.
• Coordinate with agencies and in-house team to achieve targets.
• Follow up with default customers and ensure adherence to processes and legal guidelines.
• Trace absconded customers and initiate recovery actions.
• Recommend legal actions for non-recoverable cases and liaise with legal team.
• Maintain delinquent account history and MIS reports on a daily/weekly/monthly basis.

Skills

Collections

EMI recovery

Education

Graduate – Any

Post Graduate – Any

Tools

MIS Reporting

Job description

Job Description

Job Title – Legal Manager

Place of work – Pune

Business Unit - Operations

Function – Collections

Job Purpose:

The role bearer has the responsibility to plan, organize, direct and oversee the activities of the collections department. It also includes managing the agencies associated with the company in their assigned territory. The role bearer is responsible for the efficiency and optimization of retrieving EMI from the customers and ensuring adherence to all the guidelines laid out by the bank contributing to the larger organizational objectives of the bank.

Roles & Responsibilities:

• Responsible for managing and undertaking collections process for debts that have been assigned
• Regularly track the portfolio for specific buckets for the assigned area
• Track & control the delinquency of the area, Bucket-wise & DPD wise and focus on non-starters
• Responsible to allocate and achieve targets from agencies/ in house team
• Regularly follow up with the default customers
• Ensuring adherence to collection process and legal guidelines
• Tracing out absconded default customers and initiate recovery process
• Recommend for legal actions for non-recoverable cases and following up with the legal team for the closure of the cases
• Maintain data for administrative work related to collection such as updating delinquent account history, providing and maintaining MIS report, reviewing of collection feedback on daily, weekly & monthly basis

Educational Qualifications:

Graduate – Any

Post Graduate – Any

Experience: Minimum of 4 or more years of experience in Collections.