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Legal Collection Officer | Pan India @ Cars24

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 Legal Collection Officer | Pan India

Job Description

Role & responsibilities :

  • Develop and implement effective strategies for the recovery of delinquent loans, ensuring compliance with company policies and legal guidelines.
  • Coordinate with external legal counsel and oversee the preparation and filing of legal documents to initiate recovery proceedings, including notices, legal claims, and repossessions.
  • Court Appearances and dealing with LEA as and when required.
  • Engage with borrowers to negotiate payment plans, legal settlements, or restructuring options to maximize recovery while maintaining a professional and empathetic approach.
  • Regularly review and analyse the delinquent loan portfolio to identify high-risk cases and prioritize recovery efforts effectively.
  • Ensure that all recovery actions are documented accurately and that all processes adhere to regulatory and compliance standards.
  • Maintain updated records of all recovery-related activities.
  • Work closely with the finance, collections, and customer service teams to gather necessary information, support recovery actions, and improve the recovery process.
  • Identify gaps and recommend process improvements to enhance the efficiency and effectiveness of the recovery process, minimizing the time to recover outstanding amounts.

Preferred candidate profile :

  • Bachelors degree in law (BA LLB Or LLB) along with the relevant experience of 1-2 years.
  • Experience in laws related to loan recovery, collections, or legal recovery within the financial services or banking sector.
  • Strong knowledge of recovery strategies, debt collection laws, and legal proceedings related to loan recovery.
  • Excellent negotiation and communication skills, with the ability to handle challenging conversations diplomatically.
  • Proficient in legal documentation, loan origination systems, and MS Office Suite

Locations - Chandigarh, Bangalore, Lucknow, Delhi/NCR, Hyderabad, Pune

Job Classification

Industry: Miscellaneous
Functional Area / Department: Other
Role Category: Other
Role: Other
Employement Type: Full time

Contact Details:

Company: Cars24
Location(s): Hyderabad

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Keyskills:   Legal Recovery Recovery Planning Law Debt Collection Collections Loan Recovery Recovery Legal Cases

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Cars24

CARS24 SERVICES PRIVATE LIMITED A rickety Ambassador or a shining new Porsche, a JK or a TN registration plate, an accidental car or one which wouldn't start, none of it matters because we buy any car at the best price. We have a simple solution to the most complex problem that a car owner faces...