Legal Recovery Officer

Company Overview

Homeville Group is a financial technology, infrastructure, and lending company focused on building credit networks and platforms for the housing finance ecosystem. The company has developed critical infrastructure layers to support housing-focused credit platforms, enabling retail credit in the housing sector. Homeville has adopted a multi-platform strategy to serve various customer segments within the housing ecosystem. Bharat Housing Network, the company’s flagship initiative, is India's largest affordable housing co-lending platform, providing capital, technology, and infrastructure to affordable housing finance companies and non-banking finance companies.

Job Summary

The Legal Recovery Officer plays a critical role in managing delinquent accounts and ensuring effective debt recovery strategies. This position requires a skilled legal professional with a passion for law, focused on collaborating with stakeholders and contributing to the financial stability of the organization.

Responsibilities

• Review and analyze delinquent accounts to develop appropriate collection strategies.
• Contact debtors via telephone, email, and written correspondence to discuss overdue payments.
• Monitor and follow up on agreed payment plans to ensure compliance.
• Document and update debtor interactions, payments, and agreements in the collections management system.
• Prepare and file legal documents related to collection cases, including summons, complaints, and judgments.
• Liaise with attorneys and external legal counsel to pursue legal action for debt recovery.
• Attend court hearings and proceedings to represent the company’s interests.
• Maintain up-to-date knowledge of relevant laws, regulations, and industry best practices in collections.
• Prepare regular reports on collections activities, status of accounts, and recovery rates for management review.
• Collaborate with internal departments such as accounting, customer service, and legal to resolve disputes and facilitate collections.

Qualifications

• Bachelor's degree in Law.
• Minimum of 3-5 years of experience in collections, with a focus on legal collections preferred.
• In-depth knowledge of collections laws and regulations.
• Strong negotiation skills with the ability to handle difficult conversations with debtors.
• Proficiency in using collections management software and legal databases.
• Strong analytical and critical-thinking skills to review and assess delinquent accounts.
• Excellent written and verbal communication skills.
• Ability to prepare and file legal documentation accurately and efficiently.
• Experience in liaising with attorneys and external legal counsel.
• Ability to maintain confidentiality and handle sensitive information.
• Strong problem-solving skills and the ability to develop effective collections strategies.
• Demonstrated ability to stay informed about and comply with regulatory changes.

Preferred Skills

• Experience in financial technology or housing finance.
• Familiarity with industry-specific software for collections and legal documentation.

Experience

3-5 years of relevant experience in collections, preferably in a legal context.

Environment

The work is primarily based in Mumbai, within a professional office environment, requiring collaboration with various internal departments and external legal parties.

Salary

Salary details are not specified.

Growth Opportunities

Career advancement opportunities may include positions within the legal department, senior management roles within collections, or strategic leadership positions in the organization.

Benefits

• Competitive salary packages and bonuses.
• Mediclaim plans for you and your dependents.
• Access to educational resources for self-improvement, including technical and non-technical training.