Ring | Legal Manager | india
4 days ago
Please apply using this Job ID or share your CV at
Key Responsibilities:
Legal Due Diligence
- Conduct thorough legal due diligence of property documents for Loan Against Property (LAP) proposals.
- Ensure the title, ownership, and encumbrance of the property are clear and marketable.
- Liaise with external lawyers for title verification and opinions.
Document Vetting
- Draft, review, and finalize loan documentation, including mortgage agreements, sanction letters, and other collateral agreements.
- Ensure compliance with applicable laws and organizational policies.
Compliance and Advisory
- Provide legal advice to internal teams on matters related to property laws, mortgages, and financial services regulations.
- Ensure adherence to RBI and other regulatory guidelines in LAP operations.
Coordination with Stakeholders
- Work closely with the Credit, Ops, and Sales teams to resolve legal queries related to loan processing.
- Interact with external legal consultants and law firms for opinions and dispute resolutions.
Title Investigation
- Handle legal scrutiny of property-related issues, including title disputes, pending litigation, or encumbrance concerns.
- Ensure all property-related risks are mitigated prior to disbursement.
Risk Management
- Identify potential legal risks in loan portfolios and provide solutions to minimize liabilities.
- Monitor compliance with local property laws and regulations.
Reporting and Documentation
- Maintain records of legal opinions, due diligence reports, and case histories for reference and audits.
- Prepare periodic reports for management on legal compliance, risk mitigation, and dispute resolutions.
Required Qualifications and Skills:
Education:
LLB/LLM from a reputed university or institution.
Experience:
- 5+ years in legal roles, with specific experience in Loan Against Property or similar secured lending functions.
- Experience in handling title verification and property-related documentation.
Skills:
- Strong knowledge of property laws, transfer of property, and mortgage laws in India.
- Excellent drafting, vetting, and negotiation skills.
- Ability to manage multiple stakeholders and deadlines effectively.
- Analytical mindset to assess and mitigate legal risks.
- Minimize legal risks in LAP disbursements.
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