Job Description
LEGAL OFFICER
Recoveries Department
About the Bank:
Armed with a proud history of over 30 years, Pan Asia Bank is on an exciting growth journey, evidenced by an array of recognitions, including being honored as one of the Top 40 business entities in the country by Business Today and top hundred companies by LMD.
Key Responsibilities:
- Prepare and serve Letters of Demand LOD to induce the obligations to repay as the preliminary step to commence legal procedure
- Preparation of pleadings, filing legal actions under MB, DDR, MR and Ejectment cases within the given time to accelerate the recovery process
- Take steps to get the securities realized under provisions of Recovery of Loans by Banks Special Provisions Act no 4 of 1990 Parate
- Prepare resolutions for adoption by the Board of Directors, publication of notices and sending notifications to the mortgagor/borrower and finalizing auction sales, coordinating with the auctioneer
- Prepare drafts and execution of deeds such as Condition of Sale, Certificate of Sale and Resale Endorsement relating to the Parate process
- Coordinate and arrange necessary documentation and witnesses for conducting trials as and when required, support the motions and applications by the Bank in the Court of Law
- Assist in managing a portfolio of debt recovery cases by tracking case progress, maintaining case files, and ensuring compliance with internal policies and legal requirements
- Conduct legal research to understand relevant laws, regulations, and industry practices related to recoveries and stay updated on legal developments that may impact the recovery process
Candidate Prerequisites:
- Attorney at Law and Notary Public licensed to practice in English
- A Bachelor s degree in Law from a recognized institution a distinct advantage
- Minimum 4 5 years of proven experience in a commercial bank, financial institution, or reputable law firm with exposure to loan and advance recovery
- Exceptional written and verbal communication skills in English Proficiency in Tamil will be an added advantage
- Strong ability to work efficiently in a computerized and digital environment
- A self motivated professional with the ability to work independently manage deadlines and perform under pressure
Remuneration:
The successful candidates will be provided with an attractive remuneration package including fringe benefits, commensurate with industry standards.
How to Apply:
Join us and be part of a committed forward thinking team where your legal expertise can make a meaningful impact. We look forward to welcoming a dedicated professional who is ready to contribute to our continued success. Apply through our career portal before the specified deadline by clicking on the APPLY NOW icon.
Assistant General Manager – Human Resources, Pan Asia Banking Corporation PLC, No. 450, Galle Road, Colombo 03
APPLY NOW
Pan Asia Bank The Truly Sri Lankan Bank