About the Company
WeRize is a profitable growth stage fintech. The company creating a new category in Indian financial services space. They are building India’s first socially distributed full stack fintech platform for emerging middle-class families in 5000+ small cities. The financial needs of small-city India have been largely underserved since traditional players and fintechs are unable to properly serve this segment.
Role Description
This is a full-time on-site role for Legal Intern position at WeRize. This role supports the Chief Manager – Legal (LAP) at Head Office in building and leading the legal function for the LAP business PAN India, focusing on follow up with external Legal Counsels for issuance of title document due diligence reports, assisting the credit team in identifying additional/ alternate documents required by external Legal Counsels, assisting the credit team in creation of charge on properties in line with findings of the external Legal Counsels, coordinating with external/Government Authorities for creation of charge, and maintaining MIS for various activities performed by the In-House Legal Department of WeRize, ensuring seamless support to business expansion and collection support while maintaining strong legal safeguards.
Eligibility
Desired Candidate Profile:
- Qualification: Must be holding law degree (3 years or 5 years). LL.B. from a reputed university.
- Experience: 0 to 2 years of working experience in Legal Departments of Banks/NBFCs/FinTechs into secured mortgage lending (preferably Loan Against Property segment).
- Sound knowledge in property laws, Contract Act, Registration Act, Stamp Act, local laws/codes/regulations, and SARFAESI enforcement.
- Possess various MS Office skills.
- Ability to collaborate with cross-functional teams and negotiate with partners.
Preferred Skills:
- Familiarity with legal software, databases, technology tools and digital finance frameworks.
Responsibilities
Property Document Due Diligence and Verification
- Liaise with the empaneled/onboarded law firms, advocates, and search agencies for obtaining legal search reports and documents related to properties.
- Coordinate with credit team in getting additional/alternate documents, and follow up for issuance of legal search reports and documents related to properties.
- Assisting the credit team in creation of charge on properties in line with findings of the empaneled/onboarded law firms, advocates, and search agencies.
- Coordinating with external/Government Authorities for creation, rectification and release of charge on properties.
Vendor Empanelment & Management
- Coordinate with Zonal Legal Managers in identifying and empaneling suitable law firms, independent advocates, and search agencies
- specialized in property due diligence to support business expansion into new geographies.
- Initiate for conducting, periodically and from time to time, the performance review of the empaneled/onboarded law firms, independent advocates, and search agencies, by adhering to the in-house Policies.
- Communicate, where required, with the empaneled/onboarded law firms, independent advocates, and search agencies.
Compliance and Risk Mitigation
- Ensure strict compliance with property laws, mortgage creation rules, legal guidelines, and other applicable legal norms.
- Assist the Head of Legal in apprising various Committees of Board, the Top Management, and the Leadership team, periodically or from time to time, the details of support rendered by the Legal Department to Business and Collections teams.
Internal Stakeholder Collaboration
- Apprise the Head of Legal and the Reporting Manager changes in law affecting the business of WeRize.
- Prepare with the help of the Head of Legal and the Reporting Manager, relevant advisories, circulars, in-house newsletters etc., on legal issues for knowledge enhancement of employees of WeRize, and for mitigating legal risks.
Governance and Reporting
- Maintain MIS and dashboards for tracking vendor performance, legal risk flags, and due diligence turnaround time.
How to Apply?
Interested candidates can apply online via the link given at the end of the post.
