Manager Legal - Contracts and Advisory

1 Week ago • 7 Years +

Job Summary

Job Description

The Manager of Legal - Contracts and Advisory will contribute to developing a best-in-class commercial contracts function. This role involves standardizing contract templates, improving the drafting and review process, leading contractual negotiations, and providing expert legal advice. Responsibilities include risk assessment, process systematization, and staying abreast of legislative changes. The individual will be expected to negotiate, draft contracts and provide legal advice for PhonePe. The role requires a minimum of 7 years of experience. The candidate should be committed to working under pressure, possess strong ethics, and demonstrate excellent judgment and interpersonal skills. They must also be willing to learn and challenge the status quo.
Must have:
  • Minimum 7 years post-qualification experience
  • Strong drafting and communication skills
  • Exposure to various contract types
Good to have:
  • LL.B. LLM is a good to have but not mandatory.
  • Exposure on regulatory compliance and litigation
Perks:
  • Insurance Benefits (Medical, Critical Illness, Accidental, Life)
  • Wellness Program (Employee Assistance, Onsite Medical Center, Emergency Support)
  • Parental Support (Maternity, Paternity, Adoption Assistance, Day-care)
  • Mobility Benefits (Relocation, Transfer, Travel)
  • Retirement Benefits (Employee PF, Gratuity, NPS, Leave Encashment)
  • Other Benefits (Higher Education Assistance, Car Lease, Salary Advance)

Job Details

About PhonePe Group: 

PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

Culture

At PhonePe, we take extra care to make sure you give your best at work, Everyday! And creating the right  environment for you is just one of the things we do. We empower people and trust them to do the right  thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a  big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of  the best minds in the country and executing on your dreams with purpose and speed, join us!

Job description Legal - Contracts

Position/Designation Manager – Legal
Location Bangalore
Reporting Manager Legal

Objective

i. To contribute towards developing a best-in-class commercial contracts function which, while
servicing the internal business and control stakeholders in contracts, legal documents, T&Cs
etc, is also able to insulate the business from risks.
ii. Implement technology enabled tools and experience-based initiatives to make the contracting
process automated, efficient, and effective.

1. Description of KRAs

a) Contracts:
i. Standardisation of contract templates while prescribing negotiable and non-negotiable clauses
basis risk categorisation and type of contracts.
ii. Actively contribute towards improving the drafting and review process of contracts and other
legal documents for various business lines including payments, technology, merchants and
specific products/services (like ecommerce, appstore etc.)
iii. Lead contractual negotiations and closures independently.

b) Commercial:
i. Develop commercial understanding of the business and each product line for risk assessment
including what is mandatorily required under various regulations for respective
services/products of the organization.
ii. Provide expert & strategic legal advice on various aspects of business to management on
optimising the contracting process, stamping, e-sign, repository access etc.
iii. Evaluate and weigh multiple inputs and impacts of any decision or course of action as the
business is large, has PAN India operations and offices, ability to anticipate issues and estimate
risks, identify proactive solutions that will eliminate or mitigate risks.
c) Process:
i. Communications with relevant counter parties / external counsels for contract finalisation.
ii. Systematise the contracting process, TAT expectations, repository and retrieval process.
iii. Establish an auditable and robust process for renewals and monitoring of key requirements of
contracts.
iv. Deployment of technology-based solutions and tools to make the end-to-end contracting
process efficient, effective and best in class as to quality of drafting and risk mitigation.
v. Keeps abreast of legislative changes & maintains current knowledge of amendments in
legislations to improve contract versions.

2. Min Qualification

i. LL.B. LLM is a good to have but not mandatory.
ii. Minimum 7 years post-qualification experience.
iii. Have strong drafting and communication skills.
iv. Exposure to a variety of contracts – Complex IT /software development, licensing, real estate
to variety of vendor, supplier, employment, service contracts - both revenue and expense side
of contracts.
v. Overall good legal knowledge (corporate law, employment laws, business laws, data privacy
practises, etc). Exposure on regulatory compliance and litigation is a good to have but not
mandatory.

3. Expectations other than qualification; technical experience:

i. Committed and ready to work under pressure.
ii. High degree of professional ethics and integrity, excellent judgement, analytical skills and
good interpersonal skills.
iii. Willingness to learn, improve and challenge the status quo for the better.
iv. Good negotiation skill and general commercial acumen.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

  • Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
  • Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
  • Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
  • Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
  • Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment 
  • Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy

Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

Life at PhonePe

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About The Company

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).



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