PhonePe is India’s leading digital payments platform with over 400 million+ registered users. Using PhonePe, users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold, and make investments. PhonePe went live for customers in August 2016 and was the first non-banking UPI app and offered money transfer to individuals and merchants, recharges and bill payments to begin with. In 2017, PhonePe forayed into financial services with the launch of digital gold, providing users with a safe and convenient option to buy 24-karat gold securely on its platform. PhonePe has since launched Mutual Funds and Insurance products like tax-saving funds, liquid funds, international travel insurance, Corona Care, a dedicated insurance product for the COVID-19 pandemic among others.
PhonePe launched its Switch platform in 2018, and today its customers can place orders on over 300 apps including Ola, Myntra, IRCTC, Goibibo, RedBus, Oyo etc. directly from within the PhonePe mobile app. PhonePe is accepted at over 18 million merchant outlets across 500 cities nationally.
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!
Objective
To contribute towards developing best in class contract management function which, while servicing the internal business and control stakeholders in contracts, legal documents, terms and conditions etc, is also able to insulate the business from all risks.
Implement technology enabled tools and experience-based initiatives to make the contracting process automated, efficient, and effective.
Description of KRAs
Contracts:
Standardisation of templates while prescribing negotiable and non-negotiable clauses basis risk categorisation and type of contracts.
Set up an efficient drafting and review process of contracts and other legal documents for various business lines including payments, technology, merchants, product specific like insurance, mutual funds, coupons etc.
Lead contractual negotiations and closure independently.
Commercial:
Develop commercial understanding of the business and each product line for risk assessment including what is mandatorily required under various regulations for financial services products like insurance and mutual funds.
Provide expert & strategic legal advice on various aspects of business to management on optimising the contracting process, stamping, e-sign, repository access etc.
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.
Process:
Communications with relevant counter parties / external counsels for contract finalisation.
Systematise the contracting process, TAT expectations, repository and retrieval process.
Establish an auditable and robust process for renewals and monitoring of key requirements of contracts.
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.
Keep abreast of legislative change & maintain current knowledge of alterations in legislation to continue to improve contract versions.
Min Qualification
LL. B/ LLM.
Minimum 6 years post-qualification experience.
Have strong drafting and communication skills.
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 line contracts.
Overall good legal knowledge (corporate law, employment laws, business laws, data privacy practises, info sec standards, etc). Exposure on regulatory compliance and litigation is a good to have but not mandatory.
Expectations other than qualification & technical experience:
Committed and ready to work under pressure.
High degree of professional ethics and integrity, excellent judgement, analytical skills and good interpersonal skills.
Willingness to learn, improve and challenge the status quo for the better.
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
Other Benefits - Higher Education Assistance, Car Lease, Mobile & Broadband Reimbursements, 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.
