Senior Corporate Counsel, Opendoor
$164-253k
Salary for Colorado, Connecticut, Washington, New Jersey, California and New York City. Base salary may vary
End-to-end online platform for selling and buying homes
Job no longer available
End-to-end online platform for selling and buying homes
1001+ employees
Job no longer available
$164-253k
Salary for Colorado, Connecticut, Washington, New Jersey, California and New York City. Base salary may vary
1001+ employees
Company mission
To power life's progress one move at a time.
Role
Who you are
- JD from an accredited law school, and active Bar membership in good standing in the state in which you will work (or eligible to register as a Registered In-House Counsel). Preference for candidates licensed in CA
- 5+ years of substantive experience with SEC reporting and securities laws, preferably from a combination of top tier law firm, technology and public company in-house work
- Deep knowledge of corporate law, corporate governance standards and trends
- Familiarity with equity compensation plans and executive compensation
- Subsidiary corporate governance experience (e.g., management of global subsidiaries and experience with intercompany structure and agreements)
- Ability to work effectively and collaboratively within a growing legal team and cross-functionally with members at all levels of the organization
- Strong interpersonal skills, team-oriented attitude, and superior attention to detail
- Ability to evaluate risk in light of business and practical considerations and make clear recommendations
- Proactive, entrepreneurial approach to solving problems and developing creative processes: you see a problem or issue, you attack it head-on
What the job involves
- Provide advice and counsel on a range of general corporate and corporate governance matters
- Advise on corporate finance and securities law matters, including preparing SEC filings and working with internal teams to draft and review earnings releases, press releases, and shareholder and investor communications, particularly for compliance with applicable securities laws
- Support capital markets transactions including equity and debt offerings and structured finance transactions, including management of transaction documents and diligence process
- Assist with the preparation and planning for the annual meeting of shareholders
- Advise on equity, executive compensation, and stock administration matters
- Assist in advising senior legal team members on internal securities matters, including trading windows, 10b5-1 Plans and Section 16 compliance
- Collaborate in maintaining and updating corporate compliance documents and policies, including Code of Business Conduct and Ethics, Committee Charters, Insider Trading Policy and other corporate policies
- Monitor and advise on the potential impact of new and proposed securities laws and regulations; NASDAQ rule changes; ISS and other proxy advisory firms', as well as institutional investors', voting policy changes; and developments, trends and evolving best practices in corporate governance and ESG
- Handle corporate governance of subsidiaries and maintain intercompany arrangements
- Take on new corporate projects as needed, including M&A, strategic partnerships and corporate investments
Our take
Opendoor makes selling homes easy and stress-free by cutting out the prolonged processing time usually involved with a sale. Sellers can offload a house quickly and easily to the company for cash and a 6-9% fee. Currently operating in a growing number of markets nationwide, Opendoor has chimed well with millennials who gel quickly with online businesses that offer solutions to problems they encounter.
This buying and selling model doesn't come without risk. The longer Opendoor keeps a property, the lower its profit margin. However, Opendoor's performance has been anything but disappointing; it went public in 2021, with its pre-SPAC merger presentation calling for $3.5 billion in revenue. Its actual revenue trounced it, coming in at $8 billion - more than double its estimate.
Opendoor's largest competitor, Zillow, dropped out of the space in late 2021 because it struggled to price the homes it acquired accurately. Opendoor's closest remaining competitor is Offerpad, which does just a fraction of the transaction volume that Opendoor does. With strong earnings coming out of 2024, OpenDoor is looking at transforming its operations in 2026, with new management, a volume-driven strategy and an acquisition spree expected. If Opendoor can continue to ride on its long-term success, it will have an enormous lead on existing and future competitors, positioning it to securely become the overwhelming market leader.
Steph
Company Specialist at Welcome to the Jungle
Insights
-19% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Mar 2019
$300m
SERIES F
Sep 2018
$400m
SERIES F
Total funding: $1.5bn
Company benefits
- Save for tomorrow: Select our Pre-tax or Roth 401k plans to save towards retirement
- Healthy healthcare: Medical, dental and vision is 100% covered for employees
- Family planning: We offer specialty programs like Carrot, Cleo & Ginger
- Flexible vacation: Most of our team take at least 20 days off per year to decompress and be their best
- Resource groups: Join the group that works for you
- Income protection: 100% company sponsored: life insurance short term and long term disability
- Other: Flexible spending account, commuter benefit, employee assistance programs, and paid parental leave
Company HQ
Financial District, San Francisco, CA
Leadership
Kaz Nejatian
(CEO)Previously COO and VP of Product at Shopify, Lead Product Manager at Facebook and CEO & Co-Founder at Kash.
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