Assistant General Counsel, SoFi
Contracts
$153.6-288k
+Bonus
Mobile & online personal finance services
Open for applications
Mobile & online personal finance services
1001+ employees
Open for applications
$153.6-288k
+Bonus
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- You should be an intellectually curious self-starter with strong written and oral communication skills
- JD from an accredited law school
- Active membership and good standing in the New York or California bar required
- 3+ years of experience in representing issuers and/or underwriters in structured finance ABS transactions, warehouse facilities and whole loan sales from either a top tier law firm or as in-house counsel
- Excellent writing skills and ability to multitask and work independently
- Ability to embrace change and thrive in a fast paced environment with conflicting priorities, multiple projects and deadline pressure
What the job involves
- The Assistant General Counsel, Commercial Contracts will be responsible for providing commercial and contract advice to business units and functions across the enterprise
- This individual will provide general commercial contracts support, and counsel on other general legal matters for other parts of the SoFi enterprise as required
- This position will report directly to the Vice President, Associate General Counsel
- Establish negotiation objectives and schedules to support and meet business requirements
- Prepare first quality negotiation documents that reflect an advanced knowledge of contract terms and conditions, legal requirements for compliance with applicable laws and regulations, and SoFi’s financial policies and strategies
- Understand business requirements and SoFi’s risk tolerance
- Support the business relationship owner to identify risks and negotiate beneficial terms
- Use highly qualified influencing skills to direct and control the negotiation schedule to meet established milestones for completion
- Maintain business focus that balances the needs of the business for profitability with ensuring the contractual terms and conditions protect SoFi and minimize risk
- Drive the negotiation to closure and reach agreement with suppliers on commercial, financial, and legal contractual issues
- Execute and finalize all documentation required for contract closure
- Develop proactive tactics and documents (internal negotiation notes, formal responses) to execute those strategies and goals in a way that will maximize profitability
- Assign, coordinate, and follow-through on the involvement of all areas of the company in a timely manner to execute the plan, such as those required for a successful Deal Committee
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets them apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company values
- Put our member's interests first – if we take care of our members' interests, it will best serve our interests.
- Run after problems – we must build a culture of people who run after problems in order to ensure we execute with excellence and “things” do not fall through the cracks.
- Embrace diversity, everyone should feel welcome, included and able to contribute – diversity is a differentiator and our team should reflect society. We should continue to encourage and celebrate diversity.
- Get to the truth and make principle-based decisions – we can only make the best decisions if we have the right data, all of the perspectives, and if we align on the guiding principles.
- Make your footprint bigger than your foot – selfless acts are critical to elevate beyond the impact of our collective individual efforts.
- Do the right thing, if you're not sure, do the harder thing – our business is built on trust and integrity, which requires both adhering to the letter of the law and regulations and doing the right thing for the company and our members..
- Set ambitious goals, be gritty, be accountable - we must hold ourselves and others accountable for delivering our business objectives, for our culture, and for our member.
- Take care of other people and help them grow - our people are our greatest differentiator, if we take care of our people, they will take care of our members.
- Iterate, learn, innovate - we are all responsible for innovation and we must embrace data-driven decisions.
- Be SoFi missionaries - our products, our services, our brand, and our business must be durable over the long term to achieve our mission—be a missionary.
- Don’t forget to smile - our ambition is contagious: it makes us smile to see people inside and outside of SoFi succeed.
Company HQ
The East Cut, San Francisco, CA
Articles
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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