Full-Time

Commercial Counsel

Confirmed live in the last 24 hours

Upgrade

Upgrade

1,001-5,000 employees

Provides loans, credit cards, and rewards

Fintech
Consumer Goods

Compensation Overview

$205k - $230kAnnually

+ Equity

Mid

San Francisco, CA, USA

Hybrid work schedule: Tu/Thu in office required for candidates in the SF Bay Area.

Category
Legal
Contract Management
Legal & Compliance
Requirements
  • JD degree from an accredited US law school and current member in good standing with a US state bar
  • 4-5 years of experience reviewing, drafting and negotiating a wide variety of contracts at a law firm and/or an in-house commercial legal team
  • Sound understanding of legal principles and contract law
  • Proven track record of communicating complex contract issues effectively and collaborating with internal and external stakeholders
  • Exceptional project management and time management acumen
  • Ability to adeptly handle multiple contracts concurrently while maintaining a focus on efficient prioritization
  • Excellent analytical and problem-solving skills with meticulous attention to detail
  • Eagerness for learning new knowledge in the ever-evolving fintech landscape, demonstrating a genuine curiosity for fintech innovations and contractual frameworks
  • Ability to work independently, take ownership of tasks, and meet deadlines
Responsibilities
  • Manage the end-to-end contract negotiation process for assigned contracts, from initial drafting and review through negotiation and execution for contracts such as vendor/procurement agreements, purchase and servicing agreements, marketing and referral partnership agreements
  • Learn the nuances of Upgrade’s products and work closely with the product team to achieve their commercial goals
  • Collaborate with internal stakeholders, including legal, finance, vendor management, and business teams, to ensure contracts meet business objectives and risk appetites
  • Provide guidance and support to internal teams on contract-related matters, including interpretation and clarification of terms and risk exposure
  • Ensure adherence to company policies, procedures, and legal requirements during contract negotiation
  • Build trust and manage conflicting demands from multiple business clients

Upgrade offers personal loans, credit cards, and rewards checking accounts to help individuals manage their finances. Their personal loans allow borrowing up to $50,000 with fixed rates and no prepayment penalties, while the Upgrade Card provides cash back rewards on various spending categories. What makes Upgrade different is its focus on affordability and user-friendly features, attracting customers looking for flexible credit solutions. The company's goal is to promote responsible financial behavior and long-term financial health.

Company Stage

Series F

Total Funding

$532.1M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

7%

1 year growth

32%

2 year growth

52%
Simplify Jobs

Simplify's Take

What believers are saying

  • Upgrade's rapid growth and expansion into new markets, such as auto loans and home improvement financing, indicate strong business momentum and opportunities for career advancement.
  • The launch of the Secured OneCard opens up new customer segments, providing a pathway for individuals with little or no credit history to build their credit responsibly.
  • The company's significant investment in new office space in Irvine, California, reflects its commitment to scaling operations and expanding its workforce.

What critics are saying

  • The crowded fintech market means Upgrade must continuously innovate to maintain its competitive edge and customer base.
  • Expansion into new product lines, such as auto loans, carries the risk of operational challenges and potential regulatory scrutiny.

What makes Upgrade unique

  • Upgrade offers a unique combination of personal loans, credit cards, and rewards checking accounts, providing a comprehensive suite of financial products that cater to various consumer needs.
  • Their focus on affordability and flexibility, such as no prepayment penalties on loans and competitive cash back rewards, sets them apart from traditional financial institutions.
  • The partnership with FairPlay to incorporate Fairness-as-a-Service solutions enhances their commitment to fair lending practices, distinguishing them in the fintech space.

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