Product Counsel, Flex
$175-201k
+Stock Options
Flexible rent payment application
Open for applications
Flexible rent payment application
501-1000 employees
Open for applications
$175-201k
+Stock Options
501-1000 employees
Company mission
Flex's mission is to empower as many renters as possible with flexibility over their most significant recurring expense.
Role
Who you are
- 3 - 5+ years of combined experience at a top-tier law firm and/or in-house legal department, with a focus on data privacy matters and some experience across general legal matters
- Experience providing product counseling for digital lending or payments systems, alternative payments, BNPL, or other similar financial services a plus
- Deep understanding of federal and state laws related to consumer privacy and data use; experience counseling data aggregators and users of consumer data and/or consumer reports
- Thorough literacy with the regulatory landscape for consumer credit products and services, including TILA/Reg. Z, UDAAP, ECOA/Reg. B, FDCPA/Reg. F, FCRA/Reg. V, EFTA/Reg. E, and similarly applicable state laws
- Persistence, drive and a goal-focused mindset as you own projects from initiation to completion
- Strong attention to detail and ability to effectively prioritize tasks within a fast-paced environment
- Ability to work independently and as part of a team
- A bias for action, clear and concise communication skills, and a willingness to prioritize what truly matters
- JD from a top law school and member in good standing of a US state bar
What the job involves
- We are seeking an experienced product counsel with a background in consumer finance, privacy, and data use to join our in-house counsel team
- As Product Counsel, you will be a key, early member of Flex’s growing Legal & Compliance team and you will be a partner to our core B2C and B2B business units as you advise and collaborate with our product, engineering, business, and marketing departments to build Flex’s biller and consumer financial technologies and services
- Provide comprehensive first-line legal support for initiatives related to Flex’s consumer credit products and services, with an emphasis on ensuring compliance with consumer credit and data privacy regulations
- Serve as a legal thought partner to product, design, and data teams, ensuring that consumer protection and privacy considerations are integrated in new initiatives from the outset, and collaborate with outside counsel as needed
- Draft and negotiate program agreements and terms to support strategic partnerships with fintech partners and third-party providers
- Guide the business by navigating the regulatory landscape for Flex’s consumer credit products with an emphasis on data privacy compliance. Ensure that all activities involving data collection, processing, and sharing adhere to relevant laws and regulations
- Be an advisor in the company and a critical part of a hyper-growth startup with a proven business line. As we grow and succeed, you will help scale the development of our legal department and the entire company
Our take
Many people struggle to pay their rent every month, with a variety of bills hitting their bank accounts simultaneously. Whilst many of these people earn enough money to cover their bills, the inflexible nature of monthly bills can make the all-in-one payment a harder obstacle.
Flex provides a mobile application for the flexible payment of rent, allowing users to pay their landlords through flexible payment plans, reschedule payments when necessary, and protect their funds through Overdraft Protection. The company achieves this by partnering with estate agents and paying their resident's bills upfront, taking on the challenges that landlords would normally have due to late payments.
Flex has experienced extremely rapid growth since its founding which has caused some issues, as it struggled to keep up with the surge in new customers. Having made improvements to its product and scaled its customer service team, it is set to continue providing a service that has come to be highly valued by both tenants and landlords.
Freddie
Company Specialist
Insights
Company
Funding (last 2 of 5 rounds)
Feb 2022
$160m
EARLY VC
Apr 2021
$46.6m
SERIES B
Total funding: $225.1m
Company benefits
- 100% company-paid medical, dental, and vision
- 401(k) + company stock options
- Unlimited paid time off + company paid holidays
- Parental leave + IVF and adoption support
- Flex Cares Program: Non-profit company match + pet adoption coverage
- Pet Insurance
- Free Flex subscription
Company HQ
Midtown Manhattan, New York, NY
Leadership
Shragie Lichtenstein
(CEO)Experience working in venture capital investments for Point72 and TVC. Also co-founded Boundless Reality.
YeTong Shao
(CPO)Experience as Data Science Researcher. Also co-founded Boundless Reality.
Salary benchmarks
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