Contract and Legal Specialist at Facctum: Apply Now!

Facctum is inviting applications for the position of Contract and Legal Specialist in Pune for professionals with experience in contract management, procurement, and contractual compliance.

About Facctum

Facctum is a UK-based RegTech company founded in 2021 by former banking executive KK Gupta. They specialize in cloud-native AI-driven financial crime compliance solutions. Their platform provides global institutions with automated watchlist management, client screening, and transaction monitoring.

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About the Job

Facctum is seeking a Contract and Legal Specialist to manage the end-to-end contract lifecycle, support procurement activities, and ensure contractual compliance across vendor and client engagements. The role requires close coordination with Legal, Finance, Procurement, Risk, and Business teams.

Position

Contract and Legal Specialist

Eligibility

• Bachelor’s degree in Law, Business Administration, Finance, or a related field.
• 3–4 years of professional experience in contract management, procurement, or a related function.
• Strong understanding of contractual terms, legal concepts, and risk management principles.
• Experience working with cross-functional stakeholders in a corporate environment.
• Good knowledge of procurement processes and vendor management practices.
• Proficiency in Excel and contract/procurement management tools will be an added advantage.
• Excellent analytical, communication, and negotiation skills.
• High attention to detail with strong organisational and documentation abilities.

Responsibilities

• Manage the end-to-end contract lifecycle, including drafting, reviewing, negotiating, and executing contracts such as client agreements, vendor agreements, service agreements, NDAs, and amendments.
• Analyse contractual terms and conditions to ensure alignment with company policies, legal requirements, and business objectives.
• Identify, assess, and mitigate contractual risks, highlight deviations from standard terms, and recommend appropriate changes.
• Collaborate with Legal, Procurement, Finance, Risk, and Business stakeholders to ensure contracts meet operational, financial, and compliance requirements.
• Maintain and update the contract repository, ensuring version control, documentation accuracy, and audit readiness.
• Track and monitor key contractual obligations, including SLAs, KPIs, deliverables, and critical milestones, to ensure timely compliance and performance.
• Support contract negotiations by analysing commercial terms, pricing models, and benchmarking against internal standards and market practices.
• Assist in contract renewal management, including identifying upcoming expiries, evaluating contract performance, and supporting renegotiation or termination decisions.
• Ensure proper flow-down of contractual terms into purchase orders, vendor communications, and procurement documentation.
• Conduct vendor due diligence and risk assessments, including financial, operational, and compliance evaluations.
• Support audit and compliance activities to ensure documentation meets internal policies and regulatory standards.
• Provide contractual guidance and interpretation to internal stakeholders.
• Assist in resolving contract-related disputes, escalations, and performance issues in coordination with internal and external stakeholders.
• Monitor compliance with data protection, confidentiality, and information security requirements within contractual arrangements.
• Contribute to the development and improvement of contract templates, processes, and governance frameworks.
• Prepare reports and insights on contract utilisation, compliance status, cost savings, and vendor performance.

Location

Pune

Application Procedure

Click Here To Apply.