VP Capital Markets @ Petal

VP Capital Markets

Posted on 1/24/2023

INACTIVE

Locations

Remote • New York, NY, USA

Experience Level

Entry

Junior

Mid

Senior

Expert

Requirements

Ability to lead a capital markets function, managing a team while coordinating with external financing partners - maintaining trust and confidence in the process
Exceptional capital market experience, with an ability to work quickly with little oversight
Significant attention to detail, both in a quantitative and qualitative sense
Strong self-management, drive, and organizational skills, and an insatiable curiosity to learn

Responsibilities

End to end ownership of debt financing for Petal
Responsible for running and negotiating corporate debt and warehouse deals
Interface directly with institutional investors on a daily basis, and build effective and lasting working relationships
Manage debt capital fundraising efforts, including corporate debt, warehouse and securitizations
Craft debt capital marketing documents and materials
Negotiate term sheets and definitive transaction documents with counterparties
Oversee Capital Markets team, including partnerships, analysis, and reporting activities
Contribute to strategic planning with the Petal leadership team

Desired Qualifications

10+ years structured credit experience at an ABS issuer (including online lending platforms), investment bank (FIG, or ABS banking or trading) or asset manager
Exposure to ABS financing transactions, as well as complex balance sheet modeling and forecasting
Direct exposure to multiple collateral types, including credit cards and other asset classesInvestment banking background, with buy-side or operating experience being a plus

The Petal Mission

Petal’s mission is to expand access to opportunity, by making responsible, modern financial services available to everyone. Founded in 2016, Petal provides technology-enabled credit cards to consumers who are historically underserved by mainstream providers.

Petal pioneered automated cash flow underwriting, a transformative new approach to assessing consumer creditworthiness with the potential to expand access to tens of millions of U.S. consumers without credit history, or for whom traditional credit scores do not tell the whole story. We’re looking for people with kindness, positivity, and integrity to join our team. At Petal, we welcome diverse perspectives from people who think rigorously and aren’t afraid to challenge assumptions.

The VP, Capital Markets role

Petal is looking for a VP of Capital Markets to lead our Capital Markets function to handle the tremendous growth in both our cardmembers and receivables. Capital Markets is responsible for developing and implementing the strategy for funding our loans - as well providing key inputs to Petal’s broader product development and strategy. The VP will play a key role in developing and executing Petal’s Capital Markets strategy.

The ideal candidate possesses strong technical skills, is an excellent written and verbal communicator, has prior capital markets and/or structured finance experience, has a sharp eye for details, and is always excited to learn. This role will report into Petal’s Chief Financial Officer.

Key responsibilities

End to end ownership of debt financing for Petal
Responsible for running and negotiating corporate debt and warehouse deals
Interface directly with institutional investors on a daily basis, and build effective and lasting working relationships
Manage debt capital fundraising efforts, including corporate debt, warehouse and securitizations
Craft debt capital marketing documents and materials
Negotiate term sheets and definitive transaction documents with counterparties
Oversee Capital Markets team, including partnerships, analysis, and reporting activities
Contribute to strategic planning with the Petal leadership team

Characteristics of a successful candidate

Ability to lead a capital markets function, managing a team while coordinating with external financing partners - maintaining trust and confidence in the process
Exceptional capital market experience, with an ability to work quickly with little oversight
Significant attention to detail, both in a quantitative and qualitative sense
Strong self-management, drive, and organizational skills, and an insatiable curiosity to learn

Nice-to-haves

10+ years structured credit experience at an ABS issuer (including online lending platforms), investment bank (FIG, or ABS banking or trading) or asset manager
Exposure to ABS financing transactions, as well as complex balance sheet modeling and forecasting
Direct exposure to multiple collateral types, including credit cards and other asset classesInvestment banking background, with buy-side or operating experience being a plus

For our California employment information privacy statement, please click here.

51-200 employees

Website

Innovative credit cards

Company Overview

Petal was founded to help people access honest, simple and responsible credit. Petal provides technology-enabled credit cards to consumers who are historically underserved by mainstream providers.

Benefits

Healthcare
Financial wellbeing
Vacation time and work from home priveleges
Sotck options and retirement benefits
Free lunch and meals