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Vice President, Capital Markets

Percent

Percent

New York, NY, USA
Posted on Thursday, June 29, 2023

Percent (formerly Cadence) is a leading technology platform enabling investors, issuers and underwriters unparalleled access to once opaque asset classes in private capital markets. Founded in 2018, Percent is creating the first ever efficient market for private credit, facilitating a higher velocity of transactions at a fraction of the cost. Our platform has been used to analyze billions in assets and issue over $600 million of private credit transactions across both unrated and rated offerings. Percent’s team comes from a variety of backgrounds, including finance, consulting, technology companies, and startups. Percent is headquartered in New York.

We are looking for a Capital Markets Vice-President to help originate and structure innovative structured credit products for Percent’s retail and institutional platforms.

You should have a minimum of six years of relevant work experience in structured credit, debt capital markets, specialty lending, investment banking or at a credit rating agency, and must be excited about working for a fast-growing, VC-backed fintech company.

Responsibilities

  • Build relationships with private credit originators, institutional and accredited retail investors, rating agencies, lawyers, and technologists
  • Conduct initial opportunity assessments, originator due diligence and transaction/portfolio modeling in adherence with our underwriting guidelines
  • Compile investment memorandums and present deal opportunities to our investment committee and advisory committee
  • Coordinate with external legal counsel in drafting offering documentation and various deal-related matters
  • Work with Risk in deal structuring, fine tuning credit enhancements, analyzing data sufficiency and collateral performance surveillance
  • Collaborate with Syndication on pricing and launch strategies, pre-marketing exercises, drafting deal marketing materials, order book management and investor engagement
  • Liaise with Operations on general deal management, settlements, payments, and other internal initiatives
  • Partner with Marketing to generate unique content with respect to new market insights, originator interviews, blog posts, case studies and podcasts
  • Work with Product and Engineering on continuously automating Capital Markets workflow via the development of our proprietary software
  • Manage, train and develop junior resources of the Capital Markets team

Key Qualifications

  • Bachelor’s degree in Finance, Economics, or a related field from a top tier institution
  • 6+ years of relevant work experience in structured credit, debt capital markets, specialty lending, investment banking, structured finance law, or rating agency
  • Series 63, 7 and 79, and SIE license(s); and/or willing to take them shortly after joining
  • Familiarity with private credit markets and both rated and unrated Asset Backed Securities
  • Strong attention to detail and excellent communication skills
  • Advanced Microsoft Excel skills and quantitative mindset
  • The ability to work in a fast-paced environment and an open and curious personality where you enjoy working in a team, but also work well independently
  • CFA designation or MBA a plus

Benefits

  • Competitive salary
  • Equity
  • Paid vacation days
  • Full medical insurance
  • Dental & Vision
  • 401k
  • Employer matching with charities
  • $200 mental/physical health benefit

Percent is committed to a diverse and inclusive workplace. Percent is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.