Senior Director of Capital Markets, Sunbit
+ Stock options
Buy now, pay later technology platform
Open for applications
Buy now, pay later technology platform
201-500 employees
Open for applications
+ Stock options
201-500 employees
Company mission
To eliminate financial waste and pass the savings back to our customers and merchant partners.
Role
Who you are
- The ideal candidate will be a strategic thinker with strong leadership and communication skills, financial acumen, deep understanding of and experience in the relevant capital markets, and a proven track record of success in a fast-paced, high-growth environment
- Bachelor's degree in Finance, Accounting, Business, Economics, or a related field. MBA or CFA preferred
- 8-10 years of progressive experience in capital markets, with a focus on structured finance with warehouse facilities, ABS issuance and investor relations
- Strong understanding of financial modeling, valuation, and risk management
- Proven ability to execute complex structured finance transactions and/or asset-backed securities (ABS) capital markets transactions
- Existing relationships with investors and other key players in the debt markets is a plus
- Excellent communication, writing, presentation, and interpersonal skills
- Strong analytical and problem-solving skills, with the ability to think strategically and creatively
- Advanced in MS Suite
- Ability to thrive in a fast-paced, dynamic environment
- Highly organized, detail-oriented, and strong work ethic, with a commitment to excellence
What the job involves
- REPORTS TO: Chief Capital Officer
- Sunbit is seeking a highly motivated and experienced Senior Director, Capital Markets to join our growing team.
- This critical role will be responsible for developing and executing Sunbit's capital markets strategy, including managing existing warehouse facilities, managing and expanding the company’s forward flow loan sale programs, structuring and executing the company’s ABS strategy for both the unsecured loan and credit card products, executing growth capital funding transactions, and optimizing the company's capital structure
- This highly visible role will drive the selection, management and expansion of relationships with key external partners and debt investors and lead the successful completion of corporate and portfolio-level transactions supporting Sunbit’s growth across all products (Point of Sale unsecured consumer BNPL loans and Sunbit credit cards), making this a vital role in driving the company’s financial and strategic objectives
- This position reports into the Chief Capital Officer, and will primarily work remotely, but will be required to travel to industry conferences, meetings (often in NYC) with investors, bankers and other key stakeholders, and to the LA headquarters as necessary
- Capital Markets Strategy: Develop and execute Sunbit's overall capital markets strategy, aligning it with the company's growth objectives and risk tolerance, including leading an ongoing and dynamic analysis of various financing options (including warehouse facilities, securitizations, private placements, forward flow whole loan sales, etc.)
- Transaction Execution: Lead the processes involving analyzing, structuring, documenting and completing funding transactions through various capital markets channels, serving as the company’s key liaison with external partners (advisors, underwriters, legal counsel, investors, etc.) and driving execution internally in partnership with colleagues across functional areas. Includes understanding, negotiating and completing legal agreements relating to structured finance transactions
- Capital Management: Oversee the management and monitoring of existing warehouse facilities and whole loan sale programs, ensuring compliance with covenants, reporting requirements and managing utilization across funding channels to optimize borrowing costs. Monitor market conditions and identify opportunities to refinance or restructure debt
- Securitization Programs: Lead the development and execution of securitization programs for each of the company’s unsecured loan and credit card products, including structuring transactions, working with legal and financial advisors, identifying and executing operational setup, and managing ongoing performance and reporting
- Financial Modeling & Analysis: Develop and maintain financial models to analyze capital structure, evaluate funding options, and assess the impact of various market scenarios
- Cross-Functional Collaboration: Work closely with other teams, including finance, accounting, legal, operations, and product, to ensure alignment on capital markets initiatives
- Market Research & Analysis: Stay abreast of market trends, regulatory changes, and investor sentiment in the capital markets. Provide insights to senior management on potential opportunities and risks
- Investor Relations (Debt-focused): Cultivate and maintain relationships with investors, rating agencies, and other key stakeholders in the capital markets. Develop a deep understanding of the company’s business strategy and corporate and asset-level financial performance, and work closely with existing and potential investors, including providing standard and ad-hoc analyses. Prepare investor presentations, manage due diligence processes and onboard new investors
- Team Leadership & Mentorship: Lead, mentor, and develop a high-performing capital markets team. Foster a culture of collaboration, accountability, and continuous improvement
Our take
Buy now pay later (BNPL) options have been a lifeline for consumers who need to make essential purchases but need a bit more breathing space to pay for them. Sunbit provides a BNPL solution to service providers, retailers and consumers, helping thousands of communities where traditional financing options have previously been the only route.
Sunbit disrupts the lengthy process of getting credit, utilising its own proprietary machine learning technology to create personalized payment plans for each customer rather than relying on pre-approval based on a FICO score. Their 30-second approval process makes it an attractive option for retailers looking to increase sales as customers can get an in-store decision. Payback has 3, 6, and 9 month flexible options and the platform covers purchases of up to $10,000.
The company is looking to grow after an impressive financial investment in 2024 that reflects consumers turning to new payment options, such as BNPL. The funding is supporting its Sunbit no-fee credit card and embedded financing partnerships.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
8% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2021
$130m
SERIES D
Sep 2020
$26m
SERIES C
Total funding: $211.2m
Company benefits
- Mission driven + empowered + collaborative
- Competitive pay and stock options
- Health Insurance options including Medical, Dental, Vision, Life, EAP, FSA, & Maternity Leave
- 401K Plan with Matching
- Cell Phone Stipend
- Commuter Supplement for LA Office eligible employees
- Casual Dress
- Monthly Lunches in LA HQ
Leadership
Arad Levertov
(CEO)Arad served in the Israeli Defense Forces as a Major for 5 years, before spending almost 5 years at Intel. They left their role of 6 years as COO of Enova International to co-found Subnit in January 2016.
Ornit Dweck-Maizel
(CTO)Having spent 2 years as an Intel Software Developer, Ornit worked at superderivatives in R&D for 9 years. She co-founded Sunbit in 2016, serving since as CTO.
Tamir Hazan
(Head of AI)Tamir undertook a PhD in Machine Learning and Computer Vision at The Hebrew University before co-founding Sunbit with Ornit, Arad, and Tal. They have been in Analytics since June 2017.
Tal Riesenfeld
(Head of Sales)Tal served in the IDF before spending 2 years at HP in Strategic Marketing and 4 months at Google. They co-founded Eyeview in 2008, working there for 8 years prior to co-founding Sunbit in 2016.
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