Legal Vice President, Setpoint
$250-325k
OTE
+ Equity
2 days a week in office
Infrastructure for the future of asset-based lending
Open for applications
Infrastructure for the future of asset-based lending
101-200 employees
Open for applications
$250-325k
OTE
+ Equity
2 days a week in office
101-200 employees
Company mission
To build trust in our system of credit.
Role
Who you are
- A capital markets and technology enthusiast – you are excited about combining your past experience working on capital markets and finance transactions with cutting-edge technology
- A negotiator and problem solver – you make decisions and provide practical guidance based on not only your legal background but also reasoning that aligns with the company’s commercial interests
- A great communicator – you possess excellent written and verbal communication skills and attention to detail without oversight
- A multi-tasker with strong organizational skills – you can manage multiple priorities and set frameworks for how to execute them effectively within their deadlines
- 12+ years of experience drafting and negotiating a variety of capital markets and finance agreements and related documentation, including asset backed facilities
- Fintech experience is a plus
- Ability to prioritize appropriately, and meet deadlines in a high-pressure environment
- JD degree from a top tier law school, admission to the New York bar in good standing
- Flexible, positive, and team oriented approach to work
What the job involves
- We’re hiring for a strategic legal leader who will help shape the future of Setpoint’s legal function as we continue to scale our capital markets technology platform
- This person will partner closely with our executive team, sales organization, and capital solutions team to provide thoughtful legal guidance, structure complex transactions, and help enable the business while managing risk
- The ideal candidate brings deep expertise across capital markets, structured finance, and technology transactions, with the ability to operate as both a trusted legal advisor and a commercial partner
- You’ll play a critical role in supporting Setpoint’s growth by building scalable legal processes, negotiating complex agreements, and helping our customers and partners confidently navigate the evolving credit ecosystem
- Work closely with the General Counsel, Head of Sales and SVP of Growth to oversee all legal aspects of customer documentation and capital markets technology products
- Draft and negotiate SaaS and other customer agreements
- Review and negotiate documentation in connection with our technology platform services and our Capital Solutions team
- Keep up to speed with industry trends and legal and regulatory market changes
Our take
Whilst tech innovations have made applying for a loan far quicker and easier, the next step in the process - the management of the loan - is far more complex and still comparatively archaic in its organisation. Originators and lenders use spreadsheets, emails and FTP folders to manage their lending relationships, rendering the process inefficient and prone to errors. Setpoint automates the debt facility management process for lenders.
Founded in 2021, the company claims 98% time saving for lenders, automating data ingestions, calculations and reporting workflows whilst its AI engine computes optimal asset allocation to max ROI. Financial liquidity is increased through access to third-party reviews and certifications, compliantly accelerating capital access. In short, Setpoint streamlines the second, more oblique stage of the lending relationship.
Focused on the property market, Setpoint’s tech could be expanded to other markets. Its focus on real estate, however, has helped it achieve several impressive funding rounds and a 6x year-over-year revenue growth.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 3 rounds)
Aug 2024
$31m
SERIES B
Dec 2022
$43m
SERIES A
Total funding: $79.5m
Company HQ
Congress Avenue Historic District, Austin, TX
Leadership
Stuart Wall
(Co-Founder & CEO)Previously Venture Partner at Bowery Capital, Founder & CEO at Signpost and was an Associate Consultant at Bain & Company.
Ben Rubenstein
(Co-Founder & President)Previously CRO at realtor.com, Co-Founder and CEO at opcity and was a Co-Founder at Yodle.
Michael Lam
(Co-Founder & Chief Investment Officer)Previously COO at realtor.com, was on the Policy Advisor Board at Joint Center for Housing Studies, CFO and Head of Analytics at Opcity, President and Co-Founder at Pendleton International Corp.
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