Funding Legal Counsel, Prodigy Finance
Office located in City of London
Student loans for international students
Be an early applicant
Student loans for international students
201-500 employees
Be an early applicant
Office located in City of London
201-500 employees
Company mission
To make quality education accessible, using fintech to redefine the student loan market.
Role
Who you are
- South African or English-qualified lawyer
- A minimum of five years of post-qualification legal experience at a law firm, a financial institution's finance team, or a corporate finance team, preferably in a lending institution
- Experience at a senior level in banking and finance law
- Experience managing large, multi-party finance transactions and keeping them on track by delivering against tight timelines
- Being able to apply a sound knowledge of the law in a way that is commercial, innovative and solution-oriented
- Experience in a broad range of capital-raising activities and structures, including blended finance and finance from family offices, individuals, and large financial institutions
- Strong communication skills
- Strong team player with the ability to establish a high degree of credibility and earn trust at all levels of the business
- Ability to apply a sound knowledge of the law in a way that is innovative, commercial, and solution-orientated
- Ability to work hard under stressful conditions to bring transactions to completion against tight deadlines
- Proactive, excellent at problem-solving, and shows initiative to overcome obstacles and tackle challenges that constantly arise in a growing, innovative business
- An interest in global financial markets and an active following of financial trends and innovation is very helpful
- Confident and independent with the ability to take responsibility for decisions within broader capital markets, as well as finance and legal functions
- Quick-thinking and commercially aware
- Flexible, resilient, and energetic
- Professional and discreet
- Bringing transactions through to completion and delivering outcomes against tight deadlines
What the job involves
- The Funding Legal Counsel is responsible for all legal aspects of Prodigy Finance's funding activities
- The role involves working at an energetic, rapidly expanding company and helping to build a product that makes a real difference in the world
- Provide legal advice and support on all equity-raising activities, including new capital and amendments to the current capital structure
- Provide legal advice and support on structuring, negotiating, and executing complex securitisation transactions with major banks, junior funders, and development finance institutions
- Provide legal advice on structuring, negotiating, executing, and managing on-balance sheet secured corporate debt facilities
- Monitor the terms of existing facilities, including amendments, restructures, and waivers, on an ongoing basis
- Provide legal advice and support on the Irish-listed bond program, which includes ongoing disclosure and reporting issues
- Oversee, manage, and appoint legal counsel for all finance transactions in the UK, US, SA, and internationally, as well as manage external legal fees
- Conduct due diligence, negotiate deals, buy assets or shares, and execute M&A transactions when they arise
- Ensure internal policies and procedures are known, upheld, and adhered to
- Manage legal, regulatory, and reputational risk, and work with the Head of Compliance to ensure compliance with funding activities and FCA rules in the UK, as well as any other relevant global jurisdictions
- Draft and review preliminary pre-transaction documentation, such as funding presentations, non-disclosure agreements, risk warnings, and disclaimers
Salary benchmarks
Our take
Historically, international students found it very difficult to get financing to study abroad, because there are complexities with lending to people who are not permanent residents in the country.
At the same time, the demand for internationals to study abroad is high and growing, especially with the growing middle class in Asia.
Prodigy Finance have solved this complexity and made it possible for international students to get loans to study at the best universities abroad. Solving a complicated problem like this and getting the backing of institutional debt investors gives them great defensibility.
Prodigy Finance has teamed up with Nova Credit and this will generate countless more opportunities for thousands of international students who are looking to fund their education in the US. Prodigy Finance will integrate Nova’s Credit Passport® solution seamlessly into its loan application process, enabling them access to global consumer credit bureau data.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Aug 2017
$40m
SERIES C
Aug 2015
$12.5m
LATE VC
Total funding: $52.5m
Company benefits
- Generous leave, maternity & paternity packages - 24 days annual leave, plus 1 day for every year worked. And if you’re expecting? 6 months maternity and 4 months paternity leave
- Flexi and remote working opportunities - with offices and people all over the world, we don't like to be limited by desks. That's why we work flexible hours from different locations
- Employee wellness programmes across our offices - we like to look after our team with weekly yoga classes, wellness days, healthy snacks and complimentary lunches to name a few perks
- Work with the best from around the world - our team is from 35 countries, giving you the opportunity to develop an international network of the globe’s best and brightest
Company HQ
Soho, London, UK
Leadership
Cameron Stevens
(CEO)Experienced the problem of MBA finance when studying at INSEAD. Previously co-founded a corporate advisory firm in South East Asia.
Share this job