Debt Capital Markets Manager, FINN
$100-120k
+ Equity participation
3+ days a week in office
Car subscription service
Job no longer available
Car subscription service
201-500 employees
Job no longer available
$100-120k
+ Equity participation
3+ days a week in office
201-500 employees
Company mission
To build the most popular car subscription platform.
Role
Who you are
- Graduated top of your undergraduate class; Master’s degree in a business-related field of study is a plus
- 2-3 years of relevant work experience in structured credit, investment banking, capital markets or a related field. Experience in automotive financing is a plus
- Very strong analytical and quantitative skills and work with great attention to detail
- Enjoy questioning the status quo and finding creative solutions
- Organized and experienced in working with or managing a team of experts on a daily basis
What the job involves
- Reporting to the US CFO, you will help define our long-term fleet financing strategy, driving execution and sourcing of all debt-related deals. This role will be a crucial part of FINN’s business as we look to scale the business with sophisticated capital markets transactions
- Execute our debt financing strategy: Work to build out our capital structure and execute our short and long-term debt financing strategy to support continued growth in the United States
- Drive deal execution: Drive the execution of new debt financing deals while taking responsibility for data analysis and modeling. Partner with internal teams across Fleet, Operations, and Engineering to help create a best-in-class financing platform
- Monitor our debt portfolio: Maintain the data and reporting infrastructure for our debt facilities on a daily basis. Ensure ongoing covenant compliance and sufficient funding capacity
- Build long term partnerships:Network with banks, debt funds and other investors to spark interest in FINN and grow our network. Work closely with attorneys, rating agencies, and service providers to launch new financing strategies
- Own stakeholder reporting and communication: Design and maintain a reporting framework to ensure internal and external stakeholders are updated on performance and financial metrics as it relates to FINN's portfolio
Our take
Digitally led car subscription services have huge potential to disrupt the traditional car sales model. They work on a simple premise: many consumers want to have their own car, but don't want to commit to the costs associated with car ownership. FINN's early success is good evidence of this consumer demand, within its first year of operation, the company sold 1000 car subscriptions and closed a Series A funding round. In 2024, it's grown its total funding to $244 million.
Despite early successes, FINN faces stiff competition. A number of car manufacturers have launched similar subscription services powered by various providers, such as Drover, LeasePlan and Wagonex, whilst others already offer such services directly to consumers. Examples include "Audi On Demand" and "Care" by Volvo. Establishing itself in a market which is becoming more crowded will thus be a key challenge for FINN.
Two key features help FINN set itself apart from competitors. Firstly, FINN's model appeals to environmentally-minded consumers, with the company offsetting the CO2 emissions of its vehicles. Secondly, FINN's automation of fleet management and customer interactions make its business much cheaper and easier to run, allowing the company to focus on growth.
Having trialled its service in Germany and attracting a large tranche of additional funding, it has expanded to the northeastern United States with the aim of moving into other states soon. It is currently targeting the small and medium business sector there and is working towards adding additional EVs to its fleet, a requirement for remaining competitive in this sector as environmental regulations mount.
Steph
Company Specialist at Welcome to the Jungle
Insights
208% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2024
$1.2m
LATE VC
Jan 2024
$115.3m
SERIES C
Total funding: $268.1m
Company benefits
- Choose your gear - Team Windows or team Apple? Choose the tech device you love!Windows or team Apple? Choose the tech device you love!
- Awesome team events - Whether through a ski trip or Friday beers, having fun together is an important part of our DNA
- Responsibility from day one - Take on your own projects from start to finish
- Annual personal development budget - We constantly motivate and fund you to learn, grow and advance your potential
- Plan for your future - FINN offers a 401K plan to help you plan for your future
- Flexible and affordable healthcare - Our benefits include a multitude of healthcare options for employees, including plans where 100% of the base package is covered by FINN
Company HQ
Bogenhausen, Munich, Germany
Leadership
Maxmillian Wühr
(CEO & Co-Founder)He has held numerous roles in fields ranging from venture scouting to business development. He has also worked as a Visiting Scholar at the University of California, Berkeley.
Nikolai Schröder
(COO & Co-Founder)He has extensive experience in consulting, having held roles at companies such as Accenture and BCG.
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