Capital Markets, Aven
+ Stock options
Credit card that unlocks buyer's home equity
Be an early applicant
Credit card that unlocks buyer's home equity
101-200 employees
Be an early applicant
+ Stock options
101-200 employees
Company mission
To provide the lowest cost, most convenient, and most transparent access to capital.
Role
Who you are
- Table stakes for any capital markets hire is a background in capital markets (at least 5 years of experience), strong analytical skills, advanced proficiency in Excel (SQL and Intex are a big plus), obsessive attention to detail, and demonstrated potential with leadership and client relationship skills
- Must be a team player who can also go from A to Z alone when needed, have a strong work ethic, and enjoy solving complex problems (and boring ones too)
- Bachelor's Degree required: JD, MBA, MCS, or relevant advanced degrees preferred
- At least 5 years of experience in structured products or debt capital market roles, with demonstrated leadership abilities and execution track record
- Prior experience dealing with specialty finance debt structuring and/or securitizations
- Reputation for being the fastest/smartest operator in prior teams
- Reliable on high-precision work. Strong orientation to deadlines and detail
- Computer Software Skills: expert-level Excel, with Intex preferred
- Programming Skills: SQL, Python/R, Writing Algorithms are a plus
What the job involves
- We are looking for a capital markets team member focused on execution, data analytics, and structuring
- Execute on 100% clean capital markets operation with all of Aven’s debt capital partners. Includes ownership of deliverables related to:
- Tape and performance data analysis
- Cash flow modeling
- Portfolio allocation & optimization
- Reporting and reconciliations
- Covenant performance and active portfolio management
- Build cash flow modeling and analytics of our receivables for financing purposes across ABS execution, rating agency analysis, and forward flow sales across Intex and Excel
- Lead the structuring and execution of any type of structured financing product, including RMBS and ABS, asset sales, master trust, hedging, etc. This includes driving alignment with external and internal parties, reviewing work done by advisors and lawyers, and prioritization of Aven’s key objectives
- Transform and translate our data into a crisp, efficient, technology-driven, user-friendly, and content-rich analytics platform for capital market participants. Will involve working with engineering to streamline and improve our data reporting framework and reduce human intervention
- Create a medium and reporting that presents our collateral and cash flow performance with accuracy, simplicity and rigor to our investors, warehouse providers, and rating agencies. Assist with internal and external surveillance and reporting of our WH lines, debt financings, and forward flow partnerships
- Create a pricing optimization and portfolio allocation model that optimizes our exit strategies and aligns with our financial goals
- Frontline support services for capital providers, rating agencies, and investors: responding to inquiries; ad-hoc collateral analysis; cash flow modelling; performance metrics and projections; ongoing reporting and surveillance, etc
Our take
Founded in 2019, Aven is a credit card provider that uses home equity to provide users with low interests rates on their credit cards (known as HELOC). The company prides itself on minimalism and speed (without hindering quality) - with users able to be approved in as little as fifteen minutes for one of its cards.
With its mobile friendly, fast app, Aven is a bit of a phenomenon in the credit card space. It is the first credit card to be created with the unlocking of home equity, and its “without frills” approach makes what can be quite a daunting and overwhelming process seem far more approachable for its customers.
Aven has had multiple successful funding rounds since it was founded, enabling it to expand operations and pursue its mission. A 2024 Series D fundraise saw the company reach Unicorn status, with next steps including the goal of expanding to all 50 states by 2025 and exploring new market categories in the future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (1 round)
Jul 2024
$142m
SERIES D
Total funding: $142m
Company benefits
- Meaningful Company Equity - We believe that employees should have a meaningful stake in the company. Everyone should feel like an owner – because you are.
- Remote Friendly - To find the most extraordinary and diverse talent, we have supported remote work across roles. From the SF Bay Area to New York, Los Angeles, Chicago, Canada, Mexico, & Texas.
- Medical Insurance - All of our full-time employees get great medical, vision, dental. Coverage for family is available.
- Paid Time Off - In addition to 8 observed holidays, salaried team members have paid time off, vacation, and paid sick leave.
- Parental Leave - Being a parent and balancing family time is very important to us. We provide paid parental leave for the parent.
- Aven Card - Experience having your own Aven card. Get $100 per month and buy anything you want, on us.
Company HQ
Downtown, Burlingame, CA
Leadership
Sadi Khan
(Co-founder & CEO)Founder and President at HAUS. Former Director of Product Management at Facebook.
Murtada Shah
(Co-founder)Previously founded Serene Technologies after graduating University with a Bachelors in Electrical and Computer Engineering.
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