Senior Corporate Counsel, Sunbit
Structured Finance
$175-275k
+ Company equity via stock options
Buy now, pay later technology platform
Be an early applicant
Buy now, pay later technology platform
201-500 employees
Be an early applicant
$175-275k
+ Company equity via 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
- Experience: 6+ years of dedicated hands-on substantive experience in structured finance, specifically focused on unsecured consumer financial products
- Proven Track Record: You must have substantial hands-on experience and served as the "lead" or a critical player on a variety of the structured finance deals, such as warehouse facilities, forward flow sale agreements, and ABS offerings
- Background: A combination of law firm training and in-house experience at a FinTech, financial services company, or financial institution is preferred
- Must be impeccably organized and exhibit full ownership over the projects at hand
- JD or LLM degree from an ABA-accredited university and active CA State Bar membership in good standing, or eligibility to practice as Registered In-House Counsel (Rule 9.46)
What the job involves
- REPORTS TO: General Counsel
- As the Senior Corporate Counsel, Structured Finance, you will serve as the lead legal partner to a dynamic capital markets team
- You will play a pivotal role in managing legal aspects of the entire transaction lifecycle, from initial structuring to negotiations to closing to post-closing matters
- Lead Transactional Execution: Take primary responsibility for reviewing, drafting, and negotiating, complex financing transactions, including warehouse credit facilities, forward flow loan sales, and Asset-Backed Securitizations (ABS)
- End-to-End Transactional Management: Manage the entire deal process, including coordinating with outside counsel, internal and external counterparts, handing due diligence process, performing day-to-day management of the legal portion of the project from inception to post-closing covenants, and developing comprehensive checklist of any post-closing requirements
- Advising Business on a Day-to-Day Basis: Develop an in-depth understanding of the consumer credit products offered by Sunbit and advise business and capital markets teams on requirements and restrictions imposed by the existing funding sources and work on aligning the products with transactional requirements, including handling amendments to the transactional documents
- Contract Lifecycle Management: Assist with broader corporate legal needs, including vendor contract reviews, intercompany agreements, and supporting general transactional workflows
- Perform Other Tasks as Required: Assist with a variety of legal projects, including corporate, regulatory and other matters
- Cross-Functional Collaboration: Act as a strong team player by partnering with Finance, Treasury, Risk, and Product teams to ensure financing structures align with business goals
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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