Deputy General Counsel, Point
Structured Finance
$220-300k
+ Equity Options
More information about location
Helping homeowners to sell equity in their homes
Open for applications
Helping homeowners to sell equity in their homes
201-500 employees
Open for applications
$220-300k
+ Equity Options
More information about location
201-500 employees
Company mission
To help homeowners become free of their debts and be able to unlock the wealth in their homes.
Role
Who you are
- This role requires deep experience in structured finance and capital markets, with a focus on 144A offerings, 4(a)(2) private placements, fund formation, forward flow agreements, warehouse lending facilities, and other forms of institutional financing
- 10+ years of legal experience, including significant time at a top law firm or in-house, advising on structured finance, securitizations, and capital markets transactions
- Deep expertise in 144A and 4(a)(2) offerings, fund formation, forward flow, and warehouse facilities
- Familiarity with residential mortgage and consumer finance products and the regulatory frameworks governing them
- Excellent project management, negotiation, communication, and drafting skills
- A practical, business-oriented approach to problem-solving and the ability to thrive in a fast-paced, entrepreneurial environment
- JD from an accredited law school and a member in good standing of the State Bar of California, or eligible for the in-house counsel exemption
What the job involves
- Point is seeking an experienced and strategic Deputy General Counsel, Structured Finance, to lead and support all capital markets legal initiatives
- This role is critical to the continued growth of Point’s proprietary home equity investment line of business
- The Deputy General Counsel will report to the COO and General Counsel and interface regularly with the CEO, providing strategic and tactical legal guidance on complex capital markets transactions
- You will be instrumental in driving legal execution of financing deals, managing relationships with external counsel and investors, and ensuring compliance with relevant regulatory frameworks
- Lead the structuring, negotiation, and execution of complex capital markets transactions, including 144A and 4(a)(2) deals
- Provide legal guidance and manage documentation for forward flow purchase agreements, fund formation, and warehouse lending arrangements
- Serve as the primary legal advisor on all structured finance transactions, including securitizations and related regulatory matters
- Collaborate closely with senior executives, investors, external counsel, and internal cross-functional teams, including Finance, Investor Operations, Product, and Customer Operations
- Support investor due diligence processes and respond to audits and regulatory inquiries as needed
- Develop and maintain internal policies and procedures to ensure compliance with securities laws and other applicable legal standards
- Advise on new financial product structuring and capital markets initiatives from inception through execution
Our take
The process of purchasing a property can result in the financial position of immense debt. Home buyers often must take out bridge loans to finance their purchase whilst continuing to live at their current residence.
Point provides property financing by providing a share of a homeowners equity in advance to fund the purchase of a new home. The startup evaluates the finances of an applicant and purchases their property, obtaining a stake in the property if it is sold within ten years.
Point claims to prevent their customers from taking on crippling debt to fund a property purchase, and has helped nearly 10,000 homeowners across the United States. The company is in the midst of an expansion from 16 to 28 total geographies in the coming year after acquiring series C funding in 2022.
Steph
Company Specialist at Welcome to the Jungle
Insights
65% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
May 2022
$115m
SERIES C
Mar 2019
$22m
SERIES B
Total funding: $145.5m
Company benefits
- Health Insurance: Point provides platinum-rated plans for medical (Anthem Blue Cross or Kaiser Permanente), dental and vision (The Standard). We cover 99% of employee premiums and 75% of dependent premiums
- Generous Vacation: Take time for yourself and your family when you want - Point has an unlimited vacation policy
- Continued Learning: We encourage all team members to attend events hosted by our investors, external workshops and conferences. We believe in continuous improvement and want to support employees on their professional journeys
- Family Friendly: Point will top off state applicable PFL earnings, as well as two weeks of fully paid leave to be available after exhaustion of state PFL. In addition, employees will receive 4 weeks: s of fully paid transition time. For the first consecutive four weeks after returning to work following parental leave, and following exhaustion of all other paid leave benefits, the employee may work part-time, meaning two or three days per week, and will receive 100% of regular base pay
- Work From Home Stipends: With employees working remote, Point will provide employees a $50 monthly cell phone stipend and a $50 monthly internet stipend. In addition, we will reimburse up to $150 to help you purchase supplies for your home office.remote, Point will provide employees a $50 monthly cell phone stipend and a $50 monthly internet stipend. In addition, we will reimburse up to $150 to help you purchase supplies for your home office
Company HQ
Downtown North, Palo Alto, CA
Leadership
Eddie Lim
(Co-founder)Studied Computer Science at Harvard. Co-founder & CTO of Metails. Worked in Product Design at Facebook. Also Co-founded: Trial Pay Inc; Yub, Inc; and TXN.
Eoin Matthews
(Co-founder)Co-founder & VP of Development at Metails. Part of the Founding Team of Sendgrid. Worked at Rakuten for 6 years, leaving as VP of Business Development. Became VP of Business Development at VigLink. Founded popt.com. Was a Board Member on viethope.inc for 5 years.
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