Capital Markets Specialist, Affirm
$110-175k
OTE
Salary dependent on location. Offers ESPP
POS installment loans
Be an early applicant
POS installment loans
1001+ employees
Be an early applicant
$110-175k
OTE
Salary dependent on location. Offers ESPP
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- The ideal team member will have direct experience or a strong base of knowledge in structured debt finance or debt capital markets; strong technical and interpersonal skills; and the desire to work closely with both internal and external stakeholders
- 1-3 years in structured finance, private credit, debt capital markets, investment banking, fixed income sales & trading, or another credit-oriented role
- Financial modelling and transaction management experience, along with an understanding of fixed income principles
- Exceptional communication skills and ability to manage relationships with internal and external stakeholders
- Experience with SQL or Python
- High level of humility, accountability and a strong desire to learn and grow
- Excellent analytical skills and attention to detail
- Clear alignment with Affirm’s core values
What the job involves
- We're looking for an outstanding team member to join Affirm’s Capital Markets team! Affirm Capital is responsible for raising the capital that funds our originations, a critical part of Affirm’s revenue strategy
- As a Capital Markets Specialist, you will own a significant portion of the platform’s day-to-day capital activities, which drive Affirm’s ability to scale its consumer point-of-sale lending business globally. This is a complex role that is essential to the functioning of a consumer finance and payments platform
- Manage and execute the Capital Markets team’s operational work streams, which requires frequent collaboration with numerous internal and external counterparts
- Actively work on Affirm’s existing and prospective capital transactions including; asset-backed securities (‘ABS’), whole loan sales (‘forward flow’), warehouse / debt financing structures and international funding facilities (Canada, UK and beyond)!
- You will assist in structuring, negotiating, and executing our transactions with the goal of growing into a deal leadership role over time
- Take charge of communication with Engineering, Product, Commercial, and Credit/Risk teams to drive scale for Affirm’s capital platform and funding strategy
- Build and manage relationships with existing and potential investors
- Develop a strong understanding of Affirm’s business from a unique perspective and learn how Capital Markets fits into broader corporate initiatives
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boating over 15 million customers and 245,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Spending wallets
- Supportive communities
- Remote-first workforce
- Generous time off
- Health benefits
- Mental healthcare
- Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- We offer 24 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & development
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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