Director of Capital Markets, Current

$200-260k

Senior and Expert level
New York
Current

Online banking & financial services

Be an early applicant

Current

Online banking & financial services

201-500 employees

FintechB2CBankingFinancial ServicesSaaSMobile

Be an early applicant

$200-260k

Senior and Expert level
New York

201-500 employees

FintechB2CBankingFinancial ServicesSaaSMobile

Company mission

To build the future of banking

Role

Who you are

  • 5-10 years combined experience in Corporate Treasury, Banking, and Corporate Finance – preferably with experience in a capital markets function and financial services
  • Strong understanding of financial / operational risk and controls
  • A team player mentality and are able to work on a variety of projects simultaneously and independently across multiple areas
  • An interest in “getting hands dirty", a strong work ethic, and excel in a fast-paced environment
  • Passion for improving financial outcomes for our members, strong interest in fintech, and knowledge of the industry
  • Bachelor’s or Master’s in Finance, Accounting, or a quantitative field
  • Strong math and quantitative analysis skills
  • Strong financial modeling experience

What the job involves

  • The Current Finance team is looking to hire a Director of Capital Markets to help fuel our growth with flexible, low-cost capital
  • Lead Deal Activities:
  • Help secure and maintain ample levels of efficient and flexible capital (equity, debt, and warehouse) by:
  • Identifying and attracting prospective investors
  • Crafting an investor story for specific financing opportunities
  • Evaluating structuring alternatives and making recommendations
  • Overseeing due diligence processes
  • Executing and following through to deal closing
  • Partner with Corporate Finance, Risk Management, and Treasury to ensure deals are modelled accurately in liquidity, risk, and financial planning
  • Partner with Accounting team to ensure deals are properly onboarded, accounted for, and documented and all deal details are understood
  • Support ongoing investor relations
  • Support refinancing, upsizing, product, and underwriting enhancements as needed
  • Support Capital Management and Corporate FP&A:
  • Partner across Strategic Finance team to develop long-term balance sheet and cash flow forecasts to assist in capital markets analyses
  • Build analytical models to evaluate capital structure decisions including financing, return of capital, liquidity planning, credit ratings, and contingency planning for review with senior leadership
  • Partner with multiple Current business leaders to develop Treasury partnerships focused on reducing cost of capital and designing products that can be funded at an appropriate pace to ensure timely product launches
  • Manage existing debt portfolio including covenant compliance and ensure proper alignment with risk management processes

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Insights

Top investors

-2% employee growth in 12 months

Company

Company benefits

  • Company equity
  • Flexible vacation policy
  • Commuter benefits
  • Discretionary bonus program
  • Work from home opportunities
  • Medical, Dental & Vision

Funding (last 2 of 6 rounds)

Apr 2021

$220m

SERIES D

Nov 2020

$131m

SERIES C

Total funding: $392.6m

Our take

Current is a neobank offering digital banking services, with a focus on younger generations and paycheck-to-paycheck customers. It offers a swathe of innovative services including on-demand pay and overdraft protection to people underserved by traditional institutions.

Younger customers are expected in the coming years to pivot from legacy institutions to the higher functionality and lower costs of consumer-first neobanks like Current. By netting an average customer age of 27, Current is establishing itself as a pack leader among rival but less well-funded neobanks like Step or Till.

It is also successfully competing with legacy institutions by exploiting the relatively adaptive nature of neobanking: Current has previously offered customers advanced access to stimulus checks, and is seeking to expand into crypto. The company continues to raise funding, the latest of which will help fuel growth and an accelerated path to profitability.

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Steph

Company Specialist at Welcome to the Jungle