Capital Markets Manager, SoFi
$115.2-216k
+ Bonus
Office located in 234 1st St, San Francisco, US or 860 Washington St, New York, US
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$115.2-216k
+ Bonus
Office located in 234 1st St, San Francisco, US or 860 Washington St, New York, US
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- 8+ years of relevant experience desired, primarily in capital markets and warehouse execution
- BS/BA in business, finance, accounting, economics or similar technical field
- Excellent work ethic and willingness to contribute broadly to achieve team and company objectives
- Strong verbal and written communication as well as technical and organizational skills
- Strong analytical skills with attention to detail
- Strong ability to read and interpret financial contracts and knowledge of core documents and industry standard/best practices in transactional terms
- High level of proficiency with Microsoft Office and Google suites (particularly in Excel, PowerPoint, Sheets)
- Previous experience with lending or consumer credit products a plus: mortgages, student loans, credit cards, personal loans, etc
- Previous experience with asset-backed securitization data sets a plus: Bloomberg, Intex, DV01, etc
What the job involves
- SoFi is seeking a Manager to join our Capital Markets team
- In this role, you will lead initiatives to build and strengthen relationships with banks and institutional investors while managing all aspects of warehouse financing transactions
- This includes overseeing new facilities, amendments, and renewals
- To succeed, you’ll need a strong understanding of various warehouse structures, expertise in negotiating financing terms, and the ability to drive the review and execution of financing documentation
- You will work closely with product, credit, and treasury teams to develop and implement funding strategies for our credit products
- By effectively managing and optimizing funding channels, you will play a critical role in ensuring efficient capital utilization and fostering positive, lasting relationships with financing counterparties and investors
- Build and strengthen financing partnerships with banking counterparties and institutional investors
- Develop and manage funding strategies for new and existing product lines
- Lead the renewal and modification of warehouse facilities, ensuring seamless extensions to prevent disruptions
- Negotiate financing terms with lenders and legal teams to secure favorable outcomes
- Oversee bank and investor diligence processes, including preparing corporate presentation decks and educating stakeholders on key company information
- Collaborate with Treasury to forecast utilization and manage liquidity needs across multiple financing facilities
- Partner with legal counsel and the deal execution team to review warehouse financing transaction documents and ensure alignment on transactional terms
- Review monthly servicer reports for accuracy, ensuring all key metrics required by lenders are complete and accurate
- Provide strategic collaboration and support to internal teams, including credit, legal, engineering, product, treasury, accounting, servicing, and finance
- Develop a comprehensive understanding of key performance indicators, product performance trends, and forecasts
- Support ad hoc financing initiatives, including whole loan sales, asset-backed securitizations, new products, securities financing, unsecured lines of credit, and other future financing strategies
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets them apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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