Corporate Counsel, Prosper Marketplace
Capital Markets/Structured Finance
$158-208k
+ Bonus
Online P2P lending marketplace
Job no longer available
Online P2P lending marketplace
201-500 employees
Job no longer available
$158-208k
+ Bonus
201-500 employees
Company mission
To advance financial wellbeing by providing affordable financial solutions to consumers across the credit spectrum.
Role
Who you are
- We are seeking a highly motivated attorney with experience in structured finance / secured lending to join our wonderful legal team as Corporate Counsel
- This attorney is collaborative, able to thrive in a fast-paced, complex environment, and is comfortable advising all levels of the business and management on relevant legal issues
- Experience in capital markets and structured finance
- Experience leading transactional negotiations
- Great interpersonal skills and ability to collaborate and communicate with a variety of stakeholders in a fast-paced environment
- Exceptional judgment and creativity, with the ability to think strategically and give practical advice appropriately balancing legal, pragmatic and business-focused objectives
- Demonstrated ability to take ownership and resolve issues with minimal supervision
- Attention to detail, with excellent organizational skills and strong work ethic
- Proven ability to manage multiple projects concurrently in an evolving environment
- Effective and persuasive written and oral communication skills
- J.D. degree and be a state bar member or in house qualification in good standing
- Four+ years of combined law firm, government and/or in-house legal department experience, with increasing or suitable responsibility
What the job involves
- This person will play a key role in Prosper’s business, partnering closely with our Capital Markets team on a broad range of transactional matters, including institutional loan sales and servicing, credit facilities, securitizations and advising on operations, marketing and strategy related to Capital Markets
- This role will report to the Sr. Corporate Counsel
- Provide creative legal solutions for complex Capital Markets transactions, such as credit facilities and securitizations
- Review and negotiate transaction documents for new clients, including agreements for the sale and servicing of unsecured consumer loans
- Advise Capital Markets on non-disclosure agreements, engagement letters and transaction agreements
- Review and negotiate contracts for existing clients, including multi-party agreements with leverage providers, account control agreements, asset transfer agreements, and back up servicing agreements
- Provide ongoing guidance and support to Capital Markets team for interpretation of existing agreements and client communications
- Coordinate and execute closings of large transactions
- Advise on related strategic, operational and marketing matters
- Devise processes to help support a rapidly-growing business
- Provide occasional support to legal team on commercial agreements
Our take
Prosper is a peer-to-peer lending platform that connects investors with borrowers directly. When it launched in 2005, it was the first of its kind and paved the way for the now crowded peer-to-peer lending market, which includes competitors like Peerform, Upstart, Funding Circle and LendingClub.
The company provides an attractive option by cutting out the middleman and making applications faster, meaning that socially and financially rewarding investments can be made. Prosper is one of the largest and most recognized in this industry, having facilitated billions in loans to over two million borrowers.
In more recent years, Prosper has forged ties with banks to allow it to launch its home equity credit line, indicating a new direction for the company. It continues to develop its offering and remains a force in the market, with no reason to believe it won't continue to succeed.
Freddie
Company Specialist at Welcome to the Jungle
Insights
2% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Sep 2017
$50m
SERIES G
Jan 2013
$20m
LATE VC
Total funding: $153.8m
Company benefits
- Take-what-you-need (paid) vacation for salaried employees
- 20 days of PTO and 7 paid holidays/year for hourly employees
- Stock options
- 401K retirement savings plan with generous matching
- Comprehensive health, dental and vision insurance plans, with options specific to your own health coverage needs
- Prosper Fit - A monthly stipend to use for gym memberships, personal training sessions, yoga and exercise classes, or club sports/fitness fees
- Pre-tax commuter/parking assistance
- Snacks and beverage selections in our kitchen
- Monthly meet-and-greet happy hours
- Perkspot discount programs
- One Medical
- SF Location - Rooftop deck with ping-pong and foosball table
Company HQ
Financial District, San Francisco, CA
Leadership
David Kimball
(Chairman & CEO)Having studied for an MBA at Brigham Young University, David worked in Management at Ford Motor Company for over 10 years, prior to spending another decade at USAA. He left his role as CFO and COO to join Prosper Marketplace in March 2016 as CEO and Chairman.
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