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Prosper

Posted 15 days ago

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Corporate Counsel

San FranciscoHybrid

AI Summary

Corporate Counsel at Prosper advises the Capital Markets team on structured finance and secured lending transactions, including credit facilities, securitizations, and institutional loan sales, while negotiating and reviewing related agreements and supporting collections and investor relationships.

About this role

Your Role In Our Mission

We are seeking a highly motivated attorney with experience in structured finance / secured lending to join our legal team as Corporate Counsel. 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 related to our unsecured personal loan and credit card products, including institutional loan sales and servicing, credit facilities, securitizations and advising on operations, marketing and strategy related to Capital Markets. 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. This role will report to the Assistant General Counsel.

How you’ll make an impact

  • 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
  • Track and manage investor relationships on the platform, including monitoring key contract details, obligations, and requirements across investor agreements
  • Coordinate and execute closings of large transactions
  • Support the Collections and Recoveries teams by facilitating debt sale transactions, including negotiating, drafting, and managing debt sale agreements and related documentation
  • Manage and negotiate contracts and ongoing commercial relationships with bank partners, including program agreements, amendments, and related ancillary agreements
  • Advise on related strategic, operational and marketing matters
  • Provide support to the legal team on other commercial agreements, as needed

    • Skills that will help you thrive

  • 4+ of law firm and/or in-house experience with increasing responsibility
  • Experience in capital markets and structured finance
  • Experience leading transactional negotiations
  • Strong interpersonal skills with the ability to collaborate effectively across teams and stakeholders in a fast-paced environment
  • Strong judgment and the ability to balance legal risk with practical business 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 active membership in good standing with a state bar

    • Your roadmap to success

    First 30 Days:
    Learn Prosper’s business, products, and capital markets operations; build key relationships


    By 60 Days:
    Develop substantive expertise in Prosper’s capital markets transactions; begin handling matters with increasing independence


    By 90 Days:
    Operate as the go-to legal resource for capital markets transactions; manage workstreams independently and advise on strategic matters

    Skills

    AmendmentsAsset Transfer AgreementsBack Up Servicing AgreementsCapital MarketsCredit FacilitiesDebt Sale AgreementsEngagement LettersJ.D. DegreeMulti-party AgreementsNon-disclosure AgreementsProgram AgreementsSecured LendingSecuritizationsState Bar MembershipStructured FinanceTransactional Negotiations

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