Company Description
Percent is unlocking private credit and providing unparalleled access through its modern marketplace, empowering investors, borrowers, and underwriters with innovative technology to increase the speed and frequency of transactions at a fraction of the cost. The company's core infrastructure delivers public market efficiencies to the analog private credit market by powering the sourcing, structuring, syndication, surveillance and servicing of private credit transactions from beginning to end. Founded in 2018, Percent's platform is becoming the market standard for asset-based and corporate lending, powering over $1.5 billion in transaction volume in a multi-trillion-dollar private credit industry.
Who We're Looking For
We are seeking an Underwriting Full Time Senior Analyst or Associate to join our Underwriting team, to conduct due diligence, review transactions, and summarize findings to internal and external parties for asset-based and corporate debt issuances syndicated on our investment platform. The Underwriting Senior Analyst or Associate will also be involved in monitoring transactions on an ongoing basis. Leveraging Percent's transformative proprietary software, you will solve complex problems to provide financing solutions to a variety of borrowers and underwriters, often with a focus on transactions involving early-stage growth companies in specialty finance and beyond. Such transactions will include both United States and international issuances and cover a broad range of industries, asset classes, and structures.
You should have at least 2 years of experience in credit risk, due diligence, or similar area and have an academic background in finance or economics and must be excited about working for a fast-growing, VC-backed fintech company.
Responsibilities
- Review and analyze investment due diligence materials
- Draft comprehensive credit memos covering key areas such as management, product offerings, industry analysis, corporate controls, financial performance, cash flow modeling, transaction structure, legal documentation, and more
- Identify and clearly articulate credit risks and potential mitigants
- Project and stress-test cash flows for corporate borrowers, as well as securitization portfolios for asset-based transactions
- Synthesize deal information and investment risk factors for inclusion in investor offering materials
- Prepare surveillance reports for investors on a range of asset-based and corporate debt issuances
- Collaborate with team members to establish and maintain credit monitoring and analytics processes
Key Qualifications
- Bachelor's degree in Finance, Economics, or a related field
- Minimum of two years' experience in capital markets, banking, credit risk, credit research, due diligence, or related areas
- Proficiency in advanced Excel or Google Sheets
- Current Series 7 and Series 63 licenses, or willingness to obtain Series 7 and Series 63 (or Series 99) shortly after joining
- Strong financial modeling skills
- Experience drafting investment committee memos
- Exceptional attention to detail
- Ability to thrive in a fast-paced environment, demonstrating a collaborative, yet independent, work style with a curious and proactive mindset
- CFA certification is a plus
Benefits
- Stock Options
- Incentive compensation based on performance and objectives
- Paid Vacation Days
- 100% paid medical coverage for employee/family
- Dental Insurance
- Commuter Stipend
- 401(k)
- Coverage for select continued education and professional development expenses
- Hybrid work environment (at least 2 days a week in office located in midtown NYC)
Compensation Range : $120,000 to $150,000 annually.
Percent is committed to a diverse and inclusive workplace. Percent is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.