Affirm

Senior Counsel, Capital Markets

Affirm$195K — $280K *
US-AnywhereRemote in United States
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of relevant law-firm experience, preferably with in-house exposure in fintech start-ups
  • JD degree from a respected law school and active membership in a US state bar
  • Legal expertise in structured and debt finance, including various lending types and securitizations
  • Strong business judgment and interpersonal skills for effective negotiation
  • Meticulous attention to detail with a proactive approach to problem-solving

Responsibilities

  • Advise capital markets team on sourcing capital strategies and international expansion
  • Support bank partnerships in developing issuer bank networks
  • Lead legal aspects of financing transactions and partner initiatives independently
  • Draft and negotiate capital market documents including credit agreements and loan sales
  • Communicate legal advice clearly and concisely to stakeholders
  • Act as main legal contact for cross-functional teams on capital markets
  • Provide thought leadership on special projects related to bank partnerships

Benefits

  • 100% subsidized health coverage for employees and their dependents
  • Monthly stipends for tech setup and health/wellness options
  • Flexible time off and generous holiday policies
  • Employee stock purchase plan offering discounted stock options
  • Remote-first work environment with flexibility and occasional in-person meetings
Full Job Description
Our legal team is looking to add a Senior Counsel, Capital Markets to our growing Corporate Affairs function. This lawyer will lead and advise on broad-based efforts to build a diversified capitalization strategy. One should have an expert understanding of financing and corporate transactions, along with a desire to learn and grow in a legal role focused on capital markets and finance. In addition, this lawyer should have outstanding organizational and interpersonal skills, be capable of prioritizing responsibilities, and have the desire to work with internal and external customers. This attorney will report to the Director, Capital Markets Counsel and work closely with Affirm's capital markets and bank partnerships business teams. What you'll do • Advise and support the capital markets team in building out the company's network of capital sources and strategies, including capital markets international expansion • Advise and support the bank partnerships team in building out the company's network of originating and card issuing partner banks • Independently lead each financing transaction or bank partner initiative from a legal perspective, from strategy discussions to deal execution and maintenance beyond closing • Draft, review and negotiate all US and international capital markets deal documents, including credit and security agreements, loan sale agreements, indentures, officer certificates, board and shareholder resolutions, and side letters • Demonstrate expert knowledge and understanding of lending and securities laws and regulations relating to capital markets transactions • Communicate legal advice in a clear, concise, and timely manner • Coordinate with cross-functional teams as a capital markets and/or bank partnership legal main point of contact, providing thought leadership on other special projects What we look for • 7+ years of relevant law-firm experience, and we'd prefer some additional in-house experience (particularly if it's from a high-growth fintech start-up) • JD degree from a well-regarded law school and membership (in good standing) in a US state bar • Previous legal experience in structured and/or debt finance--term, revolving, and asset-based lending; warehouse and asset-backed financing; loan sales; securitizations; and creative forms of funding • Outstanding integrity and work ethic • Excellent business judgment and interpersonal skills, to facilitate negotiations with external and internal customers • Strong interpersonal and problem-solving skills, meticulous attention to detail, maturity, an eye for business, proactivity, and an excellent attitude • Proven experience as a key contributing member of a high performing team • Self-motivation and ability to take ownership of projects • Natural self-starter, with the ability to work efficiently (both solo and as part of a team) Base Pay Grade - O Equity Grade - 8 Employees new to Affirm typically come in at the start of the pay range. Affirm focuses on providing a simple and transparent pay structure which is based on a variety of factors, including location, experience and job-related skills. Base pay is part of a total compensation package that may include equity rewards, monthly stipends for health, wellness and tech spending, and benefits (including 100% subsidized medical coverage, dental and vision for you and your dependents.) USA base pay range (CA, WA, NY, NJ, CT) per year: $220,000 - $280,000 USA base pay range (all other U.S. states) per year: $195,000 - $255,000 Please note that visa sponsorship is not available for this position. #LI-Remote Remote-first with flexibility built in Affirm is proud to be a remote-first company. Most roles can be done from almost anywhere within the country of employment. Some positions may occasionally require in-person work at an Affirm office, and a few are office-based due to the nature of the work. All new hires will be invited to attend an in-person onboarding experience. Benefits designed for you Our benefits reflect our commitment to care, transparency, and flexibility. Here are a few highlights: • Health coverage at no cost: We cover 100% of premiums for employees and their dependents. • Spending stipends: Monthly stipends support your tech setup, and the ability to choose health and wellness options that are right for you. • Time off to recharge: Flexible time off and generous holiday calendars help you rest when you need to. • Own a piece of what you build: Our employee stock purchase plan (ESPP) lets you buy Affirm stock at a discount.

About Affirm

Affirm is a publicly traded financial technology company headquartered in San Francisco, United States. Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase. Affirm was founded in 2012 by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell as part of the initial portfolio of startup studio HVF. Levchin, who co-founded PayPal, became CEO of Affirm in 2014. In October 2017, the company launched a consumer app that allowed loans for purchases at any retailer. The company announced a partnership with Walmart in February 2019. Under the partnership, Affirm is available to customers in-store and on the Walmart website. Affirm has partnered with e-commerce platforms including Shopify, BigCommerce, and Zen-Cart. On November 18, 2020, Affirm filed with the Securities and Exchange Commission in preparation for an initial public offering. On December 12, 2020, it was reported that Affirm had postponed its IPO. On January 13, 2021, Affirm became listed on NASDAQ with symbol AFRM, raising about $1.2 billion in its IPO. By the next day, the price of shares had doubled, making Levchin's stake worth about $2.5 billion. In May 2021, Affirm acquired Returnly, a financial technology service company, for $300 million.
Learn more about Affirm
Size
1,300 employees
Market Cap
$2.5 billion
Industry
Net Income
-$97.6 million
Founded
2012
Revenue
$617.1 million
NASDAQ

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