About the role
At Setpoint Capital, we focus on asset-backed private credit investments where we can bring unique value through our technology, operations, and insights. We integrate financial expertise with operational excellence to create capital solutions that enhance efficiency for our partners and investors.
Setpoint Capital is looking for a Senior Counsel to join our team!
This is an opportunity to use your legal expertise to have a big impact on a growing credit platform. Reporting to our General Counsel, you will help to oversee credit transactions.
Who will love this job
- A deal enthusiast: You love working on transactions and enjoy taking ownership to manage all of the pieces to bring a transaction to close.
- A negotiator and problem solver: You make decisions and provide practical guidance based on not only your legal background but also reasoning that aligns with the company’s commercial interests.
- A great communicator: You possess excellent written and verbal communication skills and attention to detail without significant oversight.
- A multi-tasker with strong organizational skills: You can manage multiple priorities and set frameworks for how to execute them effectively within their deadlines.
What you’ll do
- Work closely with the Managing Director and Investment Principals, draft and negotiate credit facility documentation, including term sheets, loan agreements, master repurchase agreements, amendments and other miscellaneous agreements.
- Coordinate transactions across other Setpoint Capital functions, including regulatory, custody and compliance
- Oversee closings and manage outside counsel.
- Keep up to speed with industry trends and legal and regulatory market changes.
You should have
- 7+ years of experience at a top law firm drafting and negotiating a variety of credit agreements and related documentation, including asset backed facilities. Experience with real estate collateral is a plus. In-house experience preferred but not required.
- Ability to prioritize appropriately, and meet deadlines in a high-pressure environment.
- JD degree from a top tier law school, admission to the New York or Texas bar in Good Standing.
- Flexible, positive, and team oriented approach to work.
Setpoint Capital (“SPC”) is an alternative asset manager focused on asset-backed private credit with over $900 million assets under management. SPC delivers tailored asset-backed credit solutions for corporate borrowers, primarily with US residential real estate assets as collateral. Our unique approach combines deep expertise, purpose-built technology, and strategic relationships to unlock consistent risk-adjusted returns.
For all our employees, we offer a full slate of benefits from competitive salaries, stock options, medical, dental and vision coverage, 401k, disability coverage, and flexible vacation. Setpoint has offices in Austin, New York, and Salt Lake City, UT and we’re currently hiring remote team members for specific roles.
Compensation: $270,000-$300,000 OTE dependent on multiple factors, which may include the candidate's skills, experience, location, and other qualifications.
Setpoint provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
