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
