Job Description — Associate
Location: San Francisco / New York
i80 Group is a specialty finance investment manager, providing capital and support to breakthrough fintech and proptech companies. We provide creative and flexible asset-based facilities used to fund origination of loans and other collateral. We typically work with companies to provide financings starting at $25mm and scaling significantly thereafter.
i80’s capital is a complement to institutional equity (VC/PE). Whereas equity is typically used to finance the underlying operating business, i80’s credit is used to cost-effectively originate collateralizable assets (real estate, equipment, receivables, loan pools, etc). Rather than offering a one-size-fits-all structure, we design bespoke solutions specific to the unique needs of our partners.
About the Associate Role:
i80’s Associate will work as a core member of the Investment Team and contribute to a broad range of functions including: credit analysis, financial statement / model review, scenario modeling, deal execution, portfolio monitoring, and certain sourcing activities. We are looking for an individual who is passionate about fintech with a strong understanding of asset-backed corporate finance fundamentals.
Responsibilities:
- Underwrite investment opportunities utilizing collateral-specific credit analyses (e.g. building collections / charge-off curves, measuring loss coverages, calculating investment returns)
- Review diligence materials with a focus on evaluating and manipulating loan tapes to perform credit analysis
- Exhibit subject matter expertise across financial statement analysis and fixed income transaction mechanics
- Work fluently with large and diverse datasets
- Prepare investment memos with a strong attention to detail
- Participate in and support various aspects of the deal execution process
- Monitor portfolio companies to ensure accurate reporting and generate performance reviews
- Aid in deal sourcing by identifying emerging companies and organizing initial meetings
- Develop various pieces of marketing content to build i80’s brand
Qualifications:
- Bachelor’s degree
- 3–5 years of experience across private credit investing, investment banking, debt capital markets / leveraged finance, structured / asset-based finance, restructuring
- Strong knowledge of credit underwriting and accounting principles
- Advanced Excel skills (Alteryx a plus)
Other desired skills:
- Strong written and verbal communication skills
- Highly organized with ability to multi-task and manage priorities against key deadlines
- Must be able to work independently, but contribute in a team-oriented environment
- Acute attention to accuracy and detail
- No ego
If you believe you are a fit please send your resume and a few sentences about yourself to resumes@i80group.com
