Corporate Counsel

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

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Compensation details: The salary for this position is $193,000 - $241,000 annually, plus bonus and generous benefits. In determining your salary, we will consider your location, experience, and other job-related factors.