A peer-to-peer online credit platform that enables its members to lend and borrow money from each other.
Who Are We?
Prosper is built on a simple idea: connect people who want to borrow money with those that have money to invest. Prosper is an online marketplace that gives borrowers access to individual and institutional investors. Borrowers get low, fixed rates with no hidden fees or prepayment penalties. Investors can earn great returns through the platform’s data-driven underwriting for personal loans, creating a new and diverse investment opportunity. Through Prosper, more than $10 billion in personal loans have helped borrowers consolidate their credit card debt, pay for large purchases, make home improvements and cover medical expenses. Prosper Marketplace is headquartered in San Francisco and has operations in Phoenix. The Prosper marketplace lending platform is owned by Prosper Funding LLC. For more information visit: www.prosper.com and follow Prosper on Twitter @ProsperLoans.
What We Need
Corporate Counsel plays an integral role in advising the Prosper’s capital markets team on issues related to the secruitization program, large transactions, negotiation of contracts, and ongoing communications with investors. This attorney is able to thrive in a fast-paced, complex environment, and is comfortable advising all levels of the business and management on relevant legal issues.
What You Will Do
Provide creative legal solutions for complex capital markets transactions
Provide advice to capital markets team regarding transaction related documents, including non-disclosure agreements, engagement letters and transaction agreements
Review and negotiate transaction documents for new clients, including agreements for the sale and servicing of unsecured consumer loans
Review and negotiate ancillary documents 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
Liaise with legal team on securities and compliance issues affecting capital markets
Coordinate and execute closings of large transactions
Maintain and update closing files
Analyze and summarize existing agreement terms
Devise processes to help support a rapidly-growing business
What You Will Need To Have
Experience in capital markets and structured finance
Experience leading negotiations of contracts or transactions
Great interpersonal skills and ability to collaborate and communicate with a variety of stakeholders in a fast-paced environment
Exceptional judgment and creativity, with the ability to think strategically and give practical advice appropriately balancing legal, pragmatic and business-focused objectives
Demonstrated ability to take ownership and resolve issues with minimal supervision
Detail-oriented 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
D. degree and be a state bar member in good standing
At least three years of combined law firm, government and/or in-house legal department experience, with increasing or suitable responsibility
What’s In It For You
In addition to working for a world class FinTech company and having a lot of fun doing it, Prosper provides its employees an excellent compensation and benefits plan. The plan includes incentive bonuses, stock options, company paid health, dental and vision insurance, paid vacation time, 401k with employer match and even fitness reimbursement and commuting reimbursement benefits.