Upgrade

Director, Capital Markets- Auto

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, FintechIndustries

Requirements

The Director of Auto Capital Markets should possess at least 7 years of experience in Auto Capital Markets, Structured Finance, or Fintech, with a proven track record in whole loan sales, warehouse financing, securitization, and forward flow execution. A strong understanding of secured assets and structured finance markets is required, along with excellent negotiation and relationship management skills to effectively interact with internal and external stakeholders.

Responsibilities

This role involves designing and launching Upgrade’s inaugural Auto ABS securitization program, strategically managing and optimizing multiple Auto warehouse facilities, forecasting financing needs and execution strategy across various transactions, building and expanding forward flow programs, negotiating and managing legal documentation, monitoring internal credit performance, and supporting broader Capital Markets strategy across other Upgrade verticals as needed.

Skills

Capital Markets
Auto ABS Securitization
Securitization Program Launch
Warehouse Financing
Partnership Development
Financial Strategy
Stakeholder Management
Auto Lending

Upgrade

Provides loans, credit cards, and rewards

About Upgrade

Upgrade offers personal loans, credit cards, and rewards checking accounts to help individuals manage their finances. Their personal loans allow borrowing up to $50,000 with fixed rates and no prepayment penalties, while the Upgrade Card provides cash back rewards on various spending categories. What makes Upgrade different is its focus on affordability and user-friendly features, attracting customers looking for flexible credit solutions. The company's goal is to promote responsible financial behavior and long-term financial health through accessible credit options.

San Francisco, CaliforniaHeadquarters
2016Year Founded
$532.1MTotal Funding
SERIES_FCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Parental Leave
Health & wellness initiatives

Risks

Expansion into auto loans increases exposure to credit risk.
Crowded BNPL market may pressure margins for Uplift acquisition.
Investment in new office space may strain resources if growth falters.

Differentiation

Upgrade offers a unique blend of credit and banking products.
The Secured OneCard targets consumers with little or no credit history.
Partnership with FairPlay enhances fairness in lending practices.

Upsides

Expansion into auto loans diversifies Upgrade's product offerings.
Acquisition of Uplift strengthens Upgrade's position in travel financing.
Partnership with Finturf enhances home improvement financing options.

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