About the role

Behind many of life’s most important transactions — buying a house, applying for a mortgage, getting a small business loan, or refinancing a credit card — is a network of credit relationships. Setpoint provides critical infrastructure for relationships between the world’s largest banks, credit funds and capital markets counterparties. We’re building trust in this system of credit. 

We are looking for a Senior Counsel to join our team!

This is an opportunity to use your legal expertise to have a big impact on a growing credit platform and technology company. Reporting to our General Counsel, you will help to oversee credit transactions.

Who will love this job

• A deal enthusiast-You love working on transactions and enjoy taking ownership to manage all of the pieces to bring a transaction to close
• A negotiator and problem solver – you make decisions and provide practical guidance based on not only your legal background but also reasoning that aligns with the company’s commercial interests
• A great communicator – you possess excellent written and verbal communication skills and attention to detail without significant oversight
• A multi-tasker with strong organizational skills – you can manage multiple priorities and set frameworks for how to execute them effectively within their deadlines

What you’ll do

• Working closely with the Chief Investment Officer and Managing Director of our emerging Investment Advisor, draft and negotiate credit facility documentation, prepare issues lists, oversee closings and manage outside counsel
• Draft and negotiate loan documentation in connection with our Technology platform services and our Capital Solutions team
• Assist in the development of contract templates
• Keep up to speed with industry trends and legal and regulatory market changes affecting our private credit business.

You should have

• 3+ years of experience at a top law firm drafting and negotiating a variety of credit agreements and related documentation, including asset backed facilities. Experience with real estate collateral is a plus. In-house experience preferred but not required
• Ability to prioritize appropriately, and meet deadlines in a high-pressure environment
• JD degree from a top tier law school, admission to the New York or Texas bar in Good Standing
• Flexible, positive, and team oriented approach to work

Setpoint provides purpose-built capital and technology to asset-backed borrowers and lenders. Our platform is the funding operating system for originators: it verifies and stores documents; automates critical calculations and compliance reporting; and digitizes assets like homes or cars. Setpoint’s technology makes warehouse transactions instant and error free.

In December 2022, Setpoint announced a $43M Series A led by Andreessen Horowitz with participation from Stonecroft, 75andSunny, FifthWall, 645 Ventures, NextView Ventures, LiveOak Venture Partners, Vesta Ventures, and ATX Venture Partners. 

For all our employees, we offer a full slate of benefits from competitive salaries, stock options, medical, dental and vision coverage, 401k, disability coverage, and flexible vacation. Setpoint has offices in Austin, New York, and Park City, UT and we’re currently hiring remote team members for specific roles. Setpoint offers a flexible hybrid work model so employees can do their best work in or out of the office.

Compensation 

New York City (Hybrid or Remote): $190,000 - $230,000 base salary dependent on several factors including qualifications, skills, competencies, and relevant experience.

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance based incentive compensation, which may include a cash bonus or stock options.

Setpoint provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.