The Petal mission

Petal’s mission is to bring financial opportunity and innovation to everyone. 

We're pioneering a new approach to credit, by analyzing an applicant’s banking history, in addition to credit history, to determine their creditworthiness. We call this technology a Cash Score — and it takes into account income, spending, and savings. It’s currently helping thousands of people qualify for credit at better rates, even if they’ve never had it before. 

We bring the same ingenuity to our credit card products. Our simple and intuitive app gives members access to credit score tracking, budgeting tools, subscription management, and automated payment options—everything they need to make financial progress. 

Now more than ever, Americans need help improving their credit safely, responsibly, and affordably. If this sounds like something you’d like to be a part of, apply now, and let’s change this trillion-dollar industry together. 

At Petal, we're looking for people with kindness, positivity, and integrity. You're encouraged to apply even if your experience doesn't precisely match the job description. Your skills and potential will stand out—and set you apart—especially if your career has taken some extraordinary twists and turns. At Petal, we welcome diverse perspectives from people who think rigorously and aren't afraid to challenge assumptions.

The Capital Markets Associate role

Petal is looking for a Capital Markets Associate to help scale our Capital Markets function to handle the tremendous growth of our cardmembers, employees, and the overall business that we’ve experienced since our initial card launch. Capital Markets is responsible for developing and implementing the strategy for funding our loans - as well providing key inputs to Petal’s broader product development and strategy. The Capital Markets Associate will play a key role in developing and executing Petal’s Capital Markets strategy. 

The ideal candidate possesses strong technical skills, is an excellent written and verbal communicator, has prior capital markets and/or structured finance experience, has a sharp eye for details, and is always excited to learn.

This role will report into the VP of Capital Markets.

Key responsibilities:

• Create and maintain complex financial models
• Draft compelling marketing materials for capital raising activities
• Engage with a variety of market participants including banks, investors and rating agencies
• Anticipate and construct compelling sensitivities that are critical to investors and management
• Identify, prioritize and solve ongoing business requirements
• Participate in the creation of materials for board of directors meetings and updates
• Collaborate in strategic planning with finance, risk, marketing and other functions

Characteristics of a successful candidate:

• 3+ years of experience in debt capital markets at an ABS issuer (including online lending platforms), investment bank (FIG, or ABS banking or trading) or asset manager
• Exposure to ABS financing transactions as well as complex balance sheet modeling and forecasting
• Exceptional financial modeling skills, with an ability to work quickly with little oversight
• Significant attention to detail, both in a quantitative and qualitative sense
• Strong self-management, drive, and organizational skills 
• Ability to multi-task in a fast-paced, ambiguous environment is essential
• Insatiable curiosity to learn

Nice-to-haves:

• STEM background and/or business degree (undergrad or MBA)
• Experience with SQL or Python is a plus

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