Capital Markets Associate

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Avant is dedicated to building premier digital banking solutions for the middle class through a combination of technology, analytics and superior customer service. Since 2012, Avant has connected over one million customers to $6.5 billion in loans and to 200,000 credit cards. A high growth financial technology company, Avant has been featured in The Wall Street Journal, The New York Times, TechCrunch, Fortune, Bloomberg, and has raised over $600 million of equity capital. Visit www.avant.com for more information.


The Capital Markets Associate will partner directly with the Treasurer/Head of Capital Markets and the CFO and will be responsible for executing all aspects of Avant’s funding activities from investor and lender relationship nurturing and management, funding strategy development, rating agency processes, deal negotiation, transaction execution, market research, market monitoring and other special projects. You will operate within a lean but high impact team and move seamlessly across all aspects of funding a dynamic, established high-growth consumer financial company. You will have access to all senior managers across the firm and have uniquely broad transparency into the firm’s span of business activities and strategic roadmap. This is a high visibility, high impact role within the organization that presents a significant opportunity for upward mobility and career development within the growing Avant organization.


While Avant was founded in 2013 and has a long track record of industry-leading funding market access for its existing consumer credit products, the Capital Markets Associate will also be responsible for developing and executing financing strategies for at least two new consumer product categories over the next 12-18 months.


We are looking for someone with a deep appreciation for capital markets, an interest in the fintech space, and a desire to be part of a lean team responsible for securing the funding Avant needs to achieve its vision to become the premier digital bank.


An ideal candidate will be well-rounded and have the potential (and desire) to become a senior leader at Avant over the long-term.

What you will do at Avant:

  • Partner with Treasurer/Head of Capital Markets, CFO to develop funding strategy
  • Responsible for full-spectrum execution of the funding strategy from investor outreach and external relationship management across the broad fintech landscape to market intelligence and deal negotiation and execution
  • Work with in-house counsel, external counsel, bankers, investors, rating agencies and other market participants to execute financing transactions from start to finish
  • Work cross-functionally with leaders from treasury, FP&A, accounting, risk, product teams as well as the executive suite to develop investor marketing materials and Avant overview presentations
  • Engage in constant two-way dialogue with current and prospective investors, lenders and other capital partners to help inform Avant leadership team of market developments (both in financing markets as well as strategic)
  • Conduct independent market research and intelligence gathering
  • Prospect for, negotiate, and execute whole loan sale agreements, warehouse financing facilities, corporate loans and other types of financing activities
  • Lead the development and distribution of periodic performance and business updates to Avant’s diverse investor following
  • Assist in maintaining databases/lists including investor lists, transaction comparables, and data/performance of Avant’s competitors
  • Manage, oversee, and mentor the analyst on the capital markets team
  • Participate in and represent Avant at ABS conferences throughout the year

Why you are a fit for Avant:

  • 2-5+ years exposure to the debt capital markets (experience advising issuers on consumer ABS execution ideal)
  • Must be able to handle multiple responsibilities under pressure and work “live deal hours”
  • BS/BA degree required, with a major in business, finance, accounting, economics or similar technical field preferred
  • High level of proficiency with Microsoft Office suite (particularly in Excel, Powerpoint) required
  • Excellent work ethic and willingness to contribute broadly to achieve team and company objectives
  • Strong verbal and written communication as well as technical and organizational skills
  • Strong interpersonal skills and is at ease meeting and speaking with internal and external parties on a continual basis
  • Strong analytical skills with attention to detail
  • Ability and willingness to travel occasionally
  • Experience managing junior team members

Why Avant is a fit for you:


At Avant, we believe our values make a difference:

We value, support, and help each other grow

We are committed to active inclusion and diversity

We are transparent and believe the best idea wins

We succeed when our customers succeed

We get sh!t done… responsibly

And we keep it fun!


We believe that ideas are more important than titles, everything is more fun together, everyone drives change, and everyone is an owner. While we believe the perks and benefits that we offer are terrific, nothing excites us more than having the ability to collaborate with intelligent, highly-motivated and talented people on challenging problems as we work to change the face of online lending.


Avant is an equal opportunity employer and individuals seeking employment are considered without regard to race, color, national origin, religion, sex (including pregnancy, sexual orientation or gender identity), age, disability or genetic information or any other factor protected by applicable federal, state or local law, regulation or ordinance.

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Technology we use

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Location

Located in the Merchandise Mart just off Chicago's scenic riverwalk, we're surrounded by trendy restaurants, a thriving startup community, and easy access to public transportation.

An Insider's view of Avant

Margaret, smiling in a grey jacket and black top with a gold necklace

What’s the vibe like in the office?

The diversity of characteristics that make up our team is what makes Avant great. We proactively explore ways to play to the strengths and uniqueness of our culture and stay connected whether Avantees are in person or remote. We are working hard to preserve the key elements of our culture — which are centered around relationships — as we scale.
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Margaret

Chief Operating Officer
Sharity, smiling with her arms crossed, wearing a white top and black jacket

What does your typical day look like?

It starts with reviewing my project prioritization list to determine whether anything should be modified (Legal follows the agile methodology for project management). Then I usually spend my day meeting with business and risk partners where I act as a strategic legal partner. From there, I take the necessary action to address and clear my list.
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Sharity

Senior Manager, Legal
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How has your career grown since starting at the company?

As soon as I started, it was clear that I had the ability to make a difference at the company. My feedback was taken seriously and resulted in multiple different operational changes even though I was in an entry level position. I’ve now been with Avant for more than 9.5 years, and in that time I’ve held more than seven different roles.
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Dave

Director, Compliance Advisory
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What is your vision for the company?

Put simply, our focus is on moving financial lives forward. We do this by offering credit products designed to be within reach for the millions of Americans with non-prime credit. These individuals have historically been underserved and don’t have a lot of options, but we want to change that.
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Amanda

Chief Marketing Officer
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How would you describe the company’s work-life balance?

Avant has a deeply ingrained culture of understanding and empathy towards parents. We all wear multiple hats, and Avant respects that being a parent is one of the most critical roles we can play. From flexible hours to managers encouraging parents to attend their child’s school events, Avantees are encouraged to prioritize their duties as parents.
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Pritam

Senior Manager, Product Management

What are Avant Perks + Benefits

Avant Benefits Overview

We offer group Medical, Dental, and Vision coverage, generous parental leave, commuter benefits, and unlimited vacation time. We have a gym on site at our Chicago office and other great perks like a fully-stocked kitchen with beer on tap, casual dress code, a newly-remodeled office on the Chicago River, and company happy hours.

Culture
Volunteer in local community
We love being in Chicago! We'll run donation drives for local schools, pack lunches for city shelters, host events for young people interested in fintech, and whatever else comes up!
Partners with nonprofits
In 2022, Avant engaged with the community by mentoring underrepresented students and demystifying STEM careers, providing school supplies to children in foster care and cleaning up local parks
Open door policy
OKR operational model
Team based strategic planning
Pair programming
Open office floor plan
Employee resource groups
Quarterly engagement surveys
Hybrid work model
Employee awards
Flexible work schedule
Remote work program
Our remote work program includes work from home and the option for most employees to work remotely as needed.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity manifesto
Mean gender pay gap below 10%
Diversity employee resource groups
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Mental health benefits
Financial & Retirement
401(K)
401(K) matching
Company equity
Performance bonus
Child Care & Parental Leave
Generous parental leave
Family medical leave
Adoption Assistance
Avant's adoption assistance plan provides reimbursement of adoption-related expenses for up to $5,000 per adoption, for up to two adoptions.
Return-to-work program post parental leave
Vacation + Time Off
Unlimited vacation policy
Generous PTO
Paid volunteer time
Paid holidays
Paid sick days
Floating holidays
Office Perks
Commuter benefits
Company-sponsored outings
Free daily meals
In-office Avantees receive a meal stipend for $10/day meal delivery right to our kitchen.
Free snacks and drinks
Company-sponsored happy hours
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
Mother's room
Onsite gym
Professional Development
Job training & conferences
Lunch and learns
Promote from within
Continuing education available during work hours
Online course subscriptions available
Paid industry certifications

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