What are the responsibilities and job description for the Structured Credit Associate - Private Markets position at Turbine Finance?
Job Summary:
We’re an early-stage fintech company transforming how venture capital is financed, and we’re looking for a dynamic, strategic finance professional to join our team. In this role, you'll help originate, structure, and execute bespoke credit solutions tailored to the private capital markets. You’ll work at the forefront of fund finance and LP lending innovation, underwriting complex credit profiles, assessing both fund- and asset-level risk, and building scalable frameworks that support growth.
As a specialist in this field, you will play a crucial role in helping us make data-driven lending decisions, enhance portfolio management strategies, and optimize our overall performance. This position requires a cross-functional mindset—spanning financial analysis, credit structuring, GTM strategy, partner relations, and operational enablement. You’ll collaborate with capital providers, legal counsel, and venture capital and private equity partners to bring new loan products to life and help unlock liquidity across the venture ecosystem.
Responsibilities:
1. Design and Underwrite Fund Finance Solutions
Originate and structure venture capital/private equity limited partner loans, NAV lines, and bespoke fund credit products by evaluating fund-level financials, portfolio composition, and liquidity scenarios to determine appropriate leverage and risk mitigation strategies.
2. Conduct Full-Cycle Credit Analysis
Lead end-to-end underwriting including borrower due diligence, financial modeling, LTV analysis, scenario stress testing, and qualitative risk assessments across multiple layers of the capital structure.
3. Develop and Operationalize New Lending Products
Translate emerging market needs into new credit products—building underwriting frameworks, eligibility criteria, documentation standards, and internal playbooks to guide cross-team execution.
4. Build and Manage Cross-Functional Workstreams
Coordinate diligence, legal documentation, and credit approvals across internal and external stakeholders, including law firms, capital partners, credit committees, and fund administrators.
5. Own Financial Modeling and Credit Policy Development
Maintain and enhance core underwriting models and credit policies—introducing new metrics, frameworks, and qualitative overlays to adapt to evolving fund structures and borrower needs.
6. Monitor Portfolio Risk and Covenant Compliance
Track borrower performance post-close through quarterly fund reporting, financial covenant monitoring, and real-time review of mark-to-market changes and underlying portfolio events.
7. Craft Internal and External Investment Materials
Prepare investor memos, credit committee decks, and diligence summaries, distilling complex information into concise narratives aligned with institutional credit standards.
8. Institutionalize Knowledge and Scale Execution
Build internal libraries, underwriting templates, and diligence checklists to codify best practices, improve process consistency, and enable scalable team growth.
Requirements
Qualifications:
1. 2–5 years of experience in private credit, fund finance, investment banking, structured finance, or a related field
2. CFA and/or MBA preferred
3. Strong understanding of venture capital and private equity fund structures, including LP/GP dynamics and NAV mechanics
4. Experience underwriting credit risk or evaluating fund-level financials and portfolio performance
5. Comfort working with term sheets, legal docs, and financing agreements; ability to interface with legal counsel
6. Advanced Excel skills required; modeling experience with fund cash flows, LTV, and downside scenarios preferred
7. Familiarity with NAV loans, subscription lines, or hybrid credit facilities a plus
8. Strong analytical and problem-solving skills with the ability to thrive in a fast-paced, ambiguous environment
9. Exceptional written and verbal communication skills; ability to distill complex ideas into clear takeaways
10. Self-starter mindset with a bias toward ownership and execution
11. Passion for transforming private markets infrastructure and a strong interest in fintech innovation
Must be legally authorized to work in the USA. Turbine is not able to sponsor visas at this time.
Benefits
- Health Care Plan (Medical, Dental & Vision)
- Retirement Plan (401k, IRA)
- Unlimited Paid Time Off
- Wellness Resources
- Stock Option Plan