Capital Markets Associate

hadrian.co; Los Angeles (CA); Sur place; USD 130 000 - 157 000; Plein temps

Avantages offerts par ce poste

Medical, dental, vision, and life

401k

Relocation support

Flexible vacation

Equity

Résumé du poste

Hadrian is seeking a Capital Markets professional to partner with the CFO and finance leadership, building debt, equity, and alternative financing models to guide growth. You will deliver lender materials, liquidity assessments, and market analyses while coordinating with Treasury, FP&A, Accounting, and Legal to ensure alignment with Hadrian’s strategic plans.

The role sits at the intersection of finance, strategy, and advanced manufacturing, offering exposure to large-scale projects and

Qualifications

• 3+ years of relative experience in a Capital Markets role.
• Advanced Excel modeling with dynamic, from-scratch work and no hardcoding.
• Credit fluency: leverage, coverage, debt capacity, cash flow and liquidity forecasting.
• Familiarity with financing instruments (revolvers, term loans, private credit, ABLs, HY bonds) and related terms.
• Clear written and oral communication: memos, lender presentations, board materials.
• High ownership, curiosity, attention to detail, and ability to drive deliverables independently in a fast-paced environment.

Responsabilités

• Build and maintain dynamic capital structure, debt capacity, and liquidity models.
• Support debt and equity financings through model maintenance and data-room prep.
• Prepare lender, investor, Board, and Exec-facing materials and recommendations.
• Own recurring lender reporting and credit agreement compliance in partnership with Treasury/Accounting.
• Track capital markets activity and maintain a financing comps database for Hadrian.
• Evaluate financing for large capital projects including project-level returns and lease/finance options.
• Collaborate with FP&A and cross-functional teams to align models with operating plans and forecasts.
• Create reusable analytical infrastructure (templates, libraries) for the team.
• Support relationship management with banks, lenders, and investors; assist with potential rating agency prep.

Connaissances

Advanced Excel

Credit analysis

Capital markets

Financing instruments

Communication skills

Ownership & initiative

Outils

VBA

Python

SQL

Description du poste

HADRIAN - MANUFACTURING THE FUTURE

Hadrian is building autonomous factories to reindustrialize America. By combining AI, advanced software, robotics, and full-stack manufacturing, we help aerospace and defense companies build rockets, satellites, aircraft, ships, and other mission-critical systems up to 10x faster and at significantly lower cost.

Following our $1.37B Series D at a $7.87B valuation, Hadrian is rapidly expanding our manufacturing footprint, launching new capabilities across welding, casting, forging, electronics, additive manufacturing, and more, while scaling our Factory-as-a-Service platform to transform how critical products are built.

Backed by leading investors including JPMorgan Chase, Valor Equity Partners, Andreessen Horowitz, Founders Fund, 137 Ventures, Lux Capital, T. Rowe Price, and Morgan Stanley, we’re building the future of American manufacturing—and looking for exceptional people to help make it happen.

If you’re ready to take on the most challenging and rewarding work of your career while helping create American manufacturing jobs for generations to come, you’re exactly who we’re looking for.

THE ROLE

This person is the analytical and execution engine of Hadrian’s capital markets function, partnering directly with the CFO and finance leadership to fund Hadrian’s growth across debt, equity, and alternative financing. They will live in capital structure models and market data, building the work product that drives financing strategy: debt capacity and sources-and-uses analyses, credit and liquidity models, financing comps across HY bonds, term loans, revolvers, and private credit, and the lender and investor materials that support live processes. They will own discrete workstreams end to end (a financing model, a lender presentation, a covenant compliance package, a market update) under the direction of finance leadership, rather than owning transactions in full, working alongside Treasury, FP&A, Accounting, and Legal to keep financing work aligned with the broader business. The role sits at the intersection of finance, strategy, and the defense / advanced-manufacturing market, and scales as Hadrian’s capital needs and financing cadence grow.

WHAT YOU’LL DO

• Build and maintain fully dynamic capital structure, debt capacity, and liquidity models, including sources and uses, pro forma leverage and coverage, covenant headroom, and financing scenario analysis.
• Support execution of debt and equity financings (revolvers, term loans, private credit, equipment and facility financing, government-backed loans, and equity raises) through model maintenance, data-room build-out, lender Q&A, and term-sheet comparison.
• Prepare high-quality lender-, investor-, Board-, and Exec-facing materials, including lender presentations, credit memos, and financing recommendations.
• Own recurring lender reporting and credit agreement compliance (compliance certificates, borrowing base and covenant calculations, reporting calendars) in partnership with Treasury and Accounting.
• Track debt and equity capital markets across A&D, industrials, and defense tech, maintaining a financing comps database (pricing, leverage, covenants, structure) to benchmark Hadrian’s options.
• Evaluate financing for large capital projects (new factories, machine capex) including project-level returns, lease vs. buy, equipment financing, and sale-leaseback alternatives.
• Partner with FP&A and cross-functional teams to keep financing models aligned with the operating plan, cash forecast, and corporate financial reporting.
• Build and maintain reusable analytical infrastructure (model templates, formatting standards, comp libraries) for the team.
• Support relationship management with banks, lenders, and investors, and help prepare for potential future rating agency engagement and public-market readiness.

WHAT WE’RE LOOKING FOR

• 3+ years of relative experience in a Capital Markets role
• Advanced Excel financial modeling: fully dynamic models built from scratch with lookup / index-match / sumifs discipline, clean formatting conventions, and no hardcodes in formula cells.
• Credit fluency: leverage and coverage analysis, debt capacity, cash flow and liquidity forecasting, and the ability to defend assumptions to lenders and leadership.
• Command of financing instruments and mechanics (e.g., revolvers vs. term loans, ABLs, HY bonds, converts, private credit, preferred equity, warrants) including pricing, covenants, security packages, and key credit agreement terms.
• Clear written and oral communication: credit memos, lender presentations, one-pagers, and board-quality deliverables, with the ability to present materials to leadership and work cross-functionally.
• High ownership and curiosity, strong attention to detail, and comfort owning deliverables with minimal oversight in a fast-paced, scrappy environment.

WHAT WILL SET YOU APART

• Prior DCM, leveraged finance, restructuring, private credit, or corporate treasury / capital markets experience, ideally covering industrials, defense, or deep tech.
• Familiarity with A&D and advanced-manufacturing markets and the players in them.
• Exposure to project finance and large-scale capital investment analysis (facility buildouts, infrastructure, capex-heavy programs).
• Experience reviewing or negotiating credit agreements, term sheets, and commitment papers with high attention to detail.
• Familiarity with government financing programs (e.g., DoD Office of Strategic Capital, DPA Title III, state and local incentives) and how they fit into a capital stack.
• Working knowledge of defense contracting and government cost accounting (FAR, CAS, DCAA, contract types) and how they shape cash flow and credit profile.
• Intermediate accounting knowledge (debt accounting, leases, equity instruments) and comfort building lightweight tooling/automation (e.g., VBA, Python, SQL) to scale analytical work.
• A network across the lender, credit investor, and defense / space / manufacturing investor ecosystem.

COMPENSATION

For this role, the target salary range is $130,000 - $157,000 (actual range may vary based on experience).

This is the lowest to highest salary we reasonably and in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors, including, but not limited to, relevant education, qualifications, certifications, experience, skills, geographic location, performance, and business or organizational needs.

BENEFITS FOR FULL-TIME EMPLOYEES

• Medical, dental, vision, and life insurance plans for employees
• 401k
• Relocation support may be provided for certain situations, based on business need.
• Flexible vacation policy
• Equity

ITAR REQUIREMENTS

To conform to U.S. Government export regulations, including the International Traffic in Arms Regulations (ITAR) you must be a U.S. citizen or national, lawful permanent resident, protected individual as defined by 8 U.S.C. 1324b(a)(3), or eligible to obtain the required authorizations from the U.S. Department of State. Learn more about the ITAR here.

USE OF AI IN HIRING

Hadrian uses AI-assisted tools in our recruiting and hiring processes to help our team work more efficiently. This may include tools that help organize and analyze recruiting data, as well as an AI-powered notetaker that can record and transcribe interviews and help coordinate feedback. These tools support our team and are not used to make hiring decisions. All candidate evaluations and hiring decisions are performed by humans. If an interview will be recorded, you will be notified in advance and may opt out at any time with no impact on your candidacy. Candidate data processed through these tools is subject to the same protections described in our Privacy Policy https://www.hadrian.co/privacy-policy.

CONSIDERATION OF CRIMINAL HISTORY

Hadrian will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of all applicable laws. We do not ask about criminal history on our application, and we do not consider criminal history before making a conditional offer of employment.

HADRIAN IS AN EQUAL OPPORTUNITY EMPLOYER

Hadrian does not unlawfully discriminate on the basis of race, color, religion, gender, national origin/ethnicity, veteran status, disability status, age, sexual orientation, marital status, mental status, physical disability or any other legally protected status. When necessary, the Company also makes reasonable accommodations for disabled candidates and employees, including for candidates or employees who are disabled by pregnancy, childbirth, or related medical conditions.