Corporate Counsel

Prosper Marketplace; San Francisco (CA); On-site; USD 193,000 - 241,000; Full time

Job summary

Prosper Marketplace is seeking a highly capable Corporate Counsel with experience in structured finance and secured lending to support our Capital Markets team. You will handle a broad range of transactional matters, including securitizations, credit facilities and servicing agreements for unsecured personal loans and credit cards.

The role demands strong negotiation, sharp business judgment, and the ability to work across teams in a fast-paced environment.

Qualifications

• J.D. degree with active state bar membership.
• 4+ years of law firm and/or in-house experience with increasing responsibility.
• Experience in capital markets and structured finance.

Responsibilities

• Provide creative legal solutions for Capital Markets transactions, including credit facilities and securitizations.
• Review and negotiate transaction documents for new clients, including sale and servicing of unsecured loans.
• Advise on NDAs, engagement letters and transaction agreements.
• Negotiate contracts for existing clients, including multi-party agreements with banks and leverage providers.
• Provide guidance and interpretation of existing agreements to Capital Markets team.
• Track investor relationships and monitor contract details across investor agreements.
• Coordinate and execute closings of large transactions.
• Support debt sale transactions and related documentation for Collections and Recoveries.
• Negotiate and manage bank programs and ancillary agreements.
• Advise on strategic, operational and marketing matters.
• Assist with other commercial agreements as needed.

Skills

Capital markets

Structured finance

Negotiation

Interpersonal skills

Judgment and risk balance

Ownership and initiative

Attention to detail

Multi-project management

Written and oral communication

J.D. degree and bar admission

Education

J.D. degree

Job description

Your Role In Our Mission

We are seeking a highly motivated attorney with experience in structured finance / secured lending to join our legal team as Corporate Counsel. This person will play a key role in Prosper’s business, partnering closely with our Capital Markets team on a broad range of transactional matters related to our unsecured personal loan and credit card products, including institutional loan sales and servicing, credit facilities, securitizations and advising on operations, marketing and strategy related to Capital Markets. This attorney is collaborative, able to thrive in a fast-paced, complex environment, and is comfortable advising all levels of the business and management on relevant legal issues. This role will report to the Assistant General Counsel.

Your Role In Our Mission

We are seeking a highly motivated attorney with experience in structured finance / secured lending to join our legal team as Corporate Counsel. This person will play a key role in Prosper’s business, partnering closely with our Capital Markets team on a broad range of transactional matters related to our unsecured personal loan and credit card products, including institutional loan sales and servicing, credit facilities, securitizations and advising on operations, marketing and strategy related to Capital Markets. This attorney is collaborative, able to thrive in a fast-paced, complex environment, and is comfortable advising all levels of the business and management on relevant legal issues. This role will report to the Assistant General Counsel.

How You’ll Make An Impact

• Provide creative legal solutions for complex Capital Markets transactions, such as credit facilities and securitizations
• Review and negotiate transaction documents for new clients, including agreements for the sale and servicing of unsecured consumer loans
• Advise Capital Markets on non-disclosure agreements, engagement letters and transaction agreements
• Review and negotiate contracts for existing clients, including multi-party agreements with leverage providers, account control agreements, asset transfer agreements, and backup servicing agreements
• Provide ongoing guidance and support to Capital Markets team for interpretation of existing agreements and client communications
• Track and manage investor relationships on the platform, including monitoring key contract details, obligations, and requirements across investor agreements
• Coordinate and execute closings of large transactions
• Support the Collections and Recoveries teams by facilitating debt sale transactions, including negotiating, drafting, and managing debt sale agreements and related documentation
• Manage and negotiate contracts and ongoing commercial relationships with bank partners, including program agreements, amendments, and related ancillary agreements
• Advise on related strategic, operational and marketing matters
• Provide support to the legal team on other commercial agreements, as needed

Skills That Will Help You Thrive

• 4+ of law firm and/or in-house experience with increasing responsibility
• Experience in capital markets and structured finance
• Experience leading transactional negotiations
• Strong interpersonal skills with the ability to collaborate effectively across teams and stakeholders in a fast-paced environment
• Strong judgment and the ability to balance legal risk with practical business objectives
• Demonstrated ability to take ownership and resolve issues with minimal supervision
• Attention to detail, with excellent organizational skills and strong work ethic
• Proven ability to manage multiple projects concurrently in an evolving environment
• Effective and persuasive written and oral communication skills
• J.D. degree and active membership in good standing with a state bar

Your roadmap to success

First 30 Days:

Learn Prosper’s business, products, and capital markets operations; build key relationships

By 60 Days:

Develop substantive expertise in Prosper’s capital markets transactions; begin handling matters with increasing independence

By 90 Days:

Operate as the go-to legal resource for capital markets transactions; manage workstreams independently and advise on strategic matters

$193,000 - $241,000 a year

Compensation details: The salary for this position is $193,000 - $241,000 annually, plus bonus and generous benefits. In determining your salary, we will consider your location, experience, and other job-related factors.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgement. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.