Manager, Capital Markets, HELOC

Upgrade, Inc.; New York (NY); Hybrid; USD 140,000 - 160,000; Full time

Benefits offered by this job

Competitive salary

Stock option plan

Medical, dental and vision insurance

Flexible PTO

401(k) RRSP program

Professional growth opportunities

Parental leave

Health & wellness initiatives

Job summary

Upgrade, Inc. is seeking a Capital Markets Manager to execute across warehouse facilities, forward flow, and securitizations for our lending products.

Based in San Francisco with a hybrid schedule, you will manage day-to-day deal mechanics and collaborate with Institutional and FI teams to keep transactions moving. The role requires 4+ years in capital markets or asset-backed finance, strong Excel skills, and comfort with coordinating with external counterparties in a fast-paced environment.

Qualifications

• 4+ years of capital markets or asset-backed finance experience.
• Familiar with consumer lending and asset-based financing (warehouse facilities, forward flow, ABS).
• Proficient in Excel; SQL and Tableau a plus.

Responsibilities

• Serve as primary or backup execution support on a subset of Upgrade's lending products with live transactions.
• Own day-to-day deal execution: allocation reports, purchase confirmations, loan tape reviews, funding, settlement, and closing checklists.
• Support warehouse and ABS reporting, covenant monitoring, borrowing base calculations, and investor reporting delivery.
• Review and help negotiate legal documents for structured finance transactions with counsel.
• Analyze collateral performance using Excel, SQL, and Tableau for pricing and surveillance discussions.
• Coordinate with stakeholders to ensure smooth onboarding of investors and funding counterparties.
• Work cross-functionally to support balance sheet management and data integrity across funding channels.
• Take ownership of ad hoc projects as funding programs scale.

Skills

Capital markets experience

Asset-backed finance

Excel

SQL

Tableau

Execution-driven

Tools

SQL

Tableau

Job description

About the Role

We are looking for a Manager to join our Capital Markets team, with a focus on hands-on execution across Upgrade's institutional funding programs — warehouse facilities, forward flow whole loan sales, and securitizations — spanning our lending products (personal loan, home improvement, indirect auto, BNPL, Card and more). This is an execution-oriented seat: you will be the primary or backup point person keeping live transactions moving day to day, working alongside the team's Institutional and FI execution leads.

This position reports into the VP of Capital Markets and is based in our San Francisco office in a hybrid capacity (Tuesdays, Wednesdays, and Thursdays in office).

What You’ll Do

• Serve as primary or backup execution support on a subset of Upgrade's lending products, partnering with the Institutional and FI Execution Leads on live warehouse, forward flow, and securitization transactions
• Own the day to day mechanics of deal execution: allocation reports, purchase confirmations, loan tape reviews, funding and settlement coordination, and closing checklists
• Support warehouse and ABS reporting as a backup owner — covenant monitoring, borrowing base calculations, and timely delivery of investor reporting deliverables, in partnership with the team's warehouse reporting leads
• Review and help negotiate legal documentation for structured finance transactions (purchase agreements, servicing agreements, side letters) alongside internal and outside counsel
• Analyze collateral performance using Excel, SQL, and Tableau to support pricing, structuring, and ongoing surveillance discussions
• Coordinate with Institutional Sale and Investor Ops stakeholders to ensure a smooth experience for bank, credit union, and institutional investor counterparties
• Work cross-functionally with investor sales, credit, product, treasury, and engineering teams to support balance sheet management and data integrity across funding channels
• Support onboarding of new institutional investors, warehouse facilities, and securitization counterparties, including operational setup and due diligence
• Take on ownership of ad hoc projects as the team's funding programs scale

What We Look For

• 4 + years of experience in capital markets, asset-backed finance, or a related consumer lending function.
• Familiarity with consumer lending and credit underwriting, and asset-based/structured finance more broadly (warehouse facilities, forward flow, and/or ABS)
• Proficient in Excel; SQL and/or Tableau experience a plus
• Execution-oriented — comfortable owning deliverables and deadlines on live transactions in a fast-paced environment
• Strong written and verbal communication skills, with the judgment to work directly with external counterparties
• Highly organized, detail-oriented, and strong client service skills

What We Offer You

• Competitive salary and stock option plan
• Medical, dental and vision insurance with employer paid options
• Flexible PTO
• Competitive 401(k) and RRSP program
• Opportunities for professional growth and development
• Paid parental leave
• Health & wellness initiatives

The compensation range of this position in San Francisco, CA and New York, NY is USD $140,000 - $160,000 annually plus equity and benefits. Within this range, an individual's base pay will be dependent on a variety of factors, including without limitation, job-related knowledge, skills, education, and experience.

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