Venture Debt Associate

HSBC; San Francisco (CA); On-site; USD 150,000 - 190,000; Full time

Job summary

HSBC Innovation Banking in San Francisco seeks a Venture Debt Associate to help tech startups scale. You will focus on due diligence, deal structuring and portfolio management, presenting with internal partners on the debt portfolio.

You will meet clients, structure facilities, perform KPI and market analyses, and maintain documentation while collaborating with legal and product teams in a fast-paced, inclusive environment.

Qualifications

• Experience in debt underwriting with a focus on technology sectors.
• Ability to analyze financial statements and business models.
• Strong understanding of capital structures and repayment analysis.
• Curiosity about technology trends and startup/VC ecosystems.
• Ability to work with legal counsel on commercial terms and covenants.

Responsibilities

• Meet with clients and prospects to build relationships.
• Structure venture debt facilities that balance growth and risk.
• Conduct underwriting analyses including KPI, driven/market, forecasting and valuation.
• Maintain accurate internal debt facility documentation and reporting.
• Develop portfolio management framework for regular performance reviews.
• Collaborate with internal partners and HSBC product teams.

Skills

Financial analysis

Debt underwriting

Tech industry knowledge

Credit risk assessment

KPI analysis

Excel

PitchBook

Crunchbase

Tools

PitchBook

Crunchbase

Excel

Job description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

HSBC Innovation Banking provides debt solutions to early stage, high growth and public companies in the technology sector. Our differentiator is a global footprint in 70+ countries as well as a well-rounded banking platform including investment and corporate banking solutions. We are looking for someone who is passionate about the technology sector and innovation ecosystem. Ideally, you have experience in structuring and underwriting debt transactions as well as keen curiosity about high growth innovative technology companies. You will be a critical member of a lean team and primarily focus on due diligence, deal structuring, and portfolio management as well as presenting with internal partners regarding the Innovation Banking division’s debt portfolio.

As our Venture Debt Associate , you will:

• Meet with clients & prospects and help the team in building and maintain relationships with these companies
• Help structure venture debt facilities that encourage balanced growth and protect against downside risk
• Perform key underwriting functions including Key Performance Indicator (KPI) analysis, driven/market analysis, and financial modeling including forecasting, scenario, and valuation analyses
• Ensure accurate internal documentation of debt facilities, financial reporting and internal risk ratings
• Build and maintain a portfolio management framework that ensures timely and concise reviews of financial performance to senior credit approvers
• Review information and communicate on clients' performance internally
• Develop a firm understanding of HSBC’s banking products and markets

You´ll likely have the following qualifications to succeed in this role:

• Ability to analyze business models, financial statements, competitive landscapes, and KPI’s
• Experience in debt underwriting with a focus on technology industries with a particular understanding of risk mitigation, capital structures, and repayment analysis
• Ability to assess and handle credit risks of existing portfolio including covenant compliance, rating changes, and ongoing financial performance
• Constantly curious and has a keen curiosity about technology trends/news as well as a firm understanding of the startup and Venture Capital(VC) ecosystem
• Willingness to wear multiple hats and collaborate with clients and internal partners
• Ability to work alongside legal counsel in negotiating commercial and credit terms
• Proficiency in Excel as well as databases such as Pitchbook or Crunchbase

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

The final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.