Venture Debt Associate Attorney

Ascendion; New York (NY); On-site; USD 225,000 - 275,000; Full time

Benefits offered by this job

Full Benefits (Medical, Dental)

Flexible schedule + PTO

Job summary

Ascendion seeks a Venture Debt Associate Attorney with 5+ years of debt finance experience including venture debt and private credit, admitted in New York (Delaware a plus). The candidate will advise lenders and borrowers, draft and negotiate loan and security documents, and structure asset-based facilities beyond traditional term loans.

You will manage multiple transactions with strong drafting, negotiation, and communication skills, while handling diligence and closing logistics across complex

Qualifications

• Admitted and in good standing in New York; Delaware admission a plus.
• 5+ years of law firm experience in debt finance; venture debt and private credit.
• Knowledge of UCC Article 9 and secured transactions, including perfection by control, intercreditor and subordination arrangements.

Responsibilities

• Advise lenders and borrowers on term sheets and transaction structure.
• Draft, review and negotiate loan and security agreements, credit agreements, promissory notes, guaranties, pledge agreements, receivables purchase agreements, and intercreditor and subordination agreements.
• Structure and document asset-based facilities, term loans (including delayed-draw and acquisition financing), revolving and working capital facilities, receivables and forward flow programs, warehouse facilities and equipment financings.
• Prepare and negotiate warrants and related equity instruments issued alongside debt financings.
• Run diligence, lien and litigation searches, UCC filings, deposit and securities account control arrangements, and closing mechanics, including conditions precedent and funding logistics.

Skills

Debt finance

Venture debt

Private credit

UCC Article 9

Intercreditor

Subordination

Drafting

Negotiation

Communication

Forward flow

Education

New York Bar

Tools

None

Job description

We are working with a a growing, award winning law firm, boutique law firm, looking to bring on an Venture Debt Associate Attorney. Specifically, they are looking for someone with 5+ years of Debt finance experience, which includes venture debt and private credit.

Qualifications:

• Admitted and in good standing in New York. Delaware admission is a plus.
• 5+ years of law firm experience in debt finance, representing lenders, borrowers or both in venture debt, private credit, asset-based or specialty finance transactions.
• Working knowledge of UCC Article 9 and secured transactions, including perfection by control, and intercreditor and subordination arrangements.
• Strong drafting, negotiation and communication skills, and the ability to carry several transactions at once without supervision on the mechanics.
• Desirable: Forward flow, warehouse or securitization-adjacent structures. Merchant cash advance, revenue purchase or other receivables assets. Clients in fintech, e-commerce, consumer goods or SaaS.

Responsibilities:

• Advise lenders and borrowers on term sheets and transaction structure.
• Draft, review and negotiate loan and security agreements, credit agreements, promissory notes, guaranties, pledge agreements, receivables purchase agreements, and intercreditor and subordination agreements.
• Structure and document asset-based facilities, term loans (including delayed-draw and acquisition financing), revolving and working capital facilities, receivables and forward flow programs, warehouse facilities and equipment financings.
• Prepare and negotiate warrants and related equity instruments issued alongside debt financings.
• Run diligence, lien and litigation searches, UCC filings, deposit and securities account control arrangements, and closing mechanics, including conditions precedent and funding logistics.

The annual salary for this position is between 225k-275k. Factors which may affect pay within this range may include geography/market, skills, education, experience and other qualifications of the successful candidate.

• Full Benefits offered - Medical, Dental, etc.
• Flexible work schedule + PTO + Vacation time