Assistant General Counsel and Loan Operations Specialist
Location: US, VA, Reston
Department: Operations
Employment type: Full-time
Required education: Professional
Industry: Financial Services
Function: Legal
Company profile: Fundation is a technology-empowered direct lender that delivers small balance commercial loans nationwide. The firm provides fixed rate loans up to $500,000 using its own capital. Fundation fills a void in the small balance commercial loan market by offering loans to businesses that banks are unwilling or unable to lend to, and those that desire a simplified process, with capital on terms that will enable them to grow.
Description: DESCRIPTIONFundation is a a fast growing private equity backed commercial lender dedicated to enhancing the borrowing process for small business owners across the United States.  As a technology-empowered lender, we can make faster and smarter lending decisions. As a non-bank lender, we can deliver capital to more borrowers with varying credit profiles.We are seeking to add a passionate, hard working professional to join our growing operations department.  This is an opportunity to work for a company with a high-energy, collaborative culture where your opinion matters on all functional areas within the business and to interact with the senior management team. THE ROLEThe Assistant General Counsel will have the opportunity to assist the company with various aspects of regulatory compliance, corporate transaction and general corporate matters.  This position will also allow you to develop strategic loan workout skills by helping manage the company's portfolio of delinquent and defaulted loans.  Finally, this position will allow you to build your business acumen and financial product knowledge to develop your career at Fundation Group LLC.  This role will be responsible for:Provide legal research, advice and support on a variety of matters that impact the company including compliance with federal and state lending laws, laws applicable to loan servicing and collections and laws and other regulations that may impact new productsPrepare written communication for senior management and update the management team on legislative, regulatory, and industry issuesAssist with structuring and drafting of corporate finance transactions and monitor facility covenant compliance, prepare and review basic financial documents and agreements, including accounting and tax engagement letters, bank account agreements, contracts with service providers, etc.Act as liaison with company’s outside counsel law firms in relation to on-going mattersThe AGC will also be expected to assist the Loan Operations department by reviewing loan documents prior to funding, arranging for the timely recording of documents, maintaining an exceptions list and monitoring exceptions lists to avoid long-outstanding itemsPerforms similar and related duties as assigned
Requirements: Applicants must possess a law degree (J.D.) from a law school accredited by the American Bar Association (ABA) and must currently be an active member in good standing of the bar of a state (New York or Virginia preferred) or the District of ColumbiaIdeal candidate should have 2+ years of commercial banking related work experience (either in-house or at law firm)Must be able to work productively and independently with the ability to prioritize assignments and issues of significanceIdeal candidate must be a highly motivated self-starter with willingness and ability to excel in deadline-driven, high-volume environment with limited “back-up” supportStrong technical abilities - ideal candidate will have experience performing calculations in excel and running basic SQL queries Team player
Benefits: Salary and bonus commensurate with experience and capabilitiesComprehensive benefits packageWorking with an incredible team
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