YieldStreet

About the Role 

Yieldstreet’s Investment Team is looking for an Associate responsible for financial due diligence to join our Private Business Credit vertical. You will report to the Manager of Financial Due Diligence and play an integral part in the continued growth of Yieldstreet's Private Business Credit asset class. You will be responsible for financial analytics and due diligence related to new and existing transactions, including financial statement review and analysis, collateral analyses (particularly accounts receivable performance modeling), forensic accounting reviews, test systems and controls over significant balance sheet and income statement accounts, portfolio management and monthly covenant compliance testing. You will work collaboratively with the internal performance management team and external auditors. 

Since our May 2020 launch, Yieldstreet Private Business Credit has originated $800M in new investments to growing consumer and commercial finance companies, making us one of the market leaders in specialty finance. Our investment structures include participations, direct loans and leases, and asset acquisitions. The ideal candidate will have a passion for Yieldstreet’s mission of helping individual investors gain access to a variety of alternative investments at above market yields. This is an opportunity to utilize your expertise to change the way wealth is created and help millions on their path to financial independence. 

What you'll do:

• Conduct originator, borrower and guarantor due diligence, including analysis of transaction structure, counterparty creditworthiness, and quality of collateral pledged as security.
• Underwrite the performance of accounts receivable, inventory and/or equipment collateral from a credit perspective, including remote or onsite reviews of financial reporting systems tracking these assets.
• Prepare detailed financial models, including base case and downside case analytics, as an integral part of the credit underwriting and ongoing performance management processes for each individual transaction.
• Monitor financial and collateral performance of each transaction against plan for borrowing bases, financial results, model performance and compliance with credit agreements. 
• Prepare quarterly net asset valuations on all assets under management working collaboratively with performance management and accounting teams.

What you'll need:

• Bachelor’s Degree
• Minimum of five years field examiner or accounting experience, preferably including two years of experience working directly with commercial lenders or asset-based lenders either internally or externally at accounting firms, due diligence firms or consulting firms
• Ability to analyze financial statements, construct cash flow models for asset portfolios, prepare quarterly net asset valuations, monitor borrowing base and financial covenant compliance and assess the quality and accuracy of financial accounting systems and controls
• Ability to assess risk exposure and accurately articulate a financial analysis in both verbal and written forms
• Excellent organizational skills and high attention to detail
• Deal execution mindset
• Proficiency in Microsoft Office; in depth knowledge of excel is critical 
• Ability to work at the pace of a venture-backed hyper growth organization 
• Flexible and dynamic capacity to multitask in multiple sub asset classes of Private Business Credit vertical

Bonus points for:

• Experience in modeling projected financial performance of large portfolios of receivable assets, running base case and downside case scenarios
• CPA or MBA in finance/accounting or completion of a formal Bank Credit Training Program

About Yieldstreet

Yieldstreet is the leading private market investment platform. We believe that private market alternatives should be a fundamental part of your portfolio. That’s why we’re unlocking access to make it easier than ever to get started. We partner with top-tier investment managers to provide investors with a wide range of opportunities across real estate, venture capital, private equity, art, short term notes and more. All of our offerings are curated and vetted by our team to help investors diversify away from the stock market with confidence. 

Why Yieldstreet?

Join a team of diverse, smart, and friendly people from 8 different countries who speak a total of 17 different languages who are on a mission to make alternative investments a fundamental part of the modern portfolio. Our team is comprised of successful entrepreneurs with combined exits of over $1B. We get social with each other during happy hours, exercise classes and team off sites! We are a hybrid work company giving you the opportunity to connect with your peers in real time with the flexibility to work remotely a few days per week. 

What’s in it for you:

Competitive compensation packages including equity 

Health, dental & vision coverage with FSA/HSA options

Unlimited PTO 

401k Match 

Learning and Development stipend 

Wellness credit

Paid lunch once a week

Commuter benefit 

Life insurance

Sabbatical

Summer Fridays

Compensation:

• HIRING SALARY RANGE: $120,000 (Actual salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data.) Compensation package also includes generous, bonus, benefits and equity.