Head of Capital Markets
Company: Homebound
Location: San Francisco
Posted on: January 26, 2023
Job Description:
Role Overview:
We are looking for a Capital Markets leader to join the Finance
team. You will play a central role in crafting and executing our
capital markets and M&A strategy at Homebound, ensuring we
structure and raise hundreds of millions (and over time billions)
of dollars of capital which allow Homebound to pursue its vision
and meet its financial goals. This capital will be used to finance
lot acquisitions and construction of homes for sale to customers,
acquisitions of local builders, and other important strategic
initiatives. Over time, we would like to scale our programs,
diversify our capital sources (initial fund raised from Magnetar
and Goldman Sachs), lower our cost of capital, and increase the buy
box and operational flexibility of our financing facilities. This
role will also partner with our CEO, CFO and COO to craft and
implement our M&A strategy, which is focused on strategic
acquisitions of mid-size local builders, including the
identification and diligence of local targets. You will report to
the Chief Financial Officer and will work closely with functional
leaders across the organization.
What You'll Do:
- Collaborate with the CFO, CEO, and other exec team leaders to
define the capital markets strategy for the company
- Market, structure, and raise hundreds of millions of capital to
scale our strategy to acquire lots and build homes for sale to
customers (including flexibility for in-fill lots, suburban lots,
and lots in production builder communities)
- Build target list of institutional investors, create financing
programs to best match their and our needs, structure terms, and
close those facilities as needed to meet our needs
- Identify opportunities to scale, lower our cost of capital, and
build more buy box and operational flexibility in our financing
facilities over time (including active research and knowledge of
what is happening elsewhere in the industry)
- Leverage personal network of institutional investor
relationships to execute on Homebound's capital markets
strategy
- Help craft and execute our M&A strategy for acquisitions of
local builders, including identification and diligence of local
targets as well as raising the financing to close those
deals
- Over time, help build Homebound's strategy in add-on financial
products for customers, such as mortgage, insurance, warranty, and
other financial services offerings
Who You Are:
- 10-15+ years of work experience, with strong preference for
private equity, investment banking, or other institutional investor
experience
- Relentless and experienced executor who is up for the challenge
of scaling capital markets in line with Homebound's significant
growth targets
- Creative financing expertise - someone is very familiar with
the requirements of institutional investment firms and how they can
intersect with the needs of a tech-enabled high-growth
start-up
- Strong personal drive and ability to navigate ambiguity,
operate effectively in a hyper-growth start-up environment
- A strategist who loves tackling problems and has lots of
experience framing a problem and the path to solution
- A cross-functional leader and collaborator, with ability to
maintain openness to different opinions and build
alignment
- Exceptional verbal and written communication skills, and
presentation skills; ability to distill complex ideas to be easily
understood
- You don't just execute - you push to deeply understand goals,
challenge thinking, and deliver a high standard of quality and
impact in your work
- Passion for capital markets and creative financing to drive
enterprise value
Keywords: Homebound, San Francisco , Head of Capital Markets, Accounting, Auditing , San Francisco, California
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