Head of Funding at Brighte

Funding, Full Time, Permanent, Sydney, NSW sydney full-time
Posted 1 months ago

Brighter Together

At Brighte, we believe every Australian deserves access to a sustainable and comfortable home. How do we help Australian’s achieve this? We build innovative mobile and web platforms, responsible and seamless financial solutions, and relationships with customers and vendors that last. Our addressable market is massive and rooted in a positive mission that empowers Australian’s and the growing and critically important sustainability market. 

We have been recognised for our incredible work in diversity and inclusion and have a leadership team that is passionate about building a high performing culture where people feel a sense of belonging. If you’re keen to work for a mission-driven company, with smart people who live and breath Brighte’s values, have a read below.

As Head of Funding, you will have full management responsibility for the funding operations and capital allocation of the Brighte Capital business, reporting into the Chief Corporate Development Officer.

The role will plan and manage the marketing and execution of funding for the business, including debt financing transactions (warehousing and term issuance and any whole loan sales) to support the lending business and also be heavily involved in the raising of equity capital for the business.

An important facet of the role is having responsibility for maintaining and developing strong relationships with our external debt and equity funding partners, other external counter parties and internal stakeholders, maintaining a culture of transparency, professionalism, engagement, and high standards.

What you'll do

  • Establish an Asset & Liability Committee (ALCO) to oversee the effective management of Brighte’s balance sheet within the risk appetite set by the Board
  • Prepare ALCO reports and insights against risk tolerances, covenants and scenario analysis
  • On a day to day basis, management of assets and liabilities on a forward-looking basis to ensure sufficient liquidity and funding capacity · Put in place interest rate swaps to ensure the value at risk is maintained within tolerances
  • Maintain and strengthen existing funding facilities across maturities
  • Have responsibility for Treasury functions via the Asset & Liability Committee, including: Cash forecasting and liquidity management, Funding strategy and Asset Liability Management, ABS and warehouse transaction planning and execution
  • Build and maintain strong relationships with institutional investors to manage new investor pipeline or to develop new loan funding programs
  • Work with product and engineering teams to design and launch funding of new products.
  • Work closely with Product, Credit & Finance to support product pricing decisions, commercial expectations, and assist in the design of new lending products
  • Work closely with Technology & Finance to ensure the loan management & funding system is optimised in accordance with debt facility requirements
  • Working closely with Finance to ensure hedges are correctly measured and recorded
  • Provide input into the annual budget process and ongoing forecasting
  • Working closely with Credit and Portfolio Risk to regularly monitor and discuss changes to credit policy and parameters
  • Build and maintain strong relationships with critical third parties such as rating agencies, trustees, external legal counsel.
  • Challenge senior management on all aspects of short term and long-term risk as required
  • Who you are

  • At least 10 years’ experience in a senior financial service treasury role or closely aligned function (e.g., law firm, rating agency, trustee company) and ABS/RMBS transaction experience.
  • A Tertiary Degree/Post-Grad qualification in a relevant discipline.
  • Be self-motivated, driven, highly organised and thrive in a fast-paced environment.
  • Excellent in analytical thinking, attention to detail and ability to drive results in individuals/teams.
  • Experience from similar roles at Non-Bank Financial Institutions, Institutional Banking or from the treasury team of a large corporate.
  • A deep understanding of Market Risk is preferred.
  • Direct experience in Financial Institutions or Debt Markets products (including Securitisation) will be valued.
  • Awareness of regulatory environment including Basel III and APRA requirements is desirable.
  • Why Brighte

  • Employee Share Options. We want to build a successful company which means sharing the potential upside together.
  • Flexible working. It's all about balance so feel free to work from home when you need to.
  • Generous Parental Leave Policy. We couldn't get where we are today without our families.
  • Diversity and Inclusion. Winning Best Workplace Diversity award at the 2020 Finnies.
  • Employee Assistance Program. For confidential financial, work, relationship, or wellbeing support. 
  • Recognition and Reward Brighte Stars program. We drive a culture of recognition and celebration by shining a light on our accomplishments and everyday victories.
  • Nutritious food. A well-stocked pantry including free breakfast, daily fresh fruit, espresso coffee, yoghurt, Tim Tams and many more snacks to make work feel a little more like home. We've also got kombucha, beer, and wine on tap.
  • End-of-Trip Facilities. Cycle in to work, lock up your wheels, and have a shower in our end of trip facilities with towel service and hair dryers.
  • We’re a high performing team and proud to be backed by investors who believe in our mission and the opportunity we have ahead of us. Airtree Ventures, Mike Cannon-Brookes’ Grok Investments, Kim Jackson and Scott Farquhar’s Skip Capital as well as Qualgro Partners continue to help us scale our teams and products. 

    We’re recognised as one of Australia’s leading fintech companies, having been ranked the 6th fastest growing Technology Business in Australia in the Deloitte Fast 50/500 (2020) and winning the inaugural Finder Green Award (2020). We’ve also been recognised as a leading FinTech by the Australian Financial Review, Fintech Business Awards and KPMG.