MANAGING DIRECTOR, ORIGINATIONS
Legalist
senior
Job description
<div class="content-intro"><h3><strong>Intro description:</strong></h3>
<p>Legalist is a tech-enabled alternative asset manager that uses proprietary data-driven origination to invest in uncorrelated legal and government-payment assets. Founded out of Y Combinator in 2016, Legalist manages over $1.7 billion for endowments, foundations, and family offices.</p></div><p>We are seeking an experienced private credit originator to source and term sheet lending opportunities for lower middle-market companies. This individual will be responsible for developing new borrower and intermediary relationships, managing the lending process through executed term sheets, and becoming a trusted financing partner within our target markets.</p>
<p>The ideal candidate has an established network of referral sources and borrowers and has demonstrated success originating asset-based, cash flow, or specialty finance transactions in the $5 million to $50 million range.</p>
<p> </p>
<p><strong>Responsibilities</strong></p>
<ul>
<li>Source new lending opportunities through direct borrower outreach and referral networks.</li>
<li>Develop relationships with investment banks, commercial banks, private equity sponsors, consultants, accountants, attorneys, and other intermediaries.</li>
<li>Lead initial borrower discussions and determine strategic fit.</li>
<li>Structure financing solutions that satisfy borrower needs while meeting fund investment objectives.</li>
<li>Prepare and negotiate indicative terms, letters of intent, and term sheets.</li>
<li>Maintain an active pipeline of qualified lending opportunities and provide accurate forecasting.</li>
<li>Develop long-term relationships that generate repeat business and referrals.</li>
<li>Work collaboratively with investment professionals to ensure a smooth transition from origination through closing.</li>
</ul>
<p> </p>
<p><strong>Qualifications</strong></p>
<ul>
<li>10+ years of experience originating commercial lending or private credit transactions.</li>
<li>Demonstrated history of originating loans in the $5 million to $50 million range.</li>
<li>Proven ability to execute a high annual volume of term sheets and maintain a robust pipeline.</li>
<li>Established network of borrower, intermediary, sponsor, and banking relationships.</li>
<li>Strong understanding of credit structures, collateral, loan documentation, and commercial finance.</li>
<li>Excellent negotiation and relationship management skills.</li>
<li>Ability to work independently while collaborating closely with underwriting and portfolio management teams.</li>
</ul>
<p> </p>
<p><strong>Preferred Experience</strong></p>
<p><em>Experience in one or more of the following:</em></p>
<ul>
<li>Direct lending</li>
<li>Private credit</li>
<li>Asset-based lending</li>
<li>Specialty finance</li>
<li>Commercial banking</li>
<li>Structured finance</li>
</ul>