Senior Manager, Operations
About the role
Setpoint provides critical operational infrastructure for relationships between the world’s largest banks, credit funds and capital markets counterparties. We’re building trust in this system of credit.
What you’ll do
- Lead pre-close operational diligence for new facilities, including KYC/OFAC, insurance, custody and servicing structure setup, data tape configuration, and cash controls.
- Manage post-close operations across the portfolio, including custody oversight, daily funding request review and approvals, and facility monitoring.
- Determine the timing and sizing of leverage draws and paydowns across facilities; prepare borrowing bases and manage lender submissions in coordination with Debt Capital Markets.
- Run lien search and BPO refresh processes across the portfolio.
- Support enforcement actions and special situations, including servicer transitions and collateral control measures.
- Partner cross-functionally with Investments, Legal, Finance, and Debt Capital Markets on deal execution, renewals, amendments, and lender reporting requirements.
- Ensure portfolio and collateral data is accurately captured in internal systems, partnering with the analytics team to maintain reporting integrity.
- Coordinate technology onboarding for new facilities and contribute to process and product improvements with the Setpoint Technology team.
- Leverage AI tools to automate and improve operational workflows, reduce risk, and enhance team efficiency.
- Identify operational risks and inefficiencies; drive improvements that support scalability as the portfolio grows.
You should have
- 5–8 years of experience in operations, structured finance, credit, or asset management; experience in real estate finance or specialty lending strongly preferred.
- Familiarity with credit facility mechanics: borrowing bases, advance rates, eligibility criteria, concentration limits, and leverage partner reporting.
- Strong Excel skills; comfort with data and reporting tools (SQL or BI tools a plus).
- Ability to independently manage multiple complex workflows under tight deadlines.
- Clear, concise communicator; comfortable engaging across functions and with external counterparties (borrowers, lenders, custodians, servicers).
- High judgment and ability to operate with limited oversight in ambiguous or time-sensitive situations.
- Experience in a high-growth environment strongly preferred.
About Setpoint
Setpoint provides purpose-built capital and technology to asset-backed borrowers and lenders. Our platform is the funding operating system for originators: it verifies and stores documents; automates critical calculations and compliance reporting; and digitizes assets like homes or cars. Setpoint’s technology makes warehouse transactions instant and error free.
Compensation
$130,000 - $180,000 OTE dependent on multiple factors, which may include the candidate’s skills, experience, location, and other qualifications. This role also includes meaningful equity.
Equal Employment Opportunity
We provide equal employment opportunities to all employees and applicants for employment and prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.