Credit Investments Associate

1 week ago


Toronto, Canada Float Financial Solutions Inc. Full time

**About Float**

Float is one of Canada's fastest growing companies, serving Canadian businesses with our innovative smart corporate card and spend management solution. Float's team is customer-obsessed, passionate, vibrant, and entrepreneurial, and includes executives from Uber, Shopify, Ritual, and many other incredible tech companies

At Float, everyone is an owner, bringing their unique perspective to our team and product. Your voice is important, and we take having a culture based on feedback seriously. We openly share our thoughts, feedback, and differing opinions so we can continue to improve. We do our best to keep our decision making decentralized so that all team members contribute.

**Our product**

Float empowers companies and teams with smart financial products, helping them achieve their most ambitious goals. We're making finance more accessible and saving companies and their teams time and money, while disrupting the multi-trillion dollar global B2B finance industry. Backed by some of the best venture capital investors in the world, including Tiger Global, Golden Ventures, and Susa Ventures, we're looking for pioneers to help us achieve our vision.

**About the Credit Investments Associate role**

We're looking for an outstanding Associate to join a team that's building the best corporate card and spend management platform in Canada.

In this role, you'll be responsible for 'diligencing', analyzing, and driving the growth of Float's credit portfolio, specifically on our game-changing Charge Card product, as well as future credit products to come.

**What your week-to-week looks like**:

- Conducting thorough, and efficient, analyses of business fundamentals and financial performance for Float's potential credit investments, ranging from VC backed growth companies to longstanding, profitable Canadian businesses
- Leading due diligence calls with executives (CFO, CEO, VP Finance and Controller), probing into growth forecasts, cost estimates, and runway expectations
- Recommending "go" / "no-go" decisions and appropriate credit limit sizing, from $50K to $1M
- Leading the submission of approval recommendations to our Credit Committee
- Partnering with our Sales & Marketing teams to relay feedback on what types of opportunities are adding the most value to Float
- Using our portfolio performance data to derive insights on how we can grow and shape the portfolio for optimal impact

**Requirements**:
**You'll be great in this role if**:

- You love investing: To be successful in this role, you'll need to have a love of investing. The analysis you'll be conducting is similar to how a private debt or equity fund would think about its investments.
- You've got the experience. To be successful in this role, we're looking for 3+ years of consulting, corporate or investment banking, or other similar experience, ideally with a bachelor's degree (though that's not required).
- You relate to people extremely well: While you need to search deeply for the right answers, you'll need the ability to do so in a way that partners with our prospects collaboratively to uncover the truth, vs. doing so confrontationally.
- You think critically: You don't just take others' opinions for granted; you truth seek to validate or disprove investment hypotheses.
- You're conscientious: You make few mistakes in calculations or otherwise. Even while being creative and taking risks to find the best due diligence approach, you are extremely thorough and meticulous in the way you go about your work.
- You've got an understanding of the market. You're commercially focused with an understanding of the market and the business we're in and have an ROI mindset.
- You're eager to continue your own learning. Scrappy and voracious, you want to know the 'why' behind every answer. You're a thinker who can combine quantitative thinking with qualitative judgment.
- Bonus, but not required: You also speak French to be able to communicate with Quebec-based prospects and executives.

**This role won't be a fit if**:

- You do not like to work asynchronously
- You are not a self-starter and do not like to work independently
- You aren't meticulous
- You don't like ambiguity
- You don't like regular feedback on your work
- You aren't super passionate about helping Float build the best corporate card and spend management platform in Canada

**Benefits**
- Competitive compensation & total rewards
- Flexible work hours and time off when you need to recharge'
- Flex, in-office and remote options available, depending on your preference
- Small team = lots of autonomy to make impactful decisions
- A personal Float card with a monthly stipend to spend on what matters most to you
- A dog-friendly office
- Being able to say you helped build Canada's best corporate card and spend management platform



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