Analyst / Senior Analyst of Asset Based Lending - Prove Partners

About Us:

• PROVE Partners, LLC, founded in 2003 and based in Las Vegas Nevada and Denver, Colorado, is a litigation finance company that provides financial products and innovative services to injury victims, medical providers and law firms in the United States.
• PROVE operates three business lines, collectively aimed at satisfy the needs of injury victims and the medical providers and law firms that serve them
  • (i) Personal Injury Account Receivable Financing: PROVE purchases and lends against portfolios of medical receivables supported by personal injury negligence claims (e.g., motor vehicle collisions). PROVE funds episodic portfolio purchases as well as forward flow funding structures to medical providers of all modalities nationwide that treat personal injury patients and prefer upfront reimbursement vs. holding the receivables to maturity.
  • (ii) Single Event Medical Funding: PROVE serves as an extension to personal injury law firms, helping ensure patients have a successful medical legal outcome. PROVE’s Case Managers and Care Coordinators work closely with law firm paralegals and case managers to help coordinate treatment with quality medical providers adept at treating patients involved in personal injury accidents. PROVE is a payor source for medical providers, acquiring medical receivables and holding them through to resolution of the personal injury victim’s legal matter.
  • (iii) Legal Funding: PROVE provides financing solutions to law firms, primarily lines of credit and non-recourse litigation cost advances, as well as pre-settlement advances for plaintiff’s to pay for living expenses while their negligence cases are being adjudicated.
• PROVE maintains a fortressed balance sheet, supported by a group of institutional capital partners that manage more than $17 billion in assets under management.
• PROVE is backed by C9 Partners, LLC, a Los Angeles-based private equity firm focused on making investments in US-based businesses at intersection of financial services, specialty finance, and healthcare services.

• We help injury victims in their greatest time of need.

• PROVE Partners wants to make an IMPACT on the lives of the patients we help, the clients we work with, and the team we treasure.

• As an Analyst / Senior Analyst of Asset Based Lending (remote), you will:
  • Support all stages of the transaction lifecycle, from sourcing new investment prospects to finalizing definitive agreements
  • Build and maintain relationships with clients and institutional capital partners
  • Perform data analysis, model cash flows, and carry out various ad hoc technical assessments
  • Engage in asset and transaction underwriting and due diligence, including related to valuation, legal, regulatory, servicing, post-closing asset management, and treasury
  • Draft comprehensive investment memoranda for CEO review and transaction approval
  • Orchestrate efforts between departments to ensure a seamless client experience from deal sourcing to post-closing support
  • Track investment performance and offer post-closing support, including assistance with go-forward fundings, periodic re-underwrites and audits, and deal amendments as necessary
  • Support the enhancement of PROVE’s processes and the upgrade of technology tools to optimize deal execution, while strengthening PROVE’s portfolio oversight and risk management capabilities
• You will periodically visit clients and attend regularly scheduled meetings
• This key position reports to the Head of Asset Based Lending.
• This is a remote role.

• Sourcing
  • Assist PROVE’s sales team and brokers to convert referral sources into closed deals, including hospitals, ambulatory surgery centers, outpatient diagnostic centers, private physician practices, chiropractic and physical therapy practices, durable medical equipment providers, lien-based pharmacies, toxicology labs, and other healthcare providers serving personal injury patients
  • Produce reports and materials needed for prospective clients
• Deal Execution & Underwriting
  • Manage and evaluate a pipeline of new deal opportunities
  • Conduct financial due diligence, including analysis of accounts receivable portfolio concentration, static pools, collection curves, and financial forecasts
  • Assist in corporate and guarantor due diligence efforts
  • Draft term sheets and proposals that reflect a range of transaction structures, including both lending and purchase agreements, with upside sharing and promote structures
  • Prepare investment committee memos for transaction approval
  • Negotiate legal documentation, such as credit agreements, term sheets, and servicing contracts
  • Facilitate the boarding of assets, ensuring smooth funding and treasury operations post-closing
• Portfolio Management
  • Monitor portfolio performance and covenant compliance
  • Oversee risk management and exposure management strategies to strengthen the portfolio
• Relationship Management
  • Establish and cultivate strong, long-term relationships with clients, brokers, and institutional capital partners, to drive continued growth and partnership opportunities

• 1-2 years (Analyst) / 3 years (Senior Analyst) of direct experience in structuring, underwriting, and executing financial transactions, preferably within asset-based finance at an investment bank, hedge fund, asset manager, or similar financial institution
• Must be enthusiastic about taking on a hands-on role in a fast-paced, high-performance environment
• Strong quantitative, financial modeling, analytical, and problem-solving skills
• Proven experience in reviewing and negotiating financing structures and associated legal agreements
• Advanced proficiency in Microsoft Excel, Word, and PowerPoint; experience with Salesforce or PowerBI a plus
• Bachelor's degree required

• Articulate, personable professionals who can effortlessly engage with clients, capital partners, and colleagues both in person and over the phone, fostering strong working relationships
• Able to thrive in a fast-paced, target-driven environment, maintaining composure and focus while meeting deadlines and achieving set objectives
• Highly motivated individuals with strong integrity and a robust work ethic, who consistently demonstrate precision, resilience, and dedication to delivering high-quality results, even in high-pressure situations
• Collaborative professionals who work seamlessly with cross-functional teams, fostering effective communication and cooperation between departments to achieve shared goals and drive successful outcomes

Disclosures:
Prove Partners is an Equal Employment Opportunity and Affirmative Action Employer committed to diversity in the workplace. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.

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