Finance Associate

Fluidstack•New York, NY

3d•$150,000 - $250,000

About The Position

Fluidstack is seeking a Finance Associate to support financing execution across various workstreams including high-yield bond issuances, senior secured term loans, and equipment/project finance facilities. The role involves managing diligence processes, tracking lender and counsel activities, and coordinating documentation. Responsibilities include analyzing credit support arrangements, building and maintaining financial models for debt sizing and returns, coordinating counterparty and legal workstreams, analyzing capital structures, supporting equity-linked and warrant analysis, and contributing to investor and lender materials. The associate will also partner cross-functionally with development, power, site selection, legal, and technology teams to gather inputs and communicate financing impacts.

Requirements

2–3 years of experience in leveraged finance, structured credit, or a related capital markets role at a bank, credit fund, or infrastructure sponsor.
Some exposure to deal execution processes, including diligence, documentation, and lender / advisor coordination.
Strong financial modeling skills; ability to build, maintain, and audit transaction models for multi-tranche capital structures with guidance from senior team members.
Strong written communication skills; able to draft clear, organized memos, summaries, and deal tracking materials.

Nice To Haves

Prior exposure to data center, power, digital infrastructure, or other capital-intensive real asset sectors — on the debt or equity side.
Working familiarity with credit agreement mechanics, covenant structures, and high-yield / leveraged loan documentation.
Some exposure to credit support structures — guarantees, off-take agreements, or similar — and their role in financing transactions.
Familiarity with warrant agreements, equity co-invest structures, or other equity-linked instruments.
Exposure to SPV structuring or multi-lender intercreditor arrangements.

Responsibilities

Support financing execution — Assist in workstreams across high-yield bond issuances, senior secured term loans, and equipment / project finance facilities. Help manage diligence processes, track lender and counsel workstreams, and coordinate documentation through close.
Analyze credit support arrangements — Review and model guarantees, credit wraps, off-take agreements, and other investment-grade backstop structures. Develop fluency in how these instruments affect debt sizing, covenant mechanics, and investor / lender underwriting.
Build and maintain financial models — Construct and refine transaction models covering debt sizing, DSCR waterfalls, restricted payment mechanics, levered/unlevered returns, and multi-scenario sensitivities. Own model accuracy and flag issues to senior team members.
Coordinate counterparty and legal workstreams — Support external counsel, financial advisors, and counterparty working groups. Track open legal and commercial issues and help move resolutions forward on deal timelines.
Analyze capital structures — Evaluate HoldCo / OpCo / PropCo structuring, cross-collateralization provisions, cross-default mechanics, and intercreditor arrangements under the guidance of senior team members.
Support equity-linked and warrant analysis — Analyze warrant agreements, equity co-invest structures, and other instruments issued in connection with strategic credit support or partnership arrangements.
Contribute to investor and lender materials — Support the production of investment memos, lender presentations, bond offering documents, and internal approval materials. Ensure financial accuracy across all deal documents.
Partner cross-functionally — Work with development, power, site selection, legal, and technology teams to gather inputs for financial analyses and help communicate how financing decisions affect project outcomes.