Structured Finance, Lead

ABOUT FLUIDSTACK

We exist to make humanity more free. For most of human history, you farmed or you starved. Technology gave people more time for the things they wanted to do, instead of things they had to do. Powerful AI will be the biggest lever for human choice we've ever built - but only if models are aligned with what humanity actually wants. There are groups building AI who don't share these goals. Whoever deploys frontier compute infrastructure fastest will decide whether AI expands human freedom or shrinks it.

We're singularly focused on delivering 10 to 100s of GWs of compute faster than anyone else, rethinking every layer of the stack. We acquire power, design and build data centers, and operate them - with teams spanning hardware and software. Speed and scale are our key differentiators. Come be a part of building civilization-scale infrastructure for AI.

We hire people who care deeply about this problem space. If that is you, please apply!

HOW WE OPERATE

• Be a barrel. Full autonomy. Own things end to end, take on scope without being asked, no permission required to operate outside your core role.

• Insane urgency. We drive everything forward as fast as possible.

• Reason from first principles. Challenge every assumption. Zero analogy thinking, no egos, the best idea wins.

• Love of the game. The frontier of AI is the most interesting problem of our time. We put in long hours at high intensity to push the frontier forward.

• Build something that actually matters. If you're going to spend your time, spend it on something that matters to the world.

THE STRATEGIC FINANCE TEAM

Examples of key problems the team is working on

• Raise capital at the scale of a sovereign, not a startup. Powering 10s of GW will take hundreds of billions of dollars in debt and equity, a capital program that rivals a national infrastructure budget. You won't run a financing process; you'll assemble one of the largest pools of private capital in the industry.

• Invent the instruments, don't pull them off the shelf. AI infrastructure is too new for the playbook to exist: credit support backed by equity warrants, hyperscaler-guaranteed leases, project finance underwritten against power and chips. You won't apply standard structures; you'll create the ones the rest of the market ends up copying. Few finance teams sit where energy markets, GPU supply, land control, and credit all converge.

• Close at the speed of the build, not the speed of finance. Capital has to land in lockstep with gigawatts coming online: multiple landmark transactions running at once, on timelines most banks would call impossible. You'll redefine how fast serious capital can move.

ROLE SCOPE

• Own financing execution across high-yield bond issuances, senior secured term loans, and equipment and project finance facilities, driving term sheet negotiation through close.

• Structure, negotiate, and document credit support: guarantees, credit wraps, off-take agreements, and investment-grade backstops, and understand how each affects debt sizing and covenant mechanics.

• Build and own transaction models: debt sizing, DSCR waterfalls, restricted payment mechanics, levered and unlevered returns, multi-scenario sensitivities. Be the team's check on model integrity across live deals.

• Design and stress-test capital structures across HoldCo/OpCo/PropCo, cross-collateralization, cross-default, and intercreditor arrangements, and work with legal to turn structure into documentation.

• Manage external counsel, financial advisors, and counterparty working groups, tracking open issues and pushing resolutions on deal timelines.

• Own investor and lender materials: investment memos, lender presentations, bond offering documents, and internal approval packages.

WHAT WE'RE LOOKING FOR

The below is a starting point. We always make space for exceptional people, so if you don't fit this role exactly, tell us where you would https://jobs.ashbyhq.com/fluidstack/05c2e69c-42f9-4fcb-9cf0-a467aaf98f1c.

• You've led or substantially owned deal execution from term sheet through close in leveraged finance, structured credit, or capital markets at a bank, credit fund, or infrastructure sponsor.

• You build, audit, and pressure-test transaction models for complex multi-tranche capital structures independently. Model integrity is something you own, not delegate.

• You know credit agreement mechanics, covenant structures, and high-yield and leveraged loan documentation cold.

• You've managed external advisors and counterparty workstreams while keeping a transaction on timeline.

• You draft clear investment memos, term sheets, and board-level materials yourself, and you can translate capital markets concepts for people who don't live in them.

• Bonus: Data center, power, or digital infrastructure finance on the debt or equity side. Credit support structures (guarantees, off-take agreements). Equity-linked and warrant structuring. Capital-intensive real asset sectors.

We are committed to pay equity and transparency.

Fluidstack is an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability and protected veterans’ status, or any other characteristic protected by law. Fluidstack will consider for employment qualified applicants with arrest and conviction records pursuant to applicable law.

You will receive a confirmation email once your application has successfully been accepted. If there is an error with your submission and you did not receive a confirmation email, please email [email protected] with your resume/CV, the role you've applied for, and the date you submitted your application-- someone from our recruiting team will be in touch.