Software Developer

The Firm
Founded in 1988, Prospect Capital is an alternative asset management firm with $11.9B+ of assets under management, including permanent capital. Prospect pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.

With offices in New York City, Connecticut, and Florida, the firm is comprised of 140+ experienced professionals who value entrepreneurship, intellectual rigor, hard work, and continuous improvement.

The Position

Prospect is seeking a highly motivated Software Developer to work closely with our CLO team. The ideal candidate will have a strong background in software development and data analysis. This role will focus on enhancing efficiency through process automation, tool development, and improving machine learning-based valuation models. While primarily reporting to the CLO team, the role involves taking on tasks and projects for other internal groups, ensuring seamless integration and support across departments. Responsibilities include, but are not limited to:

• Automate quarter-end processes, data collection, and certain investment sub-processes.


• Improve and automate machine learning-based valuation models.


• Build additional tools to assist portfolio management, order management, and risk management.


• Perform data analysis for specific team tasks to support fundraising and marketing efforts, as well as for broader initiatives.


• Work closely with investment, business development, and other internal teams to understand their needs and develop tools that improve decision-making and operation efficiency.


• Maintain and improve existing pricing models, ensuring they are accurate, robust, and scalable.


• Provide technical support and training to team members on new tools and systems.


• Troubleshoot and resolve issues related to financial tools and models in a timely manner.


• Document processes, models, and tools developed, ensuring clear and comprehensive guidelines for future use.

Candidate Requirements

• Self-starter, problem-solver, excellent communication skills, quantitative, detail-oriented.


• 5+ Years of experience as a full-time developer. Experience at an investment firm a plus but not required.


• Strong Excel VBA, Python, and SQL expertise.
  


• Familiarity with CLOs and structured finance is preferred, but not required.


• Ability to start with a “blank slate” and develop full-featured tools and processes.


• Ability to simultaneously manage multiple projects in a time-sensitive environment.


• Some web development experience and experience with RESTful API design and development preferred.

The anticipated annual base salary range for this position is $130,000 - $180,000 plus annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance. 

In addition to the base salary, the hired professional is eligible for comprehensive benefits, including 100% employer-paid premiums for medical, dental, vision insurance, life insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.