Product Lead - Private Credit (Direct Lending)
Arcesium seeks a Product Lead with deep private credit expertise to build and evolve our Private Credit capabilities. This is an individual contributor role, working closely with Engineering, Client & Partner Development, Sales, and Marketing. The product spans the deal-close and post-close lifecycle, including deal onboarding, portfolio monitoring, covenant and borrowing-base management, loan administration, reporting, and related workflows.
What you'll do:
Execute the Private Credit product roadmap, translating product strategy, client needs, and domain knowledge into requirements and prioritized capabilities.
Own product definition and design, working with Engineering and QA through development, testing, launch, and iteration.
Work with clients and design partners to validate product direction and translate recurring needs into scalable capabilities.
Develop business scenarios, test cases, and validation models to ensure the product handles real-world private credit structures and calculations correctly.
Take new capabilities from prototype through production readiness and broader client adoption.
Partner with Sales, Pre-Sales, Forward Deployed, and Marketing on positioning, demonstrations, client discussions, and go-to-market.
Contribute to competitive analysis, business cases, and prioritization of R&D investments.
Prototype workflows, calculations, and automation using AI-assisted coding and modern development tools.
Define AI-enabled capabilities for interpreting credit agreements, compliance certificates, borrower reporting, trustee reports, and other private credit documents.
What you'll need:
5+ years of hands-on private credit experience, with meaningful exposure to the lifecycle, documentation, calculations, and workflows of private credit investments; product management experience is an advantage.
Strong depth in one or more areas of private credit, with direct lending experience particularly valuable; experience in asset-based finance, structured credit, or adjacent credit strategies is also relevant — spanning unitranche, senior or subordinated lending, delayed-draw facilities, revolvers, asset-based lending, specialty finance, CRE lending, ABS, CLOs, or loan portfolios.
Working knowledge of covenant monitoring and testing, compliance certificates, breaches, waivers, and amendments; borrowing bases, advance rates, collateral eligibility, concentration limits, and reserves; and loan lifecycle events including drawdowns, paydowns, prepayments, PIK, OID, assignments, and participations.
Familiarity with cash waterfalls, priority of payments, OC/IC tests, triggers, and portfolio or collateral surveillance.
Ability to read credit agreements and related reporting and determine what a product needs to capture, calculate, validate, and monitor.
Strong Excel and financial-modeling skills, including independent validation of covenants, borrowing bases, waterfalls, or similar calculations.
Ability to work directly with data; SQL experience is strongly preferred, with familiarity in scripting, APIs, or low-code tools an advantage.
Experience with platforms such as Wall Street Office, Allvue, Solvas, iLEVEL, or similar systems, preferred.
Experience with generative AI tools for prototyping, or a demonstrated aptitude to use them effectively.
Bachelor's degree in accounting, finance, engineering, computer science, or a related field preferred; CFA, CA, MBA, FRM, or similar qualifications are an advantage.
Strong written and verbal communication skills and the ability to explain complex credit concepts clearly.
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