Credit Associate

Location: New York, NYCompany: Permian Labs (USD.AI)Employment Type: Full-time

About Permian Labs / USD.AI

Permian Labs is the developer of USD.AI, a yield-bearing synthetic dollar backed by AI infrastructure assets. USD.AI leverages income-generating hardware to deliver stable, predictable yield to participants with the transparency and efficiency of decentralized finance. USD.AI provides a differentiated solution for capital seeking sustainable, risk-adjusted returns in crypto capital markets, and a flexible, nonrecourse financing solution for high growth NeoClouds.

Permian Labs is an extremely flat organization. We value integrity, high-agency and the ability to operate in ambiguity above all else.

The Team

Our team comes from DRW, Deutsche Bank, Rockpoint, Nansen, Balancer and other DeFi and TradFi institutions. We are Series A funded by Dragonfly, DCG, Nascent, Ethereal and others. We have built multiple DeFi products facilitating hundreds of millions of volume across a variety of asset types.

The Role

The Credit Associate role calls for a proactive, analytical finance professional with a background in credit, structured lending, or infrastructure finance. You'll play an integral part in sourcing, diligencing, structuring, and closing deals, aiming to scale to billions of dollars of assets over the next 24 months.

You'll build and maintain counterparty relationships, perform in-depth credit and risk analyses, and contribute to a diversified, income-producing loan portfolio. This is an opportunity to apply institutional-grade credit standards in an innovative crypto startup environment that rewards initiative, ownership, and results.

Responsibilities

  • Source and evaluate new opportunities for infrastructure-backed loans.
  • Conduct detailed due diligence, credit analysis, and risk assessments on borrowers and assets.
  • Prepare credit memos, financial models, and present recommendations to Investment Committee.
  • Structure, negotiate, and close transactions with counterparties, coordinating with legal and operations teams.
  • Monitor portfolio performance, flag risks, and recommend mitigants to protect investor yield.
  • Maintain thorough, compliant documentation and support internal reporting requirements.
  • Collaborate cross-functionally to enhance underwriting standards, credit policies, and deal execution processes.
  • Represent USD.AI credibly to borrowers, partners, and stakeholders.

Requirements

  • Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
  • 2 - 4 years of experience in credit analysis, underwriting, structured lending, or project finance.
  • Present insights and forecasts to cross-functional teams, contributing to decisions around product development and positioning
  • Strong financial modeling skills and ability to analyze cash-flowing infrastructure assets.
  • Demonstrated experience sourcing or closing deals, or the drive to develop origination skills.
  • Self-starter mentality - thrives in a fast-paced, high-growth, meritocratic startup.
  • Excellent communication and presentation skills; comfortable working with institutional counterparties.
  • Highly organized, detail-oriented, and accountable for end-to-end execution.
  • Bonus: Familiarity with crypto capital markets, DeFi lending, or asset-backed tokenization is a plus, but not required.

What We Offer

  • Base salary competitive with large private credit funds.
  • Long-term token incentive package.
  • Unlimited PTO.
  • Transparent, impact-driven culture that rewards results over politics.
  • Support for professional development and clear growth paths as we scale.
  • Regular team offsites and events to stay connected and build together.

Please send your resume and a short cover letter to with "Credit Associate" in the subject line. We look forward to hearing from driven, resourceful candidates ready to help shape the future of capital market