Vice President, Credit Operations

About the role

The Vice President of Credit is a senior leadership role responsible for overseeing the organization’s credit policy, risk management, and lending strategy. This role provides strategic direction and hands-on oversight of underwriting, portfolio management, and credit policy, ensuring timely and sound credit decisions in a fast-paced, client-focused environment. The VP of Credit plays a highly visible and collaborative role, partnering closely with originations, sales, and executive leadership.

Responsibilities

• Develop, implement, and continuously refine credit policies, underwriting standards, and risk frameworks
• Align credit strategy with overall business goals, growth targets, and risk appetite
• Build and develop a team with a focus on critical thinking, staff development, and driving performance and results
• Maintain credit files, audit readiness, and strong documentation standards
• Oversee development, implementation, and ongoing maintenance of credit scoring models for underwriting and portfolio monitoring
• Participate in Senior Leadership meetings, contributing thoughts and ideas to help achieve NewLane’s goals and objectives
• Ensure regulatory compliance within the underwriting function

Qualifications

• Demonstrates NewLane’s values of Integrity, Passion, Teamwork, and Commitment to Excellence
• Bachelor’s degree in finance, Economics, Accounting or related field required
• Minimum 10+ years experience in credit and equipment finance underwriting
• 7 years experience in a leadership position
• Understanding of credit and underwriting operations, including experience with scoring models
• Experience in small ticket equipment finance desired
• Proficient in Microsoft Office Suite including Excel and computer literacy skills required
• Good working knowledge of other functional departments (i.e., Sales, Funding, Servicing, Collections, etc.) and their interactions with the Credit department
• Excellent verbal and written communication skills
• Candidate should be self-motivated and possess a desire to learn
• Strong organizational skills and attention to detail with sense of urgency
• Able to work independently as well as in a team setting in a fast-paced environment

Benefits

Competitive compensation, excellent benefits including Health, Dental, Vision, 401k) with match, flexible spending, Life Insurance, Short Term and Long-Term Disability Insurance, generous PTO, and much more...

Pay

$133,728.00 - $219,696.75 Individual base pay may vary on additional factors such as the candidate’s experience, job-related skills, relevant education, geographic location, and other specific business and organizational needs.

Schedule

Individuals may work a variety of schedules to meet the needs of the business, including full-time, part-time, and flexible hours.