Vice President of Operations Asset Based Lending

Responsibilities

• Oversee day-to-day operations related to loan and lease transactions, including booking, funding, direct and third-party servicing, collections, and payoffs.
• Prepare transaction funding requests.
• Manage the flow of documentation from origination through closing and post-funding, ensuring accuracy of economic terms throughout the booking process.
• Cook up and administer systems, implementing and administering systems, managing warehouse lender reporting, and ensuring compliance with regulatory requirements.
• Supervise onboarding and ongoing management of third-party providers (e.g., servicers, lenders, software technology providers).
• Perform AML/KYC, OFAC, and other regulatory checks for new and existing clients.
• Cook up and support legal entity management and regulatory filings.
• Track collateral and perfect liens (UCC filings, title/lien searches, insurance verification).
• Develop and enforce operational policies, procedures, and controls to ensure efficiency and compliance.
• Identify process improvements and implement best practices to streamline workflows.
• Prepare and submit warehouse lender reporting packages, including borrowing base certificates, collateral schedules, and covenant compliance reports.
• Maintain borrowing availability, advance rates, and collateral eligibility in line with warehouse and term financing agreements.
• Coordinate wire transfers, payment reconciliations, and cash movement for loan and lease transactions.
• Manage buybacks of ineligible collateral, substitutions, and related communications with warehouse agents.
• Work closely with business development, underwriting, credit, legal, portfolio management, and finance teams to ensure smooth transaction execution and servicing.
• Assist with recruiting, training, and mentoring operations staff as the business scales.
• Serve as liaison with outside counsel, auditors, and technology vendors.

Qualifications

• 5+ years in ABL, equipment finance, specialty lending, or private credit, with direct operation or accounting experience.
• Borrowing base calculation, collateral analysis, and senior lender reporting is a plus.
• At least a bachelor’s degree in accounting or business administration.
• Systems integration and implementation, white glove customer service, strong accounting background, transaction booking and servicing.
• An entrepreneurial mindset, comfortable growing and scaling the platform.

Pay

The average salary for this role is $150,000- $200,000 in base pay and is exclusive of any bonuses or benefits.

Benefits

• Medical/Pharmacy
• Dental
• Vision
• HSA
• FSA
• STD/LTD
• Life Insurance
• PTO
• Commuter Benefits
• Company provided lunches

Equal Opportunity Employer

M/F/D/V