VP of Credit & Pricing-10 Years Exp. Equipment Leasing & Finance

Job Description

Join our dynamic, family-owned business, Equipment Leasing Group of America as we seek an experienced VP of Credit & Pricing. We have experienced explosive growth, with a revenue increase of over 40% last year alone. Are you ready to enhance cash flow and drive our growth trajectory? Do you have the expertise to underwrite significant portfolio purchases and effectively manage credit risk? If you are passionate about shaping the future of our company while fostering a positive team culture, we want to hear from you!

Position Overview

As the VP of Credit & Pricing, you will lead our credit and collections functions, ensuring the implementation of robust credit management practices that optimize cash flow and mitigate risk. This strategic role demands exceptional leadership and analytical skills.

Key Responsibilities

• Underwrite portfolio purchases and conduct thorough reviews of credit write-ups, providing actionable feedback.
• Develop and maintain structured approval tiers for credit transactions.
• Chair the Credit Committee, overseeing scheduling and preparation of meeting agendas.
• Facilitate discussions, lead votes on credit approvals, and document outcomes.
• Collaborate with sales to ensure a comprehensive understanding of customer financial profiles.
• Oversee portfolio credit management, analyzing trends and delinquency rates.
• Review key performance metrics and strategize on collections efforts.
• Provide training and mentorship to the credit and collections team.
• Create and maintain a comprehensive documentation checklist for credit applications and approvals.
• Finalize term sheets and ensure compliance with internal policies and external regulations.
• Collaborate with the accounting team to determine optimal strategies for managing collections.
• Member of Leadership Team effecting positive changes in company strategy.
• Address delinquency issues and implement corrective actions as necessary.
• Establish and monitor performance metrics for the credit and collections department.
• Assist Sales team on credit calls with the customers.
• Travel as needed to meet with clients, stakeholders, or attend industry events.
• Report on portfolio performance and provide strategic insights to senior management.
• Oversee and manage the credit queue to ensure timely processing of credit applications and inquiries.
• Coordinate and manage workout strategies.
• Supervise the repossession and resale processes for equipment, ensuring compliance with all regulations.

Skills Required

• Bachelor’s Degree in Finance, Accounting, Business Administration, or a related field; MBA preferred.
• Minimum of 10 years of experience in credit management and collections, with at least 5 years in a leadership role.
• Proven ability to underwrite and manage credit portfolios effectively, with a strong analytical background.
• Exceptional communication and interpersonal skills, with a focus on customer engagement.
• Familiarity with financial software and CRM systems; proficiency in data analysis tools is a plus.
• Strong understanding of risk management principles and credit policies.

Benefits

We offer the following benefits to our employees:

• Full-time position, Monday through Friday in our office in Northfield
• Business casual dress code, creating a comfortable and professional work environment
• Health insurance plan (50% coverage of employee only)
• Paid time off
• 401(k) matching
• Dental Insurance (A la carte and employee paid)
• Vision Insurance (A la carte and employee paid)
• Disability Insurance (short term 100% employer Paid; long term a la carte and employee paid)
• Employee assistance program (EAP)
• Accident, Critical Illness, Hospital Indemnity (A la carte and employee paid)
• Legal Services (A la carte and employee paid)
• LifeLock with Norton (A la carte and employee paid)
• Pet benefits and Solutions (A la carte and employee paid)
• Health Savings Accounts (HSA)
• Flexible Savings Account (FSA)
• FSA, Dependent Care & Commuter
• Basic & Voluntary life Coverage (Employer paid up to $15K, a la carte over $15K and paid by employee)
• Group Whole Life Coverage (A la carte and employee paid)

Application Question(s):

• What is your experience with AI?
• What are your intolerables?
• How many years of experience do you have in credit management?

Education:

• Master's (Preferred)

Experience:

• Equipment Leasing/Finance: 10 years (Required)
• Equipment Finance: 5 years (Required)

Hours: 40 hours/week, Monday through Friday, Onsite only, no remote work

Office Dress: Business Casual (jeans allowed), Monday through Friday

Job Type: Full-time

How to Apply:

Interested candidates should submit their resume and cover letter detailing their relevant experience. For more information about our company, visit www.elgallc.com

Job Type: Full-time

Pay: $125,000.00 - $200,000.00 per year