Asset Based Lending, Operations Manager

About the position

The Head of Asset Based Lending, Operations Manager is an experienced, qualified individual who possesses a thorough understanding of the principles governing loan documentation. They will serve as part of the Shared Services Operations Leadership Team and help facilitate ongoing change management as well as set and drive strategic initiatives that enable the organization to better serve our Customers and internal stakeholders. They will lead a team of 12 collateral analysts supporting the day to day operations of a diverse mix of commercial lending customers and loan types. The team's core responsibility is centered around analyzing and monitoring client's collateral to ensure the validity of assigned collateral in accordance with their loan agreement. The team provides support throughout the life cycle of ABL lending, including providing feedback to support credit agreement negotiations, day to day collateral monitoring and ineligible calculations, through to payoff validations.

Responsibilities

• Lead a team of 12 Collateral Analyst associates who are responsible for analyzing and monitoring client's collateral to ensure the validity of assigned collateral in accordance with their loan agreement.
• Set and drive strategic agenda as part of the Shared Services Operations Leadership Team.
• Support direct reports in translating strategic initiatives into tangible, measurable actions and milestones.
• Partner with Relationship Managers and Underwriters to agree on, document and implement clear delineation of roles and responsibilities throughout the ABL lifecycle.
• Collaborate with Commercial Risk partners to establish and maintain well-managed and controlled processes. Use trends in data and operational incident reporting to identify areas requiring preventative controls.
• Support direct reports throughout the life cycle of ABL lending, including providing feedback to support credit agreement negotiations, day to day collateral monitoring and ineligible calculations, through to payoff validations.
• Coordinate efforts with peers to establish best practices across all lines of businesses.
• Establish and maintain strong working partnerships with the deal team; lead regular touchpoints to address challenges and influence strategic initiatives.
• Identify and address knowledge gaps within the team; develop and provide guidance through knowledge sharing and formal training.
• Leverage metrics and KPIs to monitor team and associate performance; communicate performance to Head of Shared Services Operations during monthly business reviews.
• Represent team during regular performance and talent management cycles.
• Support team during periods of high volume by performing secondary approvals.

Requirements

• High School Diploma, GED or equivalent certification
• At least 4 years of experience in Asset Based Lending, Commercial Loan Underwriting, Closing or Servicing
• At least 2 years of experience leading a team or cross-functional projects

Nice-to-haves

• Bachelor's Degree or Military experience
• 5+ years of experience in Asset Based Lending
• 5+ years of experience with Loan or Legal Documentation
• 5+ years of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)

Benefits

• Comprehensive health benefits
• Financial benefits
• Inclusive benefits supporting total well-being
• Performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI)