Get started on an exciting career at Element!
Element employees make a difference in the lives of others every day. We are re-defining the fleet management industry to be people first, then business – delivering on our promise of a superior client experience. This takes hard work and innovation, and we need more like-minded people on our team.
VP, Credit
Lead the development and maintenance of risk oversight for a portfolio of Small & Medium Enterprise (“SME”) leasing clients, including calibration and operationalization of Element’s risk tolerance, adjudication process and risk assurance process. Champion a customer focused culture to deepen customer relationships, anticipate risks that could lead to deterioration of the portfolio and our position with a customer, recommend appropriate courses of action, while being a key partner to our SME Commercial team in supporting profitable growth.
Primary Responsibilities:
- Lead risk oversight of the SME business, including the implementation of an automated credit adjudication platform.
- Demonstrate a high degree of regional / industry knowledge / expertise and ability to ensure the ongoing quality of the portfolio through review of relevant portfolio and borrower information.
- Execute ongoing monitoring of SME portfolio of accounts, completing periodic assessments and identifying potential problem areas and accounts for active management, including engagement with collections and workout partners if required.
- Consult regularly with internal (i.e. Commercial and Collections teams) and external clients as necessary in the normal course of business.
- Obtain, investigate, and analyze credit data, quickly addressing emerging risks across the client portfolio.
- Lead and assist other team members on an as-needed basis in support of a “one team” approach to business development and portfolio management.
- Develop and adhere to credit and operational policies and procedures and contribute to continued assessment and improvement of credit operating model for SME business.
Key Interactions:
- Credit Team, Commercial Team (SME), Collections, Legal, Finance and Tax
Qualifications, Education, and Experience:
- Undergraduate degree in Economics, Finance or Accounting business. With preferred post-graduate or Masters qualifications (CFA, CMA, MBA, etc.)
- 10+ years of Commercial finance, leasing or lending experience; SME leasing experience is preferable
- Strong analytical and problem-solving skills with an ability to analyze, interpret, draw conclusions, and clearly communicate solutions on a variety of issues with consideration given to the strengths and weaknesses of alternative solutions
- Capacity to collaborate with commercial, legal and operations stakeholders
- Demonstrated oral and written communication skills and ability to work cross functionally both internally and externally.
- Proficient in business writing
- Strong verbal and written interpersonal communication skills with ability to work effectively as a self-starter
- Proficient with Microsoft Office product suite (PowerPoint, Excel, Word, Outlook) and internet-based applications
The hiring base salary range for this position is $200,000 - $225,000 annually. Actual compensation within this range will be dependent upon the individual’s knowledge, skills, experience, equity with other team members, and alignment with market data.
What’s in it for You
• A culture of innovation, empowerment, decision-making, and accountability
• Comprehensive health and welfare benefits that serve the needs of you and your family and foster a culture of wellness
• Additional benefits and amenities, including paid time-off programs (vacation, sick leave, and holidays)
Applicants will be required to undergo a background check only if and after a conditional offer of employment has been extended.
Element Fleet Management and its wholly owned subsidiaries are an equal opportunity employer committed to diversity, equity, inclusion, and belonging. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, gender identity, age, sex, sexual orientation, disability, national origin, Aboriginal/Native American status, protected veterans’ status or any other legally-protected factors. Disability-related accommodations during the application and interview process are available upon request. Should you require an accommodation with our hiring process please send an email to [email protected] or call (800) 665-9744.
