Credit Manager Large Ticket- Irving, TX

Velocity Vehicle Group•Irving, TX

2d•Onsite

About The Position

The Credit Manager Large Ticket at Crossroads Equipment Lease and Finance, LLC ("CELF") is responsible for maintaining robust risk controls, cultivating relationships with stakeholders, and managing complex underwriting processes. This role is crucial in ensuring CELF's financial integrity and adherence to industry standards. By leveraging portfolio insights and guiding credit decisions, the Credit Manager Large Ticket, plays a key role in minimizing risks and optimizing outcomes for the company. Additionally, this position focuses on nurturing talent within the team, fostering a culture of excellence, and driving continuous improvement to meet evolving business needs.

Requirements

Bachelor's degree in Finance, Accounting, Business Administration, or related field
Minimum of 7 years of experience in credit risk management, preferably in equipment finance.
Previous experience managing a team of credit analysts and underwriters.
Knowledge of regulatory requirements and industry standards specific to equipment finance.
Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams
Strong financial statement analysis skills, with the ability to interpret financial statements and assess creditworthiness
Proven leadership abilities, including the ability to motivate and develop teams, drive results, and manage change effectively.
Proficiency in Microsoft Office Suite and experience with credit management software systems.

Nice To Haves

Certified Lease and Finance Professional (CLFP) designation

Responsibilities

Manage a subset of the credit risk team with a focus on credit applications > $1 mil.
Conduct thorough and comprehensive analyses of financial statements, credit reports, and other relevant documentation to assess creditworthiness and mitigate risks.
Collaborate with sales, dealers, and customers to understand their needs, address concerns, and facilitate mutually beneficial agreements.
Develop and implement key performance indicators (KPIs) to monitor credit performance and track progress towards CELF’s strategic objectives.
Stay abreast of industry trends, regulatory changes, and best practices in credit risk management, continuously enhancing knowledge and skills.
Proactively identify key credit, enterprise, legal, financial, and reputational risks applicable to CELF and identify any areas of opportunity within the portfolio.
Focus on managing CELF’s credit policies and procedures, ensuring policy exceptions are carefully evaluated and approved by the appropriate approving authorities.
Coach the Credit Analysts to ensure all credit approvals meet CELF’s risk tolerances and guidelines.
Implement training programs and initiatives to enhance the skills and competencies of team members with a focus on credit/collateral risk assessment, risk mitigation, and financial statement analysis.
Act as a liaison between the credit risk team and external stakeholders, representing CELF in negotiations, meetings, and industry events.
Provide a collaborative and inclusive work environment, promoting open communication, teamwork, and professional development opportunities for staff members.
Lead change management initiatives within the credit risk team, guiding staff through transitions and fostering adaptability to evolving processes and technologies.
Foster a culture of excellence, accountability, and professional development.