Vice President, Credit Operations
About The Position
NewLane Finance is a commercial equipment finance company, serving small and mid-size businesses nationwide. Our mantra is “business lending done right,” and our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions to businesses with unmatched levels of speed, convenience and customer service. We offer products and services to the business community primarily through financing programs with equipment manufacturers, distributors, and dealers. The Vice President of Credit is a senior leadership role responsible for overseeing the organization’s credit policy, risk management, and lending strategy. This role provides strategic direction and hands-on oversight of underwriting, portfolio management, and credit policy, ensuring timely and sound credit decisions in a fast-paced, client-focused environment. The VP of Credit plays a highly visible and collaborative role, partnering closely with originations, sales, and executive leadership.
Requirements
- Demonstrates NewLane’s values of Integrity, Passion, Teamwork, and Commitment to Excellence.
- Bachelor’s degree in finance, Economics, Accounting or related field required.
- Minimum 10+ years experience in credit and equipment finance underwriting
- 7 years experience in a leadership position.
- Understanding of credit and underwriting operations, including experience with scoring models.
- Experience in small ticket equipment finance desired
- Proficient in Microsoft Office Suite including Excel and computer literacy skills required.
- Good working knowledge of other functional departments (i.e., Sales, Funding, Servicing, Collections, etc.) and their interactions with the Credit department.
- Excellent verbal and written communication skills.
- Candidate should be self-motivated and possess a desire to learn.
- Strong organizational skills and attention to detail with sense of urgency.
- Ability to work independently as well as in a team setting in a fast-paced environment.
Responsibilities
- Develop, implement, and continuously refine credit policies, underwriting standards, and risk frameworks
- Align credit strategy with overall business goals, growth targets, and risk appetite
- Responsible for building and developing a team with a focus on critical thinking, staff development, and driving performance and results.
- Monitor economic trends and adjust credit policies accordingly
- Oversee credit risk across all sales segments (ex. syndications, vendor, end-user, broker)
- Provide hands-on review and approval of middle-market and complex transactions (e.g., $250K+)
- Incorporate economic trends, industry outlooks, and market conditions into decision-making
- Maintain credit files, audit readiness, and strong documentation standards
- Oversee development, implementation, and ongoing maintenance of credit scoring models for underwriting and portfolio monitoring
- Be an active participant in Senior Leadership meetings, contributing thoughts and ideas to help achieve NewLane’s goals and objectives.
- Ensures regulatory compliance within the underwriting function
Benefits
- Health
- Dental
- Vision
- 401k with match
- flexible spending
- Life Insurance
- Short Term and Long-Term Disability Insurance
- generous PTO
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What This Job Offers
Job Type
Full-time
Career Level
Senior
