Vice President of Operations Asset Based Lending

Marathon Asset Management, LP • New York, NY

85d • $150,000 - $200,000

About The Position

The Vice President of Operations will be responsible for the day to day overseeing and managing operational aspects of Marathon’s ABL platform including equipment finance and transportation. Coordinating with third-party providers, ensuring accuracy in transaction processing, implementing and administering systems, managing warehouse lender reporting, and ensuring compliance with regulatory requirements. The VP of Operations will play a critical role in building scalable infrastructure and supporting our growth strategy.

Requirements

• 5+ years in ABL, equipment finance, specialty lending, or private credit, with direct operation or accounting experience.
• Borrowing base calculation, collateral analysis, and senior lender reporting is a plus.
• At least a bachelor’s degree in accounting or business administration.
• Systems integration and implementation, white glove customer service, strong accounting background, transaction booking and servicing.
• Entrepreneurial builder comfortable growing and scaling the platform.

Responsibilities

• Oversee day-to-day operations related to loan and lease transactions, including booking, funding, direct and third-party servicing, collections, and payoffs.
• Portfolio reconciliations and exception reporting.
• Prepare transaction funding requests.
• Manage the flow of documentation from origination through closing and post-funding, ensuring accuracy of economic terms throughout the booking process.
• Coordinate with third-party accounting firms to reconcile transactions, financial reporting, and audit support.
• Supervise onboarding and ongoing management of third-party providers (e.g., servicers, lenders, software technology providers).
• Perform AML/KYC, OFAC, and other regulatory checks for new and existing clients.
• Coordinate and support legal entity management and regulatory filings.
• Collateral tracking and lien perfection (UCC filings, title/lien searches, insurance verification).
• Develop and enforce operational policies, procedures, and controls to ensure efficiency and compliance.
• Identify process improvements and implement best practices to streamline workflows.
• Prepare and submit warehouse lender reporting packages, including borrowing base certificates, collateral schedules, and covenant compliance reports.
• Monitor borrowing availability, advance rates, and collateral eligibility in line with warehouse and term financing agreements.
• Coordinate wire transfers, payment reconciliations, and cash movement for loan and lease transactions.
• Manage buybacks of ineligible collateral, substitutions, and related communications with warehouse agents.
• Work closely with business development, underwriting, credit, legal, portfolio management, and finance teams to ensure smooth transaction execution and servicing.
• Assist with recruiting, training, and mentoring operations staff as the business scales.
• Serve as liaison with outside counsel, auditors, and technology vendors.

Benefits

• Medical/Pharmacy
• Dental
• Vision
• HSA
• FSA
• STD/LTD
• Life Insurance
• PTO
• Commuter Benefits
• Company provided lunches

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree