Vice President of Credit- Mid-Ticket and Specialty Programs
We are PEAC Solutions-We are PEAC Solutions-large enough to finance the globe, yet small enough to stand shoulder-to-shoulder with our customers. We believe in the power of partnership and the promise of possibility. Our purpose is to fuel growth by providing smart, flexible lending solutions that help businesses overcome obstacles and seize new opportunities. Backed by HPS Investment Partners, a leading global investment firm, we offer equipment financing, working capital, and inventory lending solutions that keep businesses moving forward. As the world's largest independent equipment finance company, we are expanding our global footprint-and we are doing it with purpose, grit, and a commitment to those we serve.
You are someone who thrives in an environment where ambition meets action. You bring curiosity, resilience, and a strong sense of accountability. You see challenges as opportunities and believe in making an impact for customers, for your team, and for the business. If you are looking to be a part of a company that values partnership over hierarchy and purpose over routine, your next chapter could start here.
PEAC Solutions Vice President Mid-Ticket Credit and Specialty Programs is a member of the PEAC Risk Leadership Team reporting directly to the Chief Risk Officer. The VP-MTCSP provides executive oversight of Credit managing and underwrite new business applications accurately and efficiently for middle ticket equipment and commercial loan and lease applications up to $25,000,000.
The individual will both manage and underwrite all Mid-Ticket exposures; providing assistance to Sales and Operations in closing transactions with non-standard requirements; and ensuring an overall organized, timely and responsive Mid-ticket transaction management process. The Credit Leader will oversee credit risk evaluation on new loan and lease applications with a ticket size ranging from $500,000 - $25,000,000 across a wide variety of industries, markets, and equipment types by using a combination of commercial credit reports, customer due diligence and preparing the credit approval summary (CAS) forms including financial analysis. This individual will work independently and will have the ability to work within a team environment, mentoring and co-approval of the Flow Team Credit transactions on exposures under $250,000 in addition to their primary responsibilities.
Essential Functions:
- Evaluate credit risk on new equipment loan and lease applications with a mid-ticket and large ticket transactions ranging from $500,000 - $25,000,000 across a wide variety of industries
- Manage Credit Specialty Finance products underwriting in CT & I vertical for Inventory, Wholesale & Rental financing including program documentation and monitoring procedures responsibilities monitoring credit exposures exceeding $25,000,000
- Develop & implement Risk Acceptable Criteria for credit underwriting guidelines for CT & I and Inventory, Wholesale & Rental financing and all commercial finance sales verticals.
- Responsible for developing and executing credit strategy to optimize profitability and credit loss performance.
- Provide thought leadership in terms of developing conceptually sound and practically feasible underwriting strategies for PEAC's digital and offline channels.
- Assure Middle Ticket credit team deliver on all SLA's relating to turnaround time and other key service metrics.
- Voting Member of Credit Committee
- Ability to read and review commercial credit reports, customer due diligence reports, and prepare the credit approval summary (CAS) forms, including financial analysis
- Assist in the credit decision queue for Flow Underwriting Queue during surge periods to handle surges in the credit decision queue to ensure activity remains fluent and participate in ad hoc projects related to business development
- Utilize Moody's, Standard & Poor's, Dun & Bradstreet, and related commercial bureau reports to evaluate the borrower's creditworthiness
- Review, spread, and analyze business financial statements and tax returns
- Utilize national credit bureaus to evaluate the personal guarantor's creditworthiness
- Review and analyze personal financial statements and tax returns
- Ensure transactions are underwritten according to Credit policy standards
- Co-approval with Dealer Management on Advance Funding or Pre-Delivery requests exceeding $500,000
- Recommend procedure and policy changes based on portfolio and economic trends
- Underwrite and qualify new franchisors and vendors
- Comply with Credit audit procedural requirements
- Clearly communicate credit decisions in a concise manner, verbally and written, to internal departments, specifically Sales and Credit
- Prepare and present credit approval summaries to member(s) of Credit Committee and Senior Management
- Report on key performance indicators and channel performance to PEAC's Senior Leadership
Qualifications:
- Bachelor's degree (Finance, Accounting, or Economics preferred) or equivalent experience
- 15+ years commercial credit underwriting experience in Small & Middle ticket transactions with previous commercial credit underwriting experience in Equipment Leasing, CT & I and Specialty Finance products including Inventory, Rental and Wholesale finance required
- Proficiency in financial statement analysis required
- Excellent computer skills including Word, PowerPoint, and Excel
- Self-motivated and detailed oriented with strong interpersonal, communication and organization skills