VP, Managing Director – Indirect Originations

Posted 3hrs ago

Employment Information

Education
Salary
Experience
Job Type

Report this job

Job expired or something wrong with this job?

Job Description

VP managing indirect equipment-finance originations for Axos Bank. Buying third-party transactions, overseeing funding partnerships, and driving annual indirect sales targets.

Responsibilities:

  • Buy all small (app only) and large ticket (full financial package) originations generated by third parties, including banks, non-banks, and captives
  • Direct deal buys from select banks with established or prospective funding relationships
  • Target transactions meeting Verdant risk-adjusted return requirements and predetermined credit parameters
  • Assist outside sales representatives in buying repetitive or opportunistic portfolios from vendor captives and independent finance companies
  • Support sourced deals, including onboarding funding partners, preparing credit write-ups, coordinating documentation with Operations, and handling funding items with Finance/Accounting
  • Represent Indirect Sales in the Chief Commercial Officer’s weekly MM meetings
  • Manage existing funder partnerships, including oversight of the Servicer Reporting Function
  • Engage and formalize new funding partner relationships with support from the Chief Commercial Officer
  • Achieve Verdant’s annual indirect sales target through small-ticket and large-ticket originations
  • Manage macro issue topics and opportunities for company consideration

Requirements:

  • Bachelor's Degree or equivalent experience in formal bank credit training program
  • Analytical skills
  • Strong leadership and communication skills
  • Strong credit background in equipment finance
  • At least 5 years combined of credit, sales, and/or capital markets in equipment finance
  • Leadership and supervision of Capital Markets functions including identification and set up of funding partner relationships, portfolio or individual app only buy processes, ability to present an underwriting of a large ticket transaction, understanding of pricing, and discounting including effect of residual dynamics
  • Successfully pass a credit check, criminal background check, and pre-employment drug screening, including screening for marijuana
  • Employment eligibility verification through the U.S. Department of Homeland Security E-Verify program

Benefits:

  • Medical, Dental, Vision, and Life Insurance
  • Paid Sick Leave
  • 3 weeks’ Vacation
  • Holidays (about 11 a year)
  • HSA or FSA account
  • Other voluntary benefits
  • 401(k) Retirement Saving Plan with Employer Match Program
  • 529 Savings Plan
  • Employee Mortgage Loan Program
  • Free access to an Axos Bank Account with Self-Directed Trading