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Channel Partners Capital Equipment Finance Group

Vice President of Credit & Operations
Location: Minnetonka, MN

Company Summary

Based in Minnetonka, MN, Channel Partners Capital is a leading provider of small business loans and advances utilizing customized technology and business processes. CPC is leveraging its strong balance sheet, technology, and risk analytics competencies to launch an Equipment Finance division to support third party originators. Channel Partners empowers and trains team members at all levels to make quick decisions in order to service our partners and ensure the flexibility and nimbleness needed to compete in today’s marketplace. If you have a desire and are motivated by being a part of fast growing, nimble, and diverse organization where you can make a difference every day, Channel Partners is the perfect home for you. The Equipment Finance offering will bring a tremendous amount of growth and opportunity for successful team members at Channel Partners.

Since its founding in 2009, Channel Partners Capital has originated over 10,000 loans generating receivables of over $500 million and is one of a limited number of full-service, non-bank lenders successfully filling the gap in small business credit availability. Last year Channel Partners Capital was ranked among the 500/5000 fastest-growing private companies in the U.S. by Inc. magazine for the seventh straight year.

Channel Partners offers a flexible work environment where we encourage innovation and the growth of our team members. Compensation includes a base salary plus an annual bonus designed to support company goals. Benefits include medical and dental plans, a paid time off, an employer-match company 401K plan, life insurance, and long-term disability insurance plan.

Position Responsibilities

The Vice President of Credit reports directly to the SVP Equipment Finance and is responsible for leading the underwriting function core to Channel Partners Capital’s (“CPC’s”) business. The position is accountable for the performance and results of the underwriting team, providing strategic leadership, vision, and day to day oversight to the function. Responsible for leadership and professional development of the Underwriting Team, that includes growing a profitable portfolio.

The best candidates will be self-motivated, team-oriented and eager to be a part of a rapidly growing business.

Key Tasks
  • Works closely with the SVP Equipment Finance to provides strategic leadership and vision for the establishment of CPC Equipment Finance Group.
  • Participates with CPC’s Leadership Team in the evaluation, development, and implementation of organizational strategy.
  • Responsible for building a team and leading with a focus on critical thinking, staff development, and driving performance and results. Leads and motivates team to execute with excellence.
  • Effectively coordinates resources across teams and actively pursues opportunities to create efficiencies.
  • Identifies and implements underwriting strategies which make Channel Partners Capital a recognized, differentiated leader in the equipment finance space.
  • Works with the Leadership Team to identify and set meaningful key performance indicators to ensure business success and establishes accountability across the underwriting team. Ensures that portfolio performance meets the requirements of established business models and financial targets.
  • Keeps abreast of industry and competitor trends. Continuously builds and evolves the underwriting function.
  • Provides oversight, audit, and independent challenge to ensure underwriting and risk management practices balance with company risk tolerance and meet organizational and regulatory objectives.
  • Ensures regulatory compliance within the underwriting function for CP Equipment Finance.
Skills and Specifications
  • Demonstrated leadership capabilities including effective interpersonal skills and motivational leadership.
  • Proven change agent skilled at leading new initiatives.
  • Strategic thinking that create new levels of efficiency and effectiveness.
  • Excellent organization and industry outreach ability.
  • Expert working knowledge of underwriting third-party originated products.
Education and Qualifications
  • Minimum 10+ years’ experience in credit and small business equipment finance underwriting, 7 of which must be in a leadership role and ideally in the equipment finance industry.
  • Bachelor’s or master’s degree in relevant financial field or equivalent work experience.
  • Expert level understanding of credit and underwriting operations, including knowledge of scoring models.
  • Experience in or understanding of equipment lease financing business model in small-ticket business segment desirable.
Key Performance Indicators
  • Portfolio Performance
  • Team Engagement
  • Profitable Growth
  • Leading Industry Best Practices
To apply for this position, please follow this link Vice President of Credit & Operations.