Lease Administration Manager

Overview:

Reporting to the COO, the VP of Lease Administration will manage the department, process, and workflow where primary functions include the administration of commercial equipment lease and loan documentation and the closing and funding of transactions. Provide transactional support and work closely with sales reps, credit, syndication, accounting, Sr. Management, customers, and vendors through all steps of the lease administration process. The VP of Lease Administration must possess a thorough understanding of the documents, process, and organizational policies and assume a lead role in the drafting and negotiating of any changes to the core lease documents as well as any assignment and third-party agreements leveraging outside counsel as needed and commercially reasonable. This position will audit and maintain compliance with standard operating procedures, review all documentation before execution (external and internal) and prior to funding, and further develop and maintain effective processes to follow up and clear any document, funding, or compliance exceptions throughout the lease administration process. Responsible for creating, maintaining, and publishing various reports for Sr. Management and work closely with all department leaders to develop and implement processes and procedures to help drive efficiencies throughout the organization. Responsible for the ongoing development of all department members and responsibility for work product and other critical risk management activities needed to minimize credit, documentation, and operational risks in commercial equipment financing.

Essential Duties:

• Hands-on Management of the department responsible for the preparation of documentation packages and funding of lease and loan transactions. Perform complete and thorough analysis, verification, and audit of all documentation, ensuring documentation and files are complete, organized, accurate, and have been prepared in accordance with approval(s), organizational policies, all applicable laws, sales, and/or use tax requirements, and liens/title have been perfected. Must possess thorough knowledge and be capable of handling all aspects of transactions from initiation to booking and funding.
• Hands-on Management of the documentation negotiation process related to equipment lease and loan documents, assignment agreements, vendor agreements, and third-party contracts. Engage in client and debt source document negotiations while ensuring the company’s economic and legal objectives are met while agreements are in a form acceptable to all parties. Must possess a thorough knowledge of equipment lease and loan documentation, including drafting and negotiating documents in a commercially reasonable manner while maintaining the company’s economic and legal objectives, limiting risk, and protecting the position of the company through the life of the lease or loan.
• Manage third-party contracts, including negotiation of annual renewal while adhering to department budget for documentation and funding processes,s including but not limited to: UCC Filing and tracking services; Dun and Bradstreet; Experian credit report services; UPS Post Office Box agreements; Title service resources; Tax Specialist agreement.
• Maintain records, including audit and maintenance of paper and electronic customer files, to be audit-ready and fully compliant with all standard operating procedures and companys policies across all departments. Maintain an effective process to ensure that “follow-up” items are received on a prompt and timely basis, and all records are updated accordingly.

Qualifications:

• 5 years of related work experience in the Equipment Leasing Industry or Finance Industry
• Bachelor’s degree or equivalent experience preferred
• Understanding of varied lease/loan structures and corresponding documentation required
• Thorough understanding of the various disciplines and departments within a leasing company
• Demonstrate strong interpersonal skills interacting with customers and potential customers during initial meetings and throughout the credit underwriting, documentation, funding, and reporting processes with the ability to establish rapport and solid relationships with external & internal customers and business partners
• Ability to exercise sound judgment, manage complex transactions, and work within tight deadlines
• Ability to effectively manage a department of up to 4 direct reports, including the interviewing and hiring process, as well as performance reviews and correctional employment plans
• Excellent written and verbal communication skills
• Ability to multi-task is critical
• Must be a self-starter with a strong work ethic
• Highly organized with strong attention to detail and problem-solver
• Ability to work independently
• Ability and confidence to interact with internal and external customers
• Proficiency in LeasePlus
• Proficiency with MS Office software and its related applications
• Proficiency with Salesforce

Benefits:

• Competitive base salary and unlimited incentive compensation program
• Medical & Dental Plans
• Participation in the FNC ESOP Program
• Company matched 401k
• Paid Vacation
• Opportunity for career growth into a leadership position in a dynamic & growing company

Job Type: Full-time

Pay: $125,000.00 - $165,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Retirement plan
• Tuition reimbursement
• Vision insurance

Experience level:

• 5 years

Schedule:

• 8 hour shift

Ability to Commute:

• Irvine, CA 92618 (Required)

Work Location: In person