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VP, Business Development Officer / Factoring and ABL

  • New York, NY
  • Full Time

Apply for the VP, Business Development Officer / Factoring and ABL position

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Type: Hybrid

Location: New York, NY

Salary: Up to $170,000 (bonus & commission not factored into salary)

Description & Qualifications

  • Primarily responsible for managing, maintaining, & controlling a portfolio of larger, more complex client relationships as well as forming relationships, prospecting and originating deals within the space.
  • Maintain knowledge of clients’ financial condition, collateral evaluation, and industry trends.
  • Ensure client is compliant with company’s Policies and Procedures including Client Credit Authorities, Product Guidelines, Industry White Papers and RACs &TMD’s.
  • Familiarity with and ability to apply and understand company’s Compliance procedures to meet government and company regulations and risk profiles.
  • Coordinate with area operations & audit staff to ensure that clients’ information is accurate, current, is complete and presented on a timely basis.
  • Cultivate/manage relationships with the borrowers and referral sources
  • Review/analyze interim financial statements, fiscal year-end audit reports and client projections on a timely basis
  • Visit and communicate with clients as necessary
  • Responsible for generating new business along with referral source generation
  • 5-7+ years of progressive portfolio management/sales/business development experience with relevant focus in the leverage lending sector, with a focus on Retail, Apparel, Consumer Products preferred
  • Experience in any of the following: auditing, banking, commercial lending, underwriting, financial analysis, credit analysis, collateral management, asset based lending, factoring or other alternative financing methods
  • Required BA
  • Master’s degree preferred, but not required
  • Completion of bank/finance company credit training program preferred, but not required