VP, Equipment Finance Underwriting Manager

Axos Bank

Target Range:

$100,000.00 /Yr. - $160,000.00 /Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 17.5%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 17.5%

These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This Job

This position is responsible for the implementation of the credit risk underwriting/management function for Equipment Finance (EQF), including underwriting complex equipment leasing transactions, evaluating credit proposals, and making written credit recommendations to management specifically identifying and assessing risks and mitigants, and repayment ability of Lessees, ensuring compliance with external regulatory and internal bank policy and guidelines, and management of support staff.
The incumbent will participate in the development and recommendation of objectives, policies and procedures, ensuring consistent operational, regulatory and quality standards and methods as it relates to Equipment Finance credit underwriting function, risk-rating assessment, while providing quality resource training, guidance and functional direction to support staff, monitor portfolio quality, turnaround time, and provide performance feedback to staff.

• Manage and effectively execute on existing pipeline of Equipment Finance, and assist in complex deal negotiations

• Assume some credit structuring and other credit process responsibilities from the Senior Credit leadership in C&I and from the Chief Credit Officer

• Oversight of analyses of the financial condition and credit worthiness of existing and potential clients

• Manage the due diligence process for all new equipment lease applications

• Insure monthly and/or quarterly reviews of existing borrowers track compliance with lease covenants, raising potential concerns to Relationship Managers (RM) and Senior Management for resolution; monitor actions taken to address remedial management

• Independently formulate questions and directly engage with customers/prospects, in addition to RM and Senior Management, to address any information, issues, or concerns

• Provide input on product features/benefits and marketing proposals to support the business

• Assist with the preparation of reports, information requests, credit inquiries, Pre-Investment Committee submissions, term sheets, Credit Memorandum, and other special requests

• Perform industry and geographical research and other due diligence as needed

• Recommend changes to processes, policies, procedures, and technology to achieve greater efficiency

• Ensure all credit commitments are documented in accordance with credit approvals and legal guidance

• Conduct due diligence and attend bank/customer meetings as required

• Perform related duties and participates in special assignments and projects as required

Axos Employee Benefits May Include:

• Medical, Dental, Vision, and Life Insurance

• Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)

• HSA or FSA account and other voluntary benefits

• 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan

• Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading

About Axos

Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.

Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

Learn more about working at Axos

Pre-Employment Background Check and Drug Test:

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefor