VP Contracts Management
Le Meas Executive Search are delighted to partner with a leading specialist aircraft leasing firm on a VP role on their contracts management team.
This role will assume end-to-end responsibility for the administration of executed lease agreements.
This includes ensuring accurate lease set-up, timely billing and collection of all amounts due, ongoing compliance with insurance and contractual obligations, and clear, timely reporting on receivables and lessee risk to management, lenders and boards.
This is a hands-on, cross-functional role working closely with Commercial, Legal, Finance, Technical and Risk teams, as well as airline customers, insurance brokers and facility servicers.
Responsibilities
Lease set-up and administration
- Review executed leases, letters of intent (LOIs), amendments, novations and sale agreements, and ensure their accurate set-up in the lease management system (LeasePoint), including rent, maintenance reserves, security deposits, letters of credit, guarantees and key contractual dates.
- Maintain accurate and current contract records throughout deliveries, rent adjustments, restructurings, deferrals, extensions, redeliveries and aircraft sales.
- Take ownership of contract and receivables data quality, working with the system provider and Business Intelligence team to resolve issues in LeasePoint and associated Power BI reports.
- Maintain clear procedures and audit-ready records, and respond promptly to auditor queries and balance-confirmation requests.
Billing and collections
- Lead the monthly billing cycle for rent and maintenance reserves, and oversee all other invoicing, including commitment fees and LOI deposits, delivery and initial rent invoices, late-payment interest, recharges, sale proceeds and credit notes. Ensure every invoice is validated against the relevant agreement and appropriately approved before issue.
- Partner with Finance to allocate lessee receipts accurately and investigate outstanding or unidentified payments with banks and facility servicers.
- Manage the collection of overdue balances directly with lessees, escalating matters promptly where required. Prepare statements of account, late-payment interest calculations and supporting input for default notices.
- Lead the month-end arrears close and present a clear receivables position at the weekly portfolio receivables meeting and monthly regional operations meetings.
Insurance and lessee compliance
- Oversee lessee insurance compliance by monitoring insurance and reinsurance certificates, broker letters of undertaking and renewal dates, ensuring that each aircraft remains appropriately covered at all times.
- Coordinate companies annual fleet insurance renewal with the company's brokers, and support insurance and maintenance reserve claims through to final settlement.
- Work with VP risk if required to obtain and review lessee financial statements and other contractual reporting deliverables, and monitor compliance with applicable financial covenants.
- Manage lessee tax documentation required for withholding-tax relief, including tax residency certificates and Form 10F, and support know-your-customer and sanctions-screening processes ( if assistance required in conjunction with legal department)
Reporting and risk
- Lead the preparation of the monthly Red Flag and Month-End Risk reports, providing a clear view of receivables, arrears and exposure by lessee and facility, and incorporating risk scores, technical exposure and asset values supplied by relevant teams.
- Prepare monthly servicer and lender reporting for ABS and loan facilities, deliver receipts forecasts, and coordinate responses to rating-agency and investor requests.
- Prepare board materials covering billings, collections and portfolio performance for the company and ABS boards, and present receivables updates as required.
- Partner with the Vice President, Risk to maintain the counterparty credit risk model and complete its annual refresh using current lessee financial and operating data.
- Work closely with the Vice President, Risk on significant restructurings, providing timely analysis of receivables, contractual positions and counterparty exposure.
Deal support
- Provide authoritative contract-management support to deal teams across new leases, LOIs, amendments, aircraft sales and restructurings. Review payment, deposit, insurance and default provisions; determine deposit and commitment-fee positions; and provide accurate receivables, insurance and asset data to support informed decision-making.
Requirements:
- 3 -5 years to five years of relevant experience in contract management, lease administration or receivables within the aircraft-leasing sector
- Strong working knowledge of operating-lease provisions, including rent, maintenance reserves, security deposits, letters of credit, insurance requirements, late-payment interest and events of default.
- Demonstrated experience using a lease management platform such as LeasePoint, together with advanced Microsoft Excel capability; experience with Power BI would be advantageous.
- A sound understanding of aviation insurance, including hull, war-risk and contingent cover and broker letters of undertaking; familiarity with ABS or lender reporting would be beneficial.
- Exceptional accuracy, organisation and judgement, with the ability to manage competing priorities and consistently meet month-end and reporting deadlines.
- A confident and commercially astute communicator, able to pursue overdue payments firmly and professionally, engage effectively with airline customers worldwide and brief senior stakeholders clearly.
- A proactive, solutions-focused approach, with the ability to exercise sound judgement and resolve issues efficiently.
- The ability to work autonomously, take ownership of outcomes and maintain meticulous attention to detail.
- A degree in finance, accounting, business or a related discipline, or equivalent relevant professional experience.