Asset Based Lending, Operations Manager

Capital One; Charlotte (NC); On-site; USD 115,000 - 132,000; Full time

Job summary

An established industry player is seeking an Operations Manager for Asset Based Lending. This role involves leading a dedicated team of collateral analysts, ensuring the integrity of loan documentation, and driving strategic initiatives to enhance service delivery. The ideal candidate will have substantial experience in commercial lending and team leadership, with a focus on collaboration and data-driven decision-making. Join a forward-thinking organization that values diversity and offers a comprehensive benefits package, while contributing to the success of a diverse mix of commercial lending customers.

Benefits

Health Insurance

Performance-based Incentives

Financial Benefits

Inclusive Work Environment

Qualifications

• 4+ years in Asset Based Lending or Commercial Loan Underwriting.
• Experience leading teams or cross-functional projects for 2+ years.

Responsibilities

• Lead a team of 12 analysts ensuring collateral validity per loan agreements.
• Drive strategic initiatives and collaborate with risk partners.

Skills

Asset Based Lending

Team Leadership

Commercial Loan Underwriting

Data Analysis

Collaboration

Education

High School Diploma or GED

Bachelor’s Degree

Tools

Microsoft Office

Google Suite

Job description

Asset Based Lending, Operations Manager

The Head of Asset Based Lending, Operations Manager is an experienced, qualified individual who possesses a thorough understanding of the principles governing loan documentation. They will serve as part of the Shared Services Operations Leadership Team and help facilitate ongoing change management as well as set and drive strategic initiatives that enable the organization to better serve our Customers and internal stakeholders. They will lead a team of 12 collateral analysts supporting the day to day operations of a diverse mix of commercial lending customers and loan types. The team’s core responsibility is centered around analyzing and monitoring client’s collateral to ensure the validity of assigned collateral in accordance with their loan agreement. The team provides support throughout the life cycle of ABL lending, including providing feedback to support credit agreement negotiations, day to day collateral monitoring and ineligible calculations, through to payoff validations.

General Responsibilities:

• Lead a team of 12 Collateral Analyst associates who are responsible for analyzing and monitoring client’s collateral to ensure the validity of assigned collateral in accordance with their loan agreement.
• Set and drive strategic agenda as part of the Shared Services Operations Leadership Team.
• Support direct reports in translating strategic initiatives into tangible, measurable actions and milestones.
• Partner with Relationship Managers and Underwriters to agree on, document and implement clear delineation of roles and responsibilities throughout the ABL lifecycle.
• Collaborate with Commercial Risk partners to establish and maintain well-managed and controlled processes. Use trends in data and operational incident reporting to identify areas requiring preventative controls.
• Support direct reports throughout the life cycle of ABL lending, including providing feedback to support credit agreement negotiations, day to day collateral monitoring and ineligible calculations, through to payoff validations.
• Coordinate efforts with peers to establish best practices across all lines of businesses.
• Establish and maintain strong working partnerships with the deal team; lead regular touchpoints to address challenges and influence strategic initiatives.
• Identify and address knowledge gaps within the team; develop and provide guidance through knowledge sharing and formal training.
• Leverage metrics and KPIs to monitor team and associate performance; communicate performance to Head of Shared Services Operations during monthly business reviews.
• Represent team during regular performance and talent management cycles.
• Support team during periods of high volume by performing secondary approvals.

Basic Qualifications:

• High School Diploma, GED or equivalent certification.
• At least 4 years of experience in Asset Based Lending, Commercial Loan Underwriting, Closing or Servicing.
• At least 2 years of experience leading a team or cross-functional projects.

Preferred Qualifications:

• Bachelor’s Degree or Military experience.
• 5+ years of experience in Asset Based Lending.
• 5+ years of experience with Loan or Legal Documentation.
• 5+ years of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs).

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Salary Information:

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

• Charlotte, NC: $115,200 - $131,500 for Department Operations Manager
• Plano, TX: $115,200 - $131,500 for Department Operations Manager
• Richmond, VA: $115,200 - $131,500 for Department Operations Manager

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days. No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace.