Legal Counsel—Equipment Finance

International Motors; Lisle (IL); On-site; USD 180,000 - 260,000; Full time

Job summary

Navistar Financial Corporation (NFC), the finance arm of International Motors, LLC, seeks an Equipment Finance Counsel to support NFC's mission in the United States from Lisle, IL.

This attorney will provide commercial lending expertise, drive regulatory compliance, draft and negotiate financing agreements, and guide strategic decisions while coordinating with cross-functional teams and outside counsel.

Qualifications

• Juris Doctor degree and at least five years of attorney experience.
• At least one year of lead experience.
• Must be legally authorized to work in the United States without sponsorship.

Responsibilities

• Supports sales, operations, credit, capital markets and treasury with legal policies and documents for financing products.
• Negotiates and documents commercial lending, leasing, warehousing and capital markets transactions.
• Advises on regulatory compliance, licensing, anti-corruption, data privacy and related training.
• Provides support for troubled transactions, workouts and enforcement oversight.
• Drafts and negotiates vendor, service, lease and loan documents; oversees governance initiatives.
• Guides strategic initiatives and new products, and collaborates cross-functionally.

Skills

Commercial lending

Regulatory compliance

Contract drafting & negotiation

Cross-functional collaboration

Risk assessment

Strategic advisory

Communication

Outside counsel management

Education

Juris Doctor (JD)

5+ years attorney experience

Lead experience

Job description

Position Overview

Navistar Financial Corporation (NFC), the finance arm of the International Motors, LLC, has an exciting opportunity for an Equipment Finance Counsel. This position is dedicated to providing legal support across all product lines to support NFC's mission to become a leading captive finance company in the United States.

NFC is seeking an attorney who has commercial lending experience and is forward thinking with respect to the transformation of our changing industry. This position also will provide assistance in strategic decisions, compliance related matters, risk assessment, product and service development and training. The position reports to the General Counsel of NFC and will be located in Lisle, IL, USA.

Responsibilities

• Supports sales, operations, credit, capital markets and treasury and other business functions in developing and implementing and revising necessary legal policies, procedures and documentation for commercial truck, tractor, trailer, bus and other specialized transportation and commercial equipment financing products in the United States.
• Negotiates and documents a variety of commercial lending, leasing, syndication, warehouse, capital markets, working capital, retail finance and wholesale transactions.
• Provides legal guidance on regulatory compliance matters, including state finance company licensing, anti-corruption (FCPA), competition law, anti-money laundering, know-your-customer, data privacy, and commercial finance regulations, and related training and policy development.
• Provides legal support for the management, restructuring, workout, recovery and enforcement of troubled transactions and litigation/bankruptcy oversight.
• Drafts, reviews, and negotiates a broad range of commercial agreements, including vendor contracts, confidentiality agreements, service agreements, lease and loan amendments and other documents.
• Advises business stakeholders on strategic initiatives, new products and services, operational processes, risk management, and emerging legal and regulatory developments.
• Supports corporate governance, internal policies and procedures, including contract management, records retention, and other legal department initiatives.
• Participates in cross-functional projects relating to business growth, operational efficiency, digital transformation, regulatory developments, and continuous improvement initiatives.
• Manages outside counsel and other external advisors, including oversight of legal spend, project management, and alignment with company objectives.

Minimum Requirements

• Juris Doctor Degree (JD) and at least 5 years of experience as an attorney
• At least 1 year of lead experience

Additional Requirements

• Qualified candidates, excluding current employees, must be legally authorized on an unrestricted basis (US Citizen, Legal Permanent Resident, Refugee or Asylee) to be employed in the United States. We do not anticipate providing employment related work sponsorship for this position (e.g., H-1B status)

Desired Skills

• Minimum of three (3) years of experience in commercial transactions, preferably equipment leasing and financing and in a firm practice and in-house.
• Direct work experience in negotiating contracts and documenting financing transactions.
• Legal expertise in one or more of the following categories a plus: UCC Article 2A and Article 9 transactions, marketing of financing of vehicles, regulatory and compliance issues, e-documents and data privacy, financing of autonomous and/or electric vehicles, insurance, electronic signatures and/or e-chattel paper, securitization.
• Willingness to branch out and gain experience in other legal areas.
• Creativity in providing alternative legal strategies and structures.
• Flexibility and ability to multitask and manage a variety of projects with shifting priorities.
• Strong oral and written communicator with an aptitude for critical thinking and a demonstrated ability to explain complex issues clearly and accurately to a non-legal audience.
• Demonstrated commitment to compliance, integrity, and quality.
• Strong ability to identify and resolve legal issues quickly and effectively and make on-the-spot risk calls.
• Ability to prioritize conflicting demands from multiple business clients in a fast-paced environment.
• Ability to collaborate, build relationships, gain credibility, and partner effectively with others throughout the organization.
• Self-directed, solution-focused individual with strong work ethic and the ability to collaborate cross-functionally to achieve enterprise-wide results.
• Ability to strategically guide the organization through change and inspire others to get involved and solve problems.
• Knowledge and experience in key legal trends that impact the business.
• Ability to respectfully speak up, exchange feedback and provide guidance with confidence.
• Demonstrated ability to build effective working relationships with colleagues worldwide from many different cultures.