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Vice President, Commercial Truck Lease Purchase

Date Posted: 2/18/2021

Job #1580180
Chattanooga, Tennessee

Lucas Group has partnered with a fast growing Equipment Leasing company specializing in Commercial Truck financing. They are in search for a Vice President of their Commercial Truck Lease Purchase division. This person will lead a division which has grown by 30 to 40% over the last 5+ years. Our client's services range from Fleet Leasing, customized Lease Purchase programs, and Equipment Remarketing.  

Scope of Responsibilities:

  • Overseeing the success of all Lease Purchase business and other related activities -- may include development and implementation of further business activities, policies and procedures
  • Ensuring compliance with state/federal commercial leasing/finance regulations
  • Working closely with accounting division to ensure smooth process flows along with fiduciary duty compliance
  • Ensuring the effectiveness of divisional sales, lease originations and marketing functions
  • Management of lease purchase programs within the acceptable turnover expectations
  • Managing carrier programs to effect off-lease inventory at or below 5% for each carrier program
  • Establishing and maintaining deep relationships with carrier executive management
  • Overseeing lease pricing models processes
  • Negotiation of carrier agreements with potential carrier relationships
  • Meeting divisional performance requirements as set by the executive team
  • Evaluate existing business infrastructure to determine operational capabilities
  • Develop and maintain strong relationships with company management, business teams and investors.
  • Develop contingency plans to deal with critical situations and emergencies.

Skills Needed:

  • Strong understanding of lease accounting, lease finance origination, servicing processes and procedures
  • Strong experience with used truck values and condition standards
  • Strong experience in building lease models and analytics
  • Deep experience with Excel, leasing, fix asset and other related business software system development, integration and documentation.
  • Strong communication and presentation skills.
  • Proven ability to build productive business relationships and achieve consensus based outcomes.
  • Proven ability to work under pressure while producing accurate output.
  • Proven ability to effectively manage and prioritize multiple activities and competing deadlines.
  • Proven ability to work cross-functionally at all levels.
  • Demonstrated ability to translate document and/or contract language into process requirements.
  • Demonstrated ability to build successful internal and external business relationships.
  • Strong professional presence along with excellent written and verbal English communication skills; additional languages a plus.

Educational & Work Requirements:

  • Degree: BA / BS Accounting or Finance
  • Work Experience: 10+ years in commercial truck financing or lease purchase management or related role

Title: Vice President, Commercial Truck Leasing / Financing

Location: Chattanooga, TN

Client Industry: Commercial Truck / Transportation Financing

Client Job ID: 15801080

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