Chief Credit Officer and Executive Vice President
12 - 15 years
Tysons Corner, VA
Full-time
Onsite
1 month ago
About the role
Breakout Finance is a leading FinTech lender & commercial credit solutions provider transforming the financial landscape by providing a wide range of affordable, transparent working capital solutions for small businesses across the country. We are committed to one goal: helping small businesses seize their potential and become a breakout success. We’re constantly working for small business owners, leveraging our innovative solutions and partnerships with industry leaders to help our customers achieve unparalleled growth. Join our growing team and become a champion for small business!
The Breakout Difference
We want our employees to know they are part of something special. We want every employee to be invested in our success. To help accomplish this sense of purpose and shared ownership, we offer competitive compensation and equity for all employees.
The ideal candidate is an entrepreneurial, results-driven leader in commercial lending and related financial services, able to provide both strategic and day-to-day management of a centralized credit team charged with leading the credit team, managing credit-related projects and relationships, overseeing credit compliance, managing credit risk, managing credit personnel, and handling reporting related to Credit Review. The Chief Credit Officer & Executive Vice President will lead efforts to drive efficiencies and process improvements while ensuring timely and accurate team deliverables.
Your role as Chief Credit Officer & Executive Vice President:
Qualifications:
What we offer:
The Breakout Difference
- Working at Breakout is more than just a job. It’s:
- Being encouraged to be honest and forthright with customers.
- Being empowered to break down the barriers of traditional thinking.
- Embracing the power of innovation to both grow our business & optimize funding for our customers.
- Being rewarded for strong performance, leadership, and proactive solutions.
- Holding the conviction that you can make a difference to the millions of small businesses in need of affordable funding.
- Embracing the dedication to always do the right thing.
- Feeling good about what you do for a living.
We want our employees to know they are part of something special. We want every employee to be invested in our success. To help accomplish this sense of purpose and shared ownership, we offer competitive compensation and equity for all employees.
The ideal candidate is an entrepreneurial, results-driven leader in commercial lending and related financial services, able to provide both strategic and day-to-day management of a centralized credit team charged with leading the credit team, managing credit-related projects and relationships, overseeing credit compliance, managing credit risk, managing credit personnel, and handling reporting related to Credit Review. The Chief Credit Officer & Executive Vice President will lead efforts to drive efficiencies and process improvements while ensuring timely and accurate team deliverables.
Your role as Chief Credit Officer & Executive Vice President:
- Participate as an executive officer in the leadership of Breakout Finance, including as its Chief Credit Officer & Executive Vice President, strategist, and credit risk officer
- Chair the Credit and Risk Committee; grant exceptions to credit policy and underwriting guidelines, subject to Credit and Risk Committee approval
- Lead credit strategy and portfolio analysis, compliance, and optimization
- Lead credit innovation, including development, testing, and implementation of new products and features
- Lead administration of, and compliance with, credit facilities, participation and syndication arrangements, and forward flow arrangements
- Lead relationships with all vendors related to credit, including credit risk
- Lead integration of credit products and services with technology providers
- Demonstrate leadership, strong people management skills, and excellent project management
- Manage the Credit Operations team of Underwriters, Closing Specialists, and Managers, including their reviews and career development at Breakout Finance.
- Develop structure and manage project plans in a complex, dynamic environment, iterating on plans as priorities shift and requirements evolve
- Lead a range of projects by providing strategic and tactical direction to peers and direct reports, as well as influence and guide the senior leadership team
- Design credit and risk policy and drive process improvement opportunities, ensuring cross-organizational buy-in and execution, with an eye to increased efficiencies and quality work product
- Creatively resolve complex challenges, escalate process breaks, and work closely with stakeholders as part of remediation and solution
- Inspire, motivate, and promote open communication, teamwork, diversity, and inclusion
- Drive collaboration across all areas of Credit Operations to ensure consistency, sharing of best practices, and optimization of resources and talent
- Develop and execute a risk-based review plan for credit exposures, including individual deal sampling and testing
- Review individual credit files to assess the overall credit process and accuracy of risk rating
- Identify credit process weaknesses, gaps in credit policy, and credit risk rating models
- Identify aggregation and tracking of issues to resolution
- Underwrite deals as needed
- Play an integral role in the Breakout Finance team
- Embrace our motto to treat our customers as people, not as just a deal, and work to find the best workout solution for each business
- Act as an advocate in our mission to empower small businesses
Qualifications:
- 15+ years of commercial finance experience
- 5+ years in key decision-making roles in businesses that incur credit risk
- Experience with growing originations and scaling credit products and/or lending operations preferred
- Underwriting experience
- Credit policy and review experience
- Must bring a positive, can-do attitude and demeanor, and be agile to flex with evolving and emerging business needs
- Display excellent communication and partnership skills with senior leaders across the company to manage, inform, and influence outcomes
- Display a passion for coaching, developing, and building a high-performing team
- Strong analytic background, such as developing/deploying statistical models or employing quantitative analysis to optimize business strategies
- Confidence in demonstrating judgment when making business decisions
- Experience supervising or managing others (operations experience is a plus)
- Effective leader with a track record of driving change in a dynamic, fast-paced environment
- Bachelor’s degree
- Proficient in Microsoft Word, Excel, and Google Suite
- Working knowledge of financial products strongly preferred
- Detail-oriented with the ability to pair a high volume of throughput with a high level of accuracy
- Goal-focused and willing to take the extra step to provide the best possible service to our clients
- Embraces change and a fast-paced working environment
- The dedication to always doing the right thing
What we offer:
- An enjoyable culture that encourages collaboration and rewards strong performance
- Cash bonus opportunities based on the company and individual performance
- Medical, vision, and dental insurance
- 401(k) plan with up to 4% employer match
- Vol Long Term Disability, Basic/Vol Life & Accidental Death & Dismemberment
- Paid, flexible vacation and holidays
- Day off on your birthday
- Free parking and casual work environment with no formal dress code
Skills
Financial Services