VP, Special Assets

The VP, Special Assets is an experienced and specialized position reporting to the SVP and Deputy General Counsel, and is responsible for managing a portfolio of high-risk and non-performing financings and distressed business for major accounts up to $5 million to mitigate losses and maximize recoveries. The role requires the development and implementation of sophisticated workout strategies, including debt restructurings, financing modifications, forbearance agreements, and liquidation, as well as the use of legal processes, to maximize recoveries and achieve optimal resolutions. The VP, Special Assets also supports counsel in legal actions and coordinates the recovery efforts by counsel and Kapitus.

This senior role requires extensive commercial financing expertise including the management of portfolios of high-risk and non-performing accounts, strong analytical, communication, and negotiation skills, the ability to resolve complex major accounts while aligning recovery efforts with business goals and regulatory requirements. The VP, Special Assets will collaborate with various departments to document, manage, and mitigate potential risks.

What you will do:

• Develop and implement sophisticated workout strategies for collections, loss mitigation, and special asset management on complex and large balance accounts to optimize recovery and minimize losses.
• Lead negotiations with debtors, borrowers and guarantors to structure and implement complex workout solutions including debt restructuring, financing modifications, forbearance agreements and liquidations, as well as the procurement of additional collateral or other security, to achieve favorable resolutions of major accounts. Ensure accurate and complete documentation and filings are effectuated on complex and large balance accounts (e.g., UCC filings, mortgages, deeds of trust, and vehicle titles).
• Ensure all recovery efforts comply with legal requirements and internal policies and procedures and are documented properly in Kapitus’s system of record.
• Collaborate with, and assist, in house and outside counsel with major account litigation, bankruptcies and state law insolvency proceedings, workouts, and legal strategies and processes as needed. Coordinate all recovery efforts between counsel and Kapitus.
• Conduct comprehensive analysis and review of financial statements (balance sheets, income statements, cash flow statements), bank statements and other business and personal financial records as well as cash flow analyses to identify risk on non performing major accounts and potential problem financings and develop strategies to mitigate these risks and favorably resolve these accounts.
• Monitor and track the performance of troubled accounts, analyze trends, and prepare regular reports for senior management on the status of high risk accounts and recovery efforts.
• Partner with in house counsel, major accounts, risk, underwriting, operations, and senior management to monitor risk, execute workout, and develop recovery strategies.
• Implement escalation protocols for all key risks and controls to ensure escalation occurs, when necessary, in a timely manner.
• Coach, mentor, and train staff as well as other team members in recovery risk mitigation protocols and processes.
• Stay up to date on policy and procedures, as well as business and economic developments which impact the financing portfolio in general

What we’re looking for:

• Bachelor’s degree required, MBA preferred with a focus in Business, Management, Quantitative field (statistics, data engineering, finance, etc.)
• CPA or CTA (Certified Turnaround Professional) highly desirable
• 7+ years of experience in managing portfolios of high-risk and non-performing commercial financings, including developing and implementing workouts, restructurings, liquidations and other recovery methods, as well as credit risk, and distressed asset management, with a proven track record of successfully resolving complex distressed accounts.
• 7+ years of experience negotiating complex restructurings, settlements, forbearance and workout agreements.
• 7+ years of experience in supporting counsel with major account litigation, bankruptcy and state law insolvency proceedings, workouts and legal strategies to maximize net recoveries.
• Deep understanding of commercial financing including traditional loans and revenue based financings, performance guarantees, security agreements and collateral, creditor’s rights and remedies including without limitation, credit card processor restraints, UCC demands and sales, foreclosure, and judgment enforcement.
• Knowledge and understanding of evolving regulatory environments and governance processes including bankruptcy and UCC filings.
• Proficiency in financial modeling and analysis
• Effectively utilize various tools and techniques, including financial ratios, to evaluate a borrower's financial strength and assess risk.
• Strong analytical, negotiation, and communication skills, with the ability to interact effectively with internal and external stakeholders at all levels.
• Confidentiality and integrity a must
• Attention to detail
• Excellent organization and time management
• Excellent problem-solving and reasoning skills
• Ability to deal with ambiguity and change
• Excellent verbal and written communication skills
• Strong business literacy

Kapitus Total Rewards Package Includes:

• Competitive Base Salary Range of $130,300-$209,000 Kapitus is providing this as a good faith salary range to comply with applicable law. The applicant’s final salary will depend on a number of factors including the applicant’s geographic location, skills, and experience.

• Quarterly Legal Bonus
• Health Insurance: We offer comprehensive medical, dental, and employer-paid vision plans through UnitedHealthcare (UHC), with various coverage levels available to meet the needs of our employees and their families.
• 100% Company Paid Insurances: Kapitus fully covers the cost of basic short-term and long-term disability insurance, as well as vision insurance, ensuring our employees have comprehensive protection without any personal expense.
• Voluntary Insurance: Supplemental life insurance as well as enhanced short- and long-term disability coverage are available through Mutual of Omaha, providing additional security for our employees. Additionally, Colonial Accident and Hospitalization insurances are also available, offering further protection against unforeseen events.
• Paid Maternity and Parental Leave: Beyond state-mandated leave policies, Kapitus provides company-paid maternity and parental leave, supporting our employees during important family milestones.
• LifeBalance Program: Enhance your lifestyle with our LifeBalance membership, which offers discounts on outdoor activities, the arts, health, and fitness. Additional benefits include:
• Pet and car insurance discounts.
• Financial services such as LegalShield.
• Relaxation and stress management tools, including a fully covered annual subscription to The Calm App.
• Plum Benefits Discount Program: Access exclusive discounts on shows, travel, car rentals, and more, enriching your personal and family life.
• Tuition Reimbursement: Pursue further education with up to $5,000 annually in tuition reimbursement, plus opportunities to attend relevant conferences and career development events.
• Transit Reimbursement: We also offer transit reimbursement for all work-related travel, supporting your involvement in career and personal development activities.
• Paid Time Off and Sick Time
• Retirement Benefits: Our 401K plan is managed through Fidelity, featuring a 25% match on employee contributions, helping you plan for a secure financial future.

About Kapitus:

Kapitus is one of the most reliable and respected names in small business financing. As both a direct lender and a marketplace built with a trusted network of lending partners, we can provide small businesses with the financing they need when, and how it is needed.

We have spent our entire existence building a culture that makes us excited to come to work in the morning. Our company is fast paced, teammates need to be self-directed and have an internal motivation to do the right thing, even when the right thing takes a lot of hard work.

We show our teammates our appreciation by offering great benefits, competitive pay and solid opportunity for growth.

Company Mission:

At Kapitus, our mission is to help small business owners grow their organizations by providing tailored, transparent, and ethical financing solutions. We invest in every business owner’s story and we are dedicated to building lasting relationships to champion their goals. We promise to keep the best interests of our clients at the center of the financing process by operating with transparency, fairness, and integrity.

Consideration will be given to qualified remote candidates residing in states where Kapitus and/or one of its subsidiaries has an established physical presence.