Vice President of Operations Asset Based Lending

Marathon Asset Management is a leading global asset manager specializing in public and private credit with ~$24 billion in assets under management. Marathon is recognized as a distinguished leader with 27+ years of exceptional performance and partnership. Marathon’s integrated global credit platform is driven by our specialized, highly experienced, and disciplined teams across Private Credit: Direct Lending, Asset Based Lending and Opportunistic Credit and Public Credit: High Yield, Leveraged Loans & CLOs, Emerging Markets, and Structured Credit. Marathon’s mission is to build lasting partnerships with an unwavering commitment to delivering best-in-class performance, service, and reliability on behalf of our clients.

Position Overview

The Vice President of Operations will be responsible for the day to day overseeing and managing operational aspects of Marathon’s ABL platform including equipment finance and transportation. Coordinating with third-party providers, ensuring accuracy in transaction processing, implementing and administering systems, managing warehouse lender reporting, and ensuring compliance with regulatory requirements. The VP of Operations will play a critical role in building scalable infrastructure and supporting our growth strategy.

Operational and Portfolio Management

• Oversee day-to-day operations related to loan and lease transactions, including booking, funding, direct and third-party servicing, collections, and payoffs.
• Portfolio reconciliations and exception reporting.
• Prepare transaction funding requests.
• Manage the flow of documentation from origination through closing and post-funding, ensuring accuracy of economic terms throughout the booking process.
• Coordinate with third-party accounting firms to reconcile transactions, financial reporting, and audit support.
• Supervise onboarding and ongoing management of third-party providers (e.g., servicers, lenders, software technology providers).
• Perform AML/KYC, OFAC, and other regulatory checks for new and existing clients.
• Coordinate and support legal entity management and regulatory filings
• Collateral tracking and lien perfection (UCC filings, title/lien searches, insurance verification).

Systems & Process Administration

• Develop and enforce operational policies, procedures, and controls to ensure efficiency and compliance.
• Identify process improvements and implement best practices to streamline workflows.

Funding & Accounting Support

• Prepare and submit warehouse lender reporting packages, including borrowing base certificates, collateral schedules, and covenant compliance reports.
• Monitor borrowing availability, advance rates, and collateral eligibility in line with warehouse and term financing agreements.
• Coordinate wire transfers, payment reconciliations, and cash movement for loan and lease transactions.
• Manage buybacks of ineligible collateral, substitutions, and related communications with warehouse agents.

Leadership & Collaboration

• Work closely with business development, underwriting, credit, legal, portfolio management, and finance teams to ensure smooth transaction execution and servicing.
• Assist with recruiting, training, and mentoring operations staff as the business scales.
• Serve as liaison with outside counsel, auditors, and technology vendors.

• Experience: 5+ years in ABL, equipment finance, specialty lending, or private credit, with direct operation or accounting experience. Borrowing base calculation, collateral analysis, and senior lender reporting is a plus.
• Education: At least a bachelor’s degree in accounting or business administration
• Skills: Systems integration and implementation, white glove customer service, strong accounting background, transaction booking and servicing.
• Mindset: Entrepreneurial builder comfortable growing and scaling the platform.

The average salary for this role is $150,000- $200,000 in base pay and is exclusive of any bonuses or benefits.  The base pay offered will be determined based on your experience, skills, training, certifications and education, and in addition we will also consider market data. 

We do not anticipate that candidates hired will begin at the top of the range, however, from time to time, it may occur on a case-by-case basis.  Marathon benefit highlights include (but are not limited to) Medical/Pharmacy, Dental, Vision, HSA, FSA, STD/LTD, Life Insurance, PTO, Commuter Benefits, and company provided lunches.

No agencies, please

Equal Opportunity Employer M/F/D/V