END DATE October 18, 2016

Dir, Global Risk Mgmt/Ops

WEX, inc. - South Portland, ME

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  • Company
    WEX, inc. WEX, inc.
  • Location
    South Portland, ME
  • Job Type
  • Job Classification
    Full Time
  • Experience
    Mid-Career (2 - 15 years)
  • Education
    Bachelors Degree
  • Company Ref #
  • AJE Ref #

Job Description

At WEX INC. we see corporate payments differently. We are a leading and growing global provider of payment processing and information management solutions. We are passionate about providing payment solutions with unparalleled security and control for corporate purchasing and transaction monitoring needs. We hire people who share the same passion for continuous innovation and client service that is unparalleled in our industry. We are employee centric offering value-based incentives and generous compensation and benefits packages. If you are looking for a growing career come be part of WEX today!

The DIRECTOR, RISK MANAGEMENT AND OPERATIONS is a multi-faceted position with a very broad set of responsibilities requiring significant competencies in the areas of financial control, finance/accounting, receivables management, operations, credit underwriting, and client services. The incumbent will be a seasoned risk professional with expert critical thinking, leadership and analytical skills.


Ensure effective process design and financial controls to prevent billing or payment processing errors or omissions that may result in financial expense to WEX and/or customer hardship for clients for large, strategic Fleet and Virtual Card relationships, both commercial and government. This includes the timely and efficient collection of past due receivables, and prevention/detection of large variances or reconciling items.

Oversee a credit underwriting and administration function for the companys growing Global portfolio which includes WEX Europes Virtual Card portfolio consisting primarily of mid to large companies, such as on-line travel agencies. This role also plays a significant role in the overall governance and structure of credit risk at WEX subsidiaries and joint ventures.

Administration of our WEX Direct rebate program which pays out nearly $50 million annually to qualified fleets.

Oversee the day to day administration of our tax-exempt program. This includes the accurate set-up and renewal of all tax exempt fleet customers as well as the accurate and timely filing of Federal and State CCI returns which totaled accounts for $15-20 million in company receivables. WEX exempts upwards of $100 million annually for our qualified Fleets.

Responsible for leading a department of nearly 30 people including six direct reports of which two are located in the WEX Europe office and managing an annual budget of just over $2 million.

5 years of supervisory/leadership experience in accounting, reconciliation, financial audit/control, quality control, or credit underwriting and administration

Four year college degree required MBA highly desirable

Experience in large credit underwriting

Advanced querying and reporting tools such as SAS and/or SQL

Must pass a successful background check


Master's Degree

Ability to find and recommend process improvements and execute against recommendations

Proven track record of continuous innovation to streamline processes and attain scale

Strong critical thinking skills

Advanced negotiation and dispute resolution skills

Project management

Strong Verbal and Written Communication and Presentation skills

Working knowledge of Siebel, OFIS, TSYS, and PeopleSoft

Intermediate Excel, MS Access, Word, and Outlook

Working knowledge of database structures and Business Intelligence applications

Organized, analytical, detail orientated

Effective time management and prioritization skills in a very fast paced work environment

Ability to see the big picture but be able to bring it down to a level associates can relate to

Proven ability to lead and direct a successful team

Ability to motivate employees

Ability to make quick and accurate decisions

Strong written and verbal communication

At WEX, we reward innovation, hard work and excellence. Benefits include:
Health Insurance
Dental Insurance
On Site Fitness Facility in South Portland location
401(k) Plan
Life Insurance/AD&D
Dependent Life Insurance
Short- and Long-Term Disability Programs
Flexible Spending Accounts (Medical and Dependent)
Employee Referral Award Program
Employee Assistance Program
Tuition Reimbursement
Pet Insurance
Bonus Plan