VP Operations & Underwriting

Firm Overview

Deep Ocean Partners ("Deep Ocean") is a New York–based asset management firm whose mission is to create long‑term value for investors by delivering uncorrelated, outsized risk‑adjusted returns in private credit. With a flexible mandate, rigorous investment process, and focus across the credit spectrum—including Direct Lending, Specialty Finance, Asset‑Backed Lending (ABL), Factoring, Special Opportunities, and Distressed—Deep Ocean seeks to capitalize on niche, high‑barrier segments of the private‑credit market while maintaining agility to deploy into the most attractive opportunities at any point in the credit cycle. The firm combines institutional‑grade credit structuring with technology‑enabled, data‑driven underwriting, leveraging live borrower data to dynamically price, monitor, and optimize credit exposures. Its platform fuses the analytical depth of hedge‑fund investing with the risk discipline of traditional credit, enabling the firm to originate and manage bespoke, collateralized loans across North America, Latin America, and Europe. To scale its presence in Latin America, Deep Ocean formed a strategic joint venture with Polymath Ventures, a leading venture builder headquartered in Mexico City. The joint venture, Deep Ocean Polymath Ventures ("DOPV"), is dedicated to deploying structured credit solutions to fintechs, specialty‑finance platforms, and SME lenders across Mexico and broader Latin America. DOPV combines Deep Ocean's credit structuring and data infrastructure with Polymath's deep regional operating footprint and venture‑building expertise, creating a uniquely integrated lending and innovation platform. The Mexico City office serves as a key operational hub for DOPV and for Deep Ocean's broader cross‑border private‑credit deployments, ensuring seamless collaboration between Mexico‑based borrowers and the firm's portfolio and asset‑management teams in New York. The Vice President – Operations & Underwriting will play a central role in supporting both Mexico‑based transactions under DOPV and US‑originated private‑credit and factoring facilities, acting as a shared resource across the two platforms.

Description

Deep Ocean Partners is seeking a Vice President – Operations & Underwriting to join its Mexico City office. This is a multi‑disciplinary, high‑impact role that combines operational leadership within Deep Ocean's factoring and receivables‑finance platform with analytical support for the firm's private‑credit and ABL execution efforts across both the United States and Mexico. The VP will be responsible for overseeing the day‑to‑day mechanics of factoring and asset‑backed lending operations, including borrower onboarding, collateral verification, cash‑flow management, and reporting accuracy. In parallel, the role will contribute to deal underwriting, due diligence, and closing execution, supporting Deep Ocean's and DOPV's portfolio of transactions across fintech, e‑commerce, manufacturing, and specialty‑finance verticals. The successful candidate will be an operationally strong, analytically minded professional capable of bridging disciplines—equally comfortable managing daily funding and collections processes as they are reviewing borrowing‑base models or underwriting a new facility. They will serve as a critical connective node between Deep Ocean's Mexico‑based borrowers, servicing partners, and its Portfolio & Asset Management teams in New York and Mexico City. This position offers a rare opportunity to contribute to the scaling of a cross‑border institutional credit platform and to work directly with senior leadership on both sides of the joint venture. This is a full‑time, in‑office position based in Mexico City.

Key Responsibilities

Operational Management (Factoring & ABL)

• Oversee day‑to‑day operations of factoring and receivables‑finance transactions, including borrower funding, reserve management, collections, and reconciliations.
• Validate invoice and payor eligibility, perform receivable verification, and manage notification processes to ensure compliance with facility documentation.
• Maintain real‑time visibility into collateral pools, concentrations, dilutions, and aging across multiple borrowers.
• Coordinate with local accountants, servicers, and legal counsel to ensure adherence to transaction mechanics and reserve policies.
• Manage and enhance operational dashboards, borrower data feeds, and reporting protocols.
• Identify and implement process improvements to strengthen accuracy, transparency, and scalability of factoring and ABL operations.

Underwriting & Due Diligence

Execution & Portfolio Support

Cross‑Functional Collaboration

Requirements

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