ELFA - Equipment Leasing and Finance Association - Equipping Business for Success


North Mill Appoints Five New Employees

Posted 11/04/2020
NORWALK, CT – North Mill Equipment Finance, LLC (“North Mill”), a leading, independent commercial lender in Norwalk, CT, is pleased to announce the appointment of Jeffrey T. Schick as the company’s Operational Controller.

Four additional employees have joined the organization including Elizabeth Arias-Hernandez as Portfolio Manager, Kimberly Merryfield as Account Manager, Yocasta Olivo as Title & Insurance Administrator and Maya Samad as Sales & Marketing Assistant.

Reporting to the company’s Chief Financial Officer, Mr. Schick will have direct responsibility for a $300MM lease and loan portfolio.  Managing a team of four portfolio accountants, he will oversee cash application and balancing, new originations, performance metrics and efficiency initiatives.  Prior to joining North Mill, he was a consultant with Resources Global Professionals out of New York City.  He also held various senior positions at GE Capital during which time he earned his Six Sigma Black Belt Certification.  A graduate of Western Connecticut State University in Danbury, CT, he received a BBA in accounting and an MBA from the University of Massachusetts, Amherst, Amherst, MA.

Ms. Arias-Hernandez joins North Mill as Portfolio Manager reporting to the company’s AVP of Legal.  She will leverage her background in accounts receivable to help restructure payment plans for customers in need of alternative arrangements.  Ms. Arias-Hernandez was with High Ridge Brands in Stamford, CT as a Trade Spend Financial Analyst and a Business Compliance Analyst with Mastercard in Purchase, NY before accepting her new role at North Mill.  She earned a BA from Iona College in New Rochelle, NY.

Reporting to North Mill’s VP of Customer Relations, Ms. Merryfield will use her financial services background as both an analyst and customer service representative to support North Mill’s growth operation.  Given the company’s record-breaking year in originations, she was brought on to join an expanding team of account managers tasked with supporting the growing base of new referral agent partners and their customers.  Prior to joining North Mill, she was an Account Analyst for Marlin Business Bank in Mt. Laurel, NJ where she helped manage client relationships along with overseeing the day-to-day operations of the bank’s brokerage division.  She earned her Associates Degree from Camden County College in Blackwood, NJ.

Two recent college graduates, Yocasta Olivo and Maya Samad join North Mill as Title/Insurance Administrator and Sales & Marketing Assistant, respectively.  North Mill’s tremendous growth in 2020 necessitated the creation of a hybrid role supporting both the title and insurance departments.  Reporting to the AVP of Operations, Ms. Olivo will help manage the day-to-day operations of both departments.  She earned her BS in International Business & Finance from Fairfield University in Fairfield, CT.  Ms. Samad, reporting to North Mill’s Chief Marketing Officer, will train in all facets of the organization.  Her duties include performing market analytics, assisting in website development, and supporting the account and relationship management teams.  A recent graduate of Bucknell University in Lewiston, PA, Ms. Samad earned a BS in Business Administration.

About North Mill Equipment Finance
Headquartered in Norwalk, Connecticut, North Mill Equipment Finance originates and services small-ticket equipment leases and loans, ranging from $15,000 to $300,000 in value.  A broker-centric private lender, the company handles A – C credit qualities and finances transactions for numerous asset categories including medical, construction, transportation, vocational, franchise, manufacturing, and material handling equipment. North Mill is majority owned by an affiliate of Wafra Capital Partners, Inc. (WCP).  For more information, visit www.nmef.com.

Don Cosenza
North Mill Equipment Finance
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