SAFCO promotes CFO to president
Jason Person is now president of Southern Auto Finance Co. (SAFCO). Images courtesy of the company.
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Three years ago, Southern Auto Finance Co. (SAFCO) hired Jason Person as its chief financial officer.
On Monday, the subprime auto lender promoted Person to be its president.
Throughout his tenure at SAFCO, the company highlighted that Person has demonstrated a disciplined and strategic approach to budgeting, forecasting, and execution, significantly strengthening the company’s financial position and growth trajectory.
Now as president, SAFCO said Person will focus on continued strategic expansion, capital efficiency, operational excellence, and strengthening its position as a leading lender in the automotive finance industry.
At SAFCO, Person also played a central role in the company’s transition into capital markets and warehouse lending. He expanded SAFCO’s asset-backed securities (ABS) platform, secured a new warehouse lending agreement with Deutsche Bank, and negotiated enhanced financing terms that generated substantial cost savings and increased covenant flexibility.
Person also developed the company’s financial analysis function, improving operational visibility and driving performance enhancements across loan servicing and other key departments.
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Person previously served as vice president and treasurer at Regional Management Corp., accomplishing multiple tasks, including:
—Leading liquidity management
—Overseeing covenant compliance across warehouse, ABL, and securitization facilities
—Restructured banking operations to reduce costs
—Implemented an interest rate hedging strategy
Earlier, as director of treasury and capital markets at Global Lending Services, he led corporate finance operations, negotiated debt, and brought the company’s first rated $150 million 144A securitization to market.
Person’s career also includes time as assistant vice president of finance for Exeter Finance.
“Jason has consistently demonstrated exceptional financial leadership and strategic vision,” SAFCO chief executive officer George Fussell said in a news release. “His experience across capital markets, finance operations, and performance management uniquely equips him to lead SAFCO into its next phase of growth.”