Encina Equipment Finance, LLC (EEF) announced the addition of Michael Molenda to the commercial team as Managing Director, and Marc Parauka to the risk team as Vice President.

As a Managing Director on EEF’s commercial team, Molenda will have responsibility for originating new business. He will report to Rick Matte, EEF’s President and Chief Operating Officer. Molenda has been working in the middle market for 27 years, holding various roles in sales, management and risk. Prior to joining EEF, Molenda was a Senior Director of Sales in PNC Bank’s structured equipment finance group, where he was responsible for originating equipment loans for the Business Credit portfolio.

As a Vice President on EEF’s risk team, Parauka will have responsibility for both new business underwriting and portfolio management duties. He will report to Katie Branch, EEF’s Chief Risk Officer. Parauka began his career as an accountant at Deloitte where he obtained his CPA. Since then, he has held several roles of increasing responsibility with a focus on credit and risk. Most recently, he worked at Utica Equipment Finance where he was Director of Credit and Underwriting.