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Full-Time

Business Development Representative

Posted on 6/20/2024

Meridian Link

Meridian Link

501-1,000 employees

Cloud-based software solutions for financial institutions

Data & Analytics
Consulting
Fintech
Financial Services

Compensation Overview

$45k - $55kAnnually

+ Commission + Equity-based Awards

Mid

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Sales
Communications
Salesforce
Requirements
  • Bachelor’s Degree or experience equivalent
  • 2-4 years’ experience as a business development representative, sales account executive, or similar role in software or technology industry
  • Strong verbal and written communication skills
  • Strong phone skills, including gaining rapport and overcoming objections
  • Ability to thrive in a fast-paced environment
  • Organization and time management skills
  • Resilience and determination
  • Desire to learn and grow in FinTech
  • High workplace efficiency
  • Skilled presenter and communicator
  • Self-motivated and driven by success, strong work ethic
Responsibilities
  • Prospect, educate, qualify, and develop contacts to create sales-ready leads and opportunities
  • Research accounts, identify key roles, and generate interest through cold discovery calls and email campaigns
  • Create relationships with potential customers to identify their potential needs and qualify their interests and viability
  • Present product information to customers once needs are identified
  • Set up meetings between prospective clients and Account Executives
  • Work closely with the sales team to drive continuous improvement in lead quality, conversion rates, and pipeline generation
  • Consistently achieve qualified opportunity quotas to ensure territory revenue objectives
  • Meet and exceed daily metrics involving calls, emails, and social interactions
  • Use and maintain tech stack including Salesforce.com, Outreach, LinkedIn Sales Navigator, and Zoominfo

MeridianLink provides cloud-based software solutions tailored for financial institutions, including banks and credit unions. Their main products include loan origination systems that assist in managing the loan process from application to approval, and automated decisioning engines that utilize data for quick lending decisions. They also offer tools for data reporting and business intelligence to help clients enhance their performance. Unlike many competitors, MeridianLink operates on a subscription-based model, allowing clients to access their services for a recurring fee, which supports continuous updates and improvements. The company's goal is to improve digital banking experiences by streamlining operations and enhancing customer service for their clients.

Company Stage

IPO

Total Funding

$616.7M

Headquarters

Costa Mesa, California

Founded

1998

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Simplify's Take

What believers are saying

  • MeridianLink's partnerships with numerous credit unions and financial institutions demonstrate its strong market presence and customer trust.
  • The company's advanced decisioning capabilities and configurable point-of-sale solutions enhance client operations, leading to improved customer experiences and operational efficiency.
  • Winning multiple industry awards underscores MeridianLink's innovative edge and potential for continued growth.

What critics are saying

  • The recent CFO transition could lead to strategic and operational uncertainties, impacting company stability.
  • The competitive FinTech landscape requires MeridianLink to continuously innovate to maintain its market position.

What makes Meridian Link unique

  • MeridianLink's comprehensive suite of SaaS products, including loan origination systems and automated decisioning engines, sets it apart by offering end-to-end solutions for financial institutions.
  • Their subscription-based model ensures a steady revenue stream, allowing for continuous updates and improvements, unlike competitors with less predictable income.
  • Recognition in prestigious awards like the American Business Awards and HousingWire Tech100 highlights their commitment to innovation and industry leadership.
INACTIVE