Full-Time

Director – Partnerships

Posted on 12/30/2024

Octane

Octane

201-500 employees

Instant financing for lifestyle purchases

Fintech
Financial Services

Compensation Overview

$175k - $190kAnnually

+ Stock Option Package

Senior, Expert

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Salesforce
Data Analysis
Requirements
  • Bachelor’s degree in Business, Marketing, or a related field
  • Minimum 7-10 years of experience in partnership management, business development, or a related role
  • Experience in powersports, outdoor power equipment, or golf car industries strongly preferred
  • Strategic thinker with strong analytical and problem solving skills
  • Strong presentation skills with the ability to effectively communicate to senior executives
  • Excellent cross-functional collaboration skills
  • GSuite, Microsoft Office Suite, Salesforce
Responsibilities
  • Develop and implement strategic plans to enhance existing OEM partnerships and pursue new business opportunities with potential OEM partners.
  • Manage and maintain strong, long term relationships with key OEM partners acting as the primary point of contact for all OEM related matters.
  • Negotiate and manage contracts and agreements with OEM partners.
  • Facilitate communication with sales, marketing, product, engineering and other departments to ensure cohesive execution of projects milestones and deliverables.
  • Monitor the performance of OEM relationships, analyze data and generate reports to track progress, provide insights and recommendations based on performance metrics.
  • Ability to communicate complex information clearly and persuasively to various internal and external audiences.
  • Collaborate cross-functionally with product and engineering to evolve product with partner and business needs in mind.

Octane provides instant financing solutions for lifestyle purchases, specifically targeting items like motorcycles, ATVs, and mowers. Their service allows customers to receive quick credit decisions, making the buying process smoother whether shopping online or in-store. Octane stands out by offering personalized financing options that involve a soft credit pull, meaning customers can check their rates without affecting their credit scores. This approach caters to a wide range of clients, including prime borrowers, credit builders, and first-time buyers. The company's goal is to simplify the financing process, making it more accessible and inclusive for everyone.

Company Stage

Debt Financing

Total Funding

$190.6M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

3%

1 year growth

5%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Octane's partnership with CFMOTO expands its reach in the powersports financing market.
  • The company has issued over $4 billion in asset-backed securities since 2019.
  • Octane's Dealer Portal 2.0 enhances dealer and customer financing experiences.

What critics are saying

  • Increased competition from fintech companies may erode Octane's market share.
  • Rising interest rates could reduce demand for Octane's financing products.
  • Dependence on OEM and dealer partnerships poses a risk to business operations.

What makes Octane unique

  • Octane offers a seamless end-to-end digital buying experience for recreational purchases.
  • The company uses soft credit pull technology for personalized financing without affecting credit scores.
  • Octane partners with over 35 OEMs and 4000 dealers, enhancing its market reach.

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