Full-Time

General Manager

Independent Mortgage Banks, Imbs

Posted on 9/30/2024

Blend

Blend

501-1,000 employees

Streamlines lending process for financial institutions

Fintech
Financial Services

Senior

Remote in USA

Work from home office setup stipend and internet stipend.

Category
Corporate Finance
Finance & Banking
Requirements
  • Bachelor’s degree in business, computer science, or related field (MBA preferred)
  • 10+ years of experience in a senior management role including prior leadership experience as a general manager and/or head of product. Ideally within a publicly traded software or technology company
  • Experience at or familiar with the banking industry, preferably with independent mortgage banks
  • Proven track record of leading a business unit or division to achieve revenue and profitability targets
  • Strong understanding of the software industry, including product development, go-to-market strategies, and customer engagement
  • Demonstrated ability to lead cross-functional teams and manage complex projects in a fast-paced environment
  • Excellent financial acumen with the ability to manage P&L and balance strategic and operational responsibilities
  • Strong communication and interpersonal skills, with the ability to influence and collaborate across all levels of the organization
Responsibilities
  • Develop and implement the business unit’s strategy in alignment with the company’s overall goals. Lead long-term planning, market analysis, and growth initiatives.
  • Drive top-line revenue growth while managing costs to ensure profitability. Set and achieve financial targets, including revenue, margins, and cash flow.
  • Lead, mentor, and develop a high-performing team across sales, marketing, product development, and operations. Foster a culture of collaboration, accountability, and innovation.
  • Provide clear direction to R&D and product teams to guide the development and launch of new products. Ensure alignment with market needs and company strategy.
  • Build strong relationships with key customers and stakeholders. Ensure high levels of customer satisfaction and work to increase customer retention and lifetime value.
  • Oversee day-to-day operations, ensuring smooth and efficient processes. Identify opportunities for operational improvements to drive efficiency and scale.
  • Monitor market trends, industry developments, and competitive landscape. Ensure that risks are identified, managed, and mitigated in line with company policies and procedures.
  • Work closely with corporate leadership to ensure that business unit objectives are aligned with the company’s overall goals. Act as a key liaison between the business unit and other departments (finance, HR, legal, etc.).

Blend streamlines the lending process for financial institutions with its digital platform, which simplifies the journey from loan application to closing. The platform features automated verifications, instant pre-approvals, and seamless electronic closings, helping institutions improve efficiency and reduce costs. Blend stands out from competitors with its modular architecture and no-code configuration tools, allowing for quick adaptation and personalized customer experiences. The company's goal is to enhance the effectiveness of loan processing, ultimately improving customer acquisition and retention for its clients.

Company Stage

IPO

Total Funding

$646.9M

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

0%

1 year growth

1%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital lending boosts Blend's market potential.
  • Partnerships with fintechs like Astra enhance Blend's service offerings.
  • Automated workflows reduce costs and improve efficiency for financial institutions.

What critics are saying

  • Increased competition from emerging fintechs could erode Blend's market share.
  • Recent stock price decline may indicate investor concerns about Blend's future.
  • Volatility in the FinTech IPO Index suggests potential market instability for Blend.

What makes Blend unique

  • Blend's platform processes over $4 billion in loans daily, showcasing its scalability.
  • The company offers a modular architecture, allowing quick adaptation to market changes.
  • Blend's partnerships with major banks enhance its credibility and market reach.

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Benefits

Meaningful equity and a 401(k) plan

Comprehensive health benefits

Wellness benefits covering a variety of wellness activities, gym memberships, fitness classes and more

16 weeks of paid parental leave

Generous vacation policy

Work from home office set up stipend and internet stipend during COVID-19

INACTIVE