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Full-Time

Regional Sales Manager

Posted on 7/4/2024

Upgrade

Upgrade

1,001-5,000 employees

Provides loans, credit cards, and rewards

Fintech
Consumer Goods

Senior

Kansas City, MO, USA

Must be located in Kansas City, MO for this opportunity.

Category
Field Sales
Strategic Account Management
Sales & Account Management
Required Skills
Sales
Communications
Management
Salesforce
Requirements
  • Minimum of 5-7 years of experience in sales management, preferably in the indirect auto lending or financial services industry
  • Strong leadership and team management skills
  • Excellent communication, negotiation, and interpersonal abilities
  • Proven track record of meeting or exceeding sales targets
  • Ability to analyze market data and develop strategic plans
  • Proficiency in SalesForce and Google
  • Knowledge of auto lending processes and regulations
Responsibilities
  • Develop and implement a regional sales strategy to achieve sales targets and expand market share
  • Analyze market trends and competitor activities to identify opportunities and threats
  • Set sales goals, monitor performance, and adjust strategies as needed to ensure targets are met
  • Recruit, train, and manage a team of sales representatives
  • Provide coaching, mentorship, and performance feedback to the sales team
  • Foster a collaborative and high-performance culture within the team
  • Establish and maintain strong relationships with auto dealerships and other lending partners
  • Conduct regular visits to dealerships (with sales reps and without) to understand their needs, address concerns, and promote company products and services
  • Negotiate and close sales agreements with dealership partners
  • Oversee daily sales operations, ensuring compliance with company policies and regulatory requirements
  • Prepare and deliver regular sales reports, forecasts, and performance analyses to senior management
  • Identify and pursue new business opportunities within the region
  • Ensure a high level of customer satisfaction by addressing client inquiries and resolving issues promptly
  • Work closely with the Credit Team to ensure seamless support for dealership partners

Upgrade offers personal loans, credit cards, and rewards checking accounts to help individuals manage their finances. Their personal loans allow borrowing up to $50,000 with fixed rates and no prepayment penalties, while the Upgrade Card provides cash back rewards on various spending categories. Unlike many competitors, Upgrade focuses on affordability and user-friendly features, making credit more accessible. The company's goal is to promote responsible financial behavior and support long-term financial health for its customers.

Company Stage

Series E

Total Funding

$357.2M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

23%

1 year growth

32%

2 year growth

53%
Simplify Jobs

Simplify's Take

What believers are saying

  • Upgrade's rapid growth and expansion into new markets, such as auto loans and home improvement financing, indicate strong business momentum and opportunities for career advancement.
  • The launch of the Secured OneCard opens up new customer segments, providing a pathway for individuals with little or no credit history to build their credit responsibly.
  • The company's significant investment in new office space in Irvine, California, reflects its commitment to scaling operations and expanding its workforce.

What critics are saying

  • The crowded fintech market means Upgrade must continuously innovate to maintain its competitive edge and customer base.
  • Expansion into new product lines, such as auto loans, carries the risk of operational challenges and potential regulatory scrutiny.

What makes Upgrade unique

  • Upgrade offers a unique combination of personal loans, credit cards, and rewards checking accounts, providing a comprehensive suite of financial products that cater to various consumer needs.
  • Their focus on affordability and flexibility, such as no prepayment penalties on loans and competitive cash back rewards, sets them apart from traditional financial institutions.
  • The partnership with FairPlay to incorporate Fairness-as-a-Service solutions enhances their commitment to fair lending practices, distinguishing them in the fintech space.

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