Full-Time

VP – Business Development

Posted on 9/11/2024

Pathward

Pathward

501-1,000 employees

Financial services promoting inclusion and access

Fintech
Financial Services

Compensation Overview

$145.8k - $240.6kAnnually

+ Annual Performance-Based Incentive

Senior, Expert

United States

Hybrid remote-office company.

Category
Business Development
Business & Strategy
Required Skills
Lead Generation
Marketing
Requirements
  • Bachelor's degree or equivalent education and work experience.
  • Master’s degree preferred.
  • Typically 12+ years related work experience.
  • 10+ years of business development experience
  • 5+ years of high-level success sales leadership.
  • Demonstrated understanding of a variety of Asset Based Lending products including large lending facilities, factoring, and AR only.
  • Experience in a banking environment is a plus.
  • Prefer experience with presenting to C suite buyers.
  • Exceptional relationship management skills and the ability to build and grow connections with a wide network.
  • Able to be adaptable in a fast growth and dynamic environment with the ability to lead teams through change management effectively
  • Adept in sales coaching, mentoring, and development.
Responsibilities
  • Sets performance and business development goals for Pathward’s Direct Lending business and attains goals to drive sustainable net income growth for the division.
  • Drives significant and material new opportunities for Pathward commercial lending capabilities with emphasis on Asset Based Lending, Factoring and AR Facilities.
  • Develops processes to monitor and measure the effectiveness of sales processes within assigned teams in collaboration with Revenue Operations.
  • Works with business development team members to accelerate deal cycles and remove barriers.
  • Develops strategies to cultivate lead generation opportunities.
  • Identifies, evaluates, and conducts follow-up through the business development process to bring deals to completion.
  • Collaborates with members of the CCL leadership team to ensure an excellent client experience across all interactions.
  • Works collaboratively with the Marketing team to develop creative outreach strategies to attract and retain clients.
  • Represents Pathward externally at conferences and payments trade shows to effectively drive business development opportunities to the company.
  • Other duties as assigned.

Pathward promotes financial inclusion for individuals and businesses by offering a variety of financial services. Operating in the fintech sector, it uses technology to enhance financial solutions. Pathward provides services such as Banking as a Service (BaaS), payment processing, credit solutions, tax solutions, and commercial finance options, catering to small and medium-sized businesses and individuals lacking access to traditional banking. Unlike many competitors, Pathward focuses on a purpose-driven approach, helping clients navigate their financial journeys despite economic challenges. The company generates revenue through fees, interest, and service charges from its tailored financial services, including working capital loans and equipment financing. Pathward's goal is to empower clients to achieve financial stability and growth.

Company Stage

IPO

Total Funding

N/A

Headquarters

Sioux Falls, South Dakota

Founded

1954

Simplify Jobs

Simplify's Take

What believers are saying

  • Pathward's partnership with TabaPay enhances its money movement capabilities for faster payments.
  • The launch of Solutions for Financial Institutions reduces reliance on third-party vendors.
  • Pathward's Great Place To Work certification boosts employee retention and attracts top talent.

What critics are saying

  • Increased competition from fintechs like Dash Solutions pressures Pathward to enhance payment solutions.
  • Partnership with Ouro may pose risks if Ouro's strategic direction changes.
  • Expansion into commercial finance may face challenges from established market players.

What makes Pathward unique

  • Pathward offers a comprehensive suite of financial solutions for underserved clients.
  • The company focuses on financial inclusion, targeting unbanked and underbanked populations.
  • Pathward's Banking as a Service (BaaS) model provides tailored solutions for financial institutions.

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