Full-Time

Dealer Relationship Manager

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Junior, Mid

Pearl, MS, USA + 3 more

More locations: Jackson, MS, USA | Flowood, MS, USA | Ridgeland, MS, USA

Category
Field Sales
Sales & Account Management
Required Skills
Sales
Marketing
Requirements
  • Bachelor’s degree, or equivalent education and related training
  • 3 years of experience in industry-related territory relationship management
  • Excellent marketing and communication skills
  • Excellent problem-solving skills and analytical abilities
  • Excellent interpersonal skills to maintain strong relationships with dealers and teammates
  • Strong sales, negotiation, and persuasive skills
  • Ability to work independently during times of limited supervision and demonstrate ownership and accountability for their territory
  • Demonstrate proficiency in basic computer applications such as Microsoft Office software products
  • Ability to travel, occasionally overnight
  • Reliable and professional personal transportation to perform designated duties
Responsibilities
  • Build and maintain strong dealer relationships by presenting the company’s value promise to all dealership personnel inclusive of Finance Directors, Sales managers, General Managers, Controllers, and Dealer Principals.
  • Exceed monthly and quarterly volume, quality, and efficiency objectives set by management.
  • Be well versed in DRS natural fit IRM partners and deliver Truist solutions to dealer clients as defined by annual objectives.
  • Responsible for making quality sales calls to existing dealer clients averaging a minimum of 100 face-to-face dealer visits per month.
  • Utilize salesforce.com to document dealer visits and provide documentation of specific dealer issues.
  • Act as a “Trusted Advisor” to dealer management by being aware of up-to-date industry trends by reading trade journals and publications and keeping up with local developments.
  • Be the first line of defense and protect the bank against industry risk such as reputational risk.
  • Maintain assigned Key Performance Indicators (KPI).
  • Comply with Truist policies with regard to expenses, corporate code of ethics, compliance, and corporate communication.
  • Conduct investigations when needed with regard to dealer issues, fraud accounts, straw purchases, and unperfected liens.
  • Other critical tasks and duties assigned.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, aiming to reduce overhead costs for RIAs. The company's goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and market reach.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from Betterment and Wealthfront could erode Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources if not managed well.
  • Integration with third-party providers may lead to data security vulnerabilities.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and automated rebalancing.
  • Altruist provides original content, offering actionable insights for independent financial advisors.

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