Full-Time

Manager – Business Development Team

Confirmed live in the last 24 hours

Vestwell

Vestwell

201-500 employees

Digital platform for modern retirement plans

Fintech
Financial Services

Compensation Overview

$95k - $120kAnnually

+ Company Bonus Pool + New Hire Equity

Senior

New York, NY, USA

Hybrid schedule; must report to the office.

Category
Business Development
Business & Strategy
Required Skills
Salesforce
Marketing
Requirements
  • 5-7 years of internal sales experience; 2 of which should be managing a team
  • Proficiency in Salesforce, Salesloft, and/or other similar platforms
  • Excellent verbal and written communication skills
  • Highly motivated sales professional with a proven track record of exceeding KPI goals
Responsibilities
  • Lead the Business Development (internal sales) team responsible for prospecting and contact management across advisor channel sales.
  • Manage, coach, and motivate the BD team to exceed sales targets through outbound prospecting, while equipping the team with best practices and sales techniques.
  • Partner with other sales leaders to ensure alignment and impact of new initiatives and collateral to facilitate growth and enhancement of the team.
  • Spearhead engagement with Sales Operations and Marketing to equip the BD team with high-quality lists, targeted data, and aligned content, ensuring effective outbound outreach and new client opportunities.
  • Foster a performance-driven culture by tracking and managing team delivery on KPIs (call quotas, emails, meetings, lead conversions, proposal generation) - providing regular feedback and coaching to ensure goals are consistently surpassed.
  • Conduct regular call reviews to evaluate performance, provide actionable feedback, and refine sales techniques to improve outreach quality and hit KPIs.
  • Act as a primary point of contact for the team, fielding questions and providing guidance on a variety of topics. Direct inquiries to appropriate subject matter experts (SMEs) when necessary, ensuring timely and accurate responses. Collaborate with SMEs to deliver insights and solutions, ensuring seamless communication across departments.

Vestwell modernizes retirement plans for businesses and employees through a digital platform that simplifies plan management. Employers benefit from easy onboarding, vendor oversight, and fiduciary investment management services, while employees enjoy customizable investment options and a user-friendly interface to monitor their plans. Unlike competitors, Vestwell offers a comprehensive suite of services with transparent pricing, covering everything from proposals to compliance. The goal is to leverage technology to make retirement planning more efficient and accessible.

Company Stage

Series D

Total Funding

$231M

Headquarters

New York City, New York

Founded

2016

Growth & Insights
Headcount

6 month growth

13%

1 year growth

33%

2 year growth

69%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $125 million Series D funding round, led by Lightspeed, provides significant capital for expansion and innovation.
  • Vestwell's collaboration with Netchex and Alera Group demonstrates its ability to form strategic partnerships that can drive growth and market penetration.
  • The platform's user-friendly interface and customizable investment options make it attractive to a wide range of clients, from small businesses to large enterprises.

What critics are saying

  • The competitive landscape in fintech and retirement planning is intense, with numerous players vying for market share.
  • Regulatory changes in the financial services industry could impact Vestwell's operations and require costly adjustments.

What makes Vestwell unique

  • Vestwell's focus on modernizing retirement plans through a comprehensive digital platform sets it apart from traditional financial service providers.
  • The company's integrated approach, offering everything from onboarding to compliance under one roof, simplifies the retirement planning process for both employers and employees.
  • Partnerships with companies like Netchex and Alera Group enhance Vestwell's reach and credibility in the market.

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