Full-Time

Director of Purchase Finance Business Development

Purchase Finance

Posted on 5/9/2026

LendingClub

LendingClub

1,001-5,000 employees

Online P2P lender matching borrowers, investors

Compensation Overview

$178k - $210k/yr

+ Equity + Bonus

San Francisco, CA, USA + 1 more

More locations: Lehi, UT, USA

Hybrid

Hybrid role with in-office Tue–Thu required; remote placement not offered; must be willing to travel nationally.

Category
Business & Strategy (1)
Required Skills
Forecasting
Data Analysis
Requirements
  • 10+ years of B2B sales experience in inside or outside sales environments
  • 5+ years of national account sales experience
  • 5+ years of sales management and team leadership experience
  • Demonstrated success driving organic growth and new enterprise acquisition
  • Strong strategic thinking and analytical capability with a growth mindset
  • Proven ability to influence cross-functional stakeholders and senior leadership
  • Excellent negotiation, presentation, and executive communication skills
  • Ability to build trusted relationships at all levels of an organization
  • Experience in financial services, particularly consumer or retail lending, strongly preferred
  • Ability to travel nationally 30–40%, including overnight travel and occasional weekends
  • Bachelor’s degree in a related field; or equivalent work experience
  • Strong fluency with AI tools, shaping how they’re applied across teams to drive better outcomes, improve decision-making, and enable consistent, responsible use
  • Work Location Remote with regular national travel; proximity to San Francisco, CA or Lehi, UT office locations preferred
Responsibilities
  • Drive revenue growth and diversification across Purchase Finance verticals through enterprise partnerships, aggregators, and platform distribution
  • Identify and activate new scalable vertical markets and growth opportunities that expand LendingClub’s presence nationally
  • Monitor performance across key growth channels and adjust strategy to optimize acquisition, utilization, and partner performance
  • Develop and execute national growth strategies for aggregator and platform-based distribution partnerships
  • Own and expand enterprise partnerships, driving both organic growth within existing accounts and new enterprise acquisition
  • Build and scale durable partnership ecosystems that enable national reach and long-term revenue growth
  • Partner with Credit, Legal, and Compliance to ensure new verticals and partnerships align with underwriting frameworks and regulatory requirements
  • Partner with Product and Operations to ensure platforms, onboarding, and servicing capabilities support vertical expansion and partner growth
  • Work with Marketing and Finance to activate vertical campaigns, develop business cases, forecast growth, and track ROI
  • Lead and develop a team of National Account and Business Development Managers
  • Build alignment across cross-functional teams to ensure growth initiatives deliver measurable business impact
  • Maintain executive visibility into growth initiatives, performance, and key insights
Desired Qualifications
  • Experience in financial services, particularly consumer or retail lending, strongly preferred

LendingClub operates an online lending platform that connects borrowers with individual investors in a peer-to-peer market, funding personal loans, small business loans, and auto refinancing. Borrowers apply on the platform and are evaluated based on credit history and financial factors; approved loans are funded when investors purchase notes that represent parts of the loan. The company earns origination fees from borrowers and service fees from investors, deriving revenue from both loan initiation and ongoing servicing. The goal is to provide accessible credit and investor opportunities through a scalable marketplace that pairs funding needs with capital.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2006

Simplify Jobs

Simplify's Take

What believers are saying

  • Q1 2026 delivered $2.7B originations, 31% YoY growth, $67M pre-tax profit.
  • Wisetack partnership accesses 40,000 contractors for home improvement loans.
  • Analysts forecast $1.3B revenue and $269M earnings by 2028.

What critics are saying

  • Pagaya erodes personal loan share with AI underwriting in 12-24 months.
  • Upstart captures prime borrowers from DTC channel within 6-12 months.
  • Charge-offs normalize to 5%, eroding 60.4% margins in 6-12 months.

What makes LendingClub unique

  • LendingClub pioneered P2P lending with SEC-registered notes since 2007.
  • LCX platform offers API access, dynamic pricing, and same-day loan settlements.
  • Happen Bank rebrand leverages 40% superior underwriting vs peers over five years.

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Your Connections

People at LendingClub who can refer or advise you

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Hybrid Work Options

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
Yahoo Finance
Mar 23rd, 2026
LendingClub shares jump 5.9% on 4.15% CD rate and easing US–Iran tensions

LendingClub shares rose 5.9% this week after the digital lender launched a competitive 8-month certificate of deposit offering 4.15% APY, whilst broader financial stocks gained on reports of easing US-Iran tensions. The company's hybrid digital bank and marketplace model projects $1.3 billion in revenue and $269.5 million in earnings by 2028, requiring earnings growth of approximately $195.5 million from current levels of $74 million. Some analysts estimate fair value at $24.20, representing 65% upside from current prices. Whilst the headline-grabbing CD rate could help attract depositors and support balance sheet growth, the company remains exposed to risks around competition in personal loans and potential credit normalisation in its unsecured lending portfolio.

Bloom Credit
Mar 19th, 2026
Bloom Credit wins "Banking Infrastructure Software of the Year" Award.

Bloom Credit wins "Banking Infrastructure Software of the Year" Award. Bloom Credit Inc. is proud to announce today that Bloom Credit was named the winner of the "Banking Infrastructure Software of the Year" award as part of the 2026 FinTech Breakthrough Awards program. This annual awards program highlights companies making significant progress in financial services through technology. This year's program received over 4,500 nominations from around the globe, recognizing solutions that are reshaping everything from digital banking to lending and payments. Bloom Credit was selected for its role in building the infrastructure that powers modern credit data experiences. Through its platform, including the Bloom+ API, Bloom Credit Inc. provide scalable, API-driven systems that allow financial institutions to integrate credit-building and reporting directly into their existing products and workflows. "Winning Banking Infrastructure Software of the Year is a strong validation of the work we're doing to modernize credit data," said Christian Widhalm, CEO of Bloom Credit. "We've focused on building infrastructure that helps financial institutions move faster and deliver better outcomes for consumers, and it's exciting to see that work recognized at this level." At Bloom Credit, its mission has always been to simplify access to credit data and help financial institutions deliver more impactful, consumer-first products. This win underscores the importance of modern, flexible infrastructure in enabling banks, credit unions, and fintechs to better serve their customers while navigating an increasingly complex data landscape. Bloom Credit Inc. is honored to be recognized alongside companies like Mastercard, Fiserv, Capital One, and LendingClub as part of this year's FinTech Breakthrough Awards, and to be included among a broader group of organizations shaping the future of financial services. As the industry continues to invest in digital transformation, the underlying credit data layer remains a critical area for innovation. By modernizing how payment data is permissioned, furnished, and reported, Bloom is helping institutions unlock new capabilities while maintaining control of the customer experience. Bloom Credit Inc. is grateful to its clients and partners who trust Bloom Credit Inc. to be part of their stack, and Bloom Credit Inc. is excited to continue building solutions that support the next generation of financial services. Stay tuned, Bloom Credit Inc. can't wait to share what comes next! March 19, 2026

Yahoo Finance
Feb 27th, 2026
US wholesale inflation rises 0.5% in January, triggering sell-off in financial stocks

US stocks fell after January's Producer Price Index showed wholesale inflation rose 0.5%, significantly above the 0.3% consensus forecast. Year-over-year, the index increased 2.9%. The unexpectedly high reading suggests persistent inflationary pressures and has dampened investor optimism for near-term Federal Reserve interest rate cuts. The central bank is less likely to lower borrowing costs whilst inflation remains elevated. Financial services stocks were particularly impacted. Jefferies fell 10.4%, Interactive Brokers dropped 6.1%, and Evercore declined 6.5%. LendingClub tumbled 11.1%, whilst PROG fell 5.7%. The shift in expectations for monetary policy triggered a broad market sell-off as traders adjusted to the possibility of interest rates remaining higher for longer.

Yahoo Finance
Feb 26th, 2026
LendingClub beats Pagaya as better fintech bet despite rival's AI-driven loan model

Pagaya Technologies, an AI-powered fintech platform, reached profitability in 2025, posting net income of $81.4 million compared with a $401.4 million loss in 2024. Revenue grew 26.1% year over year, whilst adjusted EBITDA rose 76.3%. The company's capital-light model connects banks and fintech firms through its AI network, spreading risk across personal loans, auto loans and point-of-sale financing. However, Pagaya's management guidance signals slower near-term expansion due to tighter underwriting standards. Despite improving fundamentals, analysts favour LendingClub over Pagaya, citing LC's hybrid bank-backed lending model, which delivers steadier earnings and stronger cash flow visibility at a lower valuation. LendingClub reported 33% growth in loan originations and 23% revenue growth in 2025.

Ohio Statewide Development Corporation
Feb 18th, 2026
Borrower Spotlight: Nayosha Hospitality and the Quality Inn - Streetsboro

Borrower spotlight: Nayosha Hospitality and the Quality Inn - Streetsboro. | borrower spotlight: Nayosha Hospitality and the Quality Inn - Streetsboro | / |. Published February 18, 2026 Ownership transitions can open the door to new growth when structured strategically. Nayosha Hospitality LLC provides a strong example of how the right financing solution can support long-term stability and operational efficiency. About Nayosha Hospitality. Nayosha Hospitality LLC owns and operates the Quality Inn in Streetsboro, Ohio, located in Portage County. The 8,000 square foot hotel sits on two acres and includes 54 rooms. Originally acquired by three partners in September 2021, the ownership group later executed a purchase agreement allowing one owner to acquire 100 percent ownership. The hotel was fully renovated in 2017, with additional repairs and improvements completed in 2022 under current ownership. Today, the property is in like-new condition and benefits from strong regional demand. Demand generators include: * Kent State University * Blossom Music Center * Akron-Canton Airport * Cleveland Hopkins International Airport * Aurora Outlets Supporting a partner buyout with SBA 504 financing. OSDC partnered with LendingClub Bank to secure an SBA 504 loan that enabled the partner buyout and transition to full ownership. This financing structure allowed the business to: * Complete a smooth ownership transition * Increase operational efficiency * Retain all existing jobs * Create two new jobs By supporting the ownership transition, the SBA 504 structure helped position Nayosha Hospitality for continued growth in a competitive hospitality market. Strengthening local business through strategic financing. Partner buyouts require careful structuring to protect business stability. This project demonstrates how collaboration between borrower, lender, and OSDC can help facilitate smooth transitions while preserving jobs and strengthening the local economy. Ohio Statewide Development Corporation is proud to have partnered with LendingClub Bank and Nayosha Hospitality to support this next chapter of growth.