At a Glance
- Tasks: Build strong client relationships and drive business growth in invoice finance.
- Company: Fast-growing commercial lender with a focus on client nurturing.
- Benefits: Competitive salary, generous holiday, pension scheme, and private medical insurance.
- Other info: Opportunity to work closely with industry experts and expand your professional network.
- Why this job: Join a dynamic team and make a real impact in the finance industry.
- Qualifications: 5+ years in Invoice Finance and 3+ years in sales required.
The predicted salary is between 50000 - 75000 £ per year.
Vargo is recruiting for a fast-growth, commercial lender. Our client is well-established in the UK and has developed an expertise across various industry sectors. With a real ethos to nurture clients and offer a comprehensive invoice discounting solution, our client is winning significant market share from the traditional banks and factoring providers. If you’re an experienced banker or commercial sales professional from a broker or lender, I'm keen on discussing this role. As a BDM, you will be reporting directly to one of the industry experts in the invoice discounting space. You will have a warm hand-over and access to a strong network of local brokers to get yourself established. The role will cover the Southwest area but will work closely with other regional BDMs across invoice discounting, asset finance, debt and vehicle finance.
Responsibilities:
- Cultivate strong client relationships to enhance retention and ensure contract renewals.
- Assist Relationship Executives to optimize funding availability.
- Manage risk and recovery, conducting regular client reviews, visits, and audits.
- Contribute to Monthly Portfolio review meetings and risk discussions.
- Make funding decisions for clients, including setting invoice funding and credit limits.
- Lead onboarding for new clients, liaising with Sales.
- Support new business growth through effective communication and deal structuring.
- Handle customer matters in line with company values.
Requirements:
- Minimum 5 years experience in Invoice Finance or a related field.
- Minimum 3 years sales experience in Financial Service.
- Proficient in analytical and reporting tasks.
- Must hold a valid UK driving license.
Benefits:
- Pension scheme
- 26 days holiday plus bank holidays
- Group bonus scheme
- Private medical insurance
- Healthcare cashback plan
Business Development manager employer: Vargo Group
Vargo Group is an exceptional employer in North Wales, offering a dynamic work culture that fosters collaboration and innovation. Employees benefit from comprehensive training and development opportunities, ensuring personal and professional growth while contributing to meaningful projects that support local businesses. With a strong emphasis on work-life balance and community engagement, Vargo Group stands out as a rewarding place to build a career in investment management.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development manager
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at local events. The more people you know in the invoice finance space, the better your chances of landing that Business Development Manager role.
✨Tip Number 2
Showcase your expertise! Prepare to discuss your experience in invoice finance and sales during interviews. Bring examples of how you've cultivated client relationships and contributed to business growth – this will set you apart from the competition.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out directly to companies you admire, like Vargo, and express your interest in potential opportunities. A little initiative can go a long way!
✨Tip Number 4
Apply through our website! We make it easy for you to find and apply for roles that match your skills. Plus, it shows you're serious about joining our team and helps us get to know you better.
We think you need these skills to ace Business Development manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Business Development Manager role. Highlight your experience in invoice finance and sales, and don’t forget to showcase any relevant achievements that align with the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you’re the perfect fit for this role. Mention specific experiences that demonstrate your ability to cultivate client relationships and manage risk effectively.
Showcase Your Analytical Skills:Since the role requires proficiency in analytical tasks, make sure to include examples of how you've used data to drive decisions in your previous roles. This will show us you can handle the reporting tasks we need.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Vargo Group
✨Know Your Numbers
As a Business Development Manager, you'll need to demonstrate your understanding of financial metrics. Brush up on key performance indicators related to invoice finance and be ready to discuss how you've used data to drive sales in your previous roles.
✨Showcase Relationship Building Skills
This role is all about cultivating strong client relationships. Prepare examples of how you've successfully built and maintained client connections in the past. Think about specific strategies you used to enhance retention and ensure contract renewals.
✨Understand the Market Landscape
Familiarise yourself with the current trends in the invoice finance sector and how your potential employer stands out from traditional banks. Being able to discuss competitors and market share will show that you're not just knowledgeable but also genuinely interested in the industry.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your decision-making skills. Think through potential client situations you might encounter and how you would handle them, especially regarding risk management and funding decisions.
