Account Development Representative at Lendio

Long Island City, New York, United States

Lendio Logo
Not SpecifiedCompensation
Entry Level & New GradExperience Level
Full TimeJob Type
UnknownVisa
FinTech, Financial ServicesIndustries

Requirements

  • Exceptional written and oral communication skills
  • Strong work ethic with eagerness to learn and make new connections with prospects
  • Problem-solving skills and ability to collaborate in a competitive environment
  • Strong phone contact handling skills and active listening abilities
  • Customer orientation with ability to adapt and respond to different types of characters
  • Ability to multitask, prioritize, and manage time effectively
  • Proficiency in collecting customer information and answering customer questions

Responsibilities

  • Execute outreach strategies for new lead generation methods
  • Support senior sales teams and sales representatives on outbound strategies and lead generation efforts
  • Monitor and attend meetings with prospects, handling introductions and follow-up with sales representatives
  • Serve as the first point of contact for new business prospects, determining next steps for each prospect
  • Collaborate with sales teams by bringing innovative lead generation ideas to weekly meetings
  • Maintain customer records by updating account information
  • Identify customer needs and take proactive steps to maintain positive experiences
  • Respond to customer queries in a timely and effective manner
  • Work with Sales and Operations on processes and procedures
  • Respond to all business owners in a timely manner
  • Provide accurate, valid, and complete information
  • Keep records of customer interactions, process customer accounts, and file documents

Skills

Key technologies and capabilities for this role

CommunicationPhone HandlingActive ListeningProblem SolvingMultitaskingPrioritizationLead GenerationOutbound SalesProspectingCRM Management

Questions & Answers

Common questions about this position

What is the salary for the Account Development Representative position?

The salary is $20/hr + OTE (On-Target Earnings).

What benefits does Lendio offer?

Benefits include competitive pay, full suite of traditional benefits, PTO (Paid Time-off), and 401(k).

Is this role remote or does it require office work?

This information is not specified in the job description.

What skills are required for this Account Development Representative role?

Required skills include exceptional written and oral communication, strong work ethic with eagerness to learn, problem-solving abilities, strong phone contact handling and active listening, customer orientation, and multitasking with effective time management.

What is the company culture like at Lendio?

The role involves joining a small-scale optimization team, collaborating with sales and operations teams in a competitive environment, and contributing innovative ideas in weekly meetings, within a company mission to help small businesses survive and thrive.

Lendio

Marketplace connecting small businesses with lenders

About Lendio

Lendio helps small businesses in the United States secure loans by acting as a marketplace that connects them with various lenders, including banks and credit unions. Business owners can fill out a single online application to access multiple loan options, such as SBA loans, term loans, and lines of credit, which saves time and increases their chances of finding suitable funding. Lendio earns money through referral fees paid by lenders when a loan is successfully funded, aligning their interests with those of their clients. By simplifying the loan application process and providing educational resources, Lendio aims to support small businesses in obtaining the financing they need for growth and sustainability.

Lehi, UtahHeadquarters
2011Year Founded
$78.8MTotal Funding
SERIES_ECompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Risks

Increased competition from AI-powered lending platforms threatens Lendio's market share.
Pressure to streamline application processes may increase operational costs.
High interest rates from online lenders could deter small businesses from Lendio.

Differentiation

Lendio offers a single application for multiple loan options, saving time.
Their platform connects small businesses with a wide range of lenders.
Lendio's revenue model aligns with client success, earning through referral fees.

Upsides

Growing demand for digital lending platforms boosts Lendio's market potential.
Expansion opportunities in top-ranked business states like Florida and Texas.
Potential to capture market share from traditional banks struggling with small loans.

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