ModernFi

Account Executive

Remote

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, FintechIndustries

Requirements

Candidates should have at least 5 years of experience in sales, relationship management, or partnerships focused on banks and credit unions. A proven ability to cultivate and leverage strong relationships within the bank and credit union ecosystem is essential, along with experience as an account executive or in partnerships in finance, banking, or technology. High emotional intelligence, trustworthiness, and the ability to remain calm under pressure are also required.

Responsibilities

The Account Executive will leverage their network to establish and deepen relationships with banks and credit unions, positioning ModernFi as a trusted partner. They are expected to meet or exceed revenue and booking goals with bank and credit union partners, serve as the primary advocate for these partners, and maintain high-quality, frequent contact to ensure their success and satisfaction. Additionally, they will maintain exceptional organization around client databases, calendars, and CRM utilization, while establishing best practices for engagement and sales.

Skills

Relationship Management
Sales
Networking
Banking
Credit Unions
Partnerships
CRM Utilization
Client Advocacy

ModernFi

Advisory services for funding markets management

About ModernFi

ModernFi focuses on funding markets and asset liability management in the banking sector by allocating funds to FDIC-member banks. It serves institutional clients, providing insights and strategies to help them manage funding needs and optimize balance sheets. Unlike traditional banks, ModernFi does not offer deposits but simplifies complex financial processes through advisory services and educational materials. The company generates revenue through various fees, aiming to add value by helping clients navigate financial market complexities.

Key Metrics

New York City, New YorkHeadquarters
2022Year Founded
$26.9MTotal Funding
SERIES_ACompany Stage
Fintech, Financial ServicesIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Company Equity

Risks

Increased competition from fintech companies may erode ModernFi's market share.
Technical challenges with Q2 integration could affect client satisfaction and adoption.
Regulatory scrutiny may increase compliance costs and operational challenges for ModernFi.

Differentiation

ModernFi offers a fully integrated, API-driven deposit network for financial institutions.
The company provides extended deposit insurance through program institutions, enhancing depositor security.
ModernFi's solutions simplify complex financial instruments for institutional clients, aiding compliance.

Upsides

Integration with Q2's platform enhances ModernFi's digital banking capabilities and client reach.
Partnerships with credit unions expand ModernFi's market presence and deposit network.
Recognition as a top fintech innovator boosts ModernFi's credibility and market appeal.

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