Buyer, Perpay Marketplace at Perpay

Philadelphia, Pennsylvania, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Retail, E-commerceIndustries

Requirements

Bachelor’s degree in business administration, marketing, or a related field
2+ years experience in buying, merchandising, and/or business development in the retail industry

Responsibilities

Execute an assortment and pricing strategy that will enable the Perpay marketplace to achieve annual growth and total cost of ownership targets, while maintaining overall profitability
Support growth of marketplace through: assortment expansion and whitespace identification; new vendor prospecting and new vendor onboarding; development of industry and category knowledge
Lead negotiations with vendors on item costs, availability, terms and vendor programs
Collaborate with internal teams including marketing, product management, and finance, to ensure seamless integration of new vendors and products into the marketplace
Be the face of our organization and build brand awareness/attraction through proactive reach outs, trade shows, conferences, and more
Build trust quickly and lead by influence with the ability to translate between commercial and operational audiences

Skills

Key technologies and capabilities for this role

BuyingMerchandisingBusiness DevelopmentVendor NegotiationAssortment PlanningPricing StrategyVendor OnboardingRetail Industry Knowledge

Questions & Answers

Common questions about this position

Is this position remote or onsite?

This is an onsite position located in Center City, Philadelphia.

What is the salary for the Buyer position?

This information is not specified in the job description.

What experience and education are required for this role?

A Bachelor’s degree in business administration, marketing, or a related field is required, along with 2+ years of experience in buying, merchandising, and/or business development in the retail industry.

What is the work environment like at Perpay?

Perpay offers a collaborative work environment that unites the team and feels like a home away from home.

What makes a strong candidate for the Perpay Marketplace Buyer role?

Strong candidates will have a Bachelor’s degree in a relevant field and 2+ years in retail buying, merchandising, or business development, with skills in vendor negotiations, assortment strategy, and cross-team collaboration.

Perpay

Facilitates interest-free paycheck deduction payments

About Perpay

Perpay helps consumers make shopping more accessible and affordable by allowing them to purchase products through interest-free payments that are deducted directly from their paychecks. Users start by answering a few questions to determine their spending limit, which can range from $500 to $2,500. Once approved, they can shop immediately, with payments spread over a series of typically eight installments. This model is particularly useful for individuals who may not have access to traditional credit or who want to avoid high-interest rates. What sets Perpay apart from its competitors is its focus on interest-free payments and the simplicity of having payments deducted directly from paychecks, making the repayment process easier for users. The company's goal is to provide a hassle-free shopping experience that allows consumers to make significant purchases without incurring debt or interest.

Philadelphia, PennsylvaniaHeadquarters

2016Year Founded

$2.4MTotal Funding

ANGELCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Competitive salary + company equity

401k with company match

Medical / Dental / Vision insurance

Pre-tax Public Transportation benefit

Relocation assistance

Student loan company match

Gym subsidy with City Fitness

Cell phone plan

Paid parental leave

Unlimited PTO

Optional work from home (WFH) up to 4 weeks per year

Risks

Increased competition from fintech startups may erode Perpay's market share.

Regulatory scrutiny on income-based limits could raise compliance costs for Perpay.

Economic downturns may affect users' repayment ability, impacting Perpay's financial stability.

Differentiation

Perpay offers interest-free payments deducted directly from paychecks, simplifying user experience.

The company targets consumers avoiding traditional credit, providing a unique market position.

Perpay's model supports significant credit score increases, enhancing user financial health.

Upsides

Rising demand for flexible payment options boosts Perpay's interest-free installment model.

AI integration can refine Perpay's spending limit assessments, improving user experience.

Embedded finance trends offer Perpay expansion opportunities through e-commerce partnerships.

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