Market Development Manager at Lendbuzz

Philadelphia, Pennsylvania, United States

Lendbuzz Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Automotive Finance, LendingIndustries

Requirements

  • 7+ years of leadership experience in Automotive F&I or Lending
  • Strong network of dealer contacts
  • Proven track record of signing, training, and growing dealer partnerships
  • Ability to thrive in a fast-paced, high-growth environment
  • Data-driven mindset with a passion for market analysis and strategy
  • Willingness to travel 80% within the region
  • Fluency in Spanish & English is a plus

Responsibilities

  • Grow the dealer network by leveraging sales expertise and industry relationships to bring new dealerships onboard
  • Act as a trusted advisor by training and supporting dealers on maximizing profitability through Lendbuzz’s financing solutions
  • Deliver a first-class experience by collaborating with underwriting and inside sales teams to ensure smooth transactions and top-tier service
  • Analyze and strategize by staying ahead of industry trends, pinpointing growth opportunities, and refining the market approach
  • Expand the footprint using data-driven insights to determine market share potential and build the right field sales team
  • Recruit and lead by partnering with the Sales Recruiting Team to hire, train, and mentor top-tier talent

Skills

Key technologies and capabilities for this role

Automotive F&ILendingSales LeadershipDealer NetworkMarket AnalysisData-Driven StrategyDealer TrainingRecruitingPartnership BuildingMarket Expansion

Questions & Answers

Common questions about this position

What is the salary range for the Market Development Manager position?

The salary range is $75,000 - $250,000 a year, with competitive base salary, uncapped monthly commission, and a lucrative bonus structure offering unlimited earning potential.

Is this role remote or does it require travel?

The role requires 80% travel within the Pennsylvania region, emphasizing that success happens in the field rather than behind a desk, with a monthly travel stipend provided.

What qualifications and skills are required for this position?

Candidates need 7+ years of leadership experience in Automotive F&I or Lending, a strong network of dealer contacts, proven track record of signing and growing dealer partnerships, ability to thrive in a fast-paced environment, data-driven mindset, with Spanish fluency as a plus.

What is the company culture like at Lendbuzz?

Lendbuzz values innovation and diversity, is committed to driving success in the automotive industry, and fosters a fast-paced, high-growth environment as a rapidly growing sales team with recent achievements like Forbes recognition and revenue growth.

What makes a strong candidate for this Market Development Manager role?

A strong candidate is a dynamic sales leader with deep roots in Automotive Finance, an extensive network of dealer contacts, 7+ years of leadership experience, and the ability to build partnerships and lead teams in a high-growth setting.

Lendbuzz

Provides auto loans for international students

About Lendbuzz

Lendbuzz provides auto loans specifically designed for international students and professionals in the United States who may struggle to secure financing through traditional lenders. The company uses advanced data analytics and machine learning to evaluate the creditworthiness of borrowers, focusing on a wider range of financial and personal data rather than just credit scores. This approach allows Lendbuzz to cater to a niche market that is often overlooked by conventional financial institutions. Borrowers can apply for loans online, verify their information easily, and sign documents digitally, making the process user-friendly. Lendbuzz earns revenue by charging interest on loans and may also receive fees from car dealerships for facilitating the loan process. The goal of Lendbuzz is to make auto financing more accessible to those who typically face challenges in obtaining loans.

Boston, MassachusettsHeadquarters
2015Year Founded
$246.1MTotal Funding
LENDING_CAPITALCompany Stage
Automotive & Transportation, FintechIndustries
201-500Employees

Benefits

Dental & health insurance
401(k)
Company outings
Fitness center
Unlimited PTO
Stocked kitchen
Company issued hardware
Cool swag
Flexible working hours

Risks

Increased competition from similar fintech companies could erode Lendbuzz's market share.
Potential regulatory scrutiny on AI models may increase compliance costs.
Economic downturns could impact demand for auto loans, affecting Lendbuzz's revenue.

Differentiation

Lendbuzz uses AI to assess creditworthiness beyond traditional credit scores.
The company targets international students and immigrants, a niche underserved by traditional lenders.
Lendbuzz partners with auto dealerships to offer seamless financing solutions.

Upsides

Lendbuzz secured $100M from Japan's largest bank, enhancing its financial stability.
The U.S. auto loan market growth benefits Lendbuzz's specialized services.
Increased adoption of digital lending aligns with Lendbuzz's user-friendly application process.

Land your dream remote job 3x faster with AI