Market Development Manager - New Jersey at Lendbuzz

New Jersey, United States

Lendbuzz Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Automotive, Finance, LendingIndustries

Requirements

Candidates should possess 7+ years of leadership experience in Automotive F&I or Lending, a strong network of dealer contacts, a proven track record of signing, training, and growing dealer partnerships, and the ability to thrive in a fast-paced, high-growth environment. A data-driven mindset with a passion for market analysis and strategy is also required, along with fluency in Spanish & English as a plus.

Responsibilities

As a Market Development Manager, the individual will be responsible for growing the dealer network by leveraging sales expertise and industry relationships, serving as a trusted advisor to dealers, delivering a first-class experience through collaboration, analyzing and strategizing market opportunities, expanding Lendbuzz’s footprint through data-driven insights, recruiting and leading a high-performing sales team, and utilizing approximately 80% travel within the region to drive growth and impact.

Skills

Automotive Finance
F&I
Lending
Sales Leadership
Dealer Network
Market Analysis
Data-Driven Strategy
Dealer Training
Spanish

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.

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