VP, Business Development

Join TriumphPay!

At TriumphPay, a member of the Triumph Financial portfolio of brands, we believe our team members make a difference. They make a difference in the lives of their customers, their communities and with our organization as a whole. That's why we look for team members with an entrepreneurial spirit and a passion to build successful partnerships with our clients. Because at the end of the day our goal is to help our partners businesses run better.

Position Summary: The Business Development Officer (BDO) represents TriumphPay in the local and regional markets in which they are located.  The BDO’s primary responsibility is sourcing new business through referral relationships that they establish via their own efforts.  The secondary responsibility is client retention and ensuring that competitors are identified and defeated. The BDO is expected to demonstrate the highest level of sales and professional abilities to ensure accuracy and precision of the sales and client retention process.  BDOs earn commission based on the revenue generated by the accounts they fund.

Essential Duties & Responsibilities

• Responsible for selling technical products to prospective Triumph brokerage customers.

• Responsible for maintaining a relationship with clients to ensure their retention during competitive pressures and during contract renewal period.

• Responsible for pricing new business to meet yield targets as well as pricing existing clients for growth, retention and to combat competitive pressures.

• Performs independent sales process:

• Makes direct contact with prospective customers to determine factoring needs;

• Conducts initial due diligence on prospective customers; and

• Initiates finalization process of deal with customers.

• Makes direct contact with prospective customers via leads generated through the BDO’s referral sources and from customer inquiries that come to TriumphPay from time to time, which are forwarded to the BDO for pursuit.

• Continually searches for new referral sources (both paid and not paid) to further expand TriumphPay's referral network. Said referral sources are required to be loaded into the CRM.

• Continually scans sales market and competitors in the market area. Ensures uniformity of message across the product line, but also suggests new approaches when market conditions change or when competitors use new tactics.

• Uses customer relationship management (CRM) technology to maintain database of customer contacts and referral sources along with appropriate notes and data.

• Generates and provides various sales reports to management.

• Performs other duties as assigned.

Experience & Education

The successful candidate will possess business operations experience and skills, leadership and management expertise, analytical and critical thinking skills, attention to detail.  Additionally, the ideal candidate should possess the following:

• Bachelor's Degree in Business is preferred.

• 5 years of direct, outside sales experience required, factoring sales preferred.

• Formal sales training completion preferred.

• Evidence of previous sales success and strong work ethic.

• Possesses competence and understanding of financial products and services.

Skills & Abilities Required

• Must have the desire and abilities to cover an extensive territory and travel within that territory.

• High level of verbal communication skills and abilities.

• Ability to understand, manage and communicate complex financial products.

• Team player with a strong work ethic.

• Demonstrates considerable tact, diplomacy, discretion, and judgment. 

• Bilingual - Spanish/English – a plus, but not required.

• Ability to build/maintain effective interpersonal relationships.

• High level of maturity and stability with an "optimistic" approach.

• Self-directed and a self-starter with an entrepreneurial approach and hands-on experience with ability to plan and manage personal sales goals and objectives.

• Excellent organizational skills with ability to manage and coordinate multiple tasks simultaneously.

Work Environment

The work environment characteristics described here maybe encountered while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Moderate noise (i.e., business office with computers, phone, and printers, light traffic).

• Ability to work in a confined ar