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VCS Market Development Lead - job 1 of 2

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

The role is a combination of a sales & product solutioning function and will require the individual to on board more clients onto Visa Commercial Solutions (Small Business, Middle Market and Large Clients). The individual will drive market development activities to drive expansion of Visa Commercial Solutions, new partners and new revenue pools and win new accounts through building stronger relationships with existing and new partners.

In order to operate successfully, the individual will be required to demonstrate experienced knowledge of commercial cards & non-card based B2B payments and be highly effective in strategic, solutions-based selling to executive level decision makers. The individual will also need to have passion for building relationships with all the myriad of internal and external constituents.

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

RESPONSIBILITIES
• The role will set joint objectives supporting performance targets for the function based on strategic business/Go-To-Market plan built with the Head of Commercial Solutions, GCC & NALP
• Develop and execute strategies to increase payments volume and secure long-term revenue with Key Issuers/other key partnerships
• Responsible for managing relationship with Issuers (both FIs & Non-FIs) and formulating and executing on Commercial Solutions go-to-market approaches working in close collaboration with the Country Manager and the respective Account Executives
• Focus on driving new purchase volume and revenue with Visa commercial card issuers (both FIs & Non-FIs) across all groups, which entails securing targeted opportunities in the public & private sectors in alignment and partnership with financial institution partners
• Develop and support strategies to capitalize on emerging customer needs and marketplace trends
• Collaborate with Visa Commercial Solutions Hub team on new product development/technology/innovation initiatives, industry events and promotions
• Contribute to the quarterly business/account plan for the assigned clients, agreeing with matrixed stakeholders on required actions and deliverables in close collaboration with the Country Manager and the respective Account Executives
• Demonstrate a good knowledge of the Visa products and services, with experienced knowledge in, commercial card solutions and broad knowledge of consumer, loyalty, merchant/acceptance, ecom, digital
• Engages with colleagues across Visa, ensuring relevant teams are appropriately involved, informed and coordinated
• Develop and ensure implementation of annual goals and plans
• Utilize a consultative sales approach that ensures that the client’s business objectives are met and their performance metrics are optimized
• Analyses business opportunities to increase volume and share implementing both short and long term strategies and tactics to increase profitability


REQUIREMENTS
• 8 to 12 years business experience including sales and/or relationship management
• Commercial Cards Issuing/Acquiring experience is required. Exposure to servicing Financial Institution clients in these areas is required, and good knowledge of Transaction Banking (covering SME/Corporate/Public Sector segments) is preferred.
• Demonstrated experience in process improvement and dedication to client engagements, willingness to learn and execute effective sales strategies
• Ability to develop, lead and close complex high-reaching sales efforts
• Previous experience implementing strategic initiatives with efficiency, integrity
• Strong trouble shooting/problem solving skills
• Confidence and ability to effectively build and deliver presentations to all audiences up to the executive levels
• Demonstrated understanding of financial indicators to measure business performance and an ability to summarize business and financial data in a useful manner for planning and decision-making.
• Travel as required

Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Average salary estimate

$100000 / YEARLY (est.)
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$80000K
$120000K

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What You Should Know About VCS Market Development Lead, Visa

Are you a dynamic professional looking to take the reins as a VCS Market Development Lead at Visa in the vibrant city of Beirut, Lebanon? In this pivotal role, you’ll blend sales and product solutioning to onboard a variety of clients onto Visa Commercial Solutions, focusing on Small Business, Middle Market, and Large Clients. Your mission will be to drive market development initiatives, expand Visa Commercial Solutions' reach, and create new revenue streams by forging strong relationships with existing partners and new clients. At Visa, we’re all about innovation and reliability in payments, and your expertise in commercial cards and B2B payments will help us achieve our goals. You'll be tasked with setting objectives that support performance targets and crafting strategies that boost payment volumes by partnering with key issuers. A consultative sales approach is crucial as you’ll engage with decision-makers, drive new purchase volumes, and keep abreast of emerging market trends. The best part? This is a hybrid position, allowing you to balance remote work while heading into the office 2-3 days a week. Ready to make an impact? Join Visa, where your passion for building relationships and innovative solutions will shine!

Frequently Asked Questions (FAQs) for VCS Market Development Lead Role at Visa
What responsibilities does a VCS Market Development Lead at Visa have?

The VCS Market Development Lead at Visa is responsible for onboarding clients onto Visa Commercial Solutions and driving market development activities. This includes developing strategies to enhance payment volumes, managing relationships with issuers, and collaborating on product development initiatives. The lead will focus on securing new accounts, optimizing performance metrics, and ensuring client engagement strategies align with Visa's broader objectives.

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What qualifications are needed for the VCS Market Development Lead role at Visa?

To qualify for the VCS Market Development Lead role at Visa, candidates should possess 8 to 12 years of business experience in sales or relationship management, specifically in commercial card issuance or acquiring. Knowledge of transaction banking is beneficial, along with a proven ability to lead complex sales efforts and a commitment to process improvement and client engagement. Strong problem-solving skills and effective presentation abilities are also essential.

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How does the hybrid work model function for the VCS Market Development Lead at Visa?

As a VCS Market Development Lead at Visa, you will enjoy the flexibility of a hybrid work model. This means you can alternate your time between remote work and in-office days. Employees in hybrid positions generally work from the office 2-3 days each week, as determined by leadership, striking a balance between collaboration and independent productivity based on business needs.

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What skills are essential for success as a VCS Market Development Lead at Visa?

Success as a VCS Market Development Lead at Visa hinges on a blend of strategic sales skills and relationship management capabilities. Candidates should have deep knowledge of commercial cards, B2B payments, strong problem-solving abilities, and the confidence to present to executive audiences. Furthermore, analytical skills to interpret business performance and financial data are vital for planning and decision-making.

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What impact can a VCS Market Development Lead expect to have at Visa?

A VCS Market Development Lead at Visa has the opportunity to significantly impact the company by driving expansion into new markets and increasing revenue through strategic partnerships. By onboarding clients and optimizing their use of Visa Commercial Solutions, the lead contributes to enhancing transaction volume and fostering innovation in payment methods that benefit consumers and businesses alike.

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Common Interview Questions for VCS Market Development Lead
Can you describe a successful sales strategy you have implemented in the past?

When answering this question, focus on specifics of a sales strategy you employed that resulted in measurable success. Highlight the research you conducted, how you identified client needs, and how your approach fostered long-term relationships. Illustrate with metrics if possible, such as increased sales volume or new client acquisition.

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How do you prioritize clients and opportunities in your work?

Discuss your approach to prioritization based on factors such as potential revenue, strategic fit, and relationship history. Emphasize your use of data analytics to guide decisions, and how you balance short-term wins with long-term relationship building.

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What do you understand about Visa's Commercial Solutions?

In your answer, showcase your knowledge of Visa's offerings related to commercial cards and B2B payment solutions. Discuss how these solutions can leverage technology for efficiency and how they can meet a variety of client needs, including small business and large clients.

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How do you handle objections during a sales conversation?

Share a structured approach to objection handling, such as acknowledging the concern, providing relevant information, and focusing on the value proposition. Highlight an example where you turned an objection into an opportunity by understanding the client's needs better.

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Describe a time when you had to work closely with cross-functional teams.

Reflect on a scenario where you collaborated with different departments (like marketing or IT) to achieve a project goal. Emphasize communication, coordination efforts, and how you ensured all stakeholders were informed and involved in the process.

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What metrics do you use to measure the success of your sales efforts?

Discuss key performance indicators (KPIs) you track, such as revenue growth, new client acquisitions, customer retention rates, and transaction volumes. Explain how these metrics inform your strategies and adjustments in approach.

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How do you keep up with industry changes and market trends?

Emphasize your methods for remaining informed about industry trends, like attending conferences, subscribing to industry publications, and engaging in professional networks. This shows your commitment to continuous learning and adaptability.

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Can you provide an example of how you exceeded a client's expectations?

Offer a concrete example that illustrates your proactive approach to understanding client needs and delivering beyond their requests. Highlight the impact of your efforts on the client's satisfaction and loyalty to your services.

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How would you approach building relationships with new partners?

Describe a systematic approach to building relationships, emphasizing communication, understanding partner goals, and aligning those with Visa's objectives. Include how you would nurture these relationships over time through regular engagement and support.

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What role does data play in your sales approach?

Share your views on the importance of data analysis in understanding market trends, client behavior, and informing sales strategies. Provide examples of tools you use to analyze data and how it has led you to successful outcomes.

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Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entiti...

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Full-time, hybrid
DATE POSTED
April 13, 2025

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