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Business Development Manager, Ontario

Who we are:

Financeit is a point-of-sale financing provider serving some of the largest home improvement and retail organizations in Canada.

Our platform helps businesses close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle or retail purchase.

We are small enough that you can make an impact within the company and large enough to make an impact in the market.

Financeit is a company where collaboration, inclusivity, fairness, and respect aren’t just ideas that get talked about, but are part of who we are. If such a workplace intrigues you, we hope you’ll join us.

About the role:

Financeit is looking for a Business Development Manager to drive new acquisition sales within the Home Improvement sector across Canada. This role will focus on building and nurturing relationships with associations, OEMs, and service providers to launch new networks of dealers.

The ideal candidate excels at networking and establishing new relationships, and has a data-driven mindset. The role requires someone capable of presenting the product to a large audience, conduct training sessions with key user groups, and develop an in-depth understanding of the Financeit product suite.

The Business Development Manager will be expected to dedicate up to 50% of their efforts in the field, working across Canada to drive opportunities alongside the existing sales team and engaging directly with merchants.

What you’ll do:

  • Proactively identify and pursue new enterprise partnership opportunities within the home improvement space (HVAC, Windows, and Doors, etc.). 
  • Establish a deep understanding of Financeit programs and market position.
  • Provide regular market insights, including competitive trends, home improvement market developments, and enterprise partner needs.
  • Prepare, negotiate, and execute partnership contracts.
  • Maintain the sales pipeline through Salesforce to forecast, track and close opportunities.
  • Position Financeit as the market leader in POS financing with tailored proposals for each partner.
  • Prospect for potential large accounts via cold calling, face-to-face meetings and networking.
  • Cultivate strong relationships with enterprise partners, including executive sponsors and key stakeholders across sales, marketing, and finance.
  • Develop strategic business plans with leadership and support teams.
  • Collaborate with marketing, sales, and production managers to create and implement business strategies for attracting and signing new merchants. 
  • Analyze data to support value propositions and articulate key business insights.
  • Sell multiple business lines and deeper integrations within an Enterprise group.
  • Ensure compliance to our approval and risk requirements.
  • 5+ years of experience in business development and hands-on, face-to-face direct sales.
  • Entrepreneurial spirit with a proven track record for closing large deals.
  • Previous experience with legal procurement and contract negotiation is a plus.
  • Driven, energetic, and comfortable cold calling to build a robust sales pipeline.
  • Excellent verbal and written communication skills.
  • Strong interpersonal, organizational, and multitasking skills, with the ability to meet deadlines and work under pressure.
  • Demonstrated success in managing business-to-business sales and service relationships.
  • Proficiency with CRM systems, ideally Salesforce.
  • Strong analytical skills for assessing and qualifying leads, and managing data.
  • Willingness to travel 50% of the time across Canada and the US for industry events and client meetings.

Certified as one of Canada’s Most Admired Corporate Culture twice, we offer more than just the basics. Take advantage of:

  • An award-winning culture with a collaborative & inclusive team.
  • Competitive pay and performance based bonus.
  • Committed to flexible work arrangements, offering hybrid and remote workplace options.
  • Comprehensive medical, dental and vision coverage + Lifestyle Account.
  • RRSP Matching and Parental Leave Top Up Program.
  • In office massage, meditation & workout sessions.
  • Virtual events such as Lunch & Learns, company parties, fun team activities and charity initiatives.
  • Career learning and development programs.

Next Steps:

If what you just read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for a phone interview.

Financeit is an equal opportunity employer. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Average salary estimate

$80000 / YEARLY (est.)
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$70000K
$90000K

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What You Should Know About Business Development Manager, Ontario, Financeit

Join Financeit as a Business Development Manager and take your career to the next level! In this dynamic role, you will drive new acquisition sales within the Home Improvement sector across Canada. Financeit is a leading point-of-sale financing provider that empowers businesses to offer customers affordable payment options. As part of our close-knit team, you'll cultivate relationships with key associations, OEMs, and service providers to create new dealer networks that flourish. We’re looking for someone who thrives in networking environments and possesses a data-driven mentality. You’ll spend around 50% of your time in the field, engaging directly with merchants and collaborating alongside our existing sales team to maximize opportunities. You’ll have the chance to present our innovative products to large audiences and conduct training sessions that amplify understanding of the Financeit product suite. Whether you're drafting contracts or analyzing market insights, your role is integral to our mission of establishing Financeit as a market leader in POS financing. If you’re energetic, driven, and have a proven history in business development, this might just be the perfect opportunity for you. Dive into a workplace that values inclusion, respect, and collaboration, and be part of a company that genuinely makes an impact.

Frequently Asked Questions (FAQs) for Business Development Manager, Ontario Role at Financeit
What are the primary responsibilities of a Business Development Manager at Financeit?

As a Business Development Manager at Financeit, you’ll be responsible for proactively pursuing new enterprise partnerships in the Home Improvement sector. This includes building relationships with associations, OEMs, and service providers, conducting training sessions, presenting products, and maintaining a robust sales pipeline in Salesforce. Your expertise will help position Financeit as a trusted leader in POS financing.

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What qualifications do I need to apply for the Business Development Manager position at Financeit?

To qualify for the Business Development Manager role at Financeit, you should have at least 5 years of experience in business development and direct sales. You need an entrepreneurial spirit, excellent communication skills, and a background in contract negotiation would be an asset. Proficiency with CRM systems like Salesforce and strong analytical skills are also important.

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How much travel is involved in the Business Development Manager role at Financeit?

The Business Development Manager at Financeit is expected to travel approximately 50% of the time across Canada and the US. This travel is essential for attending industry events, conducting client meetings, and fostering relationships with potential partners.

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What kind of work culture can I expect at Financeit?

At Financeit, you can expect an award-winning culture that is inclusive, collaborative, and diverse. The company has been recognized as one of Canada’s Most Admired Corporate Cultures, which emphasizes respect, teamwork, and ongoing development, providing a supportive atmosphere for all employees.

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What benefits does Financeit offer to its Business Development Managers?

Financeit offers a comprehensive benefits package for Business Development Managers that includes competitive pay, performance-based bonuses, flexible work arrangements, medical, dental, and vision coverage, along with an RRSP matching program. Additionally, employees have access to wellness initiatives like in-office massage sessions and virtual team events.

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Common Interview Questions for Business Development Manager, Ontario
Can you describe your experience with building partnerships in the Home Improvement sector?

When answering this question, focus on specific examples from your past roles where you successfully established partnerships. Highlight the strategies you used to connect with OEMs or service providers and how those partnerships benefited the companies involved, showcasing your ability to drive results.

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How do you maintain a sales pipeline, and can you give an example of your methodology?

Discuss your experience using CRM systems like Salesforce to track leads and opportunities. Mention how you prioritize follow-ups and segment your pipeline for effective management. Maybe share a successful example where your method led to closing a significant deal, demonstrating your organizational skills.

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What steps do you take to understand a product deeply before presenting it to potential partners?

Outline your approach to product knowledge, such as training sessions, studying market materials, and reaching out to product managers. Emphasize the importance of understanding all facets of the product to answer any potential questions and convey confidence during presentations.

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How do you handle objections from potential clients during the sales process?

Explain your strategy for objection handling, which might include active listening, empathizing, and addressing concerns directly with factual information. Provide an example where you turned an objection into a selling point, reinforcing your resilience and negotiation skills.

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Can you provide an example of a successful deal you closed and what made it successful?

Share a detailed example of a major deal, including the challenges you faced, the strategies you implemented, and the final outcome. This will showcase your negotiation skills, your ability to understand client needs, and how you leverage your relationships effectively.

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Describe a time when you had to travel for work. How did it impact your sales efforts?

Talk about your experience with business travel and how it opened new opportunities for you. Share insights on how you managed your time effectively and the results you achieved post-trip, emphasizing your adaptability and willingness to step outside of your comfort zone.

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What methods do you use to stay informed about industry trends and competitive insights?

Discuss your research habits, such as following industry publications, attending conferences, and networking with peers. Mention how you use this knowledge to inform your strategies and sales pitches, showcasing your commitment to staying ahead in the market.

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How do you prioritize and manage multiple accounts within your sales pipeline?

Explain your tactics for prioritization, which could include using CRM software, assessing potential revenue, and setting timelines for client follow-ups. This will highlight your organizational skills and your strategic approach to account management.

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What are your long-term career goals, and how does the Business Development Manager role at Financeit fit into them?

Share your aspirations and how the Business Development Manager role aligns with your career trajectory. Highlight your desire to grow within the company and contribute to its mission, demonstrating your ambition and commitment to Financeit’s success.

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How would you describe your communication style when working with various stakeholders?

Discuss your adaptive communication style that varies based on the audience, whether it's technical teams, executive sponsors, or clients. Provide examples of how tailoring your communication can enhance collaboration and relationship-building.

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Founded in 2011, FinanceIt is a market leading point-of-sale financing provider servicing the home improvement, recreational vehicle and retail industries. FinanceIt is located in Toronto, Canada.

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Full-time, hybrid
DATE POSTED
March 8, 2025

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