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Sr Director Growth, US Market

Company Description

Momentum Financial Services Group, formerly Money Mart Financial Services is a leading provider of financial services in North America. For 40 years we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Backed by a retail network of over 500 locations and robust digital and mobile platforms, we provide access to cash and related products to help our customers achieve their goals. We operate retail locations in local communities and cities across Canada under the Money Mart® brand and in Quebec as Insta Cheques® and in United States as Money Mart® and The Check Cashing Store®.

Our highly skilled workforce puts customers first in everything we do.  We serve millions of people annually with diverse and innovative financial products and services.  Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions. 

We believe in giving back to the communities where we live and work. With the generous support of our customers and staff, we proudly contribute annually to charities and non-profit organizations, along with using our time and talent to serve in local communities throughout Canada and the United States. We are looking for aspiring, passionate people who are dedicated to understanding and providing our customers with the right financial solutions utilizing a growing menu of products and services.  We embrace diversity and offer a fast-paced work environment. 

Job Description

Job Description

GENERAL FUNCTION

The US Market Development Lead will spearhead the strategic growth and development of our brand across the United States. This role will be responsible for identifying and expanding into new states, analyzing market opportunities, and establishing partnerships to drive profitable growth and increase market volume. Working cross functionally with teams across the business, this individual will leverage resources to enhance profitability, foster partnerships, and ensure successful product launches, positioning our brand for long-term success in the US market.

DUTIES/RESPONSIBILITIES

• P&L Management and Financial Acumen: Oversee and be jointly responsible for the profit and loss of existing products in the US, ensuring financial targets and profitability are met.

• Profitability and Market Performance Enhancement: Collaborate with the product owner to analyze and refine product offerings, implementing strategies to improve profitability and market performance.

• Product Launch and Go-to-Market Strategy: Lead the launch of new products in the US market, developing and executing strategies for a successful market entry and sustained growth likely through partnerships

• Market Knowledge and Business Expansion: Utilize deep knowledge of the US market to identify opportunities and drive business expansion, adapting strategies to meet evolving market needs.

• KPI Management and Performance Tracking: Establish, track, and report on key performance indicators (KPIs), developing actionable plans to achieve or exceed targets.

• Digital Product Oversight: Manage and grow Money Mart’s digital product in the US, ensuring its development aligns with market demands and is effectively scaled across multiple geographies.

• Cross-Functional Collaboration and Communication: Work closely with the marketing team to ensure effective marketing support for US operations and coordinate with the digital team to optimize digital channels.

• Strategic Planning and Long-term Vision: Develop and implement strategic plans to address market trends, competition, and business opportunities, driving long-term success and sustainability.

• Stakeholder Engagement and Relationship Building: Build and maintain strong relationships with Stores/Sales, Operations, Marketing, vendors, and other internal teams, to foster collaboration and support business goals.

• Financial Analysis: Work with Finance to conduct regular financial analysis and reporting to provide insights into performance, identify areas for improvement, and ensure alignment with overall business objectives.

• This person will collaborate with the entire organization but will not have direct reports.

Qualifications

EDUCATION:

• A bachelor’s degree in business, finance, marketing, or a related field is preferred.

EXPERIENCE

• 10-15 years of experience in product or strategy

• Proven track record in managing product-level P&L, ideally with experience in financial analysis and meeting profitability targets for products in the U.S. market.

• Experience working alongside product teams to refine offerings and enhance market positioning, ideally with hands-on experience in margin enhancement or cost efficiency initiatives.

• Demonstrated experience in leading product launches, developing go-to-market strategies, and driving product growth from launch through maturity, preferably in digital products or financial services.

• Significant experience in market analysis and growth strategy development for U.S. markets, with demonstrated success in driving business expansion. Experience in non-prime is important.

• Experience in setting clear KPIs and using dashboards or reporting tools to track performance metrics across multiple geographies or business units.

• Proven track record of successful collaboration with cross-functional teams to achieve common business goals, with a focus on aligning product and marketing strategies.

• Experience in strategic planning, particularly in competitive industries, and demonstrated ability to develop actionable plans that address market trends and ensure business sustainability.

• Experience building and maintaining relationships across functions (Sales, Operations, Marketing, etc.) to support and drive organizational objectives.

SKILLS

• Deep understanding of profit and loss (P&L) management, budgeting, and financial forecasting.

• Analytical skills to assess product performance, identify improvement opportunities, and implement cost saving measures without sacrificing quality.

• Strong project management, strategic planning, and execution skills, particularly in launching new products and expanding existing ones in the U.S.

• In-depth knowledge of the U.S. market landscape, consumer behavior, and competitive dynamics, with the ability to adapt business strategies based on evolving trends.

• Expertise in establishing, analyzing, and optimizing KPIs to drive business outcomes and make data-driven decisions.

• Strong interpersonal skills to collaborate effectively with marketing, sales, and operations teams, and ability to foster teamwork across functions.

• Strategic thinking with the ability to anticipate market trends, analyze competition, and create long-term plans for sustained growth.

• Strong relationship management skills to engage and influence internal and external stakeholders effectively.

• Experience in a previous Growth role, consulting and/or Financial Services experience is an asset

Additional Information

We invest in our employees, and offer extensive training, and development programs to set you up for future success. If we sound like a fit and you’re ready to start an exciting career with an organization that encourages employee growth, apply today! We look for bright, energetic, motivated individuals who are interested in learning and developing their career.

All your information will be kept confidential according to EEO guidelines.

Average salary estimate

$150000 / YEARLY (est.)
min
max
$120000K
$180000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Sr Director Growth, US Market, Momentum Financial Services Group

Are you ready to take your career to the next level? Momentum Financial Services Group is seeking a talented and driven Sr Director of Growth for the US market, based in vibrant Philadelphia, PA. In this pivotal role, you will be at the forefront of driving our strategic growth and market development across the United States. You'll dive deep into identifying new states for expansion, analyzing market opportunities, and establishing valuable partnerships that will lead to profitable growth. We proudly provide innovative financial solutions, and as part of our dynamic team, you will ensure our offerings resonate with customer needs. You'll work collaboratively with cross-functional teams, enhance our product portfolio, and oversee the success of our digital offerings. Your expertise in P&L management will be crucial as you strive to exceed financial targets while maintaining our commitment to quality and service. Your deep understanding of the US market and proficiency in performance tracking will empower us to adapt to evolving market conditions and keep us ahead of the competition. At Momentum, we value diversity and a passion for helping others, so if you're looking to make an impact in an empowering environment where your skills will be nurtured, why not bring your talents to us and create lasting change in our communities?

Frequently Asked Questions (FAQs) for Sr Director Growth, US Market Role at Momentum Financial Services Group
What are the key responsibilities of the Sr Director Growth at Momentum Financial Services Group?

As the Sr Director of Growth at Momentum Financial Services Group, you'll oversee P&L management, refine product offerings, lead product launches, and develop strategic go-to-market strategies. Your role is crucial in analyzing market opportunities and fostering partnerships that enhance profitability while expanding our presence in the US market.

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What qualifications are required for the Sr Director Growth position at Momentum Financial Services Group?

Candidates for the Sr Director of Growth role at Momentum Financial Services Group should possess a bachelor’s degree in business or a related field, along with 10-15 years of relevant experience in product or strategy management. A proven track record in managing product-level P&L and expertise in market analysis are essential.

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How does the Sr Director Growth contribute to the success of Momentum Financial Services Group?

The Sr Director of Growth plays a vital role at Momentum Financial Services Group by identifying and expanding market opportunities, managing product performance, and developing strong cross-functional collaborations. Your efforts directly impact profitable growth and strategic planning that aligns with our long-term vision.

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What skills are essential for the Sr Director Growth role at Momentum Financial Services Group?

To excel as the Sr Director of Growth at Momentum Financial Services Group, candidates should demonstrate strong analytical skills, P&L management, project management, and effective communication. The ability to solidify relationships across various functions and adapt strategies based on market dynamics is equally important.

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What kind of training and support does Momentum Financial Services Group offer for the Sr Director Growth role?

Momentum Financial Services Group invests heavily in employee development, offering extensive training and support programs aimed at setting you up for success in your role as Sr Director of Growth. We believe in nurturing talent and helping our team members reach their career aspirations.

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Common Interview Questions for Sr Director Growth, US Market
Can you describe your experience in managing product P&L for the US market?

In answering, focus on specific accomplishments, detailing how you monitored revenue, expenses, and profitability for products. Mention how you adjusted strategies based on your financial insights to drive higher margins.

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How would you develop a go-to-market strategy for a new product in the financial services sector?

Outline a structured approach that includes conducting market research, identifying target customer segments, and defining key messages. Emphasize the importance of establishing partnerships and aligning marketing efforts for successful product launches.

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What methods do you use to track KPIs effectively?

Discuss utilizing dashboards and reporting tools to regularly assess and visualize performance metrics, ensuring you can quickly identify trends and areas needing improvement while adjusting your strategies accordingly.

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How do you manage cross-functional teams in a fast-paced environment?

Highlight your communication skills and collaborative approach. Discuss the importance of regular check-ins, setting clear expectations, and fostering a team culture that embraces feedback and innovation.

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What is your approach to market analysis and identifying growth opportunities?

Explain your process for analyzing market trends and consumer behaviors. Mention how you leverage data and competitor insights to uncover new opportunities while posing well-defined action plans to capitalize on them.

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Can you share an example of how you've overcome a significant challenge in product launch?

Provide a specific example detailing the challenge faced, the steps taken to address it, and the ultimate outcome. Emphasize your problem-solving skills and resilience throughout the process.

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What strategies do you employ to enhance product profitability?

Discuss methods such as analyzing cost structures, improving operational efficiencies, and gathering customer feedback to refine offerings. Highlight how these factors contribute to increased revenue generation.

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How do you prioritize your tasks when managing multiple projects?

Outline your time management strategies, such as leveraging project management tools to prioritize tasks based on deadlines and impact, ensuring you're aligned with overall business objectives.

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How have you successfully built relationships with stakeholders in previous roles?

Share examples of your interpersonal skills and proactive communication efforts that have led to deeper partnerships, whether with internal teams or external vendors, focusing on collaborative initiatives.

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What role do you think digital products will play in the growth of financial services?

Discuss the rising importance of digital solutions in enhancing customer experiences and driving innovation in financial services. Reflect on trends such as mobile banking and personalized services to underline your perspective.

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Full-time, on-site
DATE POSTED
December 2, 2024

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