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Business Development Manager

Payoneer’s mission is to enable businesses of all sizes from anywhere in the world to access the rising, global economy by enabling them to transact globally as easily as they do locally. Life at Payoneer is a global community, where you’ll work with colleagues all over the world, serving small- and medium-sized business customers and partners in over 190 markets. 

 

 

Location

London, UK

 

Payoneer is looking for a highly talented Business Development Manager B2B to join an extremely fast-growing global Fintech business. The incumbent will be tasked to enable millions of SMBs and professional businesses in the EMEA region (Europe, Middle East and Africa) to get paid globally with Payoneer’s fast, flexible, secure and low-cost solutions. Your responsibilities will include increasing business adoption and market penetration. Working in a dynamic sales environment you will be responsible for prospecting, qualifying and recruiting clients on the Payoneer platform. The ideal candidate will be comfortable in a fast-paced, multi-tasked, high-energy environment with an ability to deal with ambiguity. He/ she should also be a self-starter who is prepared to develop and execute against a territory coverage plan.

 

What you’ll be spending your time on:

  • Impact market segment share by acquiring and onboarding new customers
  • Maintain a strong lead funnel of high-value customers, pitch Payoneer offerings to CXOs and crack deals with Payoneer as partner of choice to receive global payments and Check-Out options
  • Ability to explore new business segments and define GTM for the same
  • Generate and achieve monthly region/segment forecasts and exceed targets in areas of number of clients and GMV from our direct business
  • Drive below the line activities to augment customer acquisitions and represent Payoneer in industry forums to drive awareness
  • Create & articulate compelling value propositions for Payoneer services in coordination with the marketing team
  • Regularly interact across functional areas with senior management or executives to ensure unit objectives are met
  • Develop long-term strategic relationships with key stakeholders
  • Strong quantitative, analytical and conflict resolution abilities

 

For this role you are also:

  • Analytical and data oriented, strong in data backed decision making
  • Proficient in the use of email, with strong written and verbal communications skills

 

Have you done this kind of stuff?

  • At least 4 years of experience in business development, service and/or solution sales, account management, especially in payments, ecommerce or managing large size merchant acquisitions
  • Track record of meeting and exceeding business established goals
  • Experience in leading complex negotiations with CXOs of large and enterprise accounts
  • Ability to drive operational excellence through innovative initiatives
  • Ability to manage a team and work on individual targets at the same time

 

Not a must but a great advantage:

  • Experience in the Payments and Banking industry
  • Familiarity with the B2B and Enterprise Customer Segment
  • Familiarity with languages besides English
  • Experience with direct sales for small businesses engaged in cross border trade
  • Experience with digital marketing, affiliate marketing, social media
  • Experience with data analytics & BI tools
  • Experience working in an international company

 

Who we are:

Payoneer (NASDAQ: PAYO) is the world’s go-to partner for digital commerce, everywhere.  From borderless payments to boundless growth, Payoneer promises any business, in any market, the technology, connections and confidence to participate and flourish in the new global economy. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading brands, Payoneer offers a universe of opportunities, open to you.

 

 

#LI-Hybrid

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Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

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What You Should Know About Business Development Manager, Payoneer

Join the vibrant team at Payoneer as a Business Development Manager in London! At Payoneer, we're on a mission to empower businesses of all sizes to tap into the global economy, allowing them to transact with ease and agility. As part of the fast-paced finance tech scene, you'll engage with small and medium-sized clients across EMEA, making your mark by helping them utilize our efficient, secure payment solutions. You'll dive into exciting responsibilities like building a strong lead funnel, negotiating with CXOs, and driving client acquisition strategies. If you're a driven self-starter with at least four years of experience in business development within the payments or e-commerce sectors, this role could be your gateway to influencing global transactions. You’ll not only analyze market trends but also drive innovative initiatives to enhance customer relationships and expand market share. Collaborating with senior management and functional teams, you'll craft compelling value propositions and represent Payoneer at industry forums. With your data-focused approach and strong communication skills, you’ll be the pivotal link between Payoneer and our clients, helping them thrive in today's marketplace. Whether you have direct sales experience or are familiar with the B2B segment, you’ll find rewarding challenges here, all while being part of a global community. Let’s reshape the future of cross-border payments together at Payoneer!

Frequently Asked Questions (FAQs) for Business Development Manager Role at Payoneer
What are the main responsibilities of a Business Development Manager at Payoneer?

As a Business Development Manager at Payoneer, your primary responsibilities will include increasing market penetration for Payoneer’s payment solutions, onboarding new clients, and maintaining a strong lead funnel of high-value customers. You'll also be expected to articulate compelling value propositions, generate forecasts, and exceed client acquisition targets while representing Payoneer at industry events.

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What qualifications are required for the Business Development Manager position at Payoneer?

To qualify for the Business Development Manager role at Payoneer, candidates should have a minimum of four years of experience in business development, service, or solution sales, preferably within the payments or e-commerce sectors. Strong analytical and communication skills, along with a proven track record of meeting established business goals, are essential.

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What skills are important for a Business Development Manager at Payoneer?

Key skills for a Business Development Manager at Payoneer include analytical thinking, data-driven decision making, strong negotiation abilities, and excellent verbal and written communication. Additionally, familiarity with B2B customers and experience in cross-border trade or digital marketing will give candidates an edge.

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How does Payoneer support its Business Development Managers in achieving their goals?

Payoneer supports its Business Development Managers through collaborative efforts with senior management and coordination with the marketing team to create compelling propositions. Regular market analysis and training sessions will also enable you to stay at the forefront of the industry and effectively drive client acquisitions.

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What growth opportunities exist for a Business Development Manager at Payoneer?

As a Business Development Manager at Payoneer, there are ample opportunities for professional growth. You'll gain exposure to various facets of the global payments industry, develop strategic partnerships, and have the potential to take on leadership roles as Payoneer continues to expand its influence in the marketplace.

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Common Interview Questions for Business Development Manager
Can you describe your experience in business development, specifically in the payments industry?

When discussing your experience in business development in the payments industry, highlight specific achievements, such as successfully onboarding clients or negotiating deals, and outline your understanding of the industry's trends and challenges.

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How do you prioritize client acquisition leads effectively?

To answer this question, share your methodology for assessing leads, such as evaluating potential revenue, market fit, and alignment with strategic goals, and provide examples of how this approach has led to successful client acquisition in the past.

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What strategies do you employ to maintain long-term relationships with key clients?

Discuss your strategies for nurturing client relationships, such as regular check-ins, providing value through insights and data, and being proactive in resolving any issues that arise, illustrating your commitment to client satisfaction.

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How do you handle objections from prospective clients?

When addressing objections from prospective clients, explain your approach to active listening, empathy, and providing informed responses that address their concerns, emphasizing a solution-oriented mindset.

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Can you give an example of a successful negotiation you've led?

Use this opportunity to share a specific negotiation scenario where you achieved a favorable outcome. Highlight your preparation, strategy, and the steps you took to overcome complications, demonstrating your negotiation skills effectively.

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What metrics do you consider essential for measuring success in a business development role?

Mention metrics such as lead conversion rates, client retention rates, total revenue generated from new acquisitions, and customer satisfaction scores to showcase your analytical approach to evaluating success in business development.

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Describe a time when you exceeded your sales targets.

Provide specifics about the strategies you employed, the challenges you faced, and the innovative solutions you implemented to exceed your sales targets, along with the quantifiable results of your efforts.

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How do you stay updated on trends in the payments industry?

Share your strategies for staying informed about industry trends, such as following relevant publications, attending conferences, and participating in networking events, which showcases your commitment to ongoing professional development.

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How would you approach creating a territory coverage plan?

Explain the steps you would take to analyze the territory, identify growth opportunities, segment potential clients, and set clear objectives for outreach, illustrating your strategic planning capabilities.

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What do you see as the biggest challenges facing business development in the Fintech sector?

Discuss current challenges like regulatory changes, market competition, and the need for technology innovation, and propose how you would address these challenges to drive growth in the Fintech sector.

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Payoneer is one of the world’s largest digital payments platforms transforming the way businesses send and receive cross-border payments. If you’ve ever sold something on Amazon, rented your apartment on Airbnb, given someone a ride using Waze Car...

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Full-time, hybrid
DATE POSTED
January 4, 2025

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