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Business Development Manager

Our mission is to increase the success rate of small businesses. Traditional banking has been a growth limiter rather than a growth enabler for business owners, and we’re changing that. Relay is the all-in-one, collaborative money management platform. We’re building for employer SMBs and their finance function, internal and external, and are focused on delivering a human-centric customer experience. Ultimately, we help SMBs be ‘on the money'.


We are looking for a passionate and results-driven Business Development Manager to help us expand our horizons and drive our growth to new heights. You will play a pivotal role in reshaping our business development strategy, identifying and capitalizing on business opportunities, forging strategic partnerships, and driving revenue growth.


Joining Relay means an opportunity to make a huge impact in building solutions with the potential to reach 29 million small businesses across North America. This is a unique opportunity to be part of a winning Sales team culture, establish a foundation in a scrappy environment, and contribute to our success story.


What You’ll Be Doing:
  • Lead, manage and coach a world-class team of Business Development Representatives
  • Identify opportunities in the business and execute projects to improve our sales process, strategy and playbooks
  • Build, reshape and execute our Inbound/Outbound motion 
  • Partner and collaborate with cross-functional teams including Marketing, Revenue Operations, Sales Enablement, etc. 
  • Stay abreast of industry trends and market dynamics to inform business development strategies
  • Analyze data and feedback to refine and optimize approaches for maximum impact


Who You Are:
  • You have 3-5 years of experience managing and leading a Business Development team, ideally within a startup environment
  • You are results-oriented with a track record of meeting and exceeding targets
  • You have a creative and strategic mindset with a knack for identifying and amplifying market opportunities
  • You are passionate about coaching and the development of people
  • You have operational rigour – you are always looking for ways to solve and improve technical and process inefficiencies that impact the sales funnel


Bonus Points:
  • You have prior experience in B2B SaaS, fintech or a neobank
  • You have worked with SMBs in North America

Research shows that women-identifying and other marginalized individuals tend to only apply when they meet 100% of the qualifications; if you don't have all the listed qualifications, we encourage you to apply anyway!


Our Commitment To You:
  • Competitive salary and meaningful equity: Relay employees are Relay owners, complete with equity and a competitive salary. 
  • Comprehensive health benefits: enjoy full health benefits from day one. We offer flexible Health or Wellness Spending Accounts and medical, dental, and vision coverage for you and your dependents.
  • Flexible vacation and time off: every team member starts with 15 vacation days and 5 flex days to use as needed, plus an extra week of office closure during the end-of-year holidays so you can take time off to recharge and come back better for our customers.
  • Parental leave with top-up: we offer 12 weeks off with a 100% salary top-up for all full-time employees, regardless of location, and accessible for all parents: birthing, non-birthing, and adoptive.
  • Hybrid work environment: we value meaningful collaboration and connection at our Vancouver office (WeWork) twice a week, with lunch, snacks, and beverages on us. We also enjoy time together in our Toronto office – you'll come to Toronto for onboarding, once a quarter, and for our summer and winter events (travel and accommodations are covered).
  • Dog-friendly space: can dogs really make you happy and healthy? We don’t know for sure, but since we don’t want to chance it, our Toronto office is 100% floof-friendly.
  • Personal and professional growth: through ongoing feedback, mentorship, and coaching, work with peers and leaders who are invested in your growth and success. 
  • Top-tier equipment: as a Mac-first company, our Toronto offices have everything you need to produce your best work comfortably, from multiple screens to ergonomic seating.
  • Social connection: we believe in celebrating our wins with two annual company-wide get-togethers, quarterly team events, happy hours, and special events and networking opportunities with industry leaders.

We’re driving real change for small business owners, powered by truly remarkable people. At Relay, you’ll find the confidence to take changes, trust to take initiative, and the support you need to build a career you love. Here, we make sure every team member feels empowered to make big decisions, encourage to ask tough questions, and challenged to take risks that result in work we’re all proud of. We give you the baton–you run the Relay.


The Interview Process:
  • Stage 1: A 30-minute Google Meets video call with a member of the Talent team
  • Stage 2: A 45-minute Google Meets video call with the Director of Sales
  • Stage 3: A whiteboard session followed by a presentation to our Sales team in a 60-minute Google Meets video call
  • Stage 4: A 45-minute Google Meets video call with a member of the Leadership team


What’s Important to Us:

At Relay, we believe that diversity is key to building high-performing teams, and creating an inclusive work environment is our priority. We are an equal-opportunity employer and we welcome people of diverse backgrounds, perspectives, and skills.


We will work with applicants to provide accommodations at any stage of the hiring process. If you require accommodations during the interview process, please email your People Team contact, and we will work with you to meet your needs.

Average salary estimate

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

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What You Should Know About Business Development Manager, Relay Financial

At Relay, we are on a mission to empower small businesses with the tools they need to thrive, and we’re looking for a passionate Business Development Manager to join our dynamic team in Vancouver, BC. This is a unique opportunity to play a significant role in reshaping our business development strategy and driving our growth forward. You’ll be at the forefront of identifying new business opportunities and forging valuable partnerships, all while collaborating with our talented cross-functional teams to deliver a human-centric experience that matters to us and our clients. Your leadership skills will shine as you manage and mentor a world-class team of Business Development Representatives. Together, you’ll optimize our sales strategies, adapt to market trends, and analyze feedback for continuous improvement. Here’s where your expertise comes into play: with 3-5 years of experience in managing a Business Development team, ideally within a startup environment, you’ll certainly have a lot to contribute. Our team is results-oriented, creative, and passionate, and we can't wait to see how your unique approach can elevate our mission. If you are someone who thrives in a fast-paced, fun environment, and you’re eager to make a real impact in the B2B SaaS and fintech space, then come run the Relay with us and take part in empowering 29 million SMBs across North America. Let’s revolutionize the banking experience for small businesses together!

Frequently Asked Questions (FAQs) for Business Development Manager Role at Relay Financial
What does a Business Development Manager do at Relay?

A Business Development Manager at Relay plays a crucial role in shaping the company's growth. They are responsible for identifying and capitalizing on new business opportunities, leading a world-class team of Business Development Representatives, and optimizing sales strategies. Their efforts help the company reach and support small businesses across North America, making a significant impact in the B2B SaaS and fintech space.

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What qualifications are needed for the Business Development Manager position at Relay?

Candidates applying for the Business Development Manager position at Relay should ideally have 3-5 years of experience managing a team in a business development setting, preferably within a startup. A strong track record of meeting and exceeding targets, a strategic mindset, and a passion for coaching and developing team members are also important. Experience with B2B SaaS, fintech, or working with SMBs in North America is a plus.

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How does Relay support its Business Development Manager's growth?

Relay is committed to personal and professional growth for its employees, including the Business Development Manager. Team members benefit from ongoing feedback, mentorship, and coaching, alongside top-tier equipment and a culture that encourages risk-taking and innovation. The company also fosters social connections through team events and networking opportunities with industry leaders.

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What is the work environment like for a Business Development Manager at Relay?

The work environment for a Business Development Manager at Relay is dynamic, collaborative, and flexible. The role balances remote work with in-office collaboration twice a week at their Vancouver location, allowing for meaningful teamwork and connection. Team members also enjoy a dog-friendly, supportive atmosphere that promotes inclusivity and diversity.

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What are some of the key responsibilities of a Business Development Manager at Relay?

The key responsibilities of a Business Development Manager at Relay include leading and mentoring a team of Business Development Representatives, identifying market opportunities, building and executing sales strategies, collaborating with various cross-functional teams, and analyzing data to continuously refine approaches for maximum impact. These actions significantly influence Relay's growth trajectory.

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What benefits can a Business Development Manager expect at Relay?

A Business Development Manager at Relay can expect a competitive salary, meaningful equity, comprehensive health benefits from day one, flexible vacation policies, and parental leave with a generous salary top-up. Additional perks include a hybrid work model, social events, personal development opportunities, and a culture that values employee well-being.

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What is the interview process for the Business Development Manager position at Relay?

The interview process for the Business Development Manager role at Relay consists of four stages: first, a 30-minute video call with a member of the Talent team; second, a 45-minute video call with the Director of Sales; third, a whiteboard session followed by a presentation to the Sales team; and finally, a 45-minute call with a member of the Leadership team. This structured approach helps identify the best candidates for this strategic role.

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Common Interview Questions for Business Development Manager
How do you approach identifying new business opportunities?

When answering this question, emphasize your systematic approach to market research, data analysis, and networking. Share specific examples of how you successfully identified opportunities in past roles, utilizing both qualitative insights and quantitative data to inform your strategies.

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Can you describe your experience in leading a Business Development team?

Highlight your leadership style, focusing on team development and performance metrics. Discuss how you coach team members, set clear goals, and foster a collaborative culture. Providing tangible outcomes from your leadership approach will showcase your effectiveness.

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What strategies have you implemented to improve sales processes?

Be prepared to discuss specific strategies you’ve used to refine sales processes in your previous roles. This could include adopting new technologies, streamlining communication between teams, or utilizing customer feedback to improve sales tactics. Showcasing measurable results will further strengthen your answer.

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How do you stay informed about industry trends?

Explain your methods for staying updated with industry trends, such as following relevant publications, attending networking events, and leveraging social media or professional networks. Sharing examples of how this knowledge influenced your decisions can demonstrate your proactive approach to business development.

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What do you believe are key metrics for evaluating business development success?

Discuss a set of metrics you consider significant, such as lead conversion rates, revenue growth, and partnership outcomes. Explain how you track these metrics and adjust strategies based on your findings, showcasing your analytical skills and results-driven mindset.

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How do you handle setbacks in business development?

This is a chance to demonstrate resilience and problem-solving skills. Share a specific example of a setback you experienced and the steps you took to overcome it. Focus on how you turned the situation into a learning experience and the successful outcomes that followed.

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Describe your experience working with cross-functional teams.

Reflect on your collaborative skills and how you’ve effectively communicated and partnered with other teams, such as Marketing or Sales Enablement. Use a project or situation to illustrate your role in fostering collaboration and achieving shared goals.

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How do you prioritize your tasks in a fast-paced environment?

Show your organizational skills by explaining your process for prioritizing tasks, utilizing techniques such as Eisenhower Matrix, or setting daily/weekly goals. Discuss any tools you utilize for task management and how you handle competing deadlines while maintaining quality.

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What role does customer feedback play in your business development strategy?

Illustrate your customer-centric approach by discussing how customer feedback has informed your strategies and decisions. Provide examples of how you’ve used feedback to refine offerings or navigate business challenges, showcasing the importance you place on client satisfaction.

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Why do you want to work for Relay as a Business Development Manager?

Convey your genuine interest in Relay's mission to empower small businesses. Discuss how your values align with the company’s vision, and express enthusiasm for the opportunity to contribute to significant growth in the B2B SaaS space. Tailor your answer to reflect your goals and aspirations.

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Relay is turbocharged banking for small business. Open an account in minutes, issue corporate cards in seconds and automate your bookkeeping.

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Full-time, hybrid
DATE POSTED
November 27, 2024

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