Portfolio Manager, Lending

Lightspeed; Montreal; On-site; CAD 70,000 - 110,000; Full time

Job summary

Join a dynamic team in a rapidly growing financial services company as a Portfolio Manager in Lending. This role is pivotal in managing the Merchant Cash Advance portfolio, focusing on yield optimization and market expansion. You will assess risks, develop financial strategies, and enhance operational efficiencies while collaborating with various teams. The company fosters a culture of inclusion and offers genuine career opportunities along with a comprehensive benefits package. If you're passionate about finance and ready to make an impact, this is the perfect opportunity for you.

Benefits

Unlimited paid time off

Flexible working policy

Health insurance

Health and wellness benefits

Transit fees covered

Paid leave assistance for new parents

LinkedIn learning

Volunteer day

Lightspeed RSU program

Qualifications

• 6+ years in strategic finance or capital markets is essential.
• Experience with data science and SQL is highly valued.

Responsibilities

• Manage the Merchant Cash Advance portfolio and assess risks.
• Identify market opportunities while balancing growth and risk.

Skills

Strategic finance

Capital markets

Banking

Data science

SQL

Education

Bachelor's degree in Finance or related field

Tools

Financial modeling software

Job description

Hi there! Thanks for stopping by

Are you actively looking for a new opportunity? Or just checking the market? Well… you might just be in the right place!

We’re looking for a Portfolio Manager, Lending, to join our Financial Services team. This group is in hyper-growth mode, seeking an experienced professional who can bring this business to the next level, assisting with yield optimization, financial risk strategies, and market expansion.

Reporting directly to the Director, Lending Portfolio Management, you will help manage the Merchant Cash Advance (“MCA”) portfolio. In managing the complexities of the portfolio, you will assess risk and the MCA loss reserve fund. You will also be responsible for ensuring the Financial Services Team is acting in accordance with servicing policies and procedures, providing training and professional mentorship across teams, identifying operational deficiencies, and working in concert with leadership to develop and implement process enhancements to ensure efficiency.

What you’ll be doing:

• Identify opportunities to gain market share while maintaining defaults within an acceptable range as well as maintaining balancing growth and risk initiatives for Capital
• Evaluate partnerships that can help grow the Capital business as well as maintain existing partnerships
• Create off-balance sheet financing optionality for Lightspeed Capital
• Help set the business on a path to securitization, which would enable more flexibility
• Conduct and manage processes with potential investors
• Monitor the performance of our MCA portfolio (repayment speed, DPD, defaults, write-offs) to ensure we are positioned to meet investor’s return expectations
• Identify, manage and drive the development of the capabilities required to operate with external financing partners
• Negotiate legal agreements with sophisticated investors; ability to appropriately represent business needs to reach favorable outcomes
• Manage relationships with Finance, Risk, Go-to-Market, and Operations on the scoping and delivery of initiatives focused on managing our MCA portfolio
• Responsible for coaching, facilitation and preparation of cross-functional materials
• Prepare executive summary for the board and higher management
• Work closely with global stakeholders to implement credit loss & fraud prevention solutions.

What you need to bring:

• 6+ years in strategic finance, capital markets or banking
• Understanding and experience in setting up and operating forward flow programs
• Knowledge of modeling approaches for business financials
• Practical understanding of data science (segmentation, modeling, etc.) and SQL
• Working with global stakeholders, specifically in the United States

We know that people are more than what’s on their CV. If you’re unsure that you have the right profile for the role... hit the ‘Apply’ button and give it a try!

What’s in it for you?

Come live the Lightspeed experience...

• Genuine career opportunities in a company that’s creating new jobs everyday;
• Work in a team big enough for growth but lean enough to make a real impact.

… and enjoy a range of benefits that’ll keep you happy, healthy and (not) hungry:

• Lightspeed RSU program (we are all owners)
• Unlimited paid time off policy
• Flexible working policy
• Health insurance
• Health and wellness benefits
• Possibility for transit fees to be covered
• Paid leave assistance for new parents
• Linkedin learning
• Volunteer day

To all recruitment agencies: Lightspeed does not accept unsolicited agency resumes. If we have not directly engaged your company in writing to supply candidates for a specific vacancy, Lightspeed will not be responsible for any fees related to unsolicited resumes.

Lightspeed is a proud equal opportunity employer and we are committed to creating an inclusive and barrier-free workplace. Lightspeed welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Where to from here?
Obviously, this has to be mutually beneficial: we want you to step into a role you love, and we want to offer you a place you’re proud to come to every day. For a glimpse into our world check out our career page here.

Lightspeed is building communities through commerce, and we need people from all backgrounds and lived experiences to do that. We were founded in 2005, in Montreal’s gay village and our original members were all part of the LGBTQ+ community. The ethos of our business has been about inclusion from the very beginning, and we strive to provide a workplace where everyone belongs.

Who we are:
Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the company serves retail, hospitality, and golf businesses in over 100 countries.

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