Portfolio Manager, Lending

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

Job summary

An established industry player is seeking a Portfolio Manager for its Financial Services team. This role is pivotal in managing the Merchant Cash Advance portfolio, focusing on yield optimization and market expansion. You will assess risks, ensure compliance with servicing policies, and drive process enhancements. The position offers a unique opportunity to work closely with global stakeholders and make impactful decisions. Join a dynamic team in a company that values growth and innovation, providing a supportive environment where your contributions will be recognized and rewarded. If you're ready to take your career to the next level, this is the opportunity for you.

Benefits

Unlimited paid time off policy

Health insurance

Health and wellness benefits

Possibility for transit fees to be covered

Paid leave assistance for new parents

Linkedin learning

Lightspeed RSU program

Qualifications

• 6+ years in strategic finance, capital markets or banking.
• Practical understanding of data science and SQL.
• Experience in setting up forward flow programs.

Responsibilities

• Manage the Merchant Cash Advance portfolio and assess risk.
• Identify market share opportunities while balancing growth and risk.
• Negotiate legal agreements with investors and manage relationships.

Skills

Strategic finance

Capital markets

Banking

Data science

SQL

Negotiation

Education

Bachelor's degree in Finance or related field

Tools

Financial modeling software

Job description

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.
• Health insurance.
• Health and wellness benefits.
• Possibility for transit fees to be covered.
• Paid leave assistance for new parents.
• Linkedin learning.

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.

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.