BDM – Manufacturing Asset Finance – South of Birmingham £120,000 to £180,000 year 2 earnings

Close Brothers Asset Finance Ltd
Category
Job ID
2753
Country
United Kingdom
Location
E Midlands, SE England, W Midlands
Salary Range
£50/60k

Description

Our client a leading asset financier for whom we have placed many high achieving business developers not just in the UK but also in roles in Europe are seeking an additional Business Development Manager based South of Birmingham to drive manufacturing asset finance business.

Whilst you will inherit some customers on your sales area we are seeking applications from genuine new business hunters who know how to canvass for direct business and can sell at rates of ideally 11.0% nominal and above.

Our client are experts in the financing of manufacturing assets both new and used and whilst average deals sizes are £120,000 current deals in flow exceed £2m.

Expectations are realistic, ideally they seek you to deliver a minimum of £6m a year of originations but would be relaxed enough to allow you to the end of year 2 to deliver this annual number.

Your rewards will be superb.

You are paid commission monthly in arears with no hurdle to cross before you earn and with higher rates of commission paid depending on the nominal rate you sell out at. ( we are happy to disclose the various commission rates to applicants that we wish to put forward )

In addition to monthly paid bonuses you start to qualify for year end paid annual bonuses when you have achieved £6m in volume. ( again we are happy to disclose the value of these and at what volumes they are triggered to applicants we wish to put forward )

Selling out at an average of 11.0% nominal and an average term of 60 months and based on a median salary of £55,000 would earn you the following

  • For £4m of volume £71,650
  • For £6m of volume £120,000
  • For £12m of volume £182,000

Do note , we have excluded the 20% commission you receive of all documentation fees of over £300 per deal from the figures above as we don’t want to assume how effective you may be at selling doc fees , but an average 1% doc on just £6m of volume assuming an average deal size of £120,000 would earn you a further £12,000 a year in addition to the above.

Earnings are wholly uncapped and of course all usual large company benefits are of course provided including a company car.

Leading performers at our client are writing > £20m a year some to £25m and earning considerably over £300,000 , this could be you in 3 years time !

Candidate Profile

To apply you should be living anywhere from Northern Home Counties North to just South of Birmingham as far East as Cambridge or as as far West as Oxford. It is you rather than your location that matters.

We are seeking those with a background in hard asset finance and of course with a record of success and a genuine new business hunter mentality.

We seek those who are not frightened of asking customers to pay the same rates as leading brokers go out at every day of the week and indeed higher if you can do this and generate your own deals then you are very probably what we are looking for.

You must be also professional , organised , hard working , focussed and have a treat customers fairly mentality but most of all you must be driven to want to enjoy a high and totally uncapped earnings.

This opportunity is the nearest thing to being a self employed lease broker in terms of income but with none of the risks of having no salary and no benefits.

If you are someone who has the skills to strike out on your own and would like 90% of the same earning benefits but with a good salary , excellent benefits and , if you want it , superb career development potential we are keen to talk with you.

 

 

 

 

 

 

 

Job Package

Salary £50,000-£60,000 , realistic year 2 earnings £120,000 - £180,000 , plus wholly uncapped earnings plus excellent class leading benefits.

Posted on

April 21, 2022

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