Job Description

Position Summary: The Business Development Officer (BDO) represents Triumph's Factoring Division in the local and regional markets in which they are located.  The BDO’s primary responsibility is sourcing new business through referral relationships that they establish via their own efforts.  The secondary responsibility is client retention and ensuring that competitors are identified and defeated. The BDO is expected to demonstrate the highest level of sales and professional abilities to ensure accuracy and precision of the sales and client retention process.  BDOs earn commission based on the revenue generated by the accounts they fund.


  • Responsible for selling factoring products to prospective Triumph Factoring customers.

  • Responsible for maintaining a relationship with clients to ensure their retention during competitive pressures and during contract renewal period.

  • Responsible for pricing new business to meet yield targets as well as pricing existing clients for growth, retention and to combat competitive pressures.

  • Performs independent sales process:

  • Makes direct contact with prospective customers to determine factoring needs;

  • Conducts initial due diligence on prospective customers; and

  • Initiates finalization process of deal with customers.

  • Makes direct contact with prospective customers via leads generated through the BDO’s referral sources and from customer inquiries that come to Triumph Factoring from time to time, which are forwarded to the BDO for pursuit.

  • Continually searches for new referral sources (both paid and not paid) to further expand Triumph Factoring's referral network. Said referral sources are required to be loaded into the CRM.

  • Continually scans sales market and competitors in the market area. Ensures uniformity of message across the product line, but also suggests new approaches when market conditions change or when competitors use new tactics.

  • Uses customer relationship management (CRM) technology to maintain database of customer contacts and referral sources along with appropriate notes and data.

  • Generates and provides various sales reports to management.

  • Performs other duties as assigned.

  • Required travel ~50%


The successful candidate will possess business operations experience and skills, leadership and management expertise, analytical and critical thinking skills, attention to detail.  Additionally, the ideal candidate should possess the following:

  • Bachelor's Degree in Business is preferred or equivalent years of experience.

  • 5 years of direct, outside sales experience required, factoring sales preferred.

  • Formal sales training completion preferred.

  • Evidence of previous sales success and strong work ethic.

  • Possesses competence and understanding of financial products and services.


Application Instructions

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