General Manager, Venture & Private Equity

Flex

1d • $275,000 - $325,000

About The Position

Flex is hiring a General Manager to build and run its venture and private equity business, with end-to-end ownership of the sector’s strategy, relationships, partnerships, product priorities, and P&L. The goal is to make Flex the primary financial institution for venture and private equity firms and their portfolio companies. The role builds on Flex’s platform, balance sheet, and teams, while product, credit, risk, and member experience teams execute and service alongside the General Manager. The position reports directly to the CEO.

The role is modeled on sector coverage at an investment bank. The General Manager identifies high-value relationships and partnerships that can bring many owners to Flex, determines what products are needed to win them, and owns relationships with general partners, fund CFOs, operating partners, fund administrators, and fund-finance lenders. Funds are viewed as an efficient channel for bringing portfolio companies and their owners onto Flex.

The position is available in San Francisco, Miami, New York, or fully remote. Compensation includes a base salary of $275,000–$325,000, adjusted for location and experience; variable compensation targeted at 100% of base and tied to sector revenue, with no ceiling; eligible equity compensation; and a guaranteed variable component during the first year while the book is built, agreed at offer. Flex also offers medical, dental, and vision insurance, paid time off, and a 401(k) plan. Applications are accepted on an ongoing basis until the position is filled.

Requirements

• 7 to 12 years in investment banking, private credit, private equity, venture, or a senior commercial role inside venture and private equity (the posting’s Requirements section separately refers to construction).
• Demonstrable record of originating business, rather than servicing it.
• An active network in venture and private equity (the Requirements section separately refers to construction), with the ability to identify key contacts and reach most of them.
• Fluency in how funds and portfolio companies move money, including capital calls and distributions, portfolio treasury and credit, operating-partner priorities, and portfolio CFO requirements for moving a banking relationship.
• Ability to structure partnerships, negotiate referral economics, and work through a term sheet independently.
• Ability to build financial models, banker-level Excel skills, and a working understanding of the unit economics of deposits, cards, and credit.

Nice To Haves

• Experience in fintech, banking, or lending, or selling a financial product to business owners.
• A public or industry standing in venture and private equity, such as through a podcast, newsletter, conference stage, or trade-body board seat.
• Investing, advisory, or operating experience in a company in venture and private equity.

Responsibilities

• Build and run Flex’s venture and private equity business, owning its strategy, relationships, partnerships, product priorities, and P&L.
• Make Flex the primary financial institution for venture and private equity firms and their portfolio companies.
• Identify and cultivate the relationships and partnerships that can bring large numbers of business owners onto Flex.
• Determine the products and capabilities needed to win sector relationships, working alongside product, credit, risk, and member experience teams.
• Own relationships with general partners, fund CFOs, operating partners, fund administrators, and fund-finance lenders.
• Prepare an application one-pager outlining the sector and its owners, banking needs, key relationships, first three partnership opportunities, a two-year investment and return case, and a plan and team for building the business.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Paid time off
• 401(k) plan
• Equity compensation eligibility
• Variable compensation targeted at 100% of base, tied to sector revenue with no ceiling
• Guaranteed variable component during the first year while the book is built, agreed at offer

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed