General Manager, Venture & Private Equity
Operations · Full-time
United States · Remote
USD 275k-325k / year + Equity
About The Role
Flex is hiring a General Manager to build and run its venture and private equity business. You own the sector end to end: the strategy for winning it, the relationships and partnerships that open it, the product priorities it needs, and the P&L it produces. You build on Flex’s platform, balance sheet and teams, and you are responsible for making Flex the primary financial institution for venture and private equity.
The role is modeled on sector coverage at an investment bank. You decide which relationships matter, which partnerships can move hundreds of owners onto Flex at once, and what the product must deliver to win them. Flex’s product, credit, risk and member experience teams execute and service alongside you. The role reports directly to the CEO.
Funds are the most efficient path to hundreds of owners at once. A sponsor that standardizes its portfolio on Flex, or a venture firm whose founders bank with Flex from their first wire, delivers in one decision what would otherwise take a hundred. The decision sits with general partners, fund CFOs, operating partners, fund administrators and fund-finance lenders. The General Manager owns those relationships.
What You'll Do
7 to 12 years in investment banking, private credit, private equity, venture, or a senior commercial seat inside venture and private equity. You have a demonstrable record of originating business, not servicing it.
An active network in venture and private equity. You can name the 50 people who matter and most of them would take your call this week.
Fluent in how funds and their portfolio companies move money: capital calls and distributions, portfolio treasury and credit, operating-partner priorities, and what a portfolio CFO requires to move a banking relationship.
Comfortable structuring partnerships, negotiating referral economics, and working through a term sheet without support.
You build your own models. Banker-level Excel and a working understanding of the unit economics of deposits, cards and credit.
Requirements
7 to 12 years in investment banking, private credit, private equity, venture, or a senior commercial seat inside construction. You have a demonstrable record of originating business, not servicing it.
An active network in construction. You can name the 50 people who matter and most of them would take your call this week.
Fluent in how contractors are paid and where their capital gets tied up: margins, working capital, pay applications, retainage, bonding, and who lends against each.
Comfortable structuring partnerships, negotiating referral economics, and working through a term sheet without support.
You build your own models. Banker-level Excel 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 standing in venture and private equity: a podcast, a newsletter, a conference stage, or a board seat at a trade body.
Investing, advisory or operating experience in a company in venture and private equity.
How To Prepare
The sector and its owners. Who they are, how many of them fall in Flex’s range, how they make money and where their capital gets tied up.
What they need from a bank. The products and terms that would make owners in the sector move their primary relationship, and in what order.
The map. The 20 to 30 people and institutions that move the sector, and how many of them you know personally.
The first three partnerships. The programs that would put hundreds of owners on Flex at once, and why each counterparty would say yes.
The investment and the return. A light P&L for the sector: what Flex would need to put in over the first two years (people, product, partnership economics, marketing) and how that investment comes back, in the form of owners banking with Flex and the revenue they produce. We are looking for the shape of the business and the logic behind it.
The plan and the team. How you will build this out and what you will need to do it.
As part of the application, please be prepared to submit a one-pager along with your CV on how you would bring venture and private equity to Flex. It should cover:
275000 - 325000 USD a year
Compensation follows the coverage-banking model: a base that allows you to build the book without pressure to pursue the wrong relationships, and variable tied to what your sector produces for Flex, with no ceiling.
Base salary. $275,000 to $325,000, adjusted for location and experience.
Variable. Targeted at 100% of base. Paid on the revenue your sector generates, including owners sourced through your partnerships.
Equity. Eligible for equity compensation
First year. A guaranteed variable component while the book is built, agreed at offer.
Final compensation within this range will be based on experience, qualifications, and interview performance. This position is also eligible for equity compensation. Flex offers medical, dental and vision insurance, paid time off, and a 401(k) plan. Applications will be accepted on an ongoing basis until the position is filled.