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Marketing Business Development Associate

Masterworks

Masterworks

Marketing & Communications, Sales & Business Development
New York, USA
Posted on Sep 27, 2024

About Masterworks:

Masterworks is a fintech platform that allows anyone to invest in SEC-qualified shares of multi-million dollar paintings by names like Banksy, Basquiat, and Picasso. In just three short years, we have built a portfolio of nearly $1 billion in world-class artworks, introducing over 900,000 individuals to the $2.2 trillion art market.

Masterworks has been covered by major media publications such as The New York Times, CNBC, The Wall Street Journal, and the Financial Times, and was recently recognized as one of the Top 50 Startups in the US by LinkedIn.

In 2021, Masterworks achieved unicorn status raising $110M in its Series A fundraising round at a valuation exceeding $1 billion.

Our 150+ employees are based out of our offices at Brookfield Place in the Financial District of New York City. With an entirely in-office team, there are endless opportunities for collaboration, innovation, and learning.

Why Masterworks?

  • Do you thrive on disruption?
  • Do you want to live at the cutting edge of finance, technology, and art?
  • Are you passionate about democratizing alternative investments?
  • Do you enjoy meaningful work that has a noticeable impact on business performance?

If you answered “Yes” to any of the above, we’d love to hear from you!

Team Overview:

We have a team of five business development individuals focused on finding financial advisor partnerships. The team reports into our marketing organization and works closely with product and senior leadership.

Position Overview:

At Masterworks, we help investors allocate a portion (usually less than 5% initially) of their portfolio to blue chip art. To help with the remainder of the investors’ portfolios (such as stocks, bonds, and other investments), we connect them with 3rd party financial advisors in exchange for a referral fee.

Masterworks is seeking a driven and focused salesperson or financial advisor familiar with the world of registered investment advisors (RIAs). You will play a crucial role in establishing and maintaining our network of advisors.

Our ideal candidate is experienced with CRMs, outreach, sales, and negotiation. This is an excellent opportunity for someone who is passionate about partnerships and thrives in a fast-paced, collaborative environment.

Key Responsibilities:

  • Outreach to financial advisors
  • Sales and contract negotiation
  • Partner onboarding
  • Account management
  • Staying organized in our CRM system (Hubspot)
  • Contributing ideas to daily meetings

Requirements and Preferred Skill Sets:

  • 2+ years of experience in wealth management and/or sales
  • Proficiency in Google Suite, Excel, and CRMs
  • Bachelor’s degree in finance, business, or similar disciplines preferred
  • Experience and deep understanding of the RIA space preferred

Measurement of Success within 60 days:

  • Onboard 50 independent financial advisors to our network with 30-day free trials

Benefits at Masterworks:

  • Daily catered lunches
  • Free admission to art museums and galleries
  • Health, dental, and vision coverage with FSA options
  • PTO and 401k
  • Discounted Equinox membership
  • Happy hours, company outings, social clubs, and more!

How does Masterworks think about compensation?

The compensation range for the role is $60-80k (inclusive only of base salary and exclusive of other competitive benefits). Our ranges are very broad to accommodate all types of candidates and encourage growth. Specific compensation offered to a candidate may be dependent on factors such as education, experience, qualifications, and alignment with market data. Exceptional candidates may receive salaries outside of the posted ranges.