As we near the wrap up of this financial year, our management team announce promotions, team growth, launches new internal structure and updated flexible working practices for the business.
Business growth is super-charged to further support the requirements of civil construction, earthmoving agriculture and manufacturing businesses across NSW who are financing more equipment to expand their services.
“In many of the industries we work across including construction, there was little downtime during the pandemic and business demand increased over this period for plant & equipment funding due to government stimulus and tax incentives. While international supply and manufacturing issues halted the new equipment market it gave airtime to a huge preowned market which saw a renaissance across the country in 2021.
During the first half of 2021, 35% of the assets we financed were for preowned equipment. This doubled in the second half to over 70%” explains Magnolia Lane Director Will Overman
New Client Services team
The overall volume growth in loans plus the additional compliance required for preowned equipment saw the operations team flex to accommodate this. A team of Client Services Representatives have been introduced across both the Sydney and Orange offices.
Recently promoted Head of Operations, Gayathri Iyer leads the team with big plans to continue the internal systems modernisation and expansion to further enhance capabilities.
“Industry and business requirements over the last year expedited the development of our processes and 2022 will be the year we continue to enhance our client experience through our systems by aligning, refining and continuing the modernisation.”
Broker Team expansion and new marketing function
The structure of the Broker Team expands with additional layers to support the client journey and strengthen the personal development opportunities. The Broker Teams in both locations will be led by Sales Directors’ Liam Finnane (Orange) and Josh Bridges (Sydney) who bring significant experience and expertise across civil construction, earthmoving, agriculture and manufacturing lending and are both greatly recognised within this space across NSW.
“The last couple of years have been pivotal for our industry and it’s exciting to see how we’re developing our business to suit. As well as the opportunity to further enhance the experience for our clients, we’re both very passionate about developing the skills of our ever-growing brokering teams”
says Liam Finnane, Sales Director Sydney.
Promotions to Senior Finance Broker for Harry Cummins, Harry Nemeth and Chris Sugiono and new recruits in both locations has further grown the broker teams.
In parallel, the business is heavily investing in the brand with the appointment of Hayley Webb, Head of Marketing to lead this development. “Magnolia Lane supports the growth of business across some of the most exciting industries in Australia and I can’t wait to share the inspiring stories of the businesses we partner with. The opportunity for our brand to pioneer in this somewhat untapped marketing space is exciting.”
Improved flexible working
To accommodate a balanced hybrid working environment and following feedback from staff surveys, the company directors have worked closely with HR partners, Partale to launch a new flexible working policy for their staff. The contemporary policy includes working from home options, capped meeting hours to suit flexible working hours and weekly onsite days for deeper team collaboration.
We are currently recruiting across our Broker, Operations and Marketing teams., please contact Partale for more information.