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Business Development Representative

Who we are: First Street is the industry standard for physical climate risk data. We use transparent and peer-reviewed methodologies to calculate the past, present, and future climate risk for every property in the world. We started eight years ago by working with the world’s leading climate scientists to create groundbreaking, climate-adjusted, property specific models and haven’t stopped. 

Our mission: We exist to connect climate change to financial risk

Our data: We create physics-based, deterministic models of flooding, wildfire and hurricanes, and advanced statistical models of extreme heat, air quality, drought, hail, severe convective storms, winter storms, and more. All of this data is used to create property-level financial risk metrics and macroeconomic variables to quantify the impacts of climate change. 

Our customers: We empower governments at the highest levels to make smart regulations, businesses to avoid bad investments, and everyday Americans to understand their personal risk from climate change. We are relied on every day by:

  • Agencies ranging from the U.S. Department of Treasury to Fannie Mae

  • The world's biggest banks such as Bank of America and Wells Fargo 

  • Institutional investors like Nuveen and Blackstone 

  • Millions of users on Redfin, Realtor.com, Homes.com, and more 

We believe:  Our work needs to match the pace and scope of the climate problem. This is why we have invested tens of millions of dollars into our science, data, people, and products and have raised tens of millions more to move even faster.  Read more about our culture here.

Come join us and use your talents to create solutions to address humanity's biggest problem.

Team & Role Overview: 

We’re looking for a motivated Business Development Representative (BDR) to join First Street as a member of our sales team. You will be responsible for identifying and qualifying potential customers, partnering with Account Executives  to build pipeline and drive revenue growth. You will work closely with the sales and marketing teams to develop and execute on strategies to expand our market reach and drive our mission forward. 

As a member of the sales team, you will be the first point of contact for potential customers, making this a critical role in our sales process. This position requires a passionate, urgent and positive individual who can communicate the importance of our mission and contribute to our growth. 

What you’ll do: 

  • Lead Generation & Qualification

    • Identify and research potential customers in priority verticals (including banks, asset owners, REITs, and asset managers) through various channels such as LinkedIn, industry events, and online resources

    • Execute outbound lead generation through emails, calls, LinkedIn and industry events to engage prospects and schedule discovery meetings for Account Executives

    • Triage and respond to inbound leads generated through our website, webinars or other events

    • Qualify leads in an initial call / meeting and determine their potential fit and value to First Street

    • Incorporate First Street’s press releases, national risk reports and case studies into outreach materials for priority customers

    • Consistently achieve or exceed monthly and quarterly lead generation targets. (This is a quota-carrying sales role with a strong focus on qualified lead generation.)

  • Account Executive Support

    • Closely partner with Account Executives to develop and execute targeted research, outreach and sales strategies reflecting specific business needs and use cases for our target verticals and personas

    • Conduct research on specific named accounts - to understand their climate needs, current initiatives, and key individuals and decision makers

    • Identify and engage high-potential prospects beyond existing channels, uncovering new opportunities to drive business growth

  • Customer Management & Reporting

    • Maintain accurate and up-to-date records of all lead gen, qualification, and account executive activities, as well as your customer interactions in the CRM system (HubSpot)

    • Interpret key performance metrics (emails sent, calls logged, meetings booked, conversion), highlight results to management and make beneficial adjustments. We want you spending time on the most impactful and productive activities - those that lead to meetings and ultimately ARR (Annual Recurring Revenue)

  • Continuous Development

    • Stay informed on industry trends, competitive landscape, and First Street’s product offerings to effectively communicate our value proposition

    • Participate in sales meetings, training sessions, and team-building activities to continuously improve sales skills and knowledge

What you’ll need: 

  • 1-3 years of experience in a business development or sales role, preferably in the financial services, technology or data industry

  • Strong communication and interpersonal skills, with the ability to build relationships and influence decision makers 

  • Excellent organization and time management skills, with the ability to manage multiple tasks and priorities

  • Self-motivated and driven, with a strong work ethic and desire to success in a fast-paced, high-energy environment

  • Proficiency with CRM software and other sales tools

  • Curiosity and willingness to learn about climate change and First Street’s product offerings

  • Education minimum requirement - Bachelor’s degree in a relevant discipline

What will make you stand out: 

  • Experience in working with technology companies in the banking, asset owner or asset management verticals

  • An analytical mindset with the ability to understand and communicate complex technical solutions

  • A proven passion for making the world a better place through climate action

  • Demonstrated success in achieving or exceeding sales targets and KPIs

  • Strong research skills and the ability to quickly gather and synthesize information about potential customers

How we work: 

  • Impact: We only focus on things that move the needle 

  • Drive: We are driven by the role we play in connecting climate change to financial risk 

  • Ownership: This is our company and we act accordingly

  • Urgency: We move quickly because the world depends on it 

  • Resilience: We have a growth mindset in all that we do

What we offer: 

  • Competitive salary commensurate with experience 

  • Ownership interest in the company via Employee Stock Option Plan 

  • Hybrid Schedule with in-office work days on Monday, Wednesday and Thursday 

  • 15 vacation days along with 13 company holidays and 10 sick days 

  • Health benefits covered at 100% for employee or a significant contribution for family plans 

  • Vision and dental benefits with partial employee contribution

  • 12 weeks of paid parental leave 

  • Access to One Medical, Teledoc, HealthAdvocate, Kindbody, and Talkspace

  • Company 401k program 

  • Commuter benefits 

  • Life Insurance

  • Tech startup environment 

  • Weekly team meals and an office stocked with coffee and snacks 

  • Working on the world’s biggest issue with other passionate professionals 

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Business Development Representative, First Street

Are you ready to tackle one of humanity's greatest challenges? Join us at First Street as a Business Development Representative in the vibrant heart of New York City. At First Street, we lead the charge as the industry standard for physical climate risk data. Our mission revolves around directly linking climate change to financial risk through innovative, physics-based models that empower crucial stakeholders from governments to individual homeowners. As a BDR, you'll play a pivotal role by identifying and qualifying potential customers who can benefit from our groundbreaking solutions. You will collaborate closely with our talented Account Executives and marketing team to create strategies that not only expand our market presence but also further contribute to our mission of confronting climate change. You’ll reach out to prospects in key sectors like banks and asset management firms, guiding them on the importance of understanding their climate risk. This position is a fantastic opportunity for those who are motivated, passionate, and eager to influence positive change while developing their sales career in a fast-paced, supportive environment. Here, you’ll be equipped with the knowledge and tools to make a real difference while enjoying a competitive salary and a range of benefits that revolve around your well-being and growth. So, if you’re looking for a place where your efforts genuinely matter and align with your values, First Street is where you belong!

Frequently Asked Questions (FAQs) for Business Development Representative Role at First Street
What are the main responsibilities of a Business Development Representative at First Street?

As a Business Development Representative at First Street, your primary responsibilities will include identifying and qualifying potential customers, executing lead generation through various channels, and supporting Account Executives. You’ll leverage outreach strategies to drive revenue growth and manage the initial communication with prospects, ensuring they understand the value of First Street's climate risk data.

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What skills and qualifications are required for the Business Development Representative role at First Street?

To be successful as a Business Development Representative at First Street, candidates should possess 1-3 years of experience in sales, particularly in the technology or financial services sectors. Strong communication, organizational, and time management skills are essential, along with proficiency in CRM software. A Bachelor’s degree in a relevant discipline is also required to help you excel in understanding and relaying complex information regarding climate risk.

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How does the Business Development Representative contribute to the mission of First Street?

The Business Development Representative plays a crucial role in advancing First Street's mission by actively engaging potential clients and clarifying the importance of understanding climate risk data. By generating and qualifying leads, you directly contribute to helping organizations make informed, impactful decisions concerning climate action, thereby linking climate change to financial resilience.

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What does the career progression look like for a Business Development Representative at First Street?

At First Street, a Business Development Representative has ample opportunities for career progression. Performance in lead generation and relationship-building can pave the way towards advanced roles such as Account Executive or positions within sales management. The focus on personal and professional growth ensures that you are supported in developing your skills and advancing your career.

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What kind of workplace culture can a Business Development Representative expect at First Street?

First Street fosters a collaborative, inclusive, and fast-paced workplace culture. As a Business Development Representative, you’ll be surrounded by passionate professionals who share a commitment to making a difference in combatting climate change. The emphasis on teamwork, impact, and ownership ensures that everyone contributes meaningfully while enjoying a supportive environment with opportunities for fun and team-building activities.

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Common Interview Questions for Business Development Representative
Can you describe your experience with lead generation?

Highlight any specific tools or methods you've used for lead generation, such as CRM software or social media outreach. A strong answer demonstrates your proactive approach and results-driven mindset, explaining how you effectively identified leads in previous roles.

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How do you prioritize your leads and manage your time?

Discuss your strategy for evaluating leads based on their potential value and urgency. Emphasizing your organizational skills and willingness to adjust your focus based on results demonstrates adaptability and efficiency—qualities valued at First Street.

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What motivates you about working in sales within the climate risk space?

Express your passion for climate action and how it aligns with First Street's mission. Highlighting your desire to contribute to a meaningful cause will resonate well with the values of the company and show your commitment.

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How would you engage a prospect who is skeptical about climate risk data?

Use specific examples to illustrate how you would present data-driven insights and case studies to build credibility. It's essential to demonstrate your ability to communicate complex information in an accessible way and to reassure prospects about the significance of understanding their climate risks.

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What strategies would you use to find new leads?

Provide examples of outreach strategies you've employed—such as attending industry events, networking on LinkedIn, or conducting market research. Showing initiative in lead generation reflects the proactive mindset that First Street values.

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Describe a time when you exceeded a sales target.

Share a specific success story that outlines the target, your approach to achieving it, and the results. This demonstrates your capability and competitive spirit, which are vital for a Business Development Representative at First Street.

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What tools and software have you used in previous sales roles?

Make sure to mention relevant CRM software, data analysis tools, and other sales platforms you've used in your background. This indicates your preparedness and familiarity with the technologies that will help you perform well at First Street.

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How do you handle rejection in sales?

Talk about your resilience and strategies for maintaining motivation after setbacks. Highlight how you learn from each rejection to refine your approach—which aligns with First Street's value of resilience and growth.

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What do you know about First Street and its products?

Demonstrating knowledge of First Street’s mission, products, and impact will show your genuine interest in the position. Share insights about their climate risk models and why they are crucial for potential customers.

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What will you bring to the Business Development Representative role at First Street?

Outline your unique capabilities and experiences that align with the role. Emphasizing your strong communication skills, desire to drive climate action, and previous experience in related industries will showcase your fit for First Street.

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Full-time, hybrid
DATE POSTED
December 24, 2024

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