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Strategic Account Executive

At LyRise, we are dedicated to transforming the AI landscape by connecting businesses with top-tier AI talent. We are seeking an AI Sales Engineer to join our team and help drive our mission forward.

Key Account Management

  1. Oversee and nurture relationships with high-value clients, acting as the primary point of contact for strategic accounts to ensure satisfaction and retention.
  2. Identify opportunities to expand services within existing accounts and implement account plans to meet growth targets and boost revenue.
  3. Understand client objectives, challenges, and industry trends to advocate for tailored solutions aligned with their goals.

End-to-End Sales Cycle Ownership

  1. Own the entire sales process from lead qualification to deal closure and invoicing, coordinating with internal teams for timely proposals and contract delivery.
  2. Lead client negotiations, secure favorable terms, and ensure agreements meet both client expectations and company profitability goals.
  3. Manage the invoicing process, collaborate with Finance to ensure timely payments, and resolve billing issues.

Strategic Planning and Business Development

  1. Develop and track comprehensive account plans outlining objectives, strategies, and actions for key accounts.
  2. Monitor industry developments, market trends, and competitors to identify new business opportunities and inform strategies.
  3. Proactively introduce additional LyRise services to clients, customizing proposals to demonstrate value.

Cross-Functional Collaboration

  1. Collaborate with Product Development, Talent Acquisition, Operations, and Marketing teams to ensure seamless service delivery.
  2. Provide client feedback to refine products and services, and participate in roadmap discussions to represent client interests.
  3. Oversee client projects to ensure timely delivery and alignment with scope and expectations.

Performance Management and Reporting

  1. Monitor key metrics on account growth, client satisfaction, and revenue targets to inform strategic adjustments.
  2. Prepare and present reports on account performance, pipeline status, and actionable insights to senior management.
  3. Maintain accurate account data to contribute to reliable revenue forecasting.

Relationship Building and Networking

  1. Build long-term relationships with stakeholders and decision-makers, scheduling regular performance reviews and exploring new opportunities.
  2. Represent LyRise at industry events and conferences, expanding professional networks to identify potential partnerships.

Contract and Compliance Management

  1. Lead contract negotiations to secure favorable terms, ensuring compliance with legal and regulatory standards.
  2. Proactively manage contract renewals and identify opportunities for expansion.
  3. Maintain detailed records of client interactions, agreements, and changes.

Team Leadership and Mentorship

  1. Mentor Account Executives on managing complex accounts and share best practices to enhance team performance.
  2. Foster a collaborative sales environment to encourage knowledge sharing and innovative strategies.

Customer Success and Retention

  1. Monitor satisfaction levels, address client concerns promptly, and implement strategies to maintain strong relationships.
  2. Identify at-risk accounts and develop retention strategies with Customer Success teams to improve service delivery.

Continuous Improvement and Professional Development

  1. Identify inefficiencies in account management processes and implement improvements to enhance client satisfaction.
  2. Stay updated on industry trends, pursue relevant training, and earn certifications to advance skills and expertise.
  1. Collaborate with top professionals in the AI and tech industries.
  2. Work on groundbreaking AI technologies in an innovative, team-oriented environment.
  3. Enjoy flexible remote work options and a supportive company culture.
  4. Benefit from a competitive salary and perks.

Average salary estimate

$100000 / YEARLY (est.)
min
max
$80000K
$120000K

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 Strategic Account Executive, Lyrise

At LyRise, our ambition is clear – we aim to reshape the AI landscape by connecting businesses with elite AI talent. We’re on the lookout for a Strategic Account Executive to play a pivotal role in our mission. As a Strategic Account Executive, you'll be the key to overseeing and nurturing valuable client relationships. This means you’ll act as the go-to person for our high-value accounts, making sure they feel satisfied and supported every step of the way. You’ll delve into understanding their objectives and challenges, helping us tailor solutions that hit the mark. In this role, you’ll own the entire sales process, from lead qualification through to deal closure. Your negotiation skills will be put to the test as you navigate securing fantastic terms for our clients while keeping an eye on profitability for LyRise. You’ll also get to work directly with various teams like Product Development and Marketing, ensuring that our services meet and exceed client expectations. Monitoring industry trends will also be part of your daily routine, as you identify new business opportunities that align with our growth strategies. Your role will extend to building long-term relationships, mentoring fellow team members, and continuously improving our processes. If you're ready to dive deep into the AI and tech industry, work alongside top professionals while enjoying the luxury of flexible remote work, then LyRise is the place for you. Join us and benefit from a competitive salary and a vibrant company culture that champions innovation and teamwork.

Frequently Asked Questions (FAQs) for Strategic Account Executive Role at Lyrise
What are the main responsibilities of a Strategic Account Executive at LyRise?

As a Strategic Account Executive at LyRise, your responsibilities will include managing relationships with high-value clients, overseeing the entire sales process from lead qualification to deal closure, and collaborating across teams to ensure client satisfaction. You'll identify growth opportunities, develop comprehensive account plans, and maintain key metrics on account performance to drive strategic adjustments.

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What qualifications are needed to become a Strategic Account Executive at LyRise?

To become a Strategic Account Executive at LyRise, candidates typically need a strong background in sales, excellent communication skills, and a deep understanding of client management. Experience in technology or AI industries is advantageous, along with a proven track record of meeting targets and managing complex accounts effectively.

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How does the performance of a Strategic Account Executive get evaluated at LyRise?

Performance for a Strategic Account Executive at LyRise is evaluated based on key metrics such as account growth, client satisfaction levels, and achievement of revenue targets. Regular reporting on account performance, pipeline status, and actionable insights to senior management also plays a significant role in performance evaluations.

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What can I expect from the work culture at LyRise as a Strategic Account Executive?

At LyRise, you can expect a dynamic and team-oriented work culture that emphasizes innovation and collaboration. The company values flexible remote work, promotes continuous professional development, and encourages mentorship among team members, fostering an environment where everyone can thrive.

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What opportunities for career growth are available for a Strategic Account Executive at LyRise?

A Strategic Account Executive at LyRise has numerous opportunities for career growth, including mentoring roles, leadership positions, and chances to refine skills through training and certifications. The collaborative environment and commitment to continuous improvement provide an excellent platform for professional advancement.

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Common Interview Questions for Strategic Account Executive
How do you prioritize client accounts in your role as a Strategic Account Executive?

When prioritizing client accounts, it’s essential to assess their potential value, urgency of needs, and the depth of the relationship. Utilize metrics and feedback to focus on high-potential accounts while ensuring that all clients receive timely attention. Sharing your process with interviewers can highlight your organizational skills.

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Can you describe a time when you successfully turned around a difficult client relationship?

Share a specific instance where active listening and tailored solutions helped rebuild trust and satisfaction. Outline how you identified the underlying issues and engaged the client with proactive communication and actions. This showcases your problem-solving abilities and relationship management skills.

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What strategies would you use to identify upselling opportunities within existing accounts?

Discuss methods like regular check-ins to understand the evolving needs of clients, analyzing usage patterns, and keeping an eye on market trends for relevant services. Emphasize the importance of customizing proposals to show clear value, reassuring interviewers of your sales acumen.

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How do you approach negotiations to secure favorable terms for your company and clients?

Articulate your negotiation strategy, such as preparing thoroughly, understanding both parties' needs, and seeking win-win solutions. Highlight the importance of flexibility and creativity in negotiations, which can leave interviewers confident in your capacity to achieve beneficial outcomes.

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What role does feedback from clients play in your account management strategy?

Client feedback is vital in refining processes and services. Share how you regularly solicit feedback, analyze it for trends, and implement changes accordingly. Providing examples of how past feedback led to significant improvements can demonstrate your proactive approach.

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Describe your experience with cross-functional collaboration.

Highlight specific examples of working with departments like Product Development and Marketing. Discuss how collaboration helped you overcome challenges and deliver better service to clients, emphasizing your teamwork and communication skills.

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What metrics do you consider most important for assessing account performance?

Identify key metrics such as account growth, client satisfaction scores, and revenue data. Explain how you use these metrics to inform strategic decisions, showcasing your analytical mindset and focus on results.

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How do you handle clients who are hesitant to expand their services?

Demonstrate your ability to listen and address concerns directly. Discuss how you would provide insights into the potential benefits of expansion, based on industry trends and successful case studies, showing that you can engage clients effectively.

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Can you explain the importance of continuous learning in the field of account management?

Illustrate your commitment to continuous improvement by mentioning your ongoing education, attending industry events, or pursuing relevant certifications. Explain how staying updated on trends and skills directly benefits your clients and company.

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What do you believe sets LyRise apart from other companies in terms of client relations?

Discuss specific aspects of LyRise’s approach, such as its dedication to innovation, personalization in service delivery, and fostering genuine long-term relationships. Show that you've researched the company and align with its values, reassuring interviewers of your fit.

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EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
December 24, 2024

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