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Account Executive

Magnify is the next-generation automation platform for the post-sales experience-- we grow revenue and reduce churn for software companies without adding headcount. Magnify identifies and orchestrates the next-best-step for software companies' users across all their digital customers, growing the 90% of revenue that comes after the initial sale.

 

Magnify uses machine learning along with a sophisticated orchestration engine to transform that experience to drive adoption, retention, and expansion for our customers. The opportunity is massive and untapped by current solutions.‍


Magnify's customers are enterprise software companies, usually used by the Chief Customer Officers and their organizations and/or the Growth Marketing teams.


Magnify is a fast-moving startup backed by top-tier investors including Madrona and Decibel, with a veteran leadership team.


About the role

The Enterprise Account Executive role at Magnify provides a unique opportunity - we’re looking for talented and ambitious Account Executives who can both manage a high velocity sales cycle while also navigating a strategic sales process. This role will be the founding member of the Sales team, providing a unique opportunity to build a sales function in a new category. This role will report to the CEO.


This role will have mix of activities, including engaging with interested prospects, managing sales cycles to help potential customers evaluate our product, closing revenue from a mix of inbound and outbound leads, and working with our CSM team to ensure a seamless transition to our platform for new customers.  In addition, the AE will provide input into sales processes and systems.


What You Will Do
  • Become a product expert across our entire platform
  • Understand customer needs and use cases in detail
  • Sell into our largest, most strategic prospects
  • Run sales calls with short deck presentations, detailed discovery, and customized product demos
  • Work cross-functionally with our sales engineering and sales consultant teams providing feedback and details on prospect needs
  • Utilize MEDDPICC sales methodology strategically prepare for calls, advance prospects in the sales process and accurately forecast revenue
  • Manage pipeline in Salesforce to accurately forecast revenue on a monthly basis
  • Close business and achieve quota attainment consistently


What You Will Need
  • BA/BS Degree5+ years sales experience, particularly in SaaS markets selling B2B, ideally experience in the post-sales space
  • Experience carrying a $1M+ annual quota
  • Experience of success (top 10% of sales org) Experience selling HRIS/HCM software and/or selling security related products
  • Ability to thrive in a fast paced environment
  • Strong communication - ability to establish a quick rapport with prospects
  • Proven track record of success


Magnify is a values driven culture, we aspire to be among the tech industry's most inclusive work environments. We are committed to diversity in our workforce and are a proud equal opportunity employer. We do not make hiring or employment decisions on the basis of race, color, religion, creed, gender, national origin, age, sex, gender expression or identity, sexual orientation, or disability status, marital status, or veteran status.



Average salary estimate

$125000 / YEARLY (est.)
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What You Should Know About Account Executive, Magnify

Join Magnify as an Enterprise Account Executive and become a key player in defining the future of our groundbreaking automation platform tailored for the post-sales experience. At Magnify, we empower software companies to grow their revenue and minimize churn without expanding their workforce. In this role, you’ll be challenged and rewarded as you engage with talented prospects and manage dynamic sales cycles that help them discover how our machine learning technology can elevate their customer success strategies. You will have the unique opportunity to be the founding member of our Sales team, reporting directly to the CEO and playing a crucial role in building out our sales function. Your responsibilities will include becoming a product expert, conducting engaging sales calls, and collaborating closely with our Customer Success Management team to ensure seamless onboarding for new clients. Your insights will help shape our sales processes while you manage your pipeline in Salesforce and deliver consistently against your revenue goals. If you’re an ambitious sales professional with a passion for SaaS and a track record of meeting and exceeding quotas, Magnify is the place for you to grow and make an impact!

Frequently Asked Questions (FAQs) for Account Executive Role at Magnify
What does an Account Executive do at Magnify?

The Account Executive at Magnify plays a pivotal role in driving sales growth by engaging prospects, managing sales cycles, and closing deals. This role requires a deep understanding of customer needs, the ability to conduct effective product demonstrations, and collaborative efforts with other teams to ensure client success.

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What qualifications are required for the Account Executive position at Magnify?

Candidates should possess a BA/BS degree and have a minimum of 5 years of sales experience in SaaS, especially in B2B environments. Successful candidates have experience managing a significant sales quota and are skilled in navigating high-velocity and strategic sales cycles.

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How does Magnify support its Account Executives in achieving their sales targets?

At Magnify, we provide robust resources and training, enabling Account Executives to become product experts. You will also receive sales consulting and engineering support to enhance your selling strategies and ensure seamless transitions for new customers.

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What sales methodology is used by Magnify's Account Executives?

Magnify employs the MEDDPICC sales methodology, which aids our Account Executives in strategically preparing for calls, advancing prospects through the sales funnel, and achieving accurate revenue forecasts, ensuring every step of the process is optimized for success.

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What is the work culture like at Magnify for Account Executives?

Magnify boasts a values-driven culture that emphasizes inclusion, diversity, and collaboration. As an Account Executive, you will thrive in a fast-paced environment that fosters professional growth and encourages innovative thinking to meet client needs.

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What are the main responsibilities of an Account Executive at Magnify?

Main responsibilities include managing your sales pipeline, engaging with prospects through presentations and demos, coordinating with multiple departments, and consistently achieving set quotas—all while being a part of shaping an essential sales function.

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What types of clients does Magnify serve through its Account Executives?

Magnify primarily works with enterprise software companies, particularly targeting Chief Customer Officers and Growth Marketing teams in need of innovative solutions to improve customer retention and maximize post-sales revenue.

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Common Interview Questions for Account Executive
What strategies would you use to approach high-velocity sales cycles as an Account Executive at Magnify?

To approach high-velocity sales cycles effectively, I would prioritize understanding the customer's pain points, tailor my presentations to address those needs, and utilize the MEDDPICC framework to navigate the sales process efficiently while maintaining clear communication at every stage.

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Can you describe your experience with the SaaS model and how it has prepared you for the Account Executive role at Magnify?

My experience in SaaS sales encompasses engaging with B2B clients, understanding usage patterns, and adapting solutions to maximize user engagement. This background has equipped me with the skills necessary to address the unique challenges faced by enterprise software companies, which is essential for excelling at Magnify.

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How would you establish rapport with prospects as an Account Executive at Magnify?

Building rapport starts with active listening and understanding your prospect's business challenges. I would use open-ended questions to encourage dialogue, demonstrate genuine interest in their goals, and share relevant insights that position Magnify as a valuable partner.

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What experiences do you have with managing a large sales pipeline?

I have successfully managed sales pipelines that included numerous leads by implementing CRM tools, forecasting potential revenue, and staying organized to ensure timely follow-ups. This has allowed me to prioritize high-value opportunities and consistently meet or exceed my sales targets.

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Explain how you would tailor your product demonstrations for various clients at Magnify.

To tailor product demonstrations effectively, I would first conduct a thorough discovery session to understand the client's unique needs and demographics. Based on this information, I would customize my presentations to directly address their challenges, demonstrating how Magnify’s platform adds value specifically to their business.

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Discuss a time when you overcame a significant objection from a prospective client.

In a previous role, I faced an objection regarding our pricing model. I took the opportunity to discuss the long-term ROI and support that accompanied our solution, providing case studies of similar organizations that had seen substantial growth in revenue after implementation, which turned the conversation around.

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What tools do you utilize for sales tracking and reporting?

I regularly utilize Salesforce for tracking my sales pipeline, along with analytical tools that provide insights into sales metrics and performance. These tools enable me to make data-driven decisions and adjust my strategies as necessary to meet my targets.

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How do you prioritize leads when managing a mixed sales funnel?

I categorize leads based on engagement lifecycle and potential business impact. By prioritizing leads that show higher levels of interest or fit our ideal customer profile, I can allocate my time and resources more effectively to close deals faster.

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What role does collaboration play in your sales process?

Collaboration is crucial in my sales process. By working closely with teams like Customer Success and Marketing, I leverage their insights to enhance presentations and understand customer needs better, ensuring a cohesive approach to onboarding and relationship building.

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How do you stay updated on market trends and competitor products relevant to Magnify?

I stay updated through a combination of subscribing to industry publications, attending relevant conferences, engaging with online communities, and regularly conducting competitive analysis to understand where Magnify stands against competitors and how we can evolve our value proposition.

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Full-time, remote
DATE POSTED
November 25, 2024

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