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Sr Renewal Analyst 1730

Position Summary 

Are you passionate about ensuring customer success and driving revenue retention? As a Sr. Renewal Analyst, you'll play a crucial role in managing subscription renewals, optimizing retention rates, and fostering strong client relationships. You'll handle high-level customer escalations, terminations, contract disputes, and other issues that threaten customer retention, working tirelessly to drive them to resolution. 


Responsibilities 

-Forecasting: Keep an accurate rolling 9-month forecast of renewals to support strategic decision-making. 

-Team Leadership: Lead the Renewals team with day-to-day requests, providing process guidance, ensuring data quality, and managing complex deals. 

-Renewal Management: Drive the renewal process for customer contracts, proactively engage with clients to negotiate renewal terms, and ensure high customer retention rates. 

-Reporting: Build and maintain reports for key metrics like renewal revenue, bookings, retention rate, and overall customer health. Track success through metrics such as client engagement scores and measures of churn. 

-Process Improvement: Champion impactful process improvements and automation. Develop playbooks for renewal engagement to maximize revenue retention. 

-Data Insights: Extract insights from renewal data and recommend tactics for improvement. Monitor churn, contraction, and growth trends within the customer base and report findings to senior roles. 

-Sales Collaboration: Work closely with sales teams to maximize revenue generation from existing customers. Enhance the sales team’s effectiveness through data, automation, and product analytics. 


Qualifications: Knowledge, Skills, & Abilities 

-Problem-Solving Skills: Ability to work on varied and routine problems, exercising judgment within defined procedures. 

-Relationship Building: Build productive internal/external working relationships to resolve mutual problems by collaborating on procedures or transactions. 

-Experience: Bachelor’s degree and 4-6 years of relevant professional experience (or equivalent work experience), preferably within an Enterprise SaaS organization. 

-Skills: Familiarity with Salesforce and enterprise SaaS tools. Strong analytical ability, prioritization skills, and ability to teach best practices. 

 


MeridianLink has a wonderful culture where people value the work they do and appreciate each other for their contributions. We develop our employees so they can grow professionally by preferring to promote from within. We have an open-door policy with direct access to executives; we want to hear your ideas and what you think. Our company believes that to be productive in the long term, we must have a genuine work-life balance. We understand that employees have families and full lives outside of the office. To that end, we honor their personal commitments.

MeridianLink is an Equal Opportunity Employer. We do not discriminate based on race, religion, color, sex, age, national origin, disability, or any other characteristic protected by applicable law.

MeridianLink runs a comprehensive background check, credit check, and drug test as part of our offer process.

Salary range of $85,900 - $121,300. [It is not typical for offers to be made at or near the top of the range.] The actual salary will be determined based on experience and other job-related factors permitted by law including geographical location.

Meridianlink offers:

Potential For Equity-Based Awards

Insurance coverage (medical, dental, vision, life, and disability)

Robust paid time off

Paid holidays

401(k) plan with company match

Remote work

All compensation and benefits are subject to the terms and conditions of the underlying plans or programs, as applicable and as may be amended, terminated, or superseded from time to time.

#LI-REMOTE

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Average salary estimate

$103600 / YEARLY (est.)
min
max
$85900K
$121300K

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What You Should Know About Sr Renewal Analyst 1730, MeridianLink

Are you ready to take the next step in your career? As a Senior Renewal Analyst at MeridianLink, you will be at the forefront of ensuring customer success and driving revenue retention. This pivotal role involves managing subscription renewals, engaging with clients to negotiate terms, and resolving high-level escalations that could impact customer relationships. Your day-to-day will include leading your team through various requests, ensuring data quality, and handling complex deals with finesse. You’ll be responsible for maintaining an accurate forecast of renewals, which aids in strategic decisions that assist in the company's growth. Reporting will become second nature to you as you track key metrics like renewal revenue and customer health, allowing you to extract valuable insights for continuous improvement. You’ll need to collaborate closely with sales teams, providing them with data and analytics that enhance their effectiveness to maximize revenue from existing customers. At MeridianLink, we believe in the power of our people and invest significantly in their development and career growth. We’re committed to fostering a culture where feedback is valued, and work-life balance is prioritized. If you have a Bachelor’s degree with 4-6 years of experience in an enterprise SaaS organization, and are skilled in Salesforce, this opportunity might be the perfect fit for you. Join us and help shape our future while enjoying competitive salary packages and robust benefits!

Frequently Asked Questions (FAQs) for Sr Renewal Analyst 1730 Role at MeridianLink
What are the core responsibilities of a Senior Renewal Analyst at MeridianLink?

As a Senior Renewal Analyst at MeridianLink, your core responsibilities include managing subscription renewals, driving the renewal process for customer contracts, and ensuring high customer retention rates. You will also be responsible for forecasting renewals, leading the renewals team, maintaining key reporting metrics, and championing process improvements that optimize retention strategies.

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What qualifications are needed for a Senior Renewal Analyst position at MeridianLink?

To qualify for the Senior Renewal Analyst position at MeridianLink, candidates should possess a Bachelor’s degree along with 4-6 years of relevant professional experience, ideally within an Enterprise SaaS environment. Familiarity with Salesforce, strong analytical skills, and effective relationship-building abilities are vital for success in this role.

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How does MeridianLink support professional growth for Senior Renewal Analysts?

MeridianLink is dedicated to the professional growth of its employees, especially Senior Renewal Analysts. The company promotes from within and offers a culture that encourages employees to share their ideas and feedback with executives. This open-door policy fosters a supportive environment where personal and professional development is prioritized.

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What does the compensation package look like for a Senior Renewal Analyst at MeridianLink?

The salary range for a Senior Renewal Analyst at MeridianLink is between $85,900 and $121,300, depending on experience and geographical location. The company also offers equity-based awards, comprehensive insurance coverage, robust paid time off, a 401(k) plan with a company match, and the flexibility of remote work.

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What skills are essential for a Senior Renewal Analyst working at MeridianLink?

Essential skills for a Senior Renewal Analyst at MeridianLink include strong analytical abilities, problem-solving skills, prioritization capabilities, and effective communication for relationship building. Proficiency in Salesforce and familiarity with enterprise SaaS tools are also critical to excel in this role.

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Common Interview Questions for Sr Renewal Analyst 1730
Can you describe your experience with subscription renewals in your previous roles?

Be prepared to detail specific experiences where you successfully managed subscription renewals. Discuss the challenges you faced, how you addressed customer concerns, and ultimately the outcomes you achieved that contributed to retention.

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How do you prioritize your responsibilities when managing multiple customer accounts?

Demonstrate your organizational skills by explaining your prioritization strategy. Discuss methods like using CRM tools to track deadlines and customer needs, and be specific about how you ensure no account is neglected.

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What strategies do you use to resolve contract disputes with clients?

Share your approach to conflict resolution. Provide examples of past disputes and your methods for engaging customers, negotiating terms, and finding mutually beneficial solutions while maintaining a positive relationship.

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How do you track key metrics related to customer retention?

Outline your experience with reporting and data analysis, indicating specific tools or methodologies you’ve employed. Highlight how you’ve leveraged these metrics to drive decisions or improve processes.

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Describe a time when you implemented a process improvement that enhanced customer retention.

Provide a concrete example of a process improvement initiative you've led. Explain your thought process, the steps you took, and the measurable results that followed in terms of retention rates.

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How do you foster relationships with clients to ensure continued engagement?

Discuss your relationship-building strategies, such as regular check-ins, personalized communications, and how you adjust your approach based on individual client needs to maintain high engagement levels.

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What tools have you used to manage renewals and forecast future revenue?

Be specific about the tools you’ve used, like Salesforce or other CRM platforms. Explain how you used these tools to manage your workflow, forecast renewals, and achieve successful outcomes.

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How do you handle a situation where a customer is considering not renewing their contract?

Talk about your proactive engagement approach, emphasizing listening to the client’s concerns and working collaboratively to address issues. Show your understanding of customer value and relationship management.

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What techniques do you find most effective for negotiating contract terms?

Articulate your negotiation philosophy and techniques, emphasizing flexibility, understanding the customer’s perspective, and finding win-win solutions that benefit both the client and the company.

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How do you keep your team motivated and focused on renewal goals?

Share your leadership style and how you engage your team in setting and achieving goals. Provide examples of how you foster a positive team environment and drive performance through recognition and support.

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DATE POSTED
March 18, 2025

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