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Renewal Specialist – North America

Company DescriptionNexthink is the leader in digital employee experience management software. The company provides IT leaders with unprecedented insight allowing them to see, diagnose and fix issues at scale impacting employees anywhere, with any application or network, before employees notice the issue. As the first solution to allow IT to progress from reactive problem solving to proactive optimization, Nexthink enables its more than 1,200 customers to provide better digital experiences to more than 15 million employees. Dual headquartered in Lausanne, Switzerland and Boston, Massachusetts, Nexthink has nine offices worldwide.Job DescriptionJoin our Global Sales Operations team at Nexthink, the leader in Digital Employee Experience. This unique opportunity involves managing the renewal process of contracts and subscriptions between Nexthink and its Partners and Customers. Your primary focus will be on retaining and increasing subscription revenue on existing customer accounts.The role is based from our Boston Office for a 2 days minimum per week work from the office.Key Responsibilities:1. Contract Renewals: Collaborate with clients to understand their needs, negotiate contract renewal terms and maximize renewal rates. Drive relevant activities to ensure timely and accurate completion of all necessary paperwork, including Quotes and Order processing. Establish a framework and process to track, manage, and maximize renewal contracts.2. Client Communication: Maintain regular communication with clients throughout the renewal process, including contacting and follow-up with customers and partners to ensure a seamless experience. Address any concerns or questions they may have and provide information on the benefits of renewal.3. Customer Retention: Work to retain existing customers by building and maintaining strong relationships. Identify opportunities for upselling or cross-selling additional products or services.4. Data Analysis: Analyze customer usage patterns, satisfaction levels, and other relevant data to identify potential risks or opportunities for renewal. Use this data to create strategies for improving customer retention.5. Negotiation: Skillfully negotiate terms, pricing, and contract details with clients to ensure a win-win situation for both the company and the customer.6. Documentation: Maintain accurate and up-to-date records of all client interactions, contract details, including Terms & Conditions, and renewal processes. Ensure that all documentation complies with company policies and industry regulations.7. Collaboration: Work closely with sales, marketing, and customer support teams to gather information, address customer concerns, and streamline the renewal process.8. Forecasting & Reporting: Provide accurate forecasting, generate reports on renewal metrics, including renewal rates, and customer satisfaction scores. Present findings to management to inform decision-making and strategy development.9. Customer Education: Educate clients on the value of continuing their relationship with the company, highlighting any new features, benefits, or improvements that have been made since their initial contract.Qualifications• 5+ years experience in a similar position.• Strong business acumen, superior negotiation skills, and a customer service mindset are a must.• Experience in a SaaS company; high growth Scale-up experience is a plus.• Highly organized, with attention to details.• Demonstrates effective teamwork, independence, and a proactive, energetic approach, showcasing resourcefulness and success in a fast-paced environment.• Salesforce experience is a plus.Additional InformationWe are the pioneers and trailblazers of a global IT Market Category (DEX) that is shaping the future of how the world works, giving our customers’ IT Teams total digital visibility across their enterprise. Our innovative solutions integrate real-time analytics, automation, and employee feedback across all endpoints. This enables our IT teams to solve complex technical challenges, create ever more productive workplaces, and deliver happy, satisfied employees in the digital workplace.With over 1000 employees across 5 continents, Nexthink operates as One Team, connecting, collaborating and innovating to continuously grow. We call our employees ‘Nexthinkers’ and our commitment to diversity, inclusion, and equity is second to none. We currently have over 75 nationalities working with us, from all cultures and backgrounds, speaking many different languages.Total Rewards @ NexthinkAt Nexthink, we offer one of the most comprehensive and generous benefits plans. Your total rewards compensation package includes base salary and may also include a commission or performance bonus plan, as well as equity. We provide our US employees with 100% covered company benefits that consist of health, dental, vision as well as access to life insurance, long-term disability, and accidental death/personal loss coverage.In addition, we offer:• 🏖️ Flexible Hours and unlimited vacation (employees have unlimited paid time off on top of the 15 days of holidays we offer), 11 company-paid holidays, and 3 extra days for volunteering.• 🏡 Hybrid work model that balances office and remote work, with structured onboarding to foster connections and team integration.• 📚 Free access to professional training platforms to explore your interests and enhance your skills.• 🍼 Up to 16 weeks of paid leave for birthing parents/primary caregivers, 6 weeks for secondary caregivers.• 💰 Plan for the future with a 401(k) plan featuring up to 4% company matching contributions, vesting immediately, to grow your retirement savings.• 📣 Bonuses for referring successful hires after three months of continuous employment.Base salary ranges are determined by country, role, level, experience, and skills. The range displayed on each job posting reflects Nexthink’s good faith determination of the minimum and maximum targets for new hire salaries across all US locations. Individual pay is determined by related factors, including job skills, experience, and relevant education or training, which may impact a final offer. Your Talent Acquisition Partner can share more about the specific salary range during the hiring process.
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What You Should Know About Renewal Specialist – North America, Nexthink

At Nexthink, a leader in Digital Employee Experience management, we're looking for a Renewal Specialist for our Boston office. In this role, you will play a crucial part in managing the renewal process of contracts and subscriptions, ensuring our valued partners and customers have a seamless experience as they continue their journey with us. With over 15 million employees benefiting from our solutions, this position will allow you to work closely with clients, understanding their needs and building lasting relationships. You’ll negotiate contract renewal terms, analyze client usage patterns to identify renewal opportunities, and work collaboratively with our sales and support teams to retain existing customers. The role demands a proactive mindset, excellent organizational skills, and the ability to provide valuable insights into customer satisfaction and retention strategies. Plus, with our hybrid work model, you will have the flexibility to balance office time with remote work, ensuring you can thrive both personally and professionally. At Nexthink, we value innovation and teamwork, so if you're excited about the opportunity to contribute to a pioneering company in the IT market, we would love to have you on our Global Sales Operations team as our Renewal Specialist.

Frequently Asked Questions (FAQs) for Renewal Specialist – North America Role at Nexthink
What are the key responsibilities of a Renewal Specialist at Nexthink?

As a Renewal Specialist at Nexthink, your key responsibilities will include managing the contract renewal process, maintaining regular communication with clients, retaining existing customers, analyzing data to identify renewal risks, and negotiating contract terms. You will collaborate closely with our sales and support teams to ensure a seamless experience for our partners and customers.

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What qualifications are required for the Renewal Specialist role at Nexthink?

To excel as a Renewal Specialist at Nexthink, candidates should have over 5 years of experience in a similar position, strong negotiation skills, and a customer service mindset. Experience in a SaaS company is preferred, along with a proactive approach and the ability to work in a fast-paced environment. Familiarity with Salesforce is a plus.

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How does a Renewal Specialist contribute to customer retention at Nexthink?

At Nexthink, a Renewal Specialist plays a vital role in customer retention by building strong relationships with clients, identifying upselling opportunities, and ensuring that customer needs are met. By closely analyzing customer usage and satisfaction, you can mitigate risks and develop strategies that enhance the overall customer experience.

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What is the work environment like for a Renewal Specialist at Nexthink?

The work environment for a Renewal Specialist at Nexthink is dynamic and collaborative, encouraging teamwork across various departments. With a hybrid work model, you'll enjoy flexibility while engaging in face-to-face interactions in our Boston office. The culture promotes innovation and inclusivity, making it a great place to thrive.

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What benefits does Nexthink offer for Renewal Specialists?

Nexthink offers a comprehensive benefits package for Renewal Specialists, which includes unlimited vacation, flexible hours, professional training opportunities, and generous health benefits. Employees also enjoy 401(k) matching, paid parental leave, and a collaborative work environment that fosters diversity and inclusion.

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Common Interview Questions for Renewal Specialist – North America
Can you tell us about your negotiation experience as a Renewal Specialist?

When answering this question, emphasize specific negotiation situations you've handled, your approach, and the results achieved. Highlight your ability to create win-win scenarios and elaborate on how effective communication played a key role in successful negotiations.

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How do you manage relationships with clients during the renewal process?

Discuss your strategies for maintaining strong client relationships, such as setting regular check-ins, addressing their needs proactively, and providing updates on product enhancements. Share examples of how you’ve turned challenges into opportunities for engagement and success.

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What tools or methods do you use to analyze customer data?

Mention specific tools (like Salesforce) or methodologies you apply for customer data analysis. Describe how you leverage this data to inform your renewal strategies and improve customer satisfaction, showcasing your analytical skills.

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How do you handle dissatisfied customers during renewal discussions?

Explain your approach to managing dissatisfied customers by emphasizing active listening, empathy, and problem-solving skills. Provide examples of how you’ve turned such situations around to retain the customer and foster loyalty.

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Can you describe a successful upselling experience?

Share a specific instance where you successfully identified an upselling opportunity and acted on it. Discuss the approach you took, the rationale behind your recommendations, and the outcome, showcasing your ability to add value to existing contracts.

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How do you prioritize your tasks during the renewal process?

Talk about your organizational skills and how you assess urgency and importance in your tasks. Discuss using tools like task managers or calendars to optimize your time and ensure timely renewals.

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What strategies do you implement to ensure timely contract renewals?

Discuss proactive strategies such as setting reminders, automating follow-ups with clients, and keeping detailed records of renewal deadlines. Share how these practices help you achieve high renewal rates consistently.

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How do you stay updated on product offerings to effectively communicate with clients?

Explain how you actively seek information about product updates through internal newsletters, team meetings, and training sessions. Stress the importance of understanding product offerings to confidently discuss benefits with clients.

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What do you think is the most challenging aspect of a Renewal Specialist's role?

Identify a specific challenge, like managing client expectations or navigating complex negotiations, and explain how you approach these issues. Reflect on your problem-solving capabilities and adaptability in overcoming such challenges.

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Why do you want to work at Nexthink as a Renewal Specialist?

Craft a response that ties your values and career goals to Nexthink's mission and culture. Express enthusiasm for being part of a team that prioritizes customer experience and innovation, and align your professional aspirations with what Nexthink stands for.

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Experience is Everything – It’s in our DNA We think experience and people matter the most. In fact, we’re not just the leader in the digital employee experience management category, we invented the category. At the end of the day, we get to say we...

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DATE POSTED
December 14, 2024

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