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Account Executive - Named Accounts, Banking and Wealth

At Plaid, our mission is to unlock financial freedom for everyone.  There has never been a better time than now to start building the future of fintech with us. Plaid powers the tools millions of people rely on to live a healthier financial life. We work with thousands of companies like Venmo, SoFi, and Betterment, several of the Fortune 500, and many of the largest banks to make it easy for people to connect their financial accounts to the apps and services they want to use. Plaid’s network covers 12,000 financial institutions across the US, Canada, UK and Europe. Founded in 2013, the company is headquartered in San Francisco with offices in New York, Washington D.C., London and Amsterdam. #LI-Remote


Our Sales team combines deep product and industry knowledge and is focused on bringing Plaid to an ever-broadening set of businesses. Our thesis is that every company in financial services, and most specifically the Banks themselves, can benefit from better technology and access to data. 


This person would work with leading banks throughout North America to help enable their transformation to deliver incredible digital and consumer experiences to their customers, at the scale and quality needed by the largest banks.  


Your focus will be on developing & leading large, complex new enterprise deals and building strong, long-lasting relationships with the banks to execute on their vision. Furthermore, you'll help shape how we engage, design and build products for the best brands in banking.



Responsibilities
  • Identify potential customers and run the end-to-end sales process
  • Build and maintain relationships with enterprises, from executives to product teams and to developers
  • Work with our sales and marketing teams to define and execute our sales strategy


Qualifications
  • Significant experience (10+ years of quota-carrying experience) in a new-revenue role and a strong track record of closing enterprise-level deals (5+ years focused on Financial Institutions) with large target customers
  • Strong prospecting, qualifying, and negotiating skills; consultative sales approach with a product-centric mindset
  • Experience working with sales development and deploying a vertical focused revenue strategy
  • Interest in financial services products and a desire to create strategic relationships that help our customers succeed
  • Excitement to work in a high-growth environment and to help build processes and tools as needed
  • Desire to get (more) technical and the ability to learn the ins and outs of Plaid's APIs


$155,000 - $165,000 a year
Target base salary for this role is between $155,000 and $165,000 per year. Additional compensation in the form(s) of equity and/or commission are dependent on the position offered. Plaid provides a comprehensive benefit plan, including medical, dental, vision, and 401(k). Pay is based on factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience and skillset, and location. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans. 

Our mission at Plaid is to unlock financial freedom for everyone. To support that mission, we seek to build a diverse team of driven individuals who care deeply about making the financial ecosystem more equitable. We recognize that strong qualifications can come from both prior work experiences and lived experiences. We encourage you to apply to a role even if your experience doesn't fully match the job description. We are always looking for team members that will bring something unique to Plaid! Plaid is proud to be an equal opportunity employer and values diversity at our company. We do not discriminate based on race, color, national origin, ethnicity, religion or religious belief, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, military or veteran status, disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state, and local laws. Plaid is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance with your application or interviews due to a disability, please let us know at accommodations@plaid.com. Please review our Candidate Privacy Notice here.


Our mission at Plaid is to unlock financial freedom for everyone. To support that mission, we seek to build a diverse team of driven individuals who care deeply about making the financial ecosystem more equitable. We recognize that strong qualifications can come from both prior work experiences and lived experiences. We encourage you to apply to a role even if your experience doesn't fully match the job description. We are always looking for team members that will bring something unique to Plaid!


Plaid is proud to be an equal opportunity employer and values diversity at our company. We do not discriminate based on race, color, national origin, ethnicity, religion or religious belief, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, military or veteran status, disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state, and local laws. Plaid is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance with your application or interviews due to a disability, please let us know at accommodations@plaid.com.


Please review our Candidate Privacy Notice here.

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Average salary estimate

$160000 / YEARLY (est.)
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$155000K
$165000K

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What You Should Know About Account Executive - Named Accounts, Banking and Wealth, Plaid

At Plaid, we’re on a mission to unlock financial freedom for everyone, and we want you to be a key player in this journey as an Account Executive - Named Accounts, Banking and Wealth. If you’re excited about the intersection of finance and technology, then you’ll fit right in! You’ll work with some of the leading banks in North America to transform their services into incredible digital experiences. In this role, you’ll take charge of developing and leading large, complex deals, building lasting relationships with banks, and helping them harness the power of Plaid's APIs. You'll identify potential customers, manage the sales process from start to finish, and collaborate with our sales and marketing teams to develop effective strategies. With over 10 years of quota-carrying experience, including a focus on financial institutions, you’ll be instrumental in driving our mission forward. Plus, at Plaid, we believe that strong qualifications can come from various backgrounds, so even if you don’t perfectly match every requirement, your experience and perspective may be just what we need. Join us as we work to create a more equitable financial ecosystem for everyone!

Frequently Asked Questions (FAQs) for Account Executive - Named Accounts, Banking and Wealth Role at Plaid
What are the key responsibilities of an Account Executive - Named Accounts at Plaid?

As an Account Executive - Named Accounts at Plaid, you'll be responsible for identifying potential customers and managing the end-to-end sales process. This includes building and maintaining relationships with key enterprise clients, from executives to product teams and developers. You will also work collaboratively with our sales and marketing teams to develop and implement effective sales strategies tailored for the banking and wealth sector.

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What qualifications do I need to become an Account Executive - Named Accounts at Plaid?

To qualify for the Account Executive - Named Accounts position at Plaid, you typically need a strong background with at least 10 years of experience in a quota-carrying sales role, particularly with large financial institutions. Demonstrated success in closing complex enterprise-level deals and strong consultative sales skills are essential. Familiarity with financial services products and a passion for forging strategic relationships in this sector will also set you apart.

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How does Plaid support diversity and inclusion in hiring for the Account Executive role?

Plaid is committed to building a diverse team and recognizes that strong qualifications can come from various experiences. We encourage applicants for the Account Executive - Named Accounts position to apply even if their experiences don't fully match the job description. Our inclusive hiring process values candidates’ unique perspectives, and we do not discriminate based on various characteristics including race, gender, or disability.

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What is the salary range for an Account Executive - Named Accounts at Plaid?

The target base salary for the Account Executive - Named Accounts position at Plaid typically ranges from $155,000 to $165,000 per year. Additionally, the total compensation package may include equity and commission, which can depend on the specific position and the skills of the candidate.

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What is the company culture like at Plaid for the Account Executive position?

Plaid fosters an engaging and collaborative company culture that promotes innovation and the sharing of ideas. As an Account Executive - Named Accounts, you'll be part of a dynamic Sales team that combines deep product knowledge with an enthusiasm for helping banks enhance their customer experiences. Our culture supports ongoing learning and development, encouraging team members to contribute creatively to building new processes and tools.

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Common Interview Questions for Account Executive - Named Accounts, Banking and Wealth
How do you approach building relationships with clients in the banking sector?

When answering this question, emphasize your experience in networking and relationship management. Discuss specific strategies you've used to create and maintain strong connections with key stakeholders. Share examples of how you've tailored your approach to meet the needs and objectives of the banks you worked with.

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Can you describe a successful deal you've closed with a financial institution?

Highlight a specific deal where you played a key role, detailing the challenges you faced, the steps you took, and the final outcome. Focus on your ability to navigate complex negotiations and how you aligned your solution with the client’s objectives, showcasing your consultative sales approach.

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What do you know about Plaid's products and services?

Demonstrating your knowledge about Plaid’s offerings is essential. Discuss how Plaid enables users to connect their financial accounts with apps seamlessly, emphasizing your understanding of the value this brings to banks and financial institutions in enhancing customer experiences.

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How do you stay organized while managing multiple large accounts?

Explain your methods for prioritization and time management. Mention tools or strategies you use to keep track of tasks and progress with each account, and emphasize your ability to remain proactive and responsive to client needs without losing sight of deadlines.

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What is your experience with consultative sales in a technical environment?

Share specific examples of how you've employed a consultative sales approach in previous roles, especially where technical solutions were involved. Discuss how you effectively clarified product features and aligned them with the client's requirements to facilitate a buy-in.

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How would you handle difficult objections from a bank executive during a sales meeting?

Address this by discussing the importance of listening attentively to the executive's concerns, validating their points, and responding with data or case studies that alleviate their reservations. Share a previous experience that demonstrates your skills in overcoming objections constructively.

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What strategies would you use to identify new prospects in the banking industry?

Talk about various strategies you might employ, such as market research, attending industry events, leveraging LinkedIn, or utilizing existing networks. Discuss how you would tailor your prospecting approach to align with Plaid's mission and value proposition.

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Describe a time when you had to collaborate with cross-functional teams. How did you ensure success?

Provide an example where you collaborated with marketing, product, or engineering teams. Emphasize how you communicated objectives, leveraged each team's strengths, and aligned efforts toward a common goal to ensure the project’s success.

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How would you align Plaid's API capabilities with a bank's digital transformation goals?

Discuss your understanding of digital transformation in banking, emphasizing the role of data access and user experience. Explain how you would initiate conversations with bank executives about leveraging Plaid's API features to enhance their services.

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Why do you want to work for Plaid as an Account Executive?

In your response, express your passion for fintech and how Plaid’s mission aligns with your personal and professional values. Share your enthusiasm for playing a role in transforming banking experiences and fostering financial freedom for everyone.

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Plaid’s mission is to unlock financial freedom for everyone.

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DATE POSTED
March 28, 2025

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