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Sales Manager, SMB

We believe that the way people interact with their finances will drastically improve in the next few years. We’re dedicated to empowering this transformation by building the tools and experiences that thousands of developers use to create their own products. Plaid powers the tools millions of people rely on to live a healthier financial life. We work with thousands of companies like Venmo, SoFi, 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.


We are the SMB Sales team, a core part of Plaid’s mission to unlock financial freedom for everyone. We believe that by empowering small and medium-sized businesses, we contribute directly to creating a more inclusive and accessible financial ecosystem. Our team is dedicated to building meaningful relationships with our clients, providing innovative solutions that drive growth, and ensuring that Plaid's products enable businesses to thrive. We work collaboratively across teams to meet ambitious revenue goals, all while fostering a culture of continuous learning and development to align with Plaid's vision of financial accessibility and empowerment.


As a Sales Manager, you will lead a team of Account Executives, driving them toward achieving ambitious revenue targets. You will focus on developing talent within your team, fostering a high-performance culture, and ensuring each team member has the resources they need to succeed. You will leverage your deep understanding of transactional and strategic sales cycles to guide your team through new customer acquisitions and account management in a hyper-growth environment.


Responsibilities
  • Lead, coach, and develop a team of SMB Account Executives to consistently meet and exceed revenue targets.
  • Drive a high-performing sales culture, focusing on accountability, skill development, and goal alignment.
  • Collaborate cross-functionally to streamline processes and optimize sales strategies, ensuring seamless execution.
  • Oversee both new customer acquisition and existing account management, creating tailored approaches to meet diverse client needs.
  • Develop and implement strategic plans to address team performance gaps and maximize individual and team impact.
  • Act as a critical thinker and problem-solver, utilizing key business levers to achieve targeted outcomes.
  • Foster an inclusive environment that supports team development and celebrates achievements.


Qualifications
  • Must-Have Requirements:
  • 5+ years of experience in sales, including selling and managing both transactional and strategic deal cycles.
  • Proven success working cross-functionally to drive business outcomes.
  • A track record of developing talent and enhancing team performance.
  • Demonstrated critical thinking and problem-solving abilities, especially in hyper-growth businesses.
  • Hands-on experience in new customer acquisition and install-base account management.
  • Nice-to-Have Requirements:
  • Prior team management experience with a focus on revenue-driven outcomes.


$106,550 - $181,440 a year
Target base salary for this role is between $106,550 and $181,440 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.

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Average salary estimate

$143995 / YEARLY (est.)
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$106550K
$181440K

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What You Should Know About Sales Manager, SMB, Plaid

At Plaid, we’re on a mission to unlock financial freedom for everyone, and we're looking for a Sales Manager for our SMB team based in Raleigh. This role is perfect for someone passionate about empowering small and medium-sized businesses while driving innovative solutions that lead to their growth. In this position, you'll lead a team of Account Executives, coaching them to hit ambitious revenue targets. You'll cultivate a high-performance culture that thrives on accountability and skill development, ensuring every team member has the necessary tools and resources to succeed. Collaboration is key; you'll work across various teams, streamlining processes and optimizing sales strategies to enhance execution and client satisfaction. Your experience in transactional and strategic sales cycles will be invaluable as you guide your team through the nuances of new customer acquisitions and effective account management. You’ll develop and implement strategic plans to address any performance gaps, all while celebrating team achievements and fostering an inclusive environment. If you’re ready to impact the financial ecosystem and lead a dynamic team toward success, this is the place for you at Plaid, where we believe in building meaningful relationships that contribute to widespread financial accessibility.

Frequently Asked Questions (FAQs) for Sales Manager, SMB Role at Plaid
What are the primary responsibilities of a Sales Manager at Plaid?

As a Sales Manager at Plaid, your key responsibilities include leading and coaching a skilled team of Account Executives, focusing on achieving revenue targets, and developing a high-performance sales culture. You will oversee both new customer acquisition and existing account management, working collaboratively to streamline processes and optimize sales strategies.

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What qualifications are required for the Sales Manager position at Plaid?

To qualify for the Sales Manager position at Plaid, candidates should have a minimum of 5 years of sales experience, including managing transactional and strategic deal cycles. Experience in team management, a proven track record of developing talent, and critical thinking abilities in a hyper-growth setting are essential.

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How does Plaid define success for the Sales Manager role?

Success for the Sales Manager role at Plaid is defined by the ability to lead your team to consistently meet and exceed revenue targets. Effective coaching, strategic planning to address performance gaps, and successfully collaborating across departments will also contribute to your success.

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What type of sales culture does Plaid promote for its Sales Manager position?

Plaid promotes a high-performing sales culture for its Sales Manager position, emphasizing accountability, skill development, and goal alignment. There is a strong focus on fostering an inclusive environment where team achievements are celebrated, contributing to overall team morale and productivity.

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What benefits can I expect as a Sales Manager at Plaid?

As a Sales Manager at Plaid, you can expect a competitive salary range alongside additional compensation such as equity and commissions. Plaid also offers a comprehensive benefits package that includes medical, dental, vision, 401(k), and is committed to maintaining a diverse and inclusive workplace for all employees.

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Common Interview Questions for Sales Manager, SMB
How do you approach mentoring your sales team as a Sales Manager?

When mentoring my sales team, I focus on individualized coaching sessions to understand each team member's strengths and areas for improvement. By setting clear goals and providing constructive feedback, I empower my team to grow while ensuring we meet our sales objectives.

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Can you provide an example of how you've driven sales growth in a previous role?

In my previous role, I implemented a targeted outreach strategy that identified high-potential leads, leading to a 20% increase in conversion rates within six months. By redefining our value proposition and refining our pitch, we aligned our approach with client needs, significantly boosting our sales figures.

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What strategies do you use for cross-functional collaboration?

I prioritize open communication channels and regular meetings with other departments to align on goals and initiatives. By fostering relationships and sharing insights, we can streamline processes and drive sales strategies more effectively together.

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How do you handle a sales team member who consistently underperforms?

I first hold an open conversation with the team member to understand any challenges they face. Together, we create a personalized development plan that includes specific targets and support mechanisms to help them improve, ensuring they feel empowered and not overwhelmed.

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Describe your experience with developing sales processes. What improvements have you made?

In my last position, I analyzed our sales funnel and identified bottlenecks. I restructured our process by integrating a CRM tool, automating follow-ups, and refining lead qualification criteria, which improved our overall sales efficiency and reduced conversion time by 30%.

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What is your experience with account management?

I've handled both new customer acquisition and long-term account management. I believe in establishing strong relationships, understanding client needs, and providing tailored solutions that ensure customer satisfaction and retention.

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How do you stay updated on sales techniques and industry trends?

I'm committed to continuous learning. I regularly attend industry webinars, participate in online courses, and read relevant sales and finance literature to stay informed on best practices and trends that can benefit my team and the company.

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What metrics do you consider critical when evaluating sales performance?

Important metrics I track include revenue growth, conversion rates, lead response times, and customer retention rates. These figures guide me in assessing our overall effectiveness and identifying areas for improvement.

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How do you motivate your sales team?

I believe in setting inspiring goals and celebrating achievements. I often implement recognition programs that reward top performers and create a friendly competition that boosts team morale and encourages collaboration.

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How would you handle a disagreement with a team member about a sales approach?

In such situations, I would foster an open dialogue to listen to their perspective and present my thoughts. Finding common ground and mutually agreed-upon strategies ensures the team stays aligned and focused on shared goals.

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

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Full-time, on-site
DATE POSTED
January 4, 2025

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