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Head of Revenue Operations

Company Overview

Promise empowers utilities and government agencies to create flexible, affordable solutions for individuals struggling with debt. Our innovative approach to payment plans and relief distribution significantly improves enrollment and recovery rates, helping individuals clear debts faster and reducing delinquencies for our partners.

We treat people facing financial difficulties with respect and dignity, providing the tools and resources they need to thrive. Our team includes experts from companies like Palantir, Google, Stripe , and esteemed government leaders.

Backed by over $50 million in funding from top investors such as 8VC, Kapor Capital, XYZ Ventures, and Howard Schultz, we've been recognized as one of Fast Company's "World's Most Innovative Companies of 2022."

Role Overview 

Are you ready to lead the charge in driving sustainable growth and profitability? We’re looking for a strategic and results-driven Head of Revenue Operations to optimize and align our revenue-generating activities. If you’re a proven leader with expertise in revenue management and a passion for driving data-informed decisions, this is the role for you.

What You’ll Do

Strategic Revenue Management

  • Develop and execute revenue optimization strategies that align with organizational goals.

  • Analyze sales data and market trends to identify growth opportunities and refine pricing strategies.

  • Drive revenue forecasting and establish accurate, data-driven models to guide decision-making.

Cross-Functional Collaboration

  • Partner with sales, marketing, and finance teams to streamline processes and foster alignment across departments.

  • Create cohesive strategies that capitalize on market opportunities and strengthen our competitive edge.

  • Act as the central point of contact for all revenue-related initiatives, ensuring seamless coordination across teams.

Operational Excellence

  • Implement and optimize revenue management tools, systems, and processes to improve efficiency and reduce leakage.

  • Monitor and report on key revenue metrics and performance indicators, providing actionable insights to stakeholders.

  • Continuously improve workflows to enhance operational effectiveness and ROI.

Leadership and Team Development

  • Lead and mentor a high-performing Revenue Operations team, fostering a culture of accountability, collaboration, and innovation.

  • Conduct regular reviews of team performance, revenue processes, and strategic initiatives to ensure alignment with goals.

Performance and Compliance

  • Ensure compliance with revenue recognition standards and regulatory requirements.

  • Identify inefficiencies, address revenue leakage, and develop solutions that enhance profitability.

  • Provide strategic insights and recommendations to senior management to drive long-term revenue growth.

Your Impact

  • Deliver measurable revenue growth within the first year through innovative strategies and process enhancements.

  • Increase sales conversion rates and improve revenue forecasting accuracy.

  • Optimize pricing strategies to boost profitability and expand revenue streams.

  • Successfully implement a modern revenue management system to enhance operational efficiency.


What Will Enable You

  • Education: Bachelor’s degree in Business Administration, Finance, or a related field; MBA preferred.

  • Experience: Proven track record in revenue operations, revenue management, or similar leadership roles.

  • Expertise: 

    • Strong understanding of revenue cycles, pricing strategies, forecasting, and revenue recognition standards.

    • Government/utility sector sales cycles

    • Complex B2B/B2G sales environments

  • Analytical Skills: Advanced proficiency in data analysis, financial modeling, and reporting.

  • Technology Proficiency: 

    • Experience with revenue management tools like Clari, InsightSquared, or similar.

    • Experience with Salesforce, Hubspot, or similar CRM platforms and data visualization. 

  • Leadership: Demonstrated ability to lead, mentor, and grow high-performing teams.

  • Interpersonal Skills: Excellent communication and stakeholder management skills.

  • Mindset: Results-driven with a focus on innovation, efficiency, and achieving measurable outcomes.

Promise is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, genetic information, age, or military or veteran status. Additionally, the Company complies with applicable state and local laws governing non-discrimination in employment in every jurisdiction in which it operates. Promise is committed to promoting diversity and inclusion in the workplace. We also provide reasonable accommodations to qualified individuals with disabilities, pregnant individuals, and those with sincerely held religious beliefs, in accordance with applicable laws.

Promise engages in US government contracts and restricts hiring to US persons, which includes US citizens and permanent residents (e.g., Green Card holders). Additionally, candidates must reside in the US.

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Average salary estimate

$175000 / YEARLY (est.)
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$150000K
$200000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Head of Revenue Operations, Promise

Looking to make a real impact in the world of revenue optimization? At Promise, an innovative company empowering utilities and government agencies, we're on a mission to foster financial responsibility and provide individuals with the resources they need to overcome debt. We’re currently seeking a Head of Revenue Operations based in Oakland who can drive sustainable growth and profitability. As our Head of Revenue Operations, you'll have the opportunity to develop and implement strategic revenue management initiatives that align with our organizational goals. Your analytical prowess and experience in revenue cycles will allow you to identify growth opportunities and refine pricing strategies effectively. You’ll partner with various departments, including sales, marketing, and finance, fostering a collaborative environment that maximizes our competitive edge. This role isn’t just about managing revenue; it’s about leading a high-performing team to ensure operational excellence and delivering measurable growth within your first year. If you have a Bachelor’s degree in Business Administration (an MBA is preferred) and possess a demonstrated track record in revenue operations, we invite you to join us on this exciting journey. Together, we can turn challenges into opportunities, ensuring compliance with revenue recognition standards while enhancing operational effectiveness. Join Promise today, where your expertise will contribute to meaningful change while working alongside a team of industry leaders!

Frequently Asked Questions (FAQs) for Head of Revenue Operations Role at Promise
What are the key responsibilities of the Head of Revenue Operations at Promise?

The Head of Revenue Operations at Promise is responsible for developing and executing revenue optimization strategies, analyzing sales data to identify growth opportunities, and driving revenue forecasting. You will collaborate across departments to streamline processes and enhance operational effectiveness.

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What qualifications are required for the Head of Revenue Operations position at Promise?

To qualify for the Head of Revenue Operations role at Promise, candidates should hold a Bachelor’s degree in Business Administration or a related field, with an MBA preferred. Proven experience in revenue operations is essential, along with strong analytical skills and proficiency in data management.

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How does the Head of Revenue Operations contribute to team development at Promise?

As the Head of Revenue Operations, you will lead and mentor a high-performing team, fostering a culture of accountability and collaboration. Regular reviews of team performance and strategic initiatives will ensure alignment with our organizational goals.

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What tools and technologies should a Head of Revenue Operations at Promise be familiar with?

The ideal candidate for the Head of Revenue Operations at Promise should have experience with revenue management tools such as Clari or InsightSquared. Familiarity with CRM platforms like Salesforce or HubSpot is also essential, along with data analysis capabilities.

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What impact can the Head of Revenue Operations expect to achieve at Promise?

The Head of Revenue Operations at Promise can expect to deliver measurable revenue growth within the first year through innovative strategies and process enhancements. Optimized pricing strategies and improved revenue forecasting will be critical to success in this role.

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Common Interview Questions for Head of Revenue Operations
How do you approach developing revenue optimization strategies?

In developing revenue optimization strategies, I focus on aligning them with organizational goals. I analyze current market trends and sales data to identify opportunities, ensuring that the strategies are data-driven and actionable.

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Can you describe your experience with cross-functional collaboration?

I believe that effective cross-functional collaboration is key to revenue operations. I have regularly partnered with sales, marketing, and finance teams to streamline processes and create cohesive strategies, which have led to enhanced operational effectiveness.

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What metrics do you monitor to assess revenue performance?

I typically monitor key performance indicators such as sales conversion rates, revenue growth percentage, and forecasting accuracy. These metrics provide valuable insights into revenue operations and help identify areas for improvement.

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How do you handle compliance with revenue recognition standards?

To handle compliance with revenue recognition standards, I ensure that our processes are aligned with the latest regulations. Regular training and updates for the team help maintain compliance, while monitoring systems detect any discrepancies promptly.

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How do you foster a culture of accountability and innovation within your team?

Fostering a culture of accountability and innovation requires clear expectations, regular feedback, and recognition of achievements. I encourage open communication and brainstorming sessions where team members can share ideas and solutions.

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What technology tools have you implemented to enhance revenue operations?

I have implemented various technology tools, including CRM platforms like Salesforce for customer management and revenue management tools like Clari for forecasting. These tools have significantly improved our efficiency and decision-making capabilities.

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How do you identify and address inefficiencies in revenue processes?

I employ data analysis to identify inefficiencies in revenue processes. By regularly reviewing performance metrics and soliciting team feedback, I can develop targeted solutions to enhance our profitability and operational effectiveness.

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What strategies do you use to enhance sales conversion rates?

To enhance sales conversion rates, I focus on optimizing the sales funnel through improved lead qualification, targeted marketing efforts, and training for the sales team to ensure they have the tools and knowledge needed to close deals effectively.

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Can you explain your approach to revenue forecasting?

My approach to revenue forecasting involves robust data analysis and modeling. I utilize historical sales data along with market trends to create accurate forecasts that inform strategic decision-making across all revenue-related initiatives.

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How do you manage stakeholder communications regarding revenue operations?

Managing stakeholder communications effectively requires regular updates and transparency. I ensure all stakeholders are informed about revenue performance, upcoming initiatives, and potential challenges, fostering trust and collaboration.

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MATCH
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TEAM SIZE
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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
December 5, 2024

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