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Account Executive | Mid-Market - job 1 of 3

About Ramp

Ramp is a financial operations platform designed to save businesses time and money. Combining corporate cards with expense management, bill payments, vendor management, accounting automation, and more, Ramp's all-in-one solution frees finance teams to do the best work of their lives. More than 25,000 companies, from family-owned farms to e-commerce giants to space startups, have saved $1B and 10M hours with Ramp. Founded in 2019, Ramp powers the fastest-growing corporate card and bill payment platform in America, and enables over 35 billion dollars in purchases each year.

Ramp's investors include Sequoia, Founders Fund, Thrive Capital, Khosla Ventures, Greylock, Stripe, Goldman Sachs, Coatue, and Redpoint, as well as over 100 angel investors who were founders or executives of leading companies. The Ramp team comprises talented leaders from leading financial services and fintech companies—Stripe, Affirm, Goldman Sachs, American Express, Mastercard, Visa, Capital One—as well as technology companies such as Meta, Uber, Netflix, Twitter, Dropbox, and Instacart.

Ramp has been named to Fast Company's Most Innovative Companies list and LinkedIn's Top U.S. Startups for over 3 years, as well as the Forbes Cloud 100, CNBC Disruptor 50, and TIME Magazine's 100 Most Influential Companies.

About the Role

As an Account Executive | Mid-Market at Ramp, you are a proven hunter & sales closer with track record of quota attainment and overachievement. We believe strongly in our value proposition of aligning incentives with our customers and you will bring it to life through the sales process with C-Level executives and key decision makers. As an early member of the team, you will also have the opportunity to help build the sales engine and define the sales strategy that fuels the growth of the company!

What You’ll Do

  • Drive revenue for Ramp, owning the entire sales cycle through close

  • Develop strategies for closing opportunities within your assigned territory

  • Leverage sales methodologies to uncover customer needs and pain points

  • Articulate Ramp’s value proposition by using the appropriate sales qualification standards

  • Own sales activity and monthly revenue forecasting in Salesforce

  • Collaborate with product, design, and engineering teams to incorporate customer feedback

What You'll Need

  • Minimum 4 years of quota-carrying direct SaaS sales experience in a full cycle closing role with strong prospecting, qualifying, negotiating, and closing skills

  • Experience closing upwards of 20 deals a quarter, with an average deal size about 50K in ACV

  • Ability to discuss Ramp's value proposition with C-level executives, finance teams, and decision makers

  • Experience with outbound prospecting and conducting product demonstrations

  • Consultative sales approach and comfortable leveraging analytical & quantitative skills

  • Consistent track record of hitting or exceeding sales targets in a fast-paced environment

  • High adaptability and understanding of change within the evolution of a startup

  • Excellent verbal and written communication skills

Nice to Haves

  • Experience selling financial services

Benefits (for U.S.-based full-time employees)

  • 100% medical, dental & vision insurance coverage for you

    • Partially covered for your dependents

    • One Medical annual membership

  • 401k (including employer match on contributions made while employed by Ramp)

  • Flexible PTO

  • Fertility HRA (up to $5,000 per year)

  • WFH stipend to support your home office needs

  • Wellness stipend

  • Parental Leave

  • Relocation support for NY

  • Pet insurance

Other notices

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

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Average salary estimate

$100000 / YEARLY (est.)
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$80000K
$120000K

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What You Should Know About Account Executive | Mid-Market, Ramp

Ramp, the innovative financial operations platform, is on the lookout for a dynamic Account Executive | Mid-Market to join our energetic team in New York City. In this role, you will be the driving force behind our sales efforts, engaging directly with C-Level executives and key decision makers. As a proven hunter and sales closer, you'll leverage your extensive 4+ years of SaaS sales experience to manage the complete sales cycle and exceed your quotas. You'll be responsible for developing strategies for closing opportunities while articulating Ramp's unique value proposition effectively. Your success will hinge on your ability to identify customer needs, uncover pain points, and provide tailored solutions that resonate with finance teams and decision makers alike. With the scope to collaborate with our talented product, design, and engineering teams, your insights will play a key role in shaping our sales strategy. A high adaptability to the fast-paced startup environment will set you apart, as well as your experience in conducting successful product demonstrations. If you're ready to help scale our exciting journey and want to work alongside some of the brightest minds in fintech, Ramp would love to hear from you.

Frequently Asked Questions (FAQs) for Account Executive | Mid-Market Role at Ramp
What are the responsibilities of the Account Executive | Mid-Market at Ramp?

As an Account Executive | Mid-Market at Ramp, you will own the entire sales cycle, focusing on driving revenue through closing deals. Your responsibilities include developing closing strategies for your territory, leveraging sales methodologies to uncover customer needs, and collaborating with various teams to refine our offerings. You will also be managing sales activities and revenue forecasting using Salesforce.

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What qualifications do I need to become an Account Executive | Mid-Market at Ramp?

To qualify for the Account Executive | Mid-Market role at Ramp, candidates should possess a minimum of 4 years of quota-carrying SaaS sales experience with a strong knack for prospecting, qualifying, negotiating, and closing sales. Demonstrating a successful track record of managing and closing 20 deals per quarter with an average deal size of around $50K in ACV is essential.

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How does selling at Ramp differ from other companies?

Selling at Ramp is unique due to our strong emphasis on aligning our incentives with customer needs. This consultative sales approach allows Account Executives to build genuine relationships, understand client pain points, and provide tailored solutions. Furthermore, working at a rapidly growing startup means you will be involved in shaping our sales strategy and contributing directly to our growth.

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What is the company culture like at Ramp for an Account Executive | Mid-Market?

Ramp boasts a vibrant and inclusive culture that fosters collaboration and innovation. As an Account Executive | Mid-Market at Ramp, you will work alongside talented peers from diverse backgrounds in both finance and technology. The fast-paced environment offers ample opportunities for growth and personal development, encouraging employees to thrive and make significant contributions.

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What type of support does Ramp provide its Account Executives?

Ramp is committed to the success of its Account Executives by providing robust support, including a flexible PTO policy, a wellness stipend, and comprehensive training. Additionally, our teams work closely together to not only share insights but also incorporate customer feedback into our offerings, empowering Account Executives to close deals effectively.

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Common Interview Questions for Account Executive | Mid-Market
Can you describe your sales cycle and how you manage it as an Account Executive?

When discussing your sales cycle in an interview, outline your methodical approach from prospecting to closing. Explain how you identify potential leads, the steps you take during the qualification phase, the selling strategies you employ, and how you ensure a seamless handoff once a deal is closed.

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How do you handle objections during the sales process?

An effective strategy for handling objections is crucial. You can share techniques like actively listening to customer concerns, empathizing, and then addressing objections with factual information or success stories that resonate with the customer’s context and needs.

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What sales methodologies have you found most effective in your role as an Account Executive?

Discuss how you’ve applied sales methodologies like SPIN Selling or Solution Selling. Provide examples of how you used these methodologies to understand customer pain points and successfully close deals, demonstrating an adaptable approach to different sales scenarios.

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Can you give an example of a challenging sale you closed?

Be prepared to discuss a specific challenge you faced with a past customer. Highlight the obstacles, how you approached them, the strategies you implemented, and the ultimate resolution that led to closing the deal, showcasing your problem-solving abilities and persistence.

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How do you forecast sales in your territory?

Share your process for sales forecasting, including how you analyze historical data, track progress, adjust strategies based on KPI insights, and engage regularly with your sales team to refine metrics and target accurate revenue expectations.

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What role does collaboration play in your success as an Account Executive?

Collaboration is key in sales. Emphasize how working with other departments—like marketing, product development, and customer support—has enhanced your sales strategy. Provide examples where cross-functional teamwork helped you close a deal or improve the customer experience.

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How do you keep yourself motivated in a competitive sales environment?

Discuss personal strategies you utilize to maintain motivation, such as setting personal goals, celebrating small wins, and using metrics to track progress. Showcase how you foster resilience in the face of challenges and remain focused on achieving your targets.

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What is your approach to account management post-sale?

Describe your role in maintaining relationships after closing a sale. Highlight how you ensure customer satisfaction, seek opportunities for upselling or cross-selling, and continually assess customer needs to provide added value, which is vital for long-term retention.

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How do you adapt your sales pitch for different types of customers?

Explain your technique for personalizing sales pitches based on the customer's unique characteristics and needs. Share how you research clients’ businesses in advance and adjust your messaging to align with their goals and pain points.

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Why do you want to work as an Account Executive | Mid-Market at Ramp?

Share your enthusiasm for Ramp’s innovative products and its commitment to customer success. Explain how the company's values align with your personal and professional ethos, emphasizing your desire to contribute to Ramp’s growth while thriving within a supportive, dynamic environment.

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Ramp is a multinational financial technology company headquartered in Manhattan and founded in 2019. We are the fastest-growing corporate card and bill payment platform in the US, and enables billions of dollars in purchases each year.

195 jobs
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Badge Flexible CultureBadge Future MakerBadge Rapid Growth
CULTURE VALUES
Inclusive & Diverse
Collaboration over Competition
Growth & Learning
Transparent & Candid
Mission Driven
Diversity of Opinions
Empathetic
Fast-Paced
Rise from Within
Work/Life Harmony
Take Risks
Startup Mindset
BENEFITS & PERKS
Medical Insurance
Paid Time-Off
Maternity Leave
Mental Health Resources
Equity
Employee Resource Groups
401K Matching
Paid Holidays
Paid Sick Days
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
December 18, 2024

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