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Renewal Account Manager - Enterprise

Company Description

It all started in sunny San Diego, California in 2004 when a visionary engineer, Fred Luddy, saw the potential to transform how we work. Fast forward to today — ServiceNow stands as a global market leader, bringing innovative AI-enhanced technology to over 8,100 customers, including 85% of the Fortune 500®. Our intelligent cloud-based platform seamlessly connects people, systems, and processes to empower organizations to find smarter, faster, and better ways to work. But this is just the beginning of our journey. Join us as we pursue our purpose to make the world work better for everyone.

Job Description

What you get to do in this role:

  • Negotiate all facets of renewal contracts. Develop win/win negotiation strategies that maximize contract value while enhancing the customer relationship and the value they are realizing from ServiceNow.
  • Identify customer needs and demonstrate account management capabilities to guide renewal closure.
  • Maintain an understanding of ServiceNow licensing models to provide both sales and customers assistance in licensing discussions.
  • Monitor customer health metrics to identify risks. Develop risk mitigation strategies and guide appropriate actions with partner teams.
  • Work with wider team to provide regular and accurate updates on renewal status to management and escalate when needed.
  • Engage customer in conversations around renewal readiness, timing and general customer needs.
  • Connect with customers on multi-year contracts to ensure continued engagement and customer value realization.
  • Present renewal proposal(s) and options to customer and notify customer of upcoming contract expiration.
  • Work with Legal, Deals Desk and Sales Operations to resolve complex issues regarding approval and finalization of executable OF.
  • Partner with our Customer Success organization to review customer value achievement to achieve customer product adoption and high use.

Qualifications

To be successful in this role you have:

  • 5+ years demonstrated success in a Renewal Account Management or Customer Success capacity.
  • Experience leading customer retention and adoption of a SaaS product for complex accounts/territories.
  • Advanced proficiency with contract renewal processes.
  • Experience building relationships with peers and partners.
  • Excellent customer management skills; including sales, account management, and customer service.
  • Personal initiative to identify areas of process improvement and efficiency.
  • Strong work ethic and quota achievement.
  • Deep expertise with a SaaS model focused on enterprise software preferred.

Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate!

Additional Information

Work Personas

We approach our distributed world of work with flexibility and trust. Work personas (flexible, remote, or required in office) are categories that are assigned to ServiceNow employees depending on the nature of their work. Learn more here.

Equal Opportunity Employer

ServiceNow is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, national origin or nationality, ancestry, age, disability, gender identity or expression, marital status, veteran status, or any other category protected by law. In addition, all qualified applicants with arrest or conviction records will be considered for employment in accordance with legal requirements. 

Accommodations

We strive to create an accessible and inclusive experience for all candidates. If you require a reasonable accommodation to complete any part of the application process, or are unable to use this online application and need an alternative method to apply, please contact [email protected] for assistance. 

Export Control Regulations

For positions requiring access to controlled technology subject to export control regulations, including the U.S. Export Administration Regulations (EAR), ServiceNow may be required to obtain export control approval from government authorities for certain individuals. All employment is contingent upon ServiceNow obtaining any export license or other approval that may be required by relevant export control authorities. 

From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. 

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What You Should Know About Renewal Account Manager - Enterprise , ServiceNow

Join ServiceNow as a Renewal Account Manager - Enterprise and become a pivotal part of our mission to enhance how organizations operate through innovative technology. Located in Vienna, Virginia, you’ll be negotiating renewal contracts with our diverse clientele while fostering meaningful relationships that promote customer satisfaction and loyalty. In this dynamic role, your main responsibilities will include strategizing contract renewals, guiding customers through our licensing models, and maintaining a vigilant eye on customer health metrics. Your expertise will be crucial in identifying potential risks and developing proactive solutions alongside our customer success teams. You’ll engage regularly with clients to ensure they realize the full value of our SaaS solutions, preparing them for contract renewals and pitching compelling renewal proposals. With your strong background in account management and a customer-centric approach, you’ll play a key role in helping ServiceNow achieve its goal of making the world work better for everyone. We appreciate unique experiences and encourage diverse candidates to apply, regardless of whether they meet every qualification. Let’s transform how the world works together!

Frequently Asked Questions (FAQs) for Renewal Account Manager - Enterprise Role at ServiceNow
What does a Renewal Account Manager - Enterprise do at ServiceNow?

A Renewal Account Manager - Enterprise at ServiceNow is responsible for negotiating renewal contracts, identifying customer needs, and enhancing relationships to ensure customer satisfaction. They also monitor customer health metrics, develop risk mitigation strategies, and engage in meaningful conversations with customers regarding their ongoing contract needs.

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What qualifications are needed for the Renewal Account Manager - Enterprise at ServiceNow?

To qualify for the Renewal Account Manager - Enterprise position at ServiceNow, candidates should have at least 5 years of proven success in Renewal Account Management or Customer Success roles, ideally within SaaS environments. Strong customer management skills and a proactive approach to process improvement are key attributes that will help you thrive in this role.

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How can a Renewal Account Manager - Enterprise contribute to customer retention at ServiceNow?

A Renewal Account Manager - Enterprise contributes to customer retention at ServiceNow by developing win/win negotiation strategies, closely monitoring customer health, and actively engaging with customers to ensure they see the value in their ongoing relationships with us. Their role in guiding clients through the renewal process is crucial for maintaining long-lasting partnerships.

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What skills are important for success as a Renewal Account Manager - Enterprise at ServiceNow?

Successful Renewal Account Managers - Enterprise at ServiceNow exhibit excellent negotiation and communication skills, a strong customer focus, and the ability to build relationships. A deep understanding of SaaS products and licensing models, as well as the initiative to identify and improve processes, are also highly valuable.

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What is the company culture like for the Renewal Account Manager - Enterprise at ServiceNow?

ServiceNow promotes an inclusive company culture that values diverse perspectives and experiences. They encourage candidates to apply even if they don't meet every single qualification, emphasizing a collaborative environment where employees can guide each other to achieve shared goals.

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Common Interview Questions for Renewal Account Manager - Enterprise
Can you describe your experience with contract negotiation in your previous roles?

When answering this question, it’s vital to provide specific examples of your negotiation experiences. Highlight situations where you've successfully navigated complex contracts, emphasizing your approach to seeking mutual benefits and managing customer expectations.

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How do you monitor customer health and what metrics do you focus on?

Discuss the key metrics you track, such as renewal rates or customer engagement scores. Explain how these metrics influence your strategies for maintaining customer satisfaction and proactively addressing any potential issues.

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What strategies do you implement to ensure a successful renewal process?

Strategically, focus on starting conversations well in advance of contract deadlines, understanding customer needs deeply, and preparing proactive solutions that emphasize the value of the service provided. Drawing on past experiences will make your answer more compelling.

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How do you approach risk mitigation with customers?

Describe your systematic approach to identifying risks, such as customer dissatisfaction or product adoption issues. Provide examples of successful risk mitigation strategies you've implemented, emphasizing collaboration with other departments.

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How do you ensure effective communication with customers during the renewal process?

Effective communication is key, so explain your methods for keeping in touch with clients, whether through regular updates, meetings, or reports. Emphasize the importance of clarity and active listening in understanding and meeting customer needs.

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What techniques do you use to forecast renewal opportunities?

Discuss your analytical skills and approaches to utilizing data analytics for interpreting customer behavior and potential renewal trends. Providing specific examples of how this has led to successful outcomes will further demonstrate your competency.

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Describe a challenging negotiation you have faced and how you resolved it.

Be ready to share a detailed story about a negotiation that was complex or contentious. Focus on your preparation, the strategies you employed, and the overall outcome, reflecting on what you learned through the experience.

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How do you build relationships with customers in a remote environment?

In today's remote work culture, share specific techniques you use to build rapport, such as virtual meetings, personalized follow-ups, and being responsive. Highlight the importance of consistent engagement to foster trust and collaboration.

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What do you think distinguishes ServiceNow's solutions from competitors?

This is an opportunity to show your knowledge of the company. Focus on unique features, customer testimonials, or the overall mission that sets ServiceNow apart, emphasizing your alignment with these values in your approach to account management.

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How do you handle conflicts or disagreements with customers?

Discuss your conflict resolution skills by sharing examples of how you've navigated disagreements with professionalism and understanding. Focus on your approach to active listening and finding common ground to rebuild trust.

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We're on a mission to become the defining enterprise software company of the 21st century.

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CULTURE VALUES
Inclusive & Diverse
Mission Driven
Rise from Within
Diversity of Opinions
Work/Life Harmony
Empathetic
Feedback Forward
Take Risks
Collaboration over Competition
BENEFITS & PERKS
Medical Insurance
Dental Insurance
Vision Insurance
Mental Health Resources
Life insurance
Disability Insurance
Health Savings Account (HSA)
Flexible Spending Account (FSA)
Conferences Stipend
Paid Time-Off
Maternity Leave
Equity
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
December 26, 2024

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