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Sales Development Representative - Entry Level Salesperson

Street Diligence is a high-growth FinTech start-up with an innovative product offering and ambitious expansion plans. Our clients include leading financial institutions that use our platform to analyze and negotiate advantageous terms in legal and financial contracts.  We break down key terms, identify what’s “market” and “off-market” and flags risks embedded in contract terms.  Our platform also provides unique visuals, benchmarking and comparison to place negotiations and contracts in context.  Founded in 2012, Street Diligence is headquartered in New York. 

THE ROLE

Street Diligence is seeking an entry-level Sales Development Representative (SDR). The SDR will create interest in Street Diligence and guide prospects to demo. Specifically, you will be on the frontline for web prospecting along with phone and email communication to generate interest in a scaling brand. You will handle lead qualification and help convert those leads into clients. This is an entry to associate level sales position that is essential to the growth of Street Diligence. As such, you will be closely mentored and developed by seasoned enterprise sales professionals. 

 
WHAT YOU'LL DO: 

  • Maintain a self-starter attitude while creating outreach strategies for new lead generation methods 

  • Anticipate needs by studying landscape and conducting market research to identify new leads 

  • Support senior sales teams and sales representatives on outbound strategies and lead generating efforts 

  • Prospect for new clients by email at high volume with an eye toward exceeding expectations 

  • Monitor meetings with prospects while handling intros and follow-up with sales representatives 

  • Schedule demos of the Street Diligence platform for qualified prospects 

  • Support Account Executives to ensure qualified leads convert into paid clients by getting them timely information about Street Diligence’s' products 

  • Collaborate with sales teams by bringing innovative lead generation ideas to each weekly meeting (don’t just think outside the box, throw it away). 

WHAT YOU'LL BRING: 

  • BA/BS degree (or relevant work experience) 

  • 2+ years sales experience, with a history of overachieving targets, in new business acquisition 

  • Strong communication skills over both phone and email 

  • Shown creative problem-solving approach 

  • Desire to move up within a sales organization 

COMPENSATION

The target compensation range for this role is $40,000 - $45,000 plus commission. Compensation is determined based on several factors, including but not limited to job-related skills, qualifications, experience, education, internal equity, and other factors relevant to the job. 

We know that not everyone will meet all of the qualifications listed above. If your experience doesn't perfectly align, but you believe you'd be a strong fit for the team, we encourage you to apply. We’re eager to learn more about what you can offer! 

Street Diligence is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state or local law. Street Diligence participates in the E-Verify employment system of the U.S. Government. 

Average salary estimate

$42500 / YEARLY (est.)
min
max
$40000K
$45000K

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What You Should Know About Sales Development Representative - Entry Level Salesperson, Street Diligence

Are you ready to kickstart your career in sales? At Street Diligence, a rapidly growing FinTech start-up based in New York City, we're on the lookout for an enthusiastic Entry Level Sales Development Representative! You'll be at the heart of our ambitious expansion plans that support leading financial institutions with innovative solutions. In this role, you'll engage potential clients and guide them towards demoing our cutting-edge platform. This is not just any sales position; it's your chance to learn from seasoned sales experts who are eager to mentor and help you develop. As an SDR, you'll harness your creativity to devise outreach strategies, conduct market research, and generate leads through phone and email communications. You'll play an essential part in qualifying leads and ensuring a seamless transition to our account executives. Whether it’s scheduling demos or brainstorming at weekly sales meetings, your input will help shape the future of our sales strategy. If you're excited about driving results and want to grow within a sales organization while working alongside a dynamic team, we’d love to have you here at Street Diligence!

Frequently Asked Questions (FAQs) for Sales Development Representative - Entry Level Salesperson Role at Street Diligence
What are the responsibilities of a Sales Development Representative at Street Diligence?

As a Sales Development Representative at Street Diligence, your primary responsibility is to create interest in our innovative FinTech platform by engaging potential clients. You'll be responsible for web prospecting, phone, and email communications to generate leads, as well as qualifying those leads through market research. In addition, you'll support our senior sales teams and assist in scheduling product demos for clients who show genuine interest.

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What qualifications do I need to apply for the Sales Development Representative role at Street Diligence?

To qualify for the Sales Development Representative position at Street Diligence, you'll need a BA/BS degree or relevant work experience, along with at least 2 years of sales experience, particularly in new business acquisition. Strong communication skills, both over the phone and via email, are a must, as is a proven history of meeting or exceeding sales targets.

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What skills are important for the Sales Development Representative at Street Diligence?

Key skills for the Sales Development Representative role at Street Diligence include effective communication skills, creativity in solving problems, and a strong desire to advance within a sales organization. You'll also need to display a self-starter attitude, as you'll be creating outreach strategies and developing innovative ideas to engage leads.

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Is previous sales experience required for the Sales Development Representative position at Street Diligence?

Yes, the Sales Development Representative role at Street Diligence requires a minimum of 2 years of sales experience. This experience should ideally reflect your ability to overachieve targets, particularly in new business acquisition, showcasing your capability to thrive in a fast-paced environment.

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What is the compensation range for the Sales Development Representative role at Street Diligence?

The target compensation range for the Sales Development Representative at Street Diligence is between $40,000 and $45,000 annually, plus commission. Compensation is evaluated based on various factors, including your skills, experience, education, and the internal equity of the role.

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Common Interview Questions for Sales Development Representative - Entry Level Salesperson
How would you approach generating leads for Street Diligence?

To generate leads for Street Diligence, I would start with comprehensive market research to identify potential clients, then use targeted outreach strategies, such as personalized emails or LinkedIn connections, while leveraging existing networks to build relationships.

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Can you provide an example of a time you exceeded sales targets?

In my previous role, I exceeded my sales targets by 30% in one quarter by implementing a new outreach strategy that focused on relationship building, leading to a higher conversion rate of prospective customers.

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What is your experience with prospecting for new clients?

I have extensive experience in prospecting for new clients through various channels, including cold calling and targeted email campaigns, which has helped me build a robust pipeline and consistently surpass lead generation goals.

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How do you handle rejection in sales?

I view rejection as an opportunity for growth and learning. I take the time to analyze what went wrong and adjust my strategy, ensuring I improve my approach in the future.

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How do you prioritize potential leads?

I prioritize potential leads by evaluating their fit based on established criteria, such as their industry relevance, company size, and prior interactions, ensuring I allocate my efforts towards the most promising opportunities.

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What techniques do you use to maintain motivation in a sales role?

To stay motivated, I set personal goals that align with company targets, celebrate small wins, and engage in continuous learning to stay inspired and driven in my sales efforts.

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Describe your ideal sales environment.

My ideal sales environment is one that promotes collaboration and innovation, with open communication among team members, where creative ideas are encouraged, and individual contributions are recognized.

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What sales tools or software are you familiar with?

I am proficient in using CRM software, email marketing platforms, and lead generation tools, which assist me in tracking potential leads and managing my sales activities efficiently.

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How would you explain a complex product like Street Diligence's platform to a potential client?

To explain the complexities of Street Diligence's platform, I would break it down into its core features and benefits, using relatable examples and visual aids to demonstrate its value and ease of use.

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What do you know about Street Diligence and its services?

I understand that Street Diligence offers an innovative platform designed to assist financial institutions with analyzing and negotiating terms in contracts, providing unique visuals, benchmarking, and risk identification to support informed decision-making.

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Street Diligence is the leading provider of deal term analytics for fixed income investment professionals. Our web-based platform is used by leading hedge funds, global investment banks, direct lenders, restructuring advisors and insurance compani...

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Full-time, on-site
DATE POSTED
January 8, 2025

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