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Strategic Account Executive - job 2 of 4

Companies that struggle to manage hundreds of millions of dollars in spend because of decades-old software experience slower growth and more roadblocks to innovation. It may sound like an obvious problem, but it’s also a widespread one–and businesses are desperate to solve it.

Our cofounders started Zip in 2020 to address this seemingly intractable problem with a purpose-built procurement platform that provides a simple, consumer-grade user experience. Within just a few short years, Zip created the procurement orchestration category and developed the leading solution in this $50B+ TAM space. Today, leading companies like Instacart, Anthropic, Sephora, Discover, Reddit, and Lyft rely on Zip to manage billions of dollars in spend.

We're a fast-growing team that helped scale category-defining companies like Airbnb, Facebook, Salesforce, Apple, and Google. With a $2.2 billion valuation and $370 million in funding from Y Combinator, BOND, DST Global, and CRV, we’re focused on developing cutting-edge technology, expanding into new global markets, and—above all–driving incredible value for our customers. Join us!

Your Role

As a Strategic Enterprise Account Executive, you will drive Zip’s expansion into global enterprises with $7B+ in revenue. This is a high-impact, consultative sales role requiring deep industry expertise, a hunter mentality, and a passion for solving complex procurement challenges.

You Will

  • Own the full sales cycle: Engage C-level executives, influence stakeholders across procurement, finance, IT, legal, and operations, and navigate long, complex deal cycles.

  • Drive new business: While supported by BDRs and marketing, you’ll proactively prospect and leverage your network to develop a strong pipeline.

  • Act as a strategic advisor: Understand enterprise procurement challenges and position Zip as a transformational solution for efficiency and cost control.

  • Solution-sell with vision: Demonstrate Zip’s immediate impact while aligning with customers’ long-term digital transformation goals.

  • Shape the future: As an early sales leader in a hyper-growth startup, help refine Zip’s sales strategy, process, and team culture.

  • Leverage best-in-class sales tools: Utilize Salesforce, Clari, ZoomInfo, LinkedIn Sales Navigator, and Outreach to optimize outreach and pipeline management.

Qualifications

  • 8+ years of SaaS sales experience, with a strong track record of closing complex enterprise deals.

  • Experience selling to procurement, finance, legal, IT, operations, supply chain, or manufacturing teams.

  • Proven success acquiring net-new logos in organizations with 10,000+ employees.

  • Skilled in complex sales cycles: Managing multiple stakeholders, navigating procurement processes, and driving consensus at the executive level.

  • Self-motivated and proactive: You take ownership of your success and thrive in a fast-paced environment.

Exceptional communication and organization skills to manage multiple opportunities effectively.

The salary range for this role is $300,000 - $350,000 OTE. The salary for this position is determined based on a variety of job-related factors that may include location, relevant experience, education, or particular skills and expertise.

Perks & Benefits

At Zip, we’re committed to providing our employees with everything they need to do their best work.

  • 📈  Start-up equity

  • 🦷  Full health, vision & dental coverage

  • 🚠  Team building events & happy hours

  • 🌴  Flexible PTO

  • 💻  Apple equipment plus home office budget

  • 💸  401k plan

We're looking to hire Zipsters and that means hiring people who take ownership, communicate openly, have an underdog mindset, and are excited to increase the pace of innovation for every business in the world. We encourage all candidates to apply even if your experience doesn't exactly match up to our job description. We are committed to building a diverse and inclusive workspace where everyone (regardless of age, religion, ethnicity, gender, sexual orientation, and more) feels like they belong. We look forward to hearing from you!

Average salary estimate

$325000 / YEARLY (est.)
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$300000K
$350000K

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What You Should Know About Strategic Account Executive, Zip

As a Strategic Account Executive at Zip in Chicago, you will play a pivotal role in driving the expansion of our innovative procurement platform into global enterprises generating over $7 billion in revenue. Our mission is to solve complex procurement challenges that hinder companies from managing their spending effectively. In this high-impact role, you will engage C-level executives and collaborate with stakeholders in finance, IT, legal, and operations to influence and navigate long and complex deal cycles. You will be responsible for owning the full sales cycle, proactively prospecting new business, and acting as a strategic advisor, demonstrating how Zip can transform their processes for efficiency and cost control. Your day-to-day will leverage best-in-class sales tools to optimize outreach and pipeline management. With over 8 years of SaaS sales experience under your belt and a proven track record of closing complex enterprise deals, you will thrive in the fast-paced and dynamic environment at Zip. You'll also be instrumental in helping shape our sales strategy, making this an incredible opportunity to impact the future of our startup in its hyper-growth phase. Join us and become a part of a team that’s not just about rotating deals but about redefining an industry and driving real value for our customers.

Frequently Asked Questions (FAQs) for Strategic Account Executive Role at Zip
What responsibilities does a Strategic Account Executive at Zip have?

As a Strategic Account Executive at Zip, you will own the full sales cycle, engage C-level executives, and manage relationships across various departments including finance, IT, and legal. Your primary responsibility is to drive new business by proactively prospecting and building a robust pipeline, acting as a strategic advisor, and demonstrating Zip's transformative solution to complex procurement challenges within large organizations.

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What qualifications are needed for the Strategic Account Executive position at Zip?

Candidates for the Strategic Account Executive position at Zip should have at least 8 years of SaaS sales experience, particularly in complex enterprise deals. Experience selling to procurement, finance, legal, and IT teams is valuable, particularly within organizations with over 10,000 employees. Strong communication skills and an ownership mentality are essential for success.

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Is prior experience in procurement necessary for the Strategic Account Executive role at Zip?

While not mandatory, prior experience in procurement can greatly benefit candidates applying for the Strategic Account Executive role at Zip. Understanding the intricacies of procurement functions allows you to better position Zip’s solutions and effectively consult with potential clients, leading to more successful sales.

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What tools will a Strategic Account Executive at Zip utilize?

In the role of Strategic Account Executive at Zip, you will leverage several best-in-class sales tools including Salesforce, Clari, ZoomInfo, LinkedIn Sales Navigator, and Outreach. These tools are essential for optimizing your outreach efforts and managing your sales pipeline effectively.

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What is the salary range for the Strategic Account Executive role at Zip?

The salary range for the Strategic Account Executive position at Zip is between $300,000 to $350,000 OTE, based on various job-related factors including location, experience, education, and specific skills. This competitive compensation reflects our commitment to attracting top talent in the industry.

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Common Interview Questions for Strategic Account Executive
Can you describe your approach to managing a complex sales cycle as a Strategic Account Executive?

When managing a complex sales cycle, it's crucial to understand the entire procurement process and the stakeholders involved. I prioritize building relationships across departments and engage with C-level executives to align our solution with their strategic goals, ensuring that I address all concerns and achieve consensus.

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How do you qualify leads for a strategic sales role?

Qualifying leads involves evaluating their potential based on the organization's size, existing procurement challenges, and whether they align with our target market. I often leverage my network for insights on companies' needs and use well-defined criteria to prioritize the most promising leads for outreach.

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What strategies do you employ to engage C-level executives effectively?

Engaging C-level executives requires tailored communication that speaks to their strategic objectives. I research their company's goals and pain points and create a narrative that clearly communicates how Zip’s solutions align with their vision, demonstrating understanding and value right from the first engagement.

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Can you provide an example of a successful deal you've closed?

Absolutely! In my previous role, I closed a major account with a leading retail company by identifying their procurement inefficiencies. I engaged multiple stakeholders, provided a compelling ROI analysis, and showcased our solution's scalability. This approach led to a multi-year contract, significantly improving their sourcing processes.

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How do you approach prospecting for new business?

My approach to prospecting involves a combination of strategic networking, leveraging industry connections, and using tools like LinkedIn Sales Navigator to identify potential clients. I stay informed about industry trends and target decision-makers who would benefit from our solutions.

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Describe a time when you had to overcome significant objections in a sales process.

During a sales cycle with a large enterprise, the procurement team had concerns about integration capabilities. I organized a product demonstration tailored to their needs alongside input from our technical team. By addressing their concerns proactively and showcasing success stories, I won their trust and closed the deal.

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How do you keep track of your sales pipeline and activities?

I utilize tools like Salesforce and Clari to keep my pipeline organized. Regularly updating these tools allows me to track deals, set reminders for follow-ups, and analyze conversion rates. This data-driven approach helps me stay on top of my targets and improve my sales strategies continually.

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What role do mentorship and collaboration play in your sales process?

Mentorship and collaboration are vital. I believe sharing insights with my peers can lead to innovative solutions. Additionally, I actively seek mentorship for guidance on breaking into new accounts and refining my negotiation strategies. Effective teamwork often leads to winning outcomes.

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How do you ensure a positive customer experience throughout the sales process?

I prioritize clear and consistent communication from the start to finish of the sales process. I ensure each potential customer feels valued by addressing their concerns promptly and providing them with relevant information that aligns with their needs, fostering a strong rapport.

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What inspires you the most about working in sales at a startup like Zip?

What inspires me the most about working at a startup like Zip is the dynamic environment that fuels innovation. The opportunity to foster substantial impact, engage with forward-thinking clients, and shape the future of procurement makes every day exciting and rewarding.

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Zip is a leading global financial services company, offering innovative, people-centred products that bring customers and merchants together. On a mission to be the first payment choice everywhere and every day, Zip offers point-of-sale credit and...

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