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Renewals Manager

5.00 to 10.00 Years   Hyderabad   07 Dec, 2022
salesforce
Job LocationHyderabad
EducationNot Mentioned
SalaryNot Disclosed
IndustryIT - Software
Functional AreaMarketing / CommunicationOperations Management / Process Analysis
EmploymentTypeFull-time

Job Description

    The Salesforce Renewal Manager is responsible for owning and executing a portfolio of renewal contracts in an assigned territory.Renewal Managers partner with internal stakeholders such as Sales and Customer Success & Growth (CSG) organizations to secure every renewal.They are responsible for minimizing financial attrition, locking in the most favorable terms, identifying growth opportunities and providing insights to the business that improve future outcomes.Renewal Managers are responsible for ensuring that customers are set up for success while maximizing the financial results for Salesforce.Responsibilities:
    • Develop and execute win/win negotiation strategies for small, medium and large account contract renewals that maximize contract value while protecting and enhancing customer trust
    • Maximize account growth opportunities by playing an active role on the account team and helping to identify incremental opportunities upon contract renewal
    • Own, drive and manage the renewals process in collaboration with the account team
    • Collaborate with internal resources such as Competitive Intelligence, Pricing, Product Management, Customer Success, and Account Executives, to develop comprehensive win strategies for renewals
    • Identify customer requirements, uncover roadblocks, and demonstrate strong account management and commercial capabilities to drive renewal to on-time closure
    • Provide executive management with complete visibility to renewals and solicit executive involvement as required
    • Accurately maintain/update a rolling 120 day forecast of your territory and communicate any renewal risk to internal resources in order to develop resolution strategies
    • Follow and adhere to best practices for all internal processes including, but not limited to, Opportunity Management, Data Quality and accuracy, Quotations and Forecasting
    • Achieves financial and strategic targets for minimizing attrition, positioning favorable terms and boosting incremental revenue via up-sells, cross-sells and add-ons
    Required Skills/Experience:
    • 5+ years of demonstrated success in a Sales, Operations, Account Management
    • Strong customer management and negotiation skillsAbility to demonstrate a strategic mindset to enable persuasive value conversations with customers at an executive level .
    • Strong process management, financial acumen, and ability to apply strict policies.
    • Ability to react and adapt to potential rapid shifts in priorities and organizational policies
    • Degree or equivalent relevant experience required. Experience will be evaluated based on the core competencies for the role (e.g. extracurricular leadership roles, military experience, volunteer roles, work experience, etc.)
    ,

Keyskills :
account executivesproduct managementcompetitive intelligencepricing

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