Renewals Specialist

Company: Stripe
Location: Chicago
Posted on: February 4, 2025

Job Description:

Stripe is a financial infrastructure platform for businesses. Millions of companies - from the world's largest enterprises to the most ambitious startups - use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone's reach while doing the most important work of your career.About the teamThe Renewals Team focuses on facilitating contract renewals at Stripe. We partner with sales on the administrative and analytical aspects of a renewal, including identifying upcoming renewals, determining historical consumption and pricing, positioning value, surfacing upsell/cross-sell opportunities and helping close deals.What you'll doThe Renewals Specialist will partner with AE's, sales management, Customer Success and internal partners to retain and expand user revenue. The successful candidate will work with their sales team to produce and present compelling customer proposals, ensuring that large contracts are renewed on-time and quoted accurately. We are looking for a self-starter to join our team who has demonstrated success dealing with ambiguity, operating in a fast-growing environment, and solving problems with limited oversight. Our ideal candidates will have had experience crafting and structuring deals, and building scalable processes.A successful candidate will have a demonstrated ability to think strategically and analytically to identify cross-functional challenges and build consensus, within team and across functions, to execute against fluctuating volumes and aggressive targets.Responsibilities:

• Work with existing Stripe customers to develop and execute sales strategies to renew and expand Stripe's revenue.
• Partner on deal strategy and commercial negotiations for large, complex renewals.
• Research user purchase and renewal history and make recommendations based on prior activity.
• Gather requirements from Sales and User account signals for renewal, expansion and cross-sell/upsell opportunities.
• Assist with complex quote creation.
• Identify and optimise repeatable and scalable processes, looking to automate, re-tool, process improve and vendorise as appropriate.
• Help cultivate a team culture that includes high ownership, customer-first focus, fast-paced, high integrity, and an optimistic and positive environment.
• Report out on a regular weekly, monthly, and quarterly cadence to key stakeholders, with a strong analytical approach and crisp communication style.Who you areWe're looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.
  • 3+ years of experience in Renewals, Account Management, or Customer Success ideally in a tech environment.
  • Strong analytical skills, and an enjoyment for crunching through data to extract insights and make commercial recommendations.
  • Ability to understand technical requirements and propose solutions across multiple products.
  • A knack for working well with a wide range of people, both internally and externally.
  • Proven ability to lead complex negotiations involving bespoke commercial agreements.
  • Superior verbal and written communication skills in English.
  • Experience working within a high-growth, technology company with the ability to operate successfully in a lean, fast-paced organization.Preferred qualifications:
    • MBA or other advanced degree.
    • Lean Six Sigma certification, or proven experience employing the methodology.
    • Experience working in the financial services/payments industry.Office-assigned Stripes spend at least 50% of the time in a given month in their local office or with users. This hits a balance between bringing people together for in-person collaboration and learning from each other, while supporting flexibility about how to do this in a way that makes sense for individuals and their teams.The annual US base salary range for this role is $115,100 - $265,800. For sales roles, the range provided is the role's On Target Earnings ("OTE") range, meaning that the range includes both the sales commissions/sales bonuses target and annual base salary for the role. This salary range may be inclusive of several career levels at Stripe and will be narrowed during the interview process based on a number of factors, including the candidate's experience, qualifications, and location. Applicants interested in this role and who are not located in the US may request the annual salary range for their location during the interview process.Additional benefits for this role may include: equity, company bonus or sales commissions/bonuses; 401(k) plan; medical, dental, and vision benefits; and wellness stipends.At Stripe, we're looking for people with passion, grit, and integrity. You're encouraged to apply even if your experience doesn't precisely match the job description. Your skills and passion will stand out-and set you apart-especially if your career has taken some extraordinary twists and turns. At Stripe, we welcome diverse perspectives and people who think rigorously and aren't afraid to challenge assumptions. Join us.
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Keywords: Stripe, Schaumburg , Renewals Specialist, Other , Chicago, Illinois