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Manager, Enterprise Account Management

Job Summary: 
The Manager, Account Management, will lead a team of Enterprise Account Managers responsible for the retention and expansion of our Enterprise clients. The Manager of Enterprise Account Management will have experience managing Enterprise HCM SaaS software Account Management teams.  Success will be measured based on renewal dollars and incremental ARR quota attainment. Retention is the lifeblood of our business, and your role is a critical part of the overall success of our revenue organization. 
 
Payscale has over 4,000 Enterprise-level customers and is proud to call some of the world's most successful organizations customers of our compensation platform.  We look for inspirational leaders who can build, manage, and grow business athletes who are ideal team players. You must be able to coach, mentor, and enable Account Managers who will be presenting to C-Level executives, senior leaders, and human resource professionals who are current Payscale customers.  
 
In this role, you will: 
  • Lead a team of Enterprise Account Managers, holding each individual accountable for exceeding their individual monthly ARR and Renewal quotas
  • Drive upsell and cross-sell ARR across the Enterprise segment
  • Hold weekly 1-1s to review activity, achievements, and attitude of your team
  • Present your forecast to the extended revenue leadership team, including your peers, marketing, finance, and legal leadership
  • Prepare pipeline reviews with your team
  • Coach AMs on account mapping, territory planning, campaign optimization, and prioritization
  • Coach AMs on deal-specific strategy, including product positioning, pricing, and negotiation of T&Cs
  • Stay current on industry trends and maintain a high-level knowledge of competitors' product offerings
  • Meet with the Demand Generation team to review campaign effectiveness and key KPIs 
  • Work cross functionally with our Customer Success team to gain deeper understanding of client adoption and engagement as well as overall client health.
  • Work with our legal, finance, and deal desk operations teams to structure amendments and deal terms that are consistent with accounting and auditing rules
  • Meet and exceed all monthly, quarterly, and annual sales quotas
  • Ensure proper customer satisfaction scores and align with retention strategies of the business
Qualifications:
  • A proven, customer-centric leader of Enterprise Account Management with experience driving revenue growth and retention across an existing global customer base
  • 3+ years software sales leadership experience (or equivalent) & a BA/BS degree strongly preferred
  • Strong preference for Human Capital Management sales experience compensation, talent management, benefit technologies, etc.
  • Proven track record of consistently exceeding sales team KPIs
  • A collaborative growth mindset, a bias towards action, a strong sense of accountability, and a beat-and-raise mentality are essential. 
  • Superior professional presence and business acumen
  • Experience selling at the "C" level, CHROs (Chief Human Resources Officer) a plus, and to other HR (Human Resources) personas. 

Compensation 

In the spirit of pay transparency, we are excited to share the OTE for this position is $280,000. This OTE is made up of a target base compensation of $140,000 and commission target of $140,000. If you are hired at Payscale, your final compensation will be determined based on factors such as skills, education, and/or experience. In addition to those factors – we believe in the importance of pay equity and consider any internal equity of our current team members as a part of any final offer. We also offer a generous compensation and benefits package (more information on benefits listed below).

About Payscale 

As the industry leader in compensation management, Payscale is on a mission to help job seekers, employees, and businesses get pay right and to make sustainable fair pay a reality. Empowering more than 65% of the Fortune 500, Payscale provides a combination of diverse and dynamic data sources, experienced compensation services, and scalable software to enable organizations such as Angel City Football Club, Panasonic, Mars Global, eBay, American Airlines and PetSmart to make fair and appropriate pay decisions. 

Pay is powerful. To learn more, visit www.payscale.com

Location 

Payscale has an employee centric remote-first model that provides you the flexibility to do your best work in a space that supports you, while also finding time to collaborate in person for the moments that matter. 
 
In our remote-first model, employees can work from the location that works best for them. We do not have centralized corporate offices. Employees can choose to work from home, in company-paid co-working spaces, or any combination of the two that best suits their unique needs. 

When it matters (usually no more than a few times a year) we take the time to gather for in-person events. 

Payscale has employees across the US, Canada, and the UK, however we are currently unable to hire in the Quebec Province, Northern Ireland, and Hawaii. 

Benefits and Perks   

All around awesome culture where together we strive to live our 5 values: 

  • Respect every individual, work as a team 
  • Be Customer first, customer centric 
  • Have a Bias towards action 
  • Commit to excellence (we give our best everyday) 
  • Make Data driven decisions 

An open and inclusive environment where you’ll learn and grow through programs and resources like:  

  • Monthly company All Hands meetings 
  • Regular opportunities for executive leadership exposure through things like AMAs 
  • Access to continued learning & development opportunities  
  • Our commitment to a continuous feedback culture which allows us to drive performance and career growth 
  • A growing network of Employee Resource Groups 
  • Company sponsored volunteer hours 
  • And more!  

Our more standard benefits 

  • Flex Paid Time Off, giving you flexibility to rest, relax and recharge away from work 
  • 15 Paid Company Holidays, including an extended Fourth of July break, World Mental Health Day, and Juneteenth 
  • A comprehensive benefits plan including medical, dental, life, vision, disability, and life insurance covered up to 100% by Payscale 
  • 401(k) retirement program with a fully vested immediate company match 
  • 12 weeks of paid parental leave for birthing or non-birthing parents 
  • Unlimited infertility coverage benefits through our medical plans 
  • Health Savings Account (HSA) options and company contribution each pay period  
  • Flexible Spending Account (FSA) options for pre-tax employee allocations 

Equal Opportunity Employer:  

We embrace equal employment opportunity. Payscale is committed to a policy of equal employment opportunity for all applicants and employees. It is our policy that employees will not be subjected to unlawful discrimination on the basis of race, color, religion, sex, age, national origin, or ancestry, physical or mental disability, veteran or military status, marital status, sexual orientation, political ideology, and any other basis protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including but not limited to: recruitment, hiring, transfers, promotions, training, discipline, termination, compensation and benefits, performance appraisals, education, and social and recreational programs. 

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates, so please don’t hesitate to apply — we’d love to hear from you. 

Fraud Alert: 

Payscale values security and privacy. During your job application and interview process, we will never ask for your personal banking or financial information, social security number, or other sensitive information, if you are unsure if a message is from Payscale, please email recruiting@payscale.com 

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Average salary estimate

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What You Should Know About Manager, Enterprise Account Management, Payscale

As the Manager of Enterprise Account Management at Payscale, you'll be at the helm of a vibrant team dedicated to nurturing and expanding our relationships with over 4,000 Enterprise-level clients. This is not just any management role; it requires a visionary like you who understands the nuances of Enterprise HCM SaaS solutions. Imagine leading passionate Account Managers who are experts in presenting to C-Level executives and senior leaders, all while focusing on retention and growth strategies that drive success. You'll have the opportunity to influence how we approach upselling and cross-selling ARR, while also coaching your team on account mapping and strategic deal-making. Each week brings new challenges and triumphs as you conduct 1-1s, review forecasts, and engage in pipeline discussions. Enhancing customer satisfaction and aligning with retention strategies are essential, and you'll work closely with our Customer Success team to achieve this goal. If you're an experienced, customer-centric leader ready to take on the challenge of exceeding monthly and quarterly quotas, and you're excited about fostering a culture of excellence, this position at Payscale could be your next big adventure.

Frequently Asked Questions (FAQs) for Manager, Enterprise Account Management Role at Payscale
What qualifications do I need to apply for the Manager, Enterprise Account Management position at Payscale?

To apply for the Manager, Enterprise Account Management position at Payscale, you should have at least three years of software sales leadership experience and hold a BA/BS degree. Additionally, experience in Human Capital Management sales, particularly with a focus on compensation and talent management, is highly preferred. A proven record of driving revenue growth and retention within an existing global customer base will also strengthen your application.

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What is the primary responsibility of a Manager, Enterprise Account Management at Payscale?

As the Manager, Enterprise Account Management at Payscale, your primary responsibility is to lead a dedicated team of Enterprise Account Managers. You'll focus on their performance in exceeding renewal quotas and driving upsell and cross-sell opportunities across our Enterprise segment. Your leadership is critical in ensuring retention and customer satisfaction, which are fundamental to our revenue organization.

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How does Payscale support the professional growth of Managers in Enterprise Account Management?

Payscale is committed to fostering the professional growth of its Managers in Enterprise Account Management by providing access to continuous learning and development opportunities. This includes monthly company-wide meetings, leadership exposure through AMAs, and a culture that emphasizes continuous feedback. You'll also have the chance to collaborate with other departments to enhance your strategic skills.

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What is the compensation structure for the Manager, Enterprise Account Management role at Payscale?

The compensation structure for the Manager, Enterprise Account Management at Payscale includes an On-Target Earnings (OTE) of $280,000, split evenly between a base salary of $140,000 and a commission target of $140,000. Your actual compensation can vary based on experience, skills, and internal equity, ensuring fair pay across the organization.

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What type of culture can I expect as a Manager at Payscale?

As a Manager at Payscale, you can expect to be part of an inclusive and dynamic culture that values respect, collaboration, and customer-centricity. The company prides itself on creating an environment where all employees can thrive, supported by ongoing feedback and opportunities for volunteering and networking through Employee Resource Groups.

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What are the key metrics for success in the Manager, Enterprise Account Management role at Payscale?

Success in the Manager, Enterprise Account Management role at Payscale is largely defined by your team's ability to meet and exceed monthly and quarterly sales quotas, as well as customer satisfaction scores. You're also expected to drive retention rates and incremental ARR growth, playing a pivotal role in the overall performance of the revenue organization.

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Can I work remotely as a Manager, Enterprise Account Management at Payscale?

Yes! Payscale embraces a remote-first work model, allowing you the flexibility to work from home or in company-paid co-working spaces. This approach is designed to support your productivity while encouraging in-person collaboration during important moments throughout the year.

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Common Interview Questions for Manager, Enterprise Account Management
How do you approach coaching your team of Account Managers?

In coaching my team of Account Managers, I focus on active listening and tailored guidance based on their individual strengths and weaknesses. I emphasize the importance of accountability and regularly hold 1-1s to discuss performance metrics, strategy, and personal development. This collaborative approach fosters a supportive environment that encourages continuous improvement.

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Can you describe a time when you successfully handled a challenging client situation?

Absolutely! In a previous role, I encountered a challenging situation with a key client who was dissatisfied with the service. By arranging a face-to-face meeting, I actively listened to their concerns and worked collaboratively on a customized solution. The outcome was an opened dialogue, improved trust, and a renewed contract that exceeded their expectations, showcasing the power of effective communication.

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What strategies would you implement to drive upselling and cross-selling?

To drive upselling and cross-selling, I would implement a data-driven approach to identify client needs and match them with relevant solutions. I would also encourage the team to build strong relationships by regularly checking in and offering valuable insights based on industry trends, which can lead to proactive discussions about expanding services.

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How do you stay informed about industry trends and competitors?

Staying informed about industry trends involves a combination of regular research, attending industry conferences, and engaging in conversations within professional communities. I also subscribe to relevant publications and maintain close relationships with colleagues in the field, allowing me to gain insights that inform our strategies.

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How do you measure and ensure customer satisfaction in your team?

I measure customer satisfaction through various metrics, including NPS scores, client feedback, and renewal rates. To ensure high satisfaction levels, I believe in proactive engagement, encouraging my team to regularly check in with customers and address any concerns promptly, fostering long-term relationships.

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What is your leadership style, and how does it benefit your team?

My leadership style is collaborative and transparent, focusing on building trust within my team. I prioritize open communication and encourage team input on strategic decisions, which fosters a sense of ownership and accountability. This approach not only boosts morale but also enhances team performance.

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How do you approach territory planning for your Account Managers?

In approaching territory planning, I emphasize a data-driven analysis of client potential, market trends, and historical performance. Collaboratively, we work to align territories with each Account Manager's strengths, ensuring they have a manageable scope that allows for focused efforts on growth and retention.

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Can you discuss your experience with sales forecasting?

Sales forecasting is a critical component, and I ensure it is based on historical performance and market insights. I involve my team in the forecasting process, analyzing pipelines, economic indicators, and customer behavior to create accurate and actionable forecasts that guide our strategies.

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What initiatives would you take to promote a data-driven culture in your team?

To promote a data-driven culture, I would implement regular training sessions focused on data analysis tools and techniques. Encouraging my team to leverage data for decision-making not only enhances performance but also empowers them to take ownership of their results, leading to increased accountability.

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How do you prioritize competing demands from clients and internal stakeholders?

Prioritizing competing demands requires effective time management and clear communication. I utilize a structured approach to prioritize tasks based on urgency and impact, and I regularly engage with both clients and internal stakeholders to ensure that expectations are aligned and addressed appropriately.

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Payscale gives employers and employees confidence to know the what and why behind pay. With our leading data, technology, and experience we make it easier for you to connect compensation to goals. As the industry leader in compensation managemen...

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DATE POSTED
November 27, 2024

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