Account Executive - Enterprise (Lending) - Remote

PayNearMe; Santa Clara (CA); Remote; USD 110,000 - 125,000; Full time

Job summary

PayNearMe is seeking an Account Executive to drive growth in the lending sector. This role involves managing a full sales cycle for named accounts, leveraging payment solutions to secure new business. The ideal candidate will have extensive enterprise sales experience and a strong understanding of the payments landscape, contributing to the company's mission of simplifying payment processes.

Benefits

100% Remote

Stock options with standard startup vesting

$50 monthly communication expense stipend

$250 stipend for WFH setup

Premium medical benefits including vision and dental

401k plan

Flexible Time Off

Paid parental bonding leave

Paid sick leave

13 scheduled holidays

Qualifications

• 5+ years of enterprise sales experience focused on payments.
• In-depth understanding of payment processes and regulatory landscape.
• Proven track record of meeting sales targets.

Responsibilities

• Expand PayNearMe’s presence within large accounts in the lending sector.
• Engage in daily business development activities.
• Achieve and exceed bi-annual sales quotas.

Skills

Enterprise sales experience

Payment processes knowledge

Communication skills

Business development

Salesforce proficiency

Consultative sales approach

Industry trends knowledge

Education

Bachelor’s degree in Business or Finance

Tools

Salesforce

Job description

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Company Description

PayNearMe develops technology to facilitate the end-to-end customer payment experience, making it easy for businesses to accept, disburse and manage payments. Our modern and reliable platform lowers the total cost of payments by increasing acceptance rates, driving self-service and simplifying exceptions. We future-proof our clients’ payments roadmap by including all payment types and channels through a single contract and integration.

Company Description

PayNearMe develops technology to facilitate the end-to-end customer payment experience, making it easy for businesses to accept, disburse and manage payments. Our modern and reliable platform lowers the total cost of payments by increasing acceptance rates, driving self-service and simplifying exceptions. We future-proof our clients’ payments roadmap by including all payment types and channels through a single contract and integration.

With PayNearMe, businesses can transform the outdated systems holding them back from achieving progress.

PayNearMe has over 200 employees, raised a $45M Series D round in June 2023, and processes billions in payments annually. Headquartered in Silicon Valley, our team is distributed across the U.S. Join us in solving our clients’ biggest payment challenges.

Job Description

As an Account Executive focused on large, complex Enterprise Sales, you will play a crucial role in fueling PayNearMe’s growth by securing new business within 25-40 named accounts in the lending sector. You'll be responsible for the full sales cycle, from prospecting to closing, leveraging your knowledge of payment solutions to meet and exceed sales targets. You will also participate in post-sale project meetings to ensure launch attainment for secured deals.

Key Responsibilities

• Strategically expand PayNearMe’s presence within large accounts, focusing on the lending industry and adjacent sectors.
• Engage in daily business development activities, including lead follow-up and targeted account prospecting.
• Achieve and exceed bi-annual sales quotas, maintaining a robust sales pipeline through Salesforce.com.
• Achieve and maintain attainment targets for launched accounts.
• Master and maintain comprehensive knowledge of PayNearMe’s product suite, ensuring you can effectively address client needs.
• Challenge prospects existing business processes and educate on new technologies to address legacy business pains
• Identify key buying personas and ability to discuss relevant business challenges for each
• Lead team to effectively respond to Requests for Proposal (RFP) and Requests for Information (RFI).
• Provide feedback and market intelligence to our marketing and product development teams to aid in PayNearMe’s evolution.
  
  

Qualifications

• 5+ years of enterprise sales experience, specifically focused on payments, with a strong preference for experience in the lending sector.
• In-depth understanding of payment processes, solutions, and the regulatory landscape relevant to the lending industry.
• Proven track record of meeting or exceeding sales targets in enterprise-level B2B sales.
• Bachelor’s degree in Business, Finance, or a related field; equivalent experience may be considered.
• Exceptional ability to communicate and present effectively to high-level executives and decision-makers.
• Experience with CRM systems, with a preference for Salesforce, including managing pipelines, forecasting, and tracking performance metrics.
• Familiarity with Challenger Sales Methodology or similar consultative sales approaches is a plus.
• Self-motivated, results-oriented, and adaptable to fast-paced and evolving team environments.
• Up-to-date knowledge of industry trends, competitor activities, and the payments and lending sector.
• Willingness to travel as required to engage with clients and represent the company at industry events.
  
  

Additional Information

Location: Flexible/Remote (within the US)

Salary Range: $110,000 - 125,000 (base salary)

Variable: $100,000

Great Compensation Package Plus Extensive Benefits, Including

• 100% Remote (must be in US)
• Base salary per year (paid semi-monthly)
• Fast- paced and professional work culture
• Stock options with standard startup vesting - 1 year cliff; 4 years total
• $50 monthly communication expense stipend to go towards your phone/internet bill
• $250 stipend to enhance your WFH setup
• Reimbursement for peripheral equipment: monitor (up to $400), keyboard and mouse (up to $200)
• Premium medical benefits including vision and dental (100% coverage for employees)
• Company-sponsored life and disability insurance
• Paid parental bonding leave
• Paid sick leave, jury duty, bereavement
• 401k plan
• Flexible Time Off (our team members typically take off ~3-4 weeks per year)
• Volunteer Time Off
• 13 scheduled holidays
• 2x / year in-person team meet-ups (2-3 days, company paid)
  
  

PayNearMe strives to create a workplace where all employees thrive. Our core values represent who we are today and we take pride in the way we work with each other as well as with our stakeholders.

We’re in this together to do the right thing. We deliver real results we are proud of while remaining respectful, transparent, and flexible.

PayNearMe is an equal opportunity employer. We are diligently and thoughtfully working towards cultivating a diverse workforce which in turn, enhances our products and services for the communities we serve. Applicants who represent all backgrounds are strongly encouraged to apply.

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CALIFORNIA CONSUMER PRIVACY ACT: APPLICANT NOTICE

Candidate information will be treated in accordance with our job applicant privacy notice found at: https://home.paynearme.com/ccpa-privacy-notice-jobs-employees/

Assistance for Disabled Applicants

Alternative formats of this Notice are available to individuals with a disability. Please let us know if you need assistance.

All your information will be kept confidential according to EEO guidelines.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Sales and Business Development

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