Renewals Specialist

Job Posted 3 Days Ago Posted 3 Days Ago
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Chicago, IL
Mid level
Payments • Software
The Role
The Renewals Specialist will collaborate with sales and customer success teams to manage contract renewals, drive revenue expansion, and optimize renewal processes.
Summary Generated by Built In

Who we areAbout Stripe

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 team

The 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 do

The 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 are

We'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.

Minimum requirements

  • 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

Top Skills

Crm Software
Data Analysis Tools
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The Company
HQ: Dublin, Dublin
5,360 Employees
On-site Workplace
Year Founded: 2010

What We Do

Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size—from new startups to public companies like Salesforce and Facebook—use the company’s software to accept online payments and run technically sophisticated financial operations in more than 100 countries. Stripe helps new companies get started and grow their revenues, and established businesses accelerate into new markets and launch new business models. Over the long term, Stripe aims to increase the GDP of the internet.

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