Full-Time

Account Executive

Cpg

Posted on 11/20/2024

ibotta

ibotta

501-1,000 employees

Shopping rewards app for cash-back offers

Consumer Software
Consumer Goods

Compensation Overview

$81k - $104kAnnually

+ Variable Bonus

Junior, Mid

No H1B Sponsorship

Denver, CO, USA

Hybrid position requiring 3 days in office (Tuesday, Wednesday, and Thursday). Candidates must live in the United States.

Category
Field Sales
Sales & Account Management
Required Skills
Data Analysis
Requirements
  • 2-4 years of experience in a data-driven sales role
  • Bachelor’s degree preferred
  • Proven success breaking into and expanding enterprise accounts preferred
  • Experience selling digital, mobile, or media advertising solutions into verticals such as CPG, General Merchandise, or Retail preferred
  • Proven ability to sell into high-level leadership (including C-level) and to navigate potential customer organizations to connect with the business owner/decision maker
  • Excellent communication skills, both written and verbal (candidates do a mock pitch as part of the hiring process)
  • Expert negotiation skills with a demonstrated ability to close the deal
  • Flexibility, accountability, resourcefulness, to work with little direction in a fast-paced startup environment
Responsibilities
  • Meet/exceed annual revenue targets through the development, advancement, and closure of partnerships and execution of new businesses and expansion of existing business; utilizing data and analytics to sell Ibotta’s value proposition
  • Lead the complete sales cycle from opportunity identification to contract negotiation by working with clients, prospects, and internal teams
  • Develop and deliver sales presentations that educate prospective clients on Ibotta’s value proposition, roadmap, and partnership opportunities considering which products would best suit the client’s needs
  • Execute and deliver on initiatives (commonly cross-functional) that provide business impact beyond individual’s accounts
  • Travel up to 40%
  • Embrace and uphold Ibotta’s Core Values: Integrity, Boldness, Ownership, Teamwork, Transparency & A good idea can come from anywhere

Ibotta operates a shopping rewards app that connects brands with millennial consumers by offering cash-back rewards for purchases. Users earn cash back by shopping at partner retailers, which encourages them to shop more frequently and spend more per visit. Brands and retailers collaborate with Ibotta to promote their products through targeted advertising within the app, especially during major shopping events like Black Friday. Ibotta generates revenue by charging brands for featured placements and marketing campaigns designed to increase sales velocity and conversion rates. The company differentiates itself by providing valuable insights and tools that help brands understand consumer behavior, making it easier for them to reach their target audience effectively. Ibotta's goal is to enhance brand awareness and drive incremental sales for its partners while providing a rewarding shopping experience for consumers.

Company Stage

IPO

Total Funding

$58.4M

Headquarters

Denver, Colorado

Founded

2012

Growth & Insights
Headcount

6 month growth

1%

1 year growth

3%

2 year growth

10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Ibotta's successful IPO and strong market capitalization of $3.1 billion indicate robust financial health and growth potential.
  • The company's innovative marketing strategies, such as the 'Make It Rain' experiential campaign, demonstrate a commitment to creative consumer engagement.
  • Partnerships with major retailers like Walmart and Schnucks enhance Ibotta's market reach and credibility.

What critics are saying

  • The competitive landscape of the shopping rewards market could pressure Ibotta to continuously innovate to maintain its edge.
  • Dependence on partnerships with major retailers means that any disruption in these relationships could significantly impact Ibotta's business.

What makes ibotta unique

  • Ibotta's focus on millennial consumers and cash-back rewards sets it apart from traditional loyalty programs that may not resonate as strongly with this demographic.
  • The company's ability to drive incremental sales through targeted marketing campaigns provides a measurable ROI for brands and retailers, unlike more generic advertising platforms.
  • Ibotta's partnerships with major retailers like Walmart and its innovative experiential campaigns highlight its commitment to engaging consumers in unique and memorable ways.

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Benefits

Parental leave

Onsite gym

Dinner perk

Healthcare coverage

Culture club

401(k) match

Team wide bonus

Flexible time off

Equity

Lifestyle spending account