Full-Time

Head of Channel Relationship Sales

Posted on 12/20/2024

Guideline

Guideline

201-500 employees

Affordable 401(k) and IRA retirement plans

Fintech
Financial Services

Compensation Overview

$260k - $330kAnnually

+ Sales Incentive Program + Equity (ISOs)

Expert

Remote in USA

Category
Strategic Account Management
Sales & Account Management
Required Skills
Sales
Marketing
Requirements
  • Proven experience (10+ years) in partnerships or business development within the B2B SaaS industry, with a focus on SMB/Midmarket
  • Demonstrated success in building and scaling partnership programs from scratch
  • Excellent negotiation and relationship management skills
  • Strategic thinking and analytical capabilities to identify and capitalize on market opportunities
  • In-depth knowledge of the 401k industry, as well as payroll and HR sectors
  • Strong leadership skills with the ability to build and mentor high-performing teams
  • Track record of driving revenue growth through partner-sourced and influenced channels
Responsibilities
  • Develop and execute a comprehensive strategic partnership strategy to drive sales referrals and co-selling opportunities
  • Identify, cultivate, and manage relationships with key partners in the 401k, payroll, and HR industries
  • Build and lead a team of channel relationship managers, establishing clear goals, metrics, and processes
  • Collaborate with cross-functional teams (sales, marketing, product, and strategic partnerships) to optimize joint selling and marketing strategies
  • Implement data-driven practices to measure and improve sales-partnership performance

Guideline provides affordable and customizable 401(k) retirement plans and Individual Retirement Accounts (IRAs) for businesses of all sizes, particularly targeting small to medium-sized enterprises and specific sectors like dental practices. Their service includes end-to-end management of retirement plans, featuring automatic enrollment, low monthly fees, and compliance testing. Guideline acts as a 3(38) fiduciary, managing investment options to prioritize employees' best interests. The company operates on a subscription model, charging a low monthly fee that covers essential services, with options for additional features like profit sharing and matching. They also offer Guideline Pro, a platform for financial professionals to assist clients in managing retirement plans effectively. The goal of Guideline is to make retirement savings more accessible and affordable, helping more individuals prepare for their financial future.

Company Stage

Series E

Total Funding

$329.8M

Headquarters

San Mateo, California

Founded

2015

Growth & Insights
Headcount

6 month growth

1%

1 year growth

2%

2 year growth

-5%
Simplify Jobs

Simplify's Take

What believers are saying

  • The SECURE Act 2.0 encourages small businesses to offer retirement plans, boosting Guideline's market.
  • Increased demand for digital financial services benefits Guideline's digital-first approach.
  • Guideline's subscription-based pricing aligns with popular industry trends, attracting more clients.

What critics are saying

  • Increased competition from fintech companies could erode Guideline's market share.
  • Reliance on Vanguard for mutual funds poses a risk if partnership terms change.
  • New product launches may strain resources and lead to operational challenges.

What makes Guideline unique

  • Guideline offers a flat fee per participant, unlike asset-based fee models.
  • Guideline acts as a 3(38) fiduciary, managing investment options for clients.
  • Guideline's platform supports automatic enrollment and comprehensive compliance testing.

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Benefits

Flexible vacation policy

Company equity

401(k) with matching contributions

100% paid employee insurance coverage

Annual learning & development stipend

Parental leave

Sabbatical after 5 years of employment