Full-Time

Business Development Representative

Updated on 12/17/2024

Ontra

Ontra

201-500 employees

AI solutions for automating legal processes

AI & Machine Learning
Financial Services
Legal

Compensation Overview

$44.1k - $61.6kAnnually

+ Equity Grants + Commission

Entry, Junior

Chicago, IL, USA + 1 more

More locations: New York, NY, USA

Candidates must be based in New York City or Chicago.

Category
Business Development
Business & Strategy
Required Skills
Lead Generation
Salesforce
Requirements
  • 1+ year of experience conducting cold calls and sending cold emails (or other written outreach); experience within a global technology company preferred
  • You consistently strive for and exceed sales targets; there is no goal too large and no client too complex for you
  • You enjoy learning new skills and have experience adapting to new platforms quickly; experience with Excel, Salesforce, and Outreach a plus
  • You are comfortable communicating to a wide range of audiences with clear, concise, and compelling language
  • You are process-oriented and enjoy creating and maintaining systems upon which others rely
  • You have excellent time-management skills, can prioritize tasks appropriately, and work to streamline processes
  • You are a stickler for punctuation and grammar and consider yourself a go-to proofreading resource
  • You have the desire and ability to rapidly learn about new industries and the pain points of our target customers
Responsibilities
  • Support lead generation by conducting research and helping the Sales team curate prospect lists
  • Make 30 calls and send 50 emails per day in order to hit a goal of booking 10 meetings per month
  • Manage calendars, external resources, and efficiency tools to coordinate meetings, pitch activities, and conduct outbound campaigns
  • Help prepare for net-new meetings and sales pitches by preparing debriefs, write-ups, and other materials as needed
  • Execute sales outreach, support Account Directors and Account Executives in meetings, and manage follow-up activity to ensure smooth and consistent communication with prospects
  • Ensure data accuracy by entering new sales data, and by maintaining and updating Salesforce
  • Manage key action items and ad hoc requests for business development needs

Ontra.ai provides AI-powered solutions designed to automate legal processes specifically for investment firms. The company's software streamlines the intake, negotiation, and execution of routine contracts, such as Non-Disclosure Agreements (NDAs), by leveraging a global network of freelance legal professionals. This automation allows legal teams to concentrate on more strategic tasks rather than routine paperwork. Ontra also offers services to ensure compliance with contract obligations, tailoring its solutions to the unique needs of each client based on their investment strategies. With over 600 clients, including major firms like Blackstone and AllianceBernstein, Ontra differentiates itself by its deep understanding of the private markets and its ability to transform legal workflows throughout the entire fund lifecycle. The company's goal is to enhance efficiency in legal operations for investment firms, enabling them to focus on higher-value work.

Company Stage

Series B

Total Funding

$233.5M

Headquarters

San Francisco, California

Founded

2014

Growth & Insights
Headcount

6 month growth

4%

1 year growth

7%

2 year growth

11%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for AI-driven contract management in private equity boosts Ontra's growth potential.
  • Integration of GPT-4 enhances contract analysis and compliance efficiency for Ontra's platform.
  • Growing interest in AI legal tech among investment firms supports Ontra's market expansion.

What critics are saying

  • Emerging legal tech startups may erode Ontra's market share with similar solutions.
  • Data privacy concerns arise from integrating GPT-4 into Ontra's platform.
  • Dependence on freelance legal professionals might lead to inconsistent service quality.

What makes Ontra unique

  • Ontra combines AI with experienced attorneys for contract automation and intelligence.
  • The company serves over 600 investment firms, including Blackstone and AllianceBernstein.
  • Ontra's AI-enabled software automates routine contracts, freeing legal teams for strategic tasks.

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