Full-Time

VP – Client Renewal Executive

Posted on 8/27/2024

bswift

bswift

1,001-5,000 employees

Streamlines employee benefits and HR administration

Consulting
Enterprise Software

Compensation Overview

$150k - $175kAnnually

Expert

Remote in USA

Category
Customer Success Management
Sales & Account Management
Required Skills
Salesforce
Data Analysis
Requirements
  • 15+ years of experience in benefits administration, contract management, or related field, with strong track record in client relations and contract negotiations
  • Bachelor’s degree in business, Human Resources, or a related field (advanced degrees or certifications are preferred)
  • Proven experience in contracts management and execution, particularly with executive-level contacts, in the benefits administration domain
  • In-depth knowledge of employee benefits programs, regulations, and industry trends
  • Excellent communication, negotiation, and presentation skills to interact effectively with executive contacts
  • Strong strategic thinking and problem-solving abilities to address complex client needs
  • Analytical skills to assess data and make data-driven decisions
  • Ability to collaborate with cross-functional teams and manage multiple client contract renewals simultaneously
Responsibilities
  • Oversee the end-to-end process of contract renewals, including preparation, negotiation, and execution
  • Review existing contracts and work with internal leadership to assess client needs to propose appropriate adjustments, enhancements and new service(s)
  • Ensure all contractual terms meet client requirements and bswift company standards
  • Negotiate contract terms, pricing, and service levels with clients to ensure mutual satisfaction and compliance
  • Collaborate with internal teams (e.g., legal, finance, operations) to align on contract terms and conditions
  • Review contract performance (e.g., KPIs, FTEs, service utilization) and identify areas for improvement
  • Analyze contract performance metrics and implement strategies for optimization
  • Ensure contracts are renewed timely according to bswift client governance process
  • Provide renewal status report-outs to internal leadership via ongoing meetings and Salesforce reporting tools
  • Achieve high client retention rates through effective contract renewal execution and management
  • Meet or exceed renewal targets and revenue goals
  • Develop and execute strategies to enhance client satisfaction and retention
  • Identify opportunities for additional services or enhancements
  • Stay informed about industry trends, regulatory changes, and competitive benefits administration landscape
  • Apply industry knowledge to advise clients on best practices and potential improvements as part of contract renewal process
  • Ensure all contracts and related documentation are accurate, complete, and compliant with bswift company policies and legal requirements
  • Maintain organized records of contract negotiations, renewals, and amendments
Desired Qualifications
  • Customer-centric mindset, dedicated to delivering outstanding renewal services and value to clients
  • Highly organized, capable of executing complex, diverse client contract renewals and delivering on commitments
  • Results-driven, with a focus on achieving multi-year contract renewals based on client business objectives
  • Strong leadership skills, capable of influencing and inspiring both clients and internal teams
  • Adaptable and able to thrive in a fast-paced, dynamic environment
  • Integrity and ethical behavior in all client interactions

bswift simplifies the management of employee benefits and HR payroll for employers in the United States. They offer services like benefits enrollment and management, helping businesses of all sizes maximize the value of their benefits programs. What makes bswift different is their focus on client engagement and thought leadership, providing resources and hosting virtual events to assist clients. Their goal is to be a trusted partner for employers, ensuring smooth and effective administration of employee benefits.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$49.6M

Headquarters

Chicago, Illinois

Founded

1996

Growth & Insights
Headcount

6 month growth

10%

1 year growth

10%

2 year growth

10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for personalized benefits solutions boosts bswift's innovation.
  • Shift towards virtual benefits administration accelerates due to COVID-19 impact.
  • Subscription-based models provide bswift with steady revenue and client retention.

What critics are saying

  • Integration challenges with Evive and Davis & Company may cause operational inefficiencies.
  • New COO Amit Jain might lead to strategic shifts misaligned with client expectations.
  • Francisco Partners' acquisition could alter bswift's strategic direction, affecting client relationships.

What makes bswift unique

  • bswift integrates behavioral science into benefits platforms, enhancing employee engagement.
  • Acquisition of Davis & Company expands bswift's internal communication solutions.
  • bswift's personalized engagement platform uses data-driven personalization and predictive analytics.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Remote Work Options

Professional Development Budget

Mental Health Support

Employee Wellbeing Initiatives

Flexible Work Hours

INACTIVE