Full-Time

Regional Sales Manager

Life Sciences, Med Tech / Device, Net New

Posted on 11/16/2024

Model N

Model N

1,001-5,000 employees

Cloud-based revenue management solutions provider

Enterprise Software
Healthcare

Compensation Overview

$140k - $160kAnnually

+ Bonus + Commission

Senior

Remote in USA

Category
Field Sales
Sales & Account Management
Required Skills
Salesforce
Requirements
  • Build, own, & execute sales strategy for assigned geography.
  • Build, manage, drive pipeline and close net new business
  • Demonstrate product and industry knowledge and understanding of Model N’s unique Value Proposition and Model N way of selling.
  • Leverage various resources within Model N (Solutions Consultants, Partners, Support, Professional Services) in every phase of the sales cycle to drive discovery and deliver compelling business value propositions.
  • Maintain contacts and accurate Account/Opportunity data in Salesforce for assigned territory.
  • Achieve/exceed an annual sales quota for ARR, annual and quarterly funnel targets
  • Minimum of 7-10 years quota carrying in enterprise software / SaaS
  • Bachelor’s degree or equivalent
  • Successful track record selling complex solution suite such as ERP or Quote to Cash desired
  • Experience selling into the life sciences/Medical Technology industry
  • Pure hunter experience selling to new logos of companies with revenue $1B+
  • Effective prospecting skills getting into new logos
  • Challenger sales experience leveraging provocative method to inspire customer to change and be a trusted advisor throughout the solution sales process
  • Proven track record of cultivating C-suite relationships across multiple business divisions and functions
  • Ability to articulate complex value propositions
  • Expertise in Medtech Technology and Processes
  • Excellent Communication and Presentation Skills
  • Proven track record of following sales processes
  • 25%-50% Travel
Responsibilities
  • prospecting and closing new business within a designated set of named accounts
  • act as a business leader
  • manage own book of business/territory
  • run business meetings remotely and in person when needed
  • close complex deals

Model N provides cloud-based revenue management solutions specifically designed for the high-tech and life sciences industries. Their platform assists clients in maximizing revenue throughout the commercialization process, which includes improving the quote-to-cash process and enhancing relationships with channel partners. The solutions offered, such as Revenue Cloud for Pharma, Medtech, and High Tech, address the unique pricing, compliance, and revenue management challenges faced by these sectors. Clients subscribe to Model N's software-as-a-service (SaaS) model, allowing them to access a suite of tools and receive ongoing support and updates. Model N's services have proven to generate significant savings for customers, averaging $68 million per $1 billion of revenue, showcasing the effectiveness of their solutions. The company's goal is to help clients bring life-changing products to market more efficiently while navigating regulatory changes.

Company Stage

Acquired

Total Funding

$36M

Headquarters

San Mateo, California

Founded

1999

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

6%
Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition by Vista Equity Partners for $1.25 billion indicates strong market confidence and potential for growth.
  • Model N's solutions generate significant savings for clients, averaging $68 million per $1 billion of revenue, highlighting their value proposition.
  • Continuous innovation, such as the new rebate enhancement for Medicare Part D, demonstrates Model N's commitment to addressing evolving market needs.

What critics are saying

  • The acquisition by Vista Equity Partners may lead to strategic shifts that could impact company culture and operations.
  • Complex regulatory environments in the pharmaceutical and medtech sectors require constant updates, posing a risk if Model N fails to keep pace.

What makes Model N unique

  • Model N specializes in revenue management solutions tailored specifically for high-tech and life sciences industries, unlike broader SaaS competitors.
  • Their industry-specific solutions like Revenue Cloud for Pharma and Medtech address unique compliance and pricing challenges, setting them apart from generic revenue management platforms.
  • Model N's focus on regulatory compliance, such as the new Medicare Part D inflation rebate enhancement, ensures clients stay ahead of evolving laws, a critical advantage in the pharmaceutical sector.

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