Full-Time

Account Executive

Small-to-Medium Enterprise

Confirmed live in the last 24 hours

DailyPay

DailyPay

501-1,000 employees

Provides daily access to earned wages

Fintech
Financial Services

Compensation Overview

$100kAnnually

+ Variable Incentive Compensation + Stock Options

Mid

Remote in USA

Candidate must be in Pacific Time.

Category
Inside Sales
Sales & Account Management
Requirements
  • 3+ years of experience in B2B inside or outside sales
  • Proven success at meeting and exceeding quotas, especially with longer sales cycles
  • Industry experience in HR Product or Service sales, enterprise sales or SaaS sales
  • Demonstrated ability to develop and manage relationships with key stakeholders including the C-suite
  • Success selling to multiple decision makers across several departments
  • Enthusiasm to enable our partners and our company to reach new levels of success
  • Highly analytical, data driven and detail oriented
  • Experience with Sandler Methodology, MEDDPICC, and strong prospecting mentality
Responsibilities
  • Become a DailyPay product maven and perfect your DailyPay presentation skills
  • Pitch and close qualified prospects via webinar, sales calls and in person presentations
  • Leverage relationships with product champions to expedite deals to close rate
  • Navigate corporate structures to demonstrate value to multiple team members
  • Use financial & analytical tools to communicate employee benefits to partner organizations
  • Own a pipeline of valuable relationships, consistently moving partners to a close
  • Consistently drive revenue production by meeting and exceeding a set quota

DailyPay provides a service that allows employees to access their earned wages on a daily basis instead of waiting for traditional pay periods like bi-weekly or monthly. This service works by partnering with businesses, which pay a fee to offer their employees the option of on-demand pay. By giving employees the ability to access their wages whenever they need them, DailyPay helps improve financial control and flexibility for workers. This approach is particularly beneficial in industries such as healthcare, retail, and restaurants, where high turnover rates are common. DailyPay's service has been shown to increase employee retention and satisfaction, with claims that it can save businesses millions in turnover costs. The goal of DailyPay is to enhance employee benefits and promote financial wellness, ultimately leading to a more engaged and stable workforce.

Company Stage

Debt Financing

Total Funding

$272.1M

Headquarters

New York City, New York

Founded

2016

Growth & Insights
Headcount

6 month growth

8%

1 year growth

18%

2 year growth

25%
Simplify Jobs

Simplify's Take

What believers are saying

  • DailyPay's service has been shown to increase employee time on the job by an average of 27%, which can significantly improve business operations and reduce turnover costs.
  • The company's recent $175 million funding round and 75% increase in valuation to $1.75 billion indicate strong financial health and growth potential.
  • Expanding its earned wage access solution to small businesses opens up a new market segment, potentially driving further growth and adoption.

What critics are saying

  • The departure of CEO Kevin Coop and transition to interim CEO Stacy Greiner could lead to strategic and operational uncertainties.
  • The competitive landscape in the fintech and employee benefits sectors is intense, with new entrants and existing players potentially eroding DailyPay's market share.

What makes DailyPay unique

  • DailyPay's focus on providing daily access to earned wages sets it apart from traditional payroll services that operate on bi-weekly or monthly cycles.
  • The company's service is particularly valuable in high-turnover industries like healthcare, retail, and restaurants, addressing specific pain points related to employee retention and financial wellness.
  • DailyPay's partnerships with major payroll providers like ADP and Acrisure enhance its market reach and integration capabilities, making it a more attractive option for businesses.

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Benefits

Competitive Pay

Stock Options

401(K) with 4% match

Unlimited PTO

Medical, Dental & Vision Plans

Daily Seamless Credit

Free LinkedIn Learning

Annual Learning Stipend

DailyPay for DailyPay