Full-Time

Customer Growth Account Executive

Posted on 11/20/2024

Toast

Toast

5,001-10,000 employees

Technology platform for restaurant operations

Food & Agriculture
Enterprise Software

Compensation Overview

$115k - $184kAnnually

+ Uncapped Commissions

Entry, Junior, Mid

New York, NY, USA

Must be local to New York City.

Category
Inside Sales
Sales & Account Management
Growth & Marketing
Required Skills
Sales
Salesforce
Requirements
  • Must be local to New York City
  • Business development experience, inside sales closing experience preferred
  • History of meeting & exceeding monthly sales performance goals
  • Excellent time management and organization as well as written and verbal communication
  • A competitive and resilient nature as well as a self-driven sense of motivation
  • The ability to act as a consultant and get prospects to think differently about their business
  • Attention to detail & ability to thrive in a fast-paced transactional sales environment
Responsibilities
  • Working with existing Toast POS Customers to expand their product offerings with Toast and continue to help their business grow.
  • Identify and develop leads in your territory in this prospecting forward sales role as well as own the whole sales process, including: outbound prospecting calls, video meetings with clients, creating value propositions, negotiating contracts, and closing.
  • Be held to goals in terms of monthly sales revenue and unit bookings.
  • Utilize Salesforce CRM to manage all sales activities and pipeline.
  • Understand the competitive landscape (strengths, weaknesses, benefits) and determine how to best position Toast products.
  • Collaborate with New Business Sales Team, Services and Implementation teams to ensure that expectations set during the sales process are met in delivery.

Toast provides a technology platform tailored for the restaurant industry, offering a range of products and services that help streamline operations, enhance customer experiences, and increase profitability. Its main product is an all-in-one point-of-sale (POS) system that integrates mobile ordering, online ordering, and gift card management, along with features for sales reporting, employee management, and customer relationship management (CRM). This integration allows restaurants to minimize their dependence on third-party services, leading to cost savings. Toast operates on a subscription model, charging restaurants a recurring fee for platform access, while also earning revenue from transaction fees, hardware sales, and additional services like restaurant loans. The goal of Toast is to empower restaurants to optimize their operations and improve their financial performance.

Company Stage

IPO

Total Funding

$874.5M

Headquarters

Boston, Massachusetts

Founded

2011

Growth & Insights
Headcount

6 month growth

5%

1 year growth

17%

2 year growth

34%
Simplify Jobs

Simplify's Take

What believers are saying

  • Toast's innovative solutions, like the Digital Storefront and Marketing Suites, help restaurants attract and retain customers through enhanced digital experiences.
  • The launch of the Restaurant Management Suite and Advanced Restaurant Analytics provides enterprise brands with valuable insights and tools to optimize operations and drive growth.
  • Partnerships with major brands like Caribou Coffee and Choice Hotels demonstrate Toast's ability to secure high-profile clients and expand its market presence.

What critics are saying

  • The competitive landscape in restaurant technology is intense, with rivals like SpotOn continuously enhancing their offerings.
  • Integrating new acquisitions and technologies, such as Delphi Display Systems, may pose operational challenges and require significant resources.

What makes Toast unique

  • Toast offers an all-in-one POS system specifically designed for the restaurant industry, integrating functionalities like mobile ordering, online ordering, and gift card management, unlike generic POS systems.
  • The company's diversified revenue stream, including subscription services, transaction fees, hardware sales, and restaurant loans, provides financial stability and multiple growth avenues.
  • Toast's recent acquisitions and partnerships, such as with Delphi Display Systems and Google, enhance its technological capabilities and market reach.

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Benefits

Peer Nominated Toastie Awards

Professional Development Reimbursement Program

Sabbatical

Unlimited Vacation & Flexible Work Hours

Medical, Dental, & Vision Coverage + Wellness Stipend

Commitment to Employee Wellness