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Full-Time

Senior Sales Executive

Confirmed live in the last 24 hours

Bankjoy

Bankjoy

51-200 employees

Provides digital banking solutions for financial institutions

Fintech
AI & Machine Learning
Financial Services

Compensation Overview

$120k - $140kAnnually

+ Commission + Performance-based bonuses

Senior, Expert

Remote in USA

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Communications
Lead Generation
Cold Calling
Requirements
  • 8 years of sales experience with 5+ years of experience closing 6-figure, enterprise SaaS deals to C-level decision makers
  • 2-3 years SaaS solutions to banks, credit unions or fintechs preferred
  • History selling mission critical applications across functional areas
  • The ability to manage challenging sales cycles
  • A consultative, thoughtful approach to selling
  • Consistent track record exceeding sales quota
  • Understand how to build a trusted advisor role with your prospects
  • Eagerness and ability to help solve difficult problems with your clients
  • Willingness to cold call and prospect to build pipeline
  • Strong organizational skills resulting in fast action with a focus on moving accounts thru the cycle
  • A strong sense of urgency to act quickly and decisively to move deals to close
  • Ability to travel 25-40%
  • Excellent verbal and written communication skills
Responsibilities
  • Own the full sales cycle from lead to close across a wide range of sources
  • Serve as a hunter, actively prospecting and networking within your territory to generate sales opportunities with FIs
  • Own and manage your territory as if it is your own business
  • Work with external consultants who own RFP processes on behalf of their FI clients
  • Understand the business needs of the FI and create a compelling narrative
  • Consciously move your opportunities through the sales cycle
  • Negotiate deals and manage objections
  • Navigate key decision makers to build awareness across a variety of organizations
  • Achieve and exceed sales quota largely through outbound sales efforts
  • Create sales forecasts that accurately reflect the health of your territory
  • Travel 25-40% to meet with prospects with an eye towards building lasting relationships
  • Collaborate and work with different organizations at Bankjoy (Support Manager, Customer Success Manager, Leadership, Product Management) to help close business
  • Provide recommendations based on customer's business needs and usage patterns
  • Conduct periodic win/loss assessments with colleagues across Bankjoy
  • Work trade show events to increase lead generation

Bankjoy provides digital banking solutions specifically designed for banks and credit unions. Their services cover a wide range of functionalities, including customer onboarding, mobile and online banking, and voice-activated services. The platform operates through a suite of integrated services, such as online loan origination and API solutions, which facilitate communication between different software systems. This allows financial institutions to easily add new features to their existing systems. Bankjoy differentiates itself from competitors by offering affordable pricing and a subscription-based model, which ensures that clients receive continuous updates and improvements. The main goal of Bankjoy is to help financial institutions modernize their digital interfaces and enhance customer satisfaction.

Company Stage

Series A

Total Funding

$30.8M

Headquarters

Royal Oak, Michigan

Founded

2015

Growth & Insights
Headcount

6 month growth

10%

1 year growth

26%

2 year growth

-1%
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Simplify's Take

What believers are saying

  • Winning the 'Best Digital Banking Platform' award at the FinTech Breakthrough Awards highlights Bankjoy's industry recognition and commitment to innovation.
  • The successful launch of digital banking platforms, like the one for Emporia State Federal Credit Union, demonstrates Bankjoy's ability to rapidly onboard and engage users.
  • Strategic partnerships, such as with Pinwheel, enhance Bankjoy's service offerings and provide significant competitive advantages in the digital banking space.

What critics are saying

  • The highly competitive fintech market requires continuous innovation to maintain a leading position, which can be resource-intensive.
  • Dependence on partnerships, like the one with Pinwheel, could pose risks if these collaborations face challenges or dissolve.

What makes Bankjoy unique

  • Bankjoy specializes in providing advanced digital banking solutions specifically for banks and credit unions, unlike broader fintech competitors.
  • Their subscription-based model ensures continuous updates and improvements, offering a reliable and evolving platform for financial institutions.
  • The partnership with Pinwheel for digital deposit switching (DDS) sets Bankjoy apart by significantly reducing friction in direct deposit setups, a common pain point for traditional banks.