Full-Time

Account Executive

Large Accounts

Posted on 11/19/2024

Ramp

Ramp

1,001-5,000 employees

Corporate card and spend management platform

Fintech
Financial Services

Compensation Overview

$233.8k - $275kAnnually

+ Equity

Senior

New York, NY, USA

Relocation support for NY.

Category
Field Sales
Sales & Account Management
Required Skills
Sales
Salesforce
Requirements
  • Minimum 5 years of quota-carrying direct SaaS sales experience in a full cycle closing role with strong prospecting, qualifying, negotiating, and closing skills
  • Experience closing upwards of 20 deals a quarter, with an average deal size about 50K in ACV
  • Ability to discuss Ramp's value proposition with C-level executives, finance teams, and decision makers
  • Experience with outbound prospecting and conducting product demonstrations
  • Consultative sales approach and comfortable leveraging analytical & quantitative skills
  • Consistent track record of hitting or exceeding sales targets in a fast-paced environment
  • High adaptability and understanding of change within the evolution of a startup
  • Excellent verbal and written communication skills
Responsibilities
  • Drive revenue for Ramp, owning the entire sales cycle through close
  • Develop strategies for closing opportunities within your assigned territory
  • Leverage sales methodologies to uncover customer needs and pain points
  • Articulate Ramp’s value proposition by using the appropriate sales qualification standards
  • Own sales activity and monthly revenue forecasting in Salesforce
  • Collaborate with product, design, and engineering teams to incorporate customer feedback

Ramp provides a corporate card and spend management platform that helps businesses track expenses and save money. The platform allows finance teams to manage corporate cards, expense reports, and bill payments in one place, and it integrates with tools like Slack for added convenience. Ramp serves a wide range of clients, from large enterprises to creative agencies, and aims to reduce overall expenses through its comprehensive financial tools. Unlike competitors such as Amex and Brex, Ramp generates revenue through interchange fees on card transactions and subscription fees for advanced features. The company's goal is to streamline financial operations for businesses and help them achieve significant cost savings.

Company Stage

Series D

Total Funding

$1.1B

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

3%

1 year growth

-8%

2 year growth

82%
Simplify Jobs

Simplify's Take

What believers are saying

  • Ramp's recent $150M funding round, co-led by prominent investors like Khosla Ventures and Founders Fund, underscores strong financial backing and growth potential.
  • The launch of Ramp Travel expands the company's service offerings, potentially increasing its market share and customer base.
  • Partnerships with industry leaders like Priceline and Ascenda enhance Ramp's platform capabilities, making it more attractive to businesses looking for integrated financial and travel solutions.

What critics are saying

  • Entering the competitive business travel market could stretch Ramp's resources and focus, potentially impacting its core financial automation services.
  • The need to continuously innovate and integrate new features may lead to operational complexities and scalability challenges.

What makes Ramp unique

  • Ramp's integration with Priceline for business travel booking sets it apart by combining financial automation with travel management, a unique offering in the finance operations space.
  • The company's focus on automating non-strategic work and providing comprehensive spend analytics offers a clear advantage over traditional expense management solutions.
  • Ramp's partnership with Ascenda to offer flexible rewards redemption options further differentiates it by adding value to every dollar spent by its customers.

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Benefits

Competitive salaries: You never have to wonder how your pay compares. Our generous comp reflects our belief that you’ll take Ramp to the next level.

Comprehensive health plans: US-based employees get full medical, dental, and vision insurance coverage. Everyone gets a monthly stipend for personal wellness.

Professional development: Take advantage of our annual education stipends to stay on top of your personal growth.

Unlimited PTO: Flexible vacation days give you the time to step away, unwind, and recharge.