Full-Time

Business Development Manager

Posted on 10/25/2024

Compass

Compass

10,001+ employees

Real estate technology platform for transactions

Enterprise Software
Real Estate

Compensation Overview

$113.4k - $138.6kAnnually

+ Bonus + Restricted Stock Units

Senior, Expert

Seattle, WA, USA

Category
Business Development
Business & Strategy
Required Skills
Agile

You match the following Compass's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Real estate experience preferred
  • 5-9 years of experience in progressive business development roles
  • Ability to build and maintain account management processes
  • Strong consensus and relationship building skills
  • Legal contract management and vendor management experience
  • Ability to multitask within a fast-paced agile environment
  • Comfort with collaborating cross-functionally with internal product and engineering teams as well as with external stakeholders
Responsibilities
  • Establish an outreach and sales strategy to add new Compass vendors, expanding support to new markets and deepening relationships in existing ones
  • Leverage career experience, skills, and network to develop the sales process and tools needed to execute new agreements that facilitate growth and evolve the platform
  • Negotiate with real estate associations and MLS partners to close a wide variety of deals primarily for Forms and MLS listing data licensing, but quickly expanding to Forms enrichment and other MLS use cases
  • Maintain existing Forms and listing data licensing agreements to ensure uptime of the licensed data that powers the Compass platform, by tracking changes, maintaining relationships with internal and external partners, updating agreements as needed, and keeping organized records
  • Onboard new vendors to Glide & Compass software, including managing the form intake processes, membership verification setup, and range of other tasks to successfully launch new experiences
  • Foster a function of Account Management for vendors and partners who onboard, to ensure initial deployments are set up to meet or beat goals / KPIs (e.g. Form launches, adoption rates, data feed replacement timelines, etc.)
  • Build strong relationships with association partners who advocate for our services amongst their real estate agent member-base and who want to deepen their relationship with Compass
  • Organize training / marketing initiatives, and meet quarterly with top partners to update them on current products / adoption rates and to gather feedback
  • Grow our go-to-market team function across all major real estate markets, partnering with product and engineering teams to drive adoption
  • Collaborate with our Product Marketing team to strategize and deploy new product release strategies
  • Build new processes for scalable growth as the first BD / Account Management hire
Desired Qualifications
  • Real estate experience preferred

Compass provides a platform that simplifies the process of buying and selling real estate. The platform integrates various tools and services that assist both real estate agents and their clients throughout the entire transaction workflow. Users can access resources that help them navigate the complexities of real estate, making it easier to find and purchase homes or sell properties. Unlike traditional real estate firms, Compass leverages technology to create a more efficient experience, which helps attract both agents and clients. The company's goal is to ensure that everyone can find their ideal place to live.

Company Stage

IPO

Total Funding

$1.5B

Headquarters

New York City, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Compass is the largest U.S. residential real estate brokerage by sales volume.
  • Acquisition of @properties and Christie's International enhances domestic and international growth.
  • Adoption of AI-driven tools improves transaction accuracy and speed on Compass's platform.

What critics are saying

  • Increased competition from tech-adopting traditional firms may erode Compass's market share.
  • Integration challenges from acquisitions could disrupt Compass's operations.
  • Economic downturns could reduce property sales, impacting Compass's commission-based revenue.

What makes Compass unique

  • Compass offers a comprehensive end-to-end platform for real estate transactions.
  • The company leverages technology to streamline buying and selling workflows.
  • Compass operates in over 22 major U.S. regions, including New York and Los Angeles.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

Health Savings Account/Flexible Spending Account

Life Insurance

Disability Insurance

Family Planning Benefits

Fertility Treatment Support

Mental Health Support

Pet Insurance

Commuter Benefits

Performance Bonus

Employee Stock Purchase Plan

INACTIVE