Principal Account Executive
Principal Account Executive

Principal Account Executive

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Drive sales by building relationships and closing deals with key clients.
  • Company: Join Veracode, a leader in SaaS-based application security solutions.
  • Benefits: Enjoy unlimited paid time off, flexible work arrangements, and comprehensive healthcare coverage.
  • Why this job: Be part of a high-growth company transforming application security in a dynamic environment.
  • Qualifications: 5-8 years of B2B sales experience, preferably in SaaS or IT sectors.
  • Other info: Travel up to 20% required; strong focus on team collaboration and personal development.

The predicted salary is between 43200 - 72000 £ per year.

Looking for an innovative, high-growth company in one of the hottest segments of the security market? Look no further than Veracode! Veracode is recognized as a premier provider of SaaS-based application security solutions, transforming the way companies secure applications in today’s software driven world. We provide our customers with a solid foundation on which to build security into their modern agile development processes.

Our Principal Account Executives are key individuals who prospect, maintain, and expand relationships with accounts in assigned territories. You will be responsible for the full sales cycle including outbound prospecting, building pipeline, and closing business. We are looking for PAE's who are self-starters with a hunter mentality, exhibiting a consultative selling approach with our customers and channel partners.

What you’ll be doing:

  • Learn the product offerings to become a subject matter expert for key clients.
  • Develop account and territory sales plans and strategies for assigned customer base to meet assigned sales quotas and goals.
  • Conduct outbound prospecting and maintain key relationships to educate current and potential clients on products and services.
  • Prepare and present sales proposals and quotations to clients.
  • Organize, track and maintain client account and contact information, as well as prospect updates in CRM database.
  • Review and negotiate complex agreements and be the primary contact for Veracode.
  • Own and resolve general sales inquiries pertaining to accounts and respond to RFPs.
  • Collaborate across the organization with business development, marketing, services, pre-sales engineering, renewals, development, and executive teams to ensure successful go to market strategies.
  • Attend and participate in trade shows and seminars as needed.
  • Participate in other tasks or projects as requested by supervisor/manager.

What we’re looking for:

  • 5-8 years of Sales experience selling B2B applications; on-demand/SaaS, IT Infrastructure Management.
  • Proven track record of selling to technical audiences like Security, Dev/Ops and IT Operations, and C-Level suite.
  • Strong business acumen and a proven history of quota over-achievement.
  • Ability to adapt to a rapidly expanding and changing environment at a high growth company.
  • Ability to work in both direct and channel selling environment.
  • Clear understanding of procurement, negotiations and deal closing.
  • Force Management experience desirable.
  • SFDC or equivalent CRM experience.
  • Travel required of up to 20%.

What’s in it for you:

  • Medical, Dental, and Vision Coverage to meet all your healthcare needs.
  • Unlimited paid time off and flexible work arrangements to support a healthy work-life balance.
  • Extensive development and training offerings to help you grow with us.
  • An annual contribution of 6% towards your pension.
  • Life assurance, personal accident, and long-term disability insurance.
  • Enhance parental leave initiatives as well as other family friendly benefits.
  • Annual fitness reimbursements and access to apps that support wellbeing.
  • Summer and end of year social events to bring the team together and celebrate our success.

Fraudulent Recruitment Alert - Be Aware and Stay Informed

At Veracode, we prioritize a secure recruitment process. Unfortunately, fake recruitment and job offer scams are on the rise. They aim to deceive candidates through emails and calls to obtain sensitive information. Here’s our recruitment promise to you:

  • Comprehensive Interview Process: We never extend job offers without a comprehensive interview process involving our recruitment team and hiring managers.
  • Offer Communications: Our job offers are not sent solely through email, and we will never ask you to pay for your own hardware.
  • Email Verification: Recruiting emails from Veracode will always originate from an “@veracode.com" email address. If you have any doubts about the authenticity of an email, letter, or telephone communication claiming to be from Veracode, please reach out to us at careers@veracode.com before taking any further action.

Principal Account Executive employer: Phylum

Veracode is an exceptional employer that champions innovation and growth in the dynamic security market. With a strong focus on employee development, we offer extensive training opportunities, unlimited paid time off, and a supportive work culture that values work-life balance. Our commitment to your success is reflected in our competitive benefits package and collaborative environment, making Veracode a rewarding place to advance your career as a Principal Account Executive.
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Contact Detail:

Phylum Recruiting Team

careers@veracode.com

StudySmarter Expert Advice 🤫

We think this is how you could land Principal Account Executive

✨Tip Number 1

Familiarise yourself with Veracode's product offerings and the application security market. Understanding the nuances of SaaS-based solutions will help you engage more effectively with potential clients and demonstrate your expertise during conversations.

✨Tip Number 2

Network with professionals in the security and IT sectors. Attend industry events, webinars, or local meetups to connect with individuals who may have insights into Veracode's culture and sales strategies, which can give you an edge in your approach.

✨Tip Number 3

Prepare to discuss your previous sales achievements in detail. Be ready to share specific examples of how you've successfully navigated complex sales cycles and built relationships with technical audiences, as this aligns closely with what Veracode is looking for.

✨Tip Number 4

Research the competitive landscape of application security solutions. Knowing how Veracode stands out from its competitors will allow you to articulate its unique value proposition effectively during interviews and discussions with potential clients.

We think you need these skills to ace Principal Account Executive

B2B Sales Experience
SaaS Sales Knowledge
Technical Selling Skills
Consultative Selling Approach
Account Management
Pipeline Development
Negotiation Skills
CRM Proficiency (SFDC or equivalent)
Strong Communication Skills
Business Acumen
Quota Over-Achievement
Adaptability to Change
Collaboration Skills
Presentation Skills
Understanding of Procurement Processes

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Principal Account Executive position. Tailor your application to highlight relevant experience in B2B sales, particularly in SaaS and IT infrastructure management.

Craft a Compelling CV: Your CV should clearly showcase your sales achievements, especially any experience with technical audiences and quota over-achievement. Use quantifiable metrics to demonstrate your success in previous roles.

Write a Tailored Cover Letter: In your cover letter, express your enthusiasm for Veracode and the security market. Highlight your consultative selling approach and how your skills align with their needs. Mention specific experiences that demonstrate your ability to develop account strategies and maintain client relationships.

Proofread and Edit: Before submitting your application, thoroughly proofread your documents. Check for spelling and grammatical errors, and ensure that your formatting is consistent. A polished application reflects your attention to detail and professionalism.

How to prepare for a job interview at Phylum

✨Know Your Product Inside Out

As a Principal Account Executive, it's crucial to understand Veracode's SaaS-based application security solutions thoroughly. Familiarise yourself with the product offerings and be prepared to discuss how they can benefit potential clients.

✨Demonstrate Your Sales Strategy

Be ready to share your approach to developing account and territory sales plans. Highlight your experience in outbound prospecting and maintaining key relationships, showcasing your consultative selling style.

✨Prepare for Complex Negotiations

Since you'll be reviewing and negotiating complex agreements, practice articulating your negotiation strategies. Be prepared to discuss past experiences where you successfully closed deals, especially with technical audiences.

✨Showcase Your Collaboration Skills

Collaboration is key at Veracode. Be ready to discuss how you've worked with various teams in previous roles, such as marketing or pre-sales engineering, to achieve successful go-to-market strategies.

Principal Account Executive
Phylum
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