At a Glance
- Tasks: Lead renewals and contract management for existing and new customers in the EMEA region.
- Company: Vortexa uses AI and satellite data to revolutionize transparency in the energy industry.
- Benefits: Enjoy flexible remote work, private health insurance, and equity options.
- Why this job: Shape customer retention strategies and collaborate with diverse teams in a cutting-edge tech environment.
- Qualifications: 3+ years in B2B SaaS renewal and contract management with strong analytical skills.
- Other info: Join a vibrant team focused on continuous learning and global volunteering.
The predicted salary is between 43200 - 72000 £ per year.
Vortexa was founded to solve the immense information gap that exists in the energy industry. By using massive amounts of new satellite data and pioneering work in artificial intelligence, Vortexa creates an unprecedented view on the global seaborne energy flows in real-time, bringing transparency and efficiency to the energy markets and society as a whole.
The Role
As a Renewals & Contracts Manager at Vortexa, you will help ensure the success of our commercial functions with a focus on renewals for existing customers as well as contract development and management for new customer acquisition.
You will have the direct opportunity to lead and shape our Renewal and Contract Management strategy for our EMEA region, impacting a diverse range of internal stakeholders and departments.
You will have a relentless focus on maximising customer retention through successful contract renewals, leveraging best practices, tools and resources, all underpinned by a deeply collaborative approach.
This is an exciting opportunity to influence the future of our customer retention operations within a SaaS and DaaS business, working in close collaboration with Sales Directors, Regional Leads, Customer Success, Revenue Operations and Finance, Partnerships and wider commercial groups to identify areas for improvement and developing best practices and Playbooks for Renewals and Contract Management.
Role & Responsibilities:
Renewal Management
- Manage a portfolio of renewal accounts, with a primary focus on Europe and MENA clients, owning and managing price increases with a laser-focus on maximum retention.
- Ensure a timely and proactive renewal process, focusing on a smooth customer experience delivered with the highest level of professionalism.
- You will be instrumental in meeting business objectives transitioning legacy 12 month contracts into multi-year renewal commitments.
Contract Lifecycle Management
- Manage contract preparation, including proposals for new customer acquisition, quotes, contract amendments, approval routing, document management, aligning closely with RevOps, Finance and Legal teams.
- Assist in the standardisation of process for renewals and contract management.
Reporting and Process Optimisation
- Own reporting and dashboards related to your renewal portfolio, working towards agreed KPIs.
- Assist in the monthly and quarterly forecasting of renewals and churn risks to ensure execution of successful mitigation playbooks in collaboration with Sales and Customer success to meet GRR goals.
- Provide continuous feedback to support scaling this newly created function across the organisation and eventually into new regions.
Customer Relationship
- Partner closely with Sales and Customer success managers to ensure consistency of the client journey and closely understand client needs by leveraging customer health analytics.
- Mentor and knowledge share with wider commercial teams on best-in-class renewals experience for customers.
- Work closely with internal stakeholders including Sales, Customer Success, RevOps and Finance to accurately execute the renewals process, continuously seeking opportunities to improve and scale.
Minimum Requirements:
- At least 3 years’ experience in renewal and contract management within a B2B SaaS environment.
- Strong track record in client-facing renewal operations, with experience executing renewal programs and playbooks, spanning multiple regions, teams and departments.
- Demonstrable experience in leveraging analytics to meet and exceed renewals, retention and growth targets.
- Ownership of the end-to-end delivery of the renewals and contracts process with high attention to detail and accuracy.
- Experience working with various B2B software tools such as Salesforce, Gong, JIRA, Salesloft, Customer Success tools such as Vitally, DocuSign and other similar platforms.
- Ideally experience working with sales frameworks and playbooks such as MEDDICC or other.
- Ability to negotiate and drive mutually beneficial outcomes.
What We Offer:
- A vibrant, diverse company pushing ourselves and the technology to deliver beyond the cutting edge.
- A team of motivated characters and top minds striving to be the best at what we do at all times.
- Constantly learning and exploring new tools and technologies.
- Acting as company owners (all Vortexa staff have equity options) in a business-savvy and responsible way.
- Motivated by being collaborative, working and achieving together.
- A flexible working policy – accommodating both remote & home working, with regular staff events.
- Private Health Insurance offered via Vitality to help you look after your physical health.
- Global Volunteering Policy to help you ‘do good’ and feel better.
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Renewals and Contracts Manager- SaaS employer: Vortexa
Contact Detail:
Vortexa Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Renewals and Contracts Manager- SaaS
✨Tip Number 1
Familiarize yourself with the SaaS industry, especially in the context of renewals and contract management. Understanding the specific challenges and best practices in this field will help you stand out during discussions.
✨Tip Number 2
Leverage your experience with B2B software tools like Salesforce and DocuSign. Be prepared to discuss how you've used these tools to enhance renewal processes and improve customer retention in your previous roles.
✨Tip Number 3
Showcase your analytical skills by preparing examples of how you've used data to drive decisions in renewal management. Highlight any specific KPIs you've met or exceeded in past positions.
✨Tip Number 4
Demonstrate your collaborative approach by sharing experiences where you've worked closely with sales and customer success teams. Emphasize your ability to build relationships and ensure a seamless client journey.
We think you need these skills to ace Renewals and Contracts Manager- SaaS
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Renewals and Contracts Manager position at Vortexa. Understand the key responsibilities and requirements, especially focusing on renewal management and contract lifecycle management.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in renewal and contract management within a B2B SaaS environment. Provide specific examples of how you've successfully executed renewal programs and improved customer retention.
Showcase Analytical Skills: Demonstrate your ability to leverage analytics in your application. Mention any tools you have used, such as Salesforce or JIRA, and how you utilized data to meet renewals and retention targets.
Tailor Your Application: Customize your cover letter to reflect Vortexa's values and mission. Discuss how your collaborative approach aligns with their focus on teamwork and customer success, and express your enthusiasm for contributing to their innovative solutions in the energy industry.
How to prepare for a job interview at Vortexa
✨Understand the SaaS Landscape
Make sure you have a solid grasp of the SaaS industry, especially in relation to renewals and contract management. Familiarize yourself with common challenges and best practices in customer retention, as this will show your potential employer that you're ready to hit the ground running.
✨Showcase Your Analytical Skills
Be prepared to discuss how you've used analytics in previous roles to drive renewals and retention. Highlight specific metrics you've improved and tools you've used, such as Salesforce or other B2B software, to demonstrate your ability to leverage data effectively.
✨Demonstrate Collaboration Experience
Since the role involves working closely with various teams like Sales, Customer Success, and Finance, share examples of how you've successfully collaborated across departments in the past. This will illustrate your ability to foster teamwork and improve processes.
✨Prepare for Negotiation Scenarios
Expect to discuss negotiation strategies during the interview. Prepare examples of how you've navigated challenging negotiations in the past, focusing on achieving mutually beneficial outcomes. This will showcase your skills in driving successful contract renewals.