TLDR;
Location: 2-3 days a week in the office (NYC) or on a client site
Reporting to: Steve Cargill, USA Sales Director
On Target Earnings: $320,000 - $360,000
Base Salary: $160,000 - $180,000 + Equity
Sales at hyperexponential
The hyperexponential Sales team has been immensely successful. Having first established our Sales and Marketing teams in 2021, we've achieved a huge amount in only four years and are continuing to do so.
In 2023/24 we doubled our revenue. We recently received our Series B raising $73M and are on a path to unicorn status. Our plan is to reach $100M in revenue in the next 2-3 years, which is very achievable. 2025 is going to be our biggest year yet.
Our client base includes some of the biggest and best insurers and reinsurers in the world, including Sompo, Markel, Beazley, Aspen, Ascot, Aviva, Convex, Canopius, Aegis, Inigo and one of the "Big 5" US insurers. This is a testament to the quality of our product and its ability to solve the most prevalent challenges in the industry.
Sales at hyperexponential are high-touch – requiring the winning over of multiple stakeholders over a long period of time. We focus on clients with >$100M revenue and deals that drive $150K - $1M+ pa ARR. The Strategic Team, work on the largest and most prestigious companies in hx and across the insurance industry. The first US pod hire will be expected to support on a spectrum of opportunities as we make the most of the opportunity in the US market
We are looking for a Senior Strategic Account Executive who has well-grounded sales acumen, and a proven track record of hitting/exceeding their numbers and want to be part of creating something revolutionary. Reputation is fundamental in this industry so we need people who can build credibility throughout the sales process and take pride in their technical and industry know-how, winning over the hearts and minds of actuaries, underwriters, IT and C-Suite.
Your Mission
Is to be part of reaching hx’s goal of unicorn status and becoming a $100M revenue company! You will be one of the first US hires into the Strategic Accounts pod, which is part of an elite Global Strategic team (of 5 AEs) working on our largest accounts.
You'll be responsible for helping establish what best-practice sales look like in the US market and ultimately helping us scale GTM fit in the US. This will be an exciting journey, giving you access to all senior levels of hx, a network of senior executives across the industry and helping revolutionise the insurance industry.
Our risk modelling SaaS platform, hx Renew, helps (re)insurers to make better pricing decisions with data. The pricing decisions they make are critical to the growth, profitability and longevity of their organisation. Making better pricing decisions is critical to society and everything that we see and do. By insuring risks, companies and people are able to make bold decisions, building skyscrapers and even putting rockets on the moon. This industry has not seen much innovation up until very recently so our opportunity and product market fit here is unrivalled.
Having already proven our solution in the market with large enterprise accounts, signing multi-year, seven-figure partnerships, your mission is to help hx grow to a billion-dollar valued software company through new client acquisition and growth in the US.
Key Responsibilities
Develop a sales plan using 5 key accounts to prospect, build, manage and close deals, while ensuring coverage and penetration of your assigned territory
Strategically manage relationships with multiple senior stakeholders; including C-Suite contacts such as CUO, COO, CFO and CIO
Build your pipeline, and then effectively qualify them such that you identify the ones you target to close in-year and the ones you nurture for subsequent years. This will be particularly important as we scale - we already have a large pipeline of potential opportunities so we will need to be efficient with our efforts
Effectively engage internal resources at appropriate stages in the sales cycle to advance the opportunity, including pre-sales engineers, professional services, and leadership as needed
Collaborate with a Sales Development Representative on lead generation, coverage plan, and existing account expansion
Pipeline generation into own list of named accounts - it is important that any AE at hyperexponential is willing and wanting to outbound. This is a key part of our GTM
Build strong relationships with system integrators and resale partners
Work closely with our Marketing team on building a world-class demand-generation machine
Collaborate with our Head of Learning, Head of US P&C, and Solutions Engineers. When we'll be building a community around our product, Renew, and introducing industry-first Training & Certification services
Participate in marketing events to engage prospects and present hyperexponential’s value
Initial Deliverables
Build an understanding of the subject matter, our product - Renew - and the insurance sector in general, through our carefully designed onboarding process and with our full support!
Establish relationships within hx, with the core teams who will be critical to your success including Customer & Product teams
Create a plan to hit your target and start executing that plan, including delivering corporate presentations and articulating the value that hx has brought to our customers and prospects
Learn our internal systems including CRM so that you can start to build out territory plans and track sales activities
Persona
If you're the right fit for this role, you will be able to show clear evidence that you are:
A self-starter with the ability to own/drive your own territory and initiatives for success
Independent & unusually proactive
Someone who delivers on commitments - sets yourself ambitious goals and achieves them
Highly data-driven and results-orientated
A person who has intrinsically high standards - you will set the standard in your team
Unwaveringly enthusiastic - because being the first to do this in an industry can be challenging!!
A team player and able to engage and work with the wider hyperexponential team - we win and fail as a team
An active listener - someone who can take on feedback and respond to what the audience wants
Organised and a good planner - able to manage engagements with multiple stakeholders in parallel
Persistent and confident in your approach (but without ever being arrogant!)
Experience and Skills
Successful experience in B2B SaaS complex solution selling with a focus on hunting new business
Strong ability to communicate and present software product demonstrations
Proven ability to meet and exceed a $2 million+ sales quota, while creating and driving client-centric strategies
Track record of sales performance and exceeding sales targets over their career
Preferred experience selling into line-of-business functions and into complex client environments
Experience using SFDC and other tools to accurately keep track of and forecast on all activities and opportunities
Strong sales methodology and structured approach to driving results ideally including MEDDICC, Sandler, Challenger & Value Based Selling
Interview Process
Initial call with our Talent team to kick things off
Manager Interview with Sales Director
Territory, Pipeline & Closing interview
Values Interview
Meet our CRO
We offer!
Please note that background checks will be conducted as part of the hiring process to ensure compliance with our governance policies. We handle all background checks sensitively and in full compliance with relevant regulations. All applicant data will be processed in accordance with data protection regulations and our privacy policy.