Enterprise Renewals Manager

Posted 24 Days Ago
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London, Greater London, England
Mid level
Cloud
The Role
The Enterprise Renewals Manager will manage the subscription renewal process, strategizing to achieve customer renewals, drive revenue and improve adoption while collaborating with sales and customer success teams.
Summary Generated by Built In

Get to know Okta
Okta is The World’s Identity Company. We free everyone to safely use any technology—anywhere, on any device or app. Our Workforce and Customer Identity Clouds enable secure yet flexible access, authentication, and automation that transforms how people move through the digital world, putting Identity at the heart of business security and growth. 
At Okta, we celebrate a variety of perspectives and experiences. We are not looking for someone who checks every single box - we’re looking for lifelong learners and people who can make us better with their unique experiences. 
Join our team! We’re building a world where Identity belongs to you.

The Enterprise Renewals Manager will work closely with internal resources to develop strategies to attain successful customer renewals and maximize customer usage. They will be responsible for achieving goals for renewal rate, growth, and term length. They will work directly with the clients on some accounts, and in partnership with both our Sales and Customer Success/TAM teams on other accounts. The key to success in this role is the ability to be incredibly strategic with all internal teams to help in identifying challenges in successful renewals.

As an Okta Renewals Manager you will:

  • Manage all aspects of the subscription renewal process for a defined set of customers to maintain and grow Okta revenue, drive long-term agreements, and ensure continuous access to Okta products and services.
  • Lead pricing strategy and negotiations for 20-35 renewals and $2M+ in ARR each financial quarter
  • Convey the value proposition for Okta product subscriptions, technical support, and other services and reinforce the value the customer has experienced in their existing contract
  • Collaborate with the assigned Customer Success Manager, Account Executive and relevant management to develop and execute renewals strategy, improve product adoption, and address churn risk in the business
  • Provide timely proposals and quotes in line with terms of customer and/or partner agreements
  • Work closely with Finance and Legal teams to ensure all contracts meet customer and Okta needs
  • Track and maintain customer data and renewal information in Okta systems, including Salesforce and Gainsight
  • Accurately forecast renewal pricing, timing, and risks
  • Work on assigned projects and take initiative to improve the way our team operates
  • Travel to London HQ once a quarter for Team Enablement and planning sessions 

You could be a great fit for this role if you have:

  • Fluent Dutch, Iberian or Nordic language speaker 
  • 3-5 years of direct renewals experience in current role
  • Comfort in planning/negotiating 25-35 deals per quarter ranging from $50K - $2m focussing on WEMEA but can dip into other regions 
  • Ability to tactfully close deals with a high degree of integrity and independence
  • Highly organised with strong attention to detail
  • Strong oral, written and presentation skills
  • Ability to organise, prioritise, complete activities and meet deadlines on a daily basis
  • Requires ability to withstand and balance frequent and intense pressure as a result of demanding workload and must be able to maintain a positive and professional manner throughout
  • Experience recording information in Salesforce and previous experience of DocuSign
  • Team player who enjoys assisting where needed and finding creative ways to help
  • High activity level, enthusiastic, self-motivated, tenacious
  • Proven influencer and negotiator with procurement all the way to C-Level

#LI-Remote

#LI-JP3

What you can look forward to as a Full-Time Okta employee!

  • Amazing Benefits
  • Making Social Impact
  • Developing Talent and Fostering Connection + Community at Okta

Okta cultivates a dynamic work environment, providing the best tools, technology and benefits to empower our employees to work productively in a setting that best and uniquely suits their needs. Each organization is unique in the degree of flexibility and mobility in which they work so that all employees are enabled to be their most creative and successful versions of themselves, regardless of where they live. Find your place at Okta today! https://www.okta.com/company/careers/.
Some roles may require travel to one of our office locations for in-person onboarding.

Okta is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, ancestry, marital status, age, physical or mental disability, or status as a protected veteran. We also consider for employment qualified applicants with arrest and convictions records, consistent with applicable laws.
If reasonable accommodation is needed to complete any part of the job application, interview process, or onboarding please use this Form to request an accommodation.

Okta is committed to complying with applicable data privacy and security laws and regulations. For more information, please see our Privacy Policy at https://www.okta.com/privacy-policy/. 

Top Skills

Docusign
Gainsight
Salesforce
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The Company
HQ: San Francisco, CA
6,000 Employees
On-site Workplace
Year Founded: 2009

What We Do

Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential. More than 10,000 organizations, including JetBlue, Nordstrom, Siemens, Slack, T-Mobile, Takeda, Teach for America, and Twilio, trust Okta to help protect the identities of their workforces and customers.

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