Renewal Manager

Posted 21 Days Ago
Be an Early Applicant
Schaumburg, IL
Mid level
Design
The Role
The Renewal Manager is responsible for driving subscription and software service contract renewals to maximize recurring revenues. Key tasks include maintaining customer relationships, identifying at-risk renewals, executing local renewal strategies, and collaborating with various stakeholders to enhance customer satisfaction. The role requires regular reporting to upper management and a focus on increasing renewal rates.
Summary Generated by Built In

Renewal Manager
Purpose
Renewal Manager to drive the Renewals of Subscription and Software Service contracts to maximize the Annual Recurring Revenues.
 
The main focus of the position is to maximize the renewal revenue while options to expand Annual Recurring Revenues for our contracted customers Subscription and Software Service may be explored too. The main tasks are continuous customer contacts to ensure the complete processing of renewals. In the same way analyses data are used and applied to identify risky renewals in a very early stage to reduce churn and to keep customer loyalty high.
Accountabilities

  • Full responsibility for the renewals of small and medium size customers (internally C & D accounts) in all aspects of the renewal activities
  • Responsible for executing the local renewal strategy in order to avoid churn and to strengthen customer retention.
  • Working closely with local stakeholders Sales, Professional Services, Sales Administration and Marketing according to a local action plan with clear roles and responsibilities.
  • Continuous customer contacts to ensure a professional usage of EPLAN in combination with high customer satisfaction.
  • Perform on-boarding check for new customers after 90 days
  • Following customers after on-boarding, how they use the software and to make sure the user knows the full potential of the software.
  • Perform value realization Call after 180 days
  • Eyes and ears at the customer to identify at risk customers early in the cycle who have high potential of churn and develop resolution strategies.
    •  Identify at risk customers early and develop resolution strategies 
    • Identify potential for Expand and increasing customer satisfaction
    • Follow up on customer specific topics (PO letter status, Pricing information)
  • Identifying room for improvement to make the customer more successful.
  • Forecast trends and suggest on how to achieve increasing retention rates
  • Work with analytic tools and enhance them to identify early business risks
  • Regularly reports to Global Renewal Director and upper management.


Job Dimensions

  • Customer portfolio: Defined list of small and medium size customers (internally C & D accounts) within [Country / Region]
  • Product portfolio: Mainly Subscription and SWS Renewal contracts including all EPLAN products & services.
  • Objectives: Achievement of defined country/region renewal volume and connected renewal rate. Support maximizing contract value (incl. Upsell and conversion)
  • Travel about 5-10%,


Education

  • Bachelor or Master degree in engineering, business administration or similar disciplines.


Experience

  • 3+ years of sales experience in a renewal or subscription environment, ideally further experience either in sales administration or customer service in the technology/engineering environment.
  • Very good English and local language skills.
  • Customer orientated with strong consultative selling background, strong negotiation as well as objection handling skills.
  • Empathic and self-motivated with excellent communication skills, great listener and hands on mentality.
  • Team player, able to cooperate with different stakeholders on local level.
  • Revenue, data and KPI driven to close renewal and SUB extension deals.


Skills & Personal Competences:

  • Strong organization and negotiation skills;
  • An understanding of the business challenges associated with the market;
  • Strong interpersonal and presentation skills;
  • Excellent verbal and written communication skills;
  • Result driven team player; perseverance; proactive; initiative taker; problem solver; positive drive & attitude.


#LI-GM

The Company
HQ: Schaumburg, IL
0 Employees
On-site Workplace

What We Do

The EPLAN Data Portal serves as an exchange portal between manufacturers of components and the designers of electrical engineering. It provides the master data of one million parts plus more than 1.5 million configurable variants for download. In addition to alphanumeric parts data, this master data contains schematic macros, multi-language parts information, preview images, documents, etc. The data is directly integrated into the EPLAN platform during the download, reduces the configuration effort and increases the quality of the machines and system documentation.

Similar Jobs

Hybrid
Chicago, IL, USA
289097 Employees

Kraft Heinz Logo Kraft Heinz

Global Process Leader - Account to Report

Big Data • Cloud • Food • Machine Learning • Software • Database • Analytics
Chicago, IL, USA
38000 Employees
185K-231K Annually

UL Solutions Logo UL Solutions

Senior Business Manager - Integrated Energy Systems

Automotive • Professional Services • Software • Consulting • Energy • Chemical • Renewable Energy
Northbrook, IL, USA
15000 Employees
140K-187K Annually

UL Solutions Logo UL Solutions

Business Manager- Suppression, Sprinkler, Valves & Warehouse Storage

Automotive • Professional Services • Software • Consulting • Energy • Chemical • Renewable Energy
Hybrid
Northbrook, IL, USA
15000 Employees
132K Annually

Similar Companies Hiring

InspiringApps Thumbnail
Software • Mobile • Internet of Things • Enterprise Web • Design • Artificial Intelligence • App development
Boulder, CO
24 Employees
Altium Thumbnail
Software • Productivity • Other • Enterprise Web • Design • Cloud • Analytics
San Diego, CA
900 Employees
Asimov Thumbnail
Machine Learning • Design • Biotech • Artificial Intelligence
Boston, MA
95 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account