Elasticsearch

Account Executive - Pursuit, East

Elasticsearch$94K — $149K *
Enterprise Technology
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of successful sales experience in SaaS and professional services to complex accounts
  • Proven track record of exceeding sales quotas and strong customer references
  • Deep knowledge of Enterprise Search, Logging, Security, APM, and Cloud environments
  • Strong relationship-building skills with IT and line-of-business executives
  • Accurate forecasting abilities using Salesforce (SFDC)
  • Familiarity with Open Source go-to-market strategies and community engagement

Responsibilities

  • Establish relationships and generate demand for Elastic solutions in new accounts
  • Identify and explore diverse use cases across Search, Security, and Observability
  • Manage the sales process from opportunity identification to closing complex deals
  • Develop a strong sales pipeline and strategic business plans
  • Meet and exceed monthly, quarterly, and annual revenue targets
  • Collaborate with various business functions at Elastic to enhance customer experience

Benefits

  • Competitive pay based on performance and not prior salary
  • Comprehensive health coverage for employees and families
  • Flexible work schedules and locations
  • Generous vacation policy
  • Corporate matching for donations and community service up to $2000
  • 40 hours of volunteer time per year
  • Enhanced parental leave with a minimum of 16 weeks
Full Job Description
What is The Role:

Elastic is searching for an Account Executive to expand our Pursuit customer accounts. Our Account Executives are individual contributors, focused on building new business and growing the Elastic footprint and ensuring our customers are successfully leveraging Elastic cloud solutions across their organization. Are you ready to help users tackle their hardest problems through the power of search? If so, we'd love to hear from you!

What You Will Be Doing:
  • Breaking in, building relationships and awareness, to create the demand and new business revenue for Elastic solutions within new accounts.
  • Uncovering new and diverse use cases for Search, Security, and Observability to solve key business initiatives in their organizations.
  • Working thoughtfully with customers to identify new business opportunities, managing through the sales cycle and closing complex transactions.
  • Building a robust pipeline and a long term business plan through community, customer and partner ecosystems to achieve significant Elastic growth within your accounts.
  • Delivering against monthly, quarterly annual revenue targets for New Business SaaS subscriptions and Professional Services contracts while maintaining the existing customer base.
  • Collaborating across Elastic business functions to ensure a seamless customer experience

What You Bring:
  • A track-record of success hunting to sell SaaS subscriptions and professional services into net-new complex accounts, demonstrated by overachievement of quota and strong customer references
  • A deep understanding and preferably experience selling into the ecosystem we live in, including Enterprise Search, Logging, Security, APM and Cloud
  • The ability to build relationships and credibility with both IT and LOB executives.
  • Predictability and accurate forecasting capabilities using SFDC
  • An appreciation for the Open Source go-to-market model and the community of users who rely on our solutions every single day
  • Previous experience selling into the accounts included in this territory

Bonus Points:
  • Previous experience selling in an Open-Source model


Compensation for this role is in the form of base salary plus a variable component, that together comprise the On-Target Earnings (OTE). On-Target Earnings (OTE) are based on a 50/50 pay mix (base salary / target variable).

The typical starting OTE range for new hires in this role is listed below. This range represents the lowest to highest OTE we reasonably and in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future.

An employee's position within the OTE range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, geographic location, performance, and business or organizational needs.

Elastic believes that employees should have the opportunity to share in the value that we create together for our shareholders. Therefore, in addition to cash compensation, this role is currently eligible to participate in Elastic's stock program. Our total rewards package also includes a company-matched 401k with dollar-for-dollar matching up to 6% of eligible earnings, along with a range of other benefits offered with a holistic emphasis on employee well-being.

The typical starting salary range for this role is:

$94,400-$149,400 USD

The typical starting Target Variable range for this role is:

$94,400-$149,300 USD

The typical starting On-Target Earnings (OTE) range for this role is:

$188,800-$298,700 USD

Additional Information - We Take Care of Our People

As a distributed company, diversity drives our identity. Whether you're looking to launch a new career or grow an existing one, Elastic is the type of company where you can balance great work with great life. Your age is only a number. It doesn't matter if you're just out of college or your children are; we need you for what you can do.

We strive to have parity of benefits across regions and while regulations differ from place to place, we believe taking care of our people is the right thing to do.
  • Competitive pay based on the work you do here and not your previous salary
  • Health coverage for you and your family in many locations
  • Ability to craft your calendar with flexible locations and schedules for many roles
  • Generous number of vacation days each year
  • Increase your impact - We match up to $2000 (or local currency equivalent) for financial donations and service
  • Up to 40 hours each year to use toward volunteer projects you love
  • Embracing parenthood with minimum of 16 weeks of parental leave

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