Key Account Manager (Semiconductor) - Austin, TX

Festo SE & Co. KG

$100K — $120K *
US-Anywhere
+ 2 other locationsRemote
Technical Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of relevant professional experience in sales and account management
  • University degree in engineering or business studies; electrical engineering is advantageous
  • Postgraduate study in Technical Business or Business Administration is a plus
  • Technical and business knowledge relevant to the automation industry
  • Excellent communication and negotiating skills

Responsibilities

  • Develop and implement account management strategies for key accounts
  • Build and maintain strong relationships with key decision-makers
  • Understand customer needs and provide tailored solutions
  • Collaborate with internal teams to ensure service delivery
  • Negotiate contracts and pricing agreements for profitability
  • Analyze customer needs and coordinate execution of management plans
  • Conduct regular business reviews to identify growth opportunities

Benefits

  • Comprehensive medical, dental, and vision insurance
  • Flexible spending programs for healthcare
  • Short-term and long-term disability coverage
  • 401k retirement plan with company contributions
  • Educational assistance for professional development
  • Paid holidays and paid time off to support work/life balance
  • Pet insurance for employee pets
Full Job Description
Summary: Plan, manage, improve and control sales activities for national key accounts/ complex customer relationships and corresponding networks by means of team selling in own area of responsibility in order to maximize Festo share at the key account.

Key Accountabilities:

  • Develop and implement account management strategies for key accounts.

  • Build and maintain strong relationships with key decision-makers and stakeholders at major accounts.

  • Understand customer needs and provide tailored solutions to enhance satisfaction and loyalty.

  • Collaborate with internal teams to ensure alignment on product offerings and service delivery.

  • Negotiate contracts and pricing agreements to maximize profitability while meeting customer requirements.

  • Analyze customer needs and develop account management plan and coordinates the execution of the plans based on team selling.

  • Develop mid- and long-term strategies for these Key Accounts with respect to standardization of technology, customer relationship, customer specific product (development) etc.

  • Responsible for the achievement of agreed sales targets (budget etc.) of dedicated Key Account(s).

  • Monitor turnover development and implement corrective actions, if required. Monitor account performance and develop action plans to address any issues or opportunities.

  • Conduct regular business reviews with key accounts to assess performance and identify growth opportunities.

  • Negotiations of local contracts and preparation, as well as implementation of international contracts.

  • Manage and support international projects with this Key Account.

  • Ensure maximum cooperation with and between the account teams involved, and with all other departments within Festo, nationally and internationally.

  • Stay informed about industry trends, competitor activities, and market conditions affecting key accounts.

  • Prepare and present reports on account status, sales forecasts, and strategic initiatives to senior management.

  • Define and maintain all relevant tools like Mosaic, Share Points, Project data base etc.

  • Drives customer specific marketing activities.


  • Analyze complete buying center and drives multi-level customer relationship management.


Knowledge, Skills, and Experience:

  • At least 5 years of relevant professional experience.

  • University Degree (engineering and/ or business studies; electrical engineering advantageous).

  • Postgraduate study in Technical Business or Business Administration is a plus.

  • Technical knowledge.

  • Knowledge of products.

  • Knowledge of customers.

  • Knowledge of market/industry segments.

  • Knowledge of Festo as a company.

  • Business knowledge.

  • Management knowledge and a solid understanding of business practices.

  • MS-Office, CRM-tools knowledge, SAP.

  • Communication skills.

  • Negotiating skills.

  • Winning complex sales.

  • Experience in project management methods is advantageous.

  • Experience in industrial B2B sales.

  • Management of sales processes, Key Account management.


Benefits: Festo Corporation offers a robust benefits package, which is designed to help employees and their dependents stay healthy, feel secure and maintain a work/life balance. This is just one way we strive to provide employees with a rewarding workplace. As an effort to keep pace with healthcare trends, Festo Corporation is committed to providing a comprehensive benefits package to its employees which includes...Medical, Dental, Vision, Flexible Spending Programs, Short-term and Long-term disability, 401k, Pet Insurance, Paid Holidays, Paid time off, Educational assistance and many more.

Your global benefits at a glance:

We look forward to your application and to getting to know you!

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