Cadence Design Systems

Sr IP Sales Executive II

Cadence Design Systems$248K — $372K *
Information Technology
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 5 years in licensing of Semiconductor IP technology
  • BSEE or equivalent required, MBA is a plus
  • Strong background in technology applications
  • Experience engaging with both startups and large enterprises
  • Proven strategic selling skills with a focus on complex deals

Responsibilities

  • Develop and manage a sales pipeline for semiconductor Design IP technology
  • Drive market penetration and revenue growth in targeted regions
  • Collaborate with multi-functional teams including engineering and marketing
  • Conduct contract negotiations with clients and internal teams
  • Articulate the value of Design IP products to various stakeholders
  • Provide market feedback to inform product strategies
  • Develop strategic sales plans and track progress on initiatives

Benefits

  • Paid vacation and holidays
  • 401(k) plan with employer match
  • Employee stock purchase plan
  • Variety of medical, dental, and vision plan options
  • Incentive compensation opportunities such as bonuses and equity
Full Job Description
You will be responsible for building, developing and driving a sales pipeline for our Design IP technology in key accounts across multiple NorAm regions.

Responsibilities include developing and managing a sales pipeline while driving market penetration, adoption and revenue. You will work closely with and manage multi-functional teams including Application Engineers, Business Unit Marketing, Legal, Finance, Cadence executives and the Cadence EDA software sales team to achieve sales targets in the region.

You will possess a proven track record of selling semiconductor Intellectual Property (IP) technology to organizations spanning small startups to large enterprises. You should have a solid understanding of Memory Interface, Protocol, and Connectivity IP, and how to position 3rd party IP in a highly competitive landscape. You should also have strong strategic selling experience and success delivering large ($1M+) license deals.

Role Requirements:
  • Hands on, self-starter who can demonstrate intuitiveness and creativity to drive complex strategic deals
  • Ability to generate, develop, qualify, and drive new business opportunities in the region, including:
    • Pipeline development
    • Opportunity management
    • Manage contract negotiations (business and legal) with customers and Cadence functional teams
    • Meet/Exceed quarterly and annual revenue targets
  • Ability to articulate value propositions of Design IP products to executive management, marketing, architects, engineering teams within a customer's organization.
  • Manage technical and marketing teams to develop and execute strategies for proliferation of the technology in the region
  • Provide market and account feedback to the Design IP Business Unit to drive product roadmaps and strategies.
  • Track activities and provide reports to management, BU and executive personnel on account strategies activities and progress
  • Develop and execute against strategic sales plans


Key Qualifications:
  • Minimum 5 years in licensing of Semiconductor IP technology
  • BSEE or equivalent (MBA a plus)
  • Strong background in technology
  • Experience working with small start-ups to large enterprise accounts driving complex, differentiated technology
  • Passion to develop and apply strategic selling skills

The annual salary range for California is $248,000 to $372,000. You may also be eligible to receive incentive compensation: bonus, equity, and benefits. Sales positions generally offer a competitive On Target Earnings (OTE) incentive compensation structure. Please note that the salary range is a guideline and compensation may vary based on factors such as qualifications, skill level, competencies and work location. Our benefits programs include paid vacation and paid holidays, 401(k) plan with employer match, employee stock purchase plan, a variety of medical, dental and vision plan options, and more.

About Cadence Design Systems

Cadence Design Systems, Inc. is an American multinational electronic design automation software and engineering services company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company produces software, hardware and silicon structures for designing integrated circuits, systems on chips (SoCs) and printed circuit boards.
Learn more about Cadence Design Systems
Size
9,300 employees
Market Cap
$43.9 billion
Industry
Net Income
$590.6 million
Founded
2018
5 Year Trend
+10.5%
Revenue
$2.6 billion
NASDAQ

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