Strategic Account Manager

Renesas ElectronicsFrisco, TX
Hybrid

About The Position

The Enterprise Strategic Account Manager is responsible for driving revenue growth, retention, and expansion across a defined set of named enterprise accounts. This role owns the end-to-end sales lifecycle—from executive-level discovery through contract negotiation, onboarding alignment, renewal, and expansion. Success in this role is measured by quota attainment, forecast accuracy, customer retention, and pipeline health. Renesas is an embedded semiconductor solution provider driven by its Purpose ‘To Make Our Lives Easier.’ As the industry’s leading expert in embedded processing with unmatched quality and system-level know-how, we have evolved to provide scalable and comprehensive semiconductor solutions for automotive, industrial, infrastructure, and IoT industries based on the broadest product portfolio, including High Performance Computing, Embedded Processing, Analog & Connectivity, and Power. With a diverse team of over 22,000 professionals in more than 30 countries, we continue to expand our boundaries to offer enhanced user experiences through digitalization and usher into a new era of innovation. We design and develop sustainable, power-efficient solutions today that help people and communities thrive tomorrow, ‘To Make Our Lives Easier.’ At Renesas, you can launch and advance your career in technical and business roles, make a real impact by developing innovative products and solutions, and maximize your performance and wellbeing in our flexible and inclusive work environment.

Requirements

  • 6+ years of enterprise account management or business development experience
  • 6+ years selling or supporting a technical SaaS or platform product
  • Proven ability to meet or exceed enterprise quotas
  • Strong executive communication and negotiation skills
  • Salesforce pipeline management experience
  • Willingness to travel as needed

Nice To Haves

  • EDA industry experience

Responsibilities

  • Own a named portfolio of enterprise accounts with an annual attainable quota
  • Achieve 100%+ of annual quota through new logo expansion, upsell, and renewal growth
  • Drive minimum 15–30% year-over-year account growth
  • Maintain account retention of 95%+ and net revenue retention of 110%+
  • Sell directly to C-suite, VP, and Director-level buyers
  • Lead executive discovery and multi-stakeholder sales cycles
  • Close complex enterprise deals ranging from $50K–$1M+ ARR
  • Maintain forecast accuracy within ±10%
  • Maintain pipeline coverage of at least 3x quota
  • Ensure accurate Salesforce updates including close plans, risks, and next steps
  • Communicate deal readiness during weekly forecast reviews
  • Lead pricing, legal, and commercial negotiations
  • Close multi-year enterprise contracts involving procurement and legal
  • Improve sales cycle efficiency year-over-year
  • Serve as executive sponsor post-sale
  • Partner with Customer Success to ensure onboarding and ROI realization
  • Identify and close expansion opportunities within 6–12 months
  • Act as internal subject-matter expert for assigned verticals
  • Contribute to sales strategy, messaging, and enablement
  • Establish Cross-functional collaboration with interdepartmental stakeholders
  • Mentor and support enterprise sales team members
  • Complete onboarding and training certifications within 30 days
  • Build strategic account plans for all assigned accounts
  • Generate $1M+ in qualified pipeline
  • Close first deal or expansion within 90 days

Benefits

  • Medical insurance
  • Health savings account (with applicable medical plan)
  • Dental insurance
  • Vision insurance
  • Health and/or dependent care flexible spending accounts
  • Pre-tax commuter benefits
  • Life insurance
  • AD&D
  • Pet insurance
  • Company-paid life insurance
  • Company-paid AD&D
  • LTD
  • Short term medical benefits
  • Paid sick time
  • Paid holidays
  • Accrued paid vacation
  • Bonus opportunities
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