Strategic Partnerships Director

<p> </p> <h2><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Overview</span></h2> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">A Strategic Partnerships Director is responsible for leading competitive efforts and strategies to help AvidXchange obtain new and high-value partnerships with financial institutions. This individual will lead all efforts from prospecting to building and cultivating mutually beneficial partner relationships with responsibilities including assessing market-based opportunities, creating term sheets, developing legal contracts, leading sales and negotiation efforts with prospects, as well as influencing the organization to make important investment decisions on strategic partnerships helping to expand revenue and exceed growth goals through new verticals and other partner-related growth opportunities.</span></p> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">This role requires extensive cross-functional internal partnership and will work closely with Demand Generation, Product Marketing, Legal, On-boarding, and Product & Engineering to build new GTM playbooks specifically for strategic financial institution partnerships and propel short and long-term growth.</span></p> <h3><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">What you'll do:</span></h3> <ul> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Build, implement, and own the strategic plans addressing potential financial institution partnerships as well as identify new prospects in the market</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Conduct new business development outreach to prospective financial institution partners and create new opportunities, effectively tracking and prioritizing based on size and impact</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Own and manage large, complex negotiations over extended periods of time (12+ months) for multifaceted financial institution partnerships, encompassing both financial term sheets and legal agreements, negotiating all items and leading through the signature and closing process</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Engage with senior C-level executives routinely, internally and externally, and understand key business drivers for growth, aligning the partner and the company towards a mutual win</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Develop and own high-impact financial institution relationships to the point they can productively align and deeply grow the relationship while maximizing the sales opportunities for AvidXchange</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Strategically partner with AvidXchange Marketing, Demand Generation and the sales team to help develop growth plans and help guide Alliance & Sales teams' engagement with partners around these financial institution opportunities</span></li> </ul> <h3><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">What we're looking for:</span></h3> <ul> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Experience building new strategic partnerships</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Strong enterprise sales, alliance management, marketing, business acumen, and analytical skills</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Highly skilled at building relationships with partners and C-suite level decision makers</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Strong financial acumen and experience developing complex financial models inclusive of topics such as net interchange share, transaction / software fees, customer acquisition models, etc.</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Able to effectively manage time resulting in maximized productivity</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Effectively able to lead and coordinate cross-functional business reviews to include partners, sales, product, marketing, delivery onboarding, etc.</span></li> <li style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Excellent communication skills to effectively present to a wide range of audiences, including an ability to co