Business Retention Specialist

Posted:
8/29/2024, 8:52:29 AM

Location(s):
Ontario, Canada ⋅ Toronto, Ontario, Canada

Experience Level(s):
Junior

Field(s):
Business & Strategy ⋅ Sales & Account Management

Thomson Reuters is seeking to hire a Business Retention Specialist to sell solutions across the entire portfolio of products in order to retain existing customers through renewal sales. This position requires consultative selling techniques, relationship building and leveraging market knowledge to drive incremental revenue growth. In this role you will need to build relationships at all levels within the customer organization as well as influence key stakeholders on both the value proposition and strategic direction of Thomson Reuters.

About the Role


In this opportunity as Business Retention Specialist, you will:

  • Manage and maintain relationships with existing clients

  • Identify opportunities to sell additional products or services by conducting customer needs assessments

  • Develop and execute a retention strategy for each client

  • Use data analytics to understand trends in customer usage patterns and develop action plans accordingly

  • Provide support during renewal periods including preparation of contracts and negotiating pricing

  • Collaborate with cross-functional teams such as product development, sales operations and marketing to ensure successful outcomes

  • Ensure compliance with corporate policies and procedures while adhering to local laws and regulations

  • Maintain accurate records of customer interactions via CRM systems like Salesforce

  • Conduct research into competitor offerings to stay up-to-date on industry trends

  • Participate in training sessions to improve skills related to consultative selling approach

  • Attend regular meetings with leadership team members regarding progress towards goals


About You

You’re a fit for the role of Business Retention Specialist if your background includes:

  • Bachelor's degree preferred; equivalent work experience considered

  • 2 years' experience working in a sales capacity, preferably within a SaaS environment

  • Experience with enterprise software solutions, preferably legal information products

  • Knowledge of Thomson Reuters products strongly desired

  • Strong understanding of the customer journey and how it relates to renewals process

  • Demonstrated success achieving renewal targets

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What's in it For You?


You will join our inclusive culture of world-class talent, where we are committed to your personal and professional growth through:

  • Wellbeing: Comprehensive benefit plans; flexible and supportive benefits for work-life balance: flexible vacation, two company-wide Mental Health Days Off; work from another location for up to a total of 8 weeks in a year, 4 of those weeks can be out of the country and the remaining in the country, Headspace app subscription; retirement, savings, tuition reimbursement, and employee incentive programs; resources for mental, physical, and financial wellbeing.

  • Culture: Globally recognized and award-winning reputation for equality, diversity and inclusion, flexibility, work-life balance, and more.

  • Learning & Development: LinkedIn Learning access; internal Talent Marketplace with opportunities to work on projects cross-company; Ten Thousand Coffees Thomson Reuters café networking.

  • Social Impact: Ten employee-driven Business Resource Groups; two paid volunteer days annually; Environmental, Social and Governance (ESG) initiatives for local and global impact.

  • Purpose Driven Work: We have a superpower that we’ve never talked about with as much pride as we should – we are one of the only companies on the planet that helps its customers pursue justice, truth and transparency. Together, with the professionals and institutions we serve, we help uphold the rule of law, turn the wheels of commerce, catch bad actors, report the facts, and provide trusted, unbiased information to people all over the world.


Do you want to be part of a team helping re-invent the way knowledge professionals work? How about a team that works every day to create a more transparent, just and inclusive future? At Thomson Reuters, we’ve been doing just that for almost 160 years. Our industry-leading products and services include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news services – Reuters. We help these professionals do their jobs better, creating more time for them to focus on the things that matter most: advising, advocating, negotiating, governing and informing.

We are powered by the talents of 26,000 employees across more than 70 countries, where everyone has a chance to contribute and grow professionally in flexible work environments that celebrate diversity and inclusion. At a time when objectivity, accuracy, fairness and transparency are under attack, we consider it our duty to pursue them. Sound exciting? Join us and help shape the industries that move society forward. 

Accessibility 

As a global business, we rely on diversity of culture and thought to deliver on our goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, sexual orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under applicable law. Thomson Reuters is proud to be an Equal Employment Opportunity/Affirmative Action Employer providing a drug-free workplace.

We also make reasonable accommodations for qualified individuals with disabilities and for sincerely held religious beliefs in accordance with applicable law.

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More information about Thomson Reuters can be found on https://thomsonreuters.com.

Thomson Reuters Corporation

Website: https://thomsonreuters.com/

Headquarter Location: Toronto, Ontario, Canada

Employee Count: 10001+

Year Founded: 1977

IPO Status: Public

Industries: Advice ⋅ Analytics ⋅ Financial Services ⋅ Management Consulting ⋅ Professional Services ⋅ Risk Management ⋅ Software