Managing Director - Chicago
Sales | Chicago, IL | Full Time
Founded in 2013, CrowdStreet is the premium provider of online commercial real estate investment marketplace, technology and professional services. Our online marketplace enables investors to directly access institutional-quality commercial real estate offerings with CrowdStreet’s best-in-class technology platform. For CRE firms, CrowdStreet Connect provides a platform to manage investors and investments, and to raise capital to grow their business. CrowdStreet maximizes opportunities for investors by diversifying outside of the traditional avenues of the stock market, better distributing risk and fundamentally transforming real estate investing through technology. Together, we are creating a community where individual investors and CRE firms are working together to maximize wealth through commercial real estate. With more than 100,000 investors now on its platform, and double digit year-over-year growth over the past 3 years, CrowdStreet has emerged as a leader in the space.
To support our company’s rapid growth, we are hiring a Managing Director with a proven track record of sales success in the Commercial Real Estate (CRE) industry and specifically the capital markets arena. This position will be based in Chicago and reports to our VP of Sales.
What You’ll Be Doing
As a Managing Director, you will be responsible for selling our SaaS and Marketplace solutions to commercial real estate investment firms (sponsors) within your designated territory.
Our customers are private real estate investment firms, so understanding how they think, act and invest, is paramount to success in this role. Your ability to ask questions in a conversational manner, discover the customer's needs and then diagnose their pain points are essential skills. The entire online investing space for private real estate industry is new, so you will need to be an effective education-based sales person with the ability to compel them to purchase...traditional closing skills still matter. Our technology solutions are complex, so you have to be very intelligent and adaptable with the ability to position our value-proposition based on your buyer's needs.
You will be partnered with a Sales Development Rep for your territory, whose primary responsibility is to make outbound calls, qualify prospects, and set you up for success by setting up high quality meetings for you. That said, it's your ultimate responsibility as the Market Director to build a strong pipeline of opportunities and convert those into new customers. You will be responsible for a quarterly quota and will have strong earning potential in this role.
Real estate is a relationship-based business, so your job does not end after your first sale is closed. Fortunately, you will be partnered with a Customer Success Manager on each of your customer accounts. Working in tandem, you will play an active role in selling new CrowdStreet Marketplace projects and cross-selling additional products and services.
This is a market based role, you will live and work in your territory and perform 10+ sales presentations on a monthly basis. Your knowledge of the local CRE landscape is something you will leverage to win more business for CrowdStreet, on the path to creating a dominant footprint in your territory.
What We Must Have:
5+ year of experience in Commercial Real Estate and specifically the capital markets arena
3+ years of experience selling innovative solutions into the financial services and/or real estate industry targeting new accounts
Deep rolodex of real estate investment managers in territory
Not Required, But Nice To Have:
Bachelor’s degree or Masters Degree in Business or related field
Experience in technology selling a SaaS solution
Experience with selling a Marketplace solution
Experience with advanced sales automation tools (i.e. Salesforce)
Working at CrowdStreet
We offer the opportunity to be at the ground floor of a fast-growing startup with fun, smart, customer-driven people transforming the world of real estate investment.
We consider applicants for all positions without regard to race, color, religion, national origin or ancestry, sex, age (40+), disability, veteran status, or any other legally protected status under local, state, or federal law.
How to Apply
Please submit your resume online with a cover letter stating:
1) Why you’re interested in working for CrowdStreet, and
2) A brief summary of how you meet each of our qualifications (including the “nice to haves”). The best way to do this is to copy/paste the requirements bullets and put a brief answer after each summarizing your relevant experience.