Account executive

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Account executive is a role in sales, advertising, marketing, and finance involving intimate understanding of a client company's objectives and products and a professional capability to provide effective advice toward creation of successful promotional activities and strategies. [1] The account executive directly works with, and provides services to, one or more delegate officers or executives of the client company.

Contents

Marketing and advertising industries

In the marketing and advertising industries, account executives are typically responsible for client servicing and client acquisition. The account executive serves as the direct link between the advertising agency or financial service company and the existing client, managing day-to-day affairs and ensuring customer satisfaction. The account executive is also tasked with bringing more clients into the agency to increase revenue. The account executive will typically have 1 or 2 assistants and reports to the respective account supervisor/manager [2] and/or to the client service director/account director. This depends on the country and on the account (s)he is working for.

IT organizations

In IT organizations, an account executive is a senior management role, responsible for executing large contracts.

Control of profit and loss is one of the main activities, together with customer alignment on a senior level. Usually, an account executive has one or more account managers in his/her staff, to cover the various towers a large contract is mainly built of.[ citation needed ]

Account executives directly or indirectly delegate work to project managers or similar team members who then direct the project management aspect.

For very large contracts, hundreds of people may be part of a larger sales and operations group involved in contract execution.

Contract life cycle

In an ideal situation, at the end of a contract life cycle, the account executive and part of the staff will be involved in new contract negotiations. This could be for the same account or for a new customer. Once the contract is signed, the account executive and staff will be directly up to speed.

Duties and responsibilities

Account executives have many different duties and responsibilities that they have to fulfill, such as day to day liaising via a contact method which can include email and telephone calls. This job role includes many different responsibilities such as:

Working with clients

Mentioned above are a few of the duties and responsibilities in becoming an account executive. One big responsibility would be to help produce a successful campaign for clients as the marketing sector could possibly need some further help. Where the role would be to act as an important link between advertising agency and the clients. [4] they will have a routine and have required tasks that they have to complete for the clients. For example:

The basis of this role is to be able to understand the task the client has set out. From this, they will then have to organise the agency's creative and administrative staff in order for the client's request to be completed to the standard.

Required skills

Working in this field as an account executive, they must have the ability to demonstrate many skills in different areas. The skills that are required consist of the following: [5] [3]

These skills are a requirement when applying for a position as an account executive. For example, good communication skills are needed because the employee will need to be confident in addressing with a variety of clients. Motivational skills are required as they need to motivate junior employees and represent the company as efficient to the general public and the clients. [4]

In any company when working as an account executive, each agency will be expecting and looking for different sets of skills from the employees. It is important that they have developed the skills. These include: [6] [3]

When an employee has developed or enhanced their skills and built a trustworthy reputation within the company, they can then go forward and request a higher position such as account director.

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An account manager (AM) is a person who works for a company and is responsible for the management of sales and relationships with particular customers. An account manager maintains the company's existing relationships with a client or group of clients, so that they will continue using the company for business. Account managers do not manage the daily running of the account. They manage the relationship with the client of the account(s) they are assigned to. Generally, a client will remain with one account manager throughout the account's duration. Account managers serve as the interface between the customer service and the sales team in a company. They are assigned a company's existing client accounts. The purpose of being assigned particular clients is to create long term client relationships. The account manager serves to understand the customer's demands, plan how to meet these demands, and generate sales for the company as a result.

References

  1. ↑ What Does an Account Executive Do? at learn.org
  2. ↑ "Advertising account executive job profile | Prospects.ac.uk".
  3. 1 2 3 "List of Accounting Executive Responsibilities and Duties" . Retrieved 9 April 2023.
  4. 1 2 "Career advice". Totaljobs. Retrieved 9 April 2023.
  5. ↑ "Advertising Account Executive Jobs". www.internsnetwork.org.uk. Retrieved 10 September 2021.
  6. ↑ "Cogs Agency - the Global Talent Agency". 4 August 2014.
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