The Business Development Manager is responsible for identifying and creating new business opportunities to drive growth and expand the company’s market presence. This role focuses on building and nurturing relationships with potential clients, strategic partners, and industry stakeholders. The Business Development Manager plays a key role in planning and executing strategies to penetrate new markets, enhance brand awareness, and increase revenue. By aligning with company objectives and market trends, this position is instrumental in achieving sustainable business growth and establishing a competitive advantage.
| Salary | Market Competitive |
| Experience | 10 – 12 years |
| Location | Saudi Arabia |
| Qualification | Bachelor of Business Administration(Management) |
| Posted | 1 November 2024 |
| Job Type | Full Time |
| Posted by | Habeebi Recruiter |
| last date to apply | apply within 15 day |
Key Responsibilities
1. Market Research and Analysis
The Business Development Manager conducts thorough market research to identify emerging trends, competitive landscape, and potential opportunities for growth. This involves analyzing industry data, identifying target markets, and understanding customer needs. By gathering actionable insights, the Business Development Manager contributes to the development of informed business strategies that align with market demands.
2. Developing and Implementing Growth Strategies
This role requires designing and executing business development strategies to drive expansion. The Business Development Manager collaborates with senior management to set goals, establish action plans, and prioritize initiatives. By developing a clear roadmap for growth, the Manager ensures that all strategies are focused, achievable, and aligned with the company’s long-term vision.
3. Building and Managing Client Relationships
Establishing and maintaining strong relationships with clients is essential to the role. The Business Development Manager actively seeks out new clients, conducts meetings, and delivers presentations to showcase the company’s value proposition. Through excellent interpersonal skills and strategic networking, the Manager builds long-term partnerships that enhance client satisfaction and loyalty, leading to repeat business and referrals.
4. Negotiating Contracts and Closing Deals
The Business Development Manager is responsible for negotiating terms and closing profitable deals with new clients. This includes preparing proposals, addressing client concerns, and working closely with legal and finance teams to finalize contracts. By negotiating favorable terms, the Manager ensures that each deal aligns with the company’s revenue goals and profitability targets.
5. Collaborating with Internal Teams
Working cross-functionally is a key aspect of this role. The Business Development Manager collaborates closely with marketing, sales, and product development teams to align on objectives, share market insights, and coordinate efforts. This collaboration ensures that all departments are working toward common goals and that the company presents a unified approach to clients and partners.
6. Tracking and Reporting Performance
The Business Development Manager regularly tracks and analyzes performance metrics to evaluate the success of business development initiatives. This includes preparing reports on revenue growth, client acquisition, and market penetration. By monitoring key performance indicators (KPIs), the Manager identifies areas for improvement, optimizes strategies, and reports results to stakeholders for informed decision-making.
Qualifications and Skills
- Education: Bachelor’s degree in Business Administration, Marketing, or a related field; an MBA is preferred.
- Experience: 5+ years of experience in business development, sales, or a similar role, ideally within the industry.
- Technical Skills: Proficiency in CRM software, MS Office Suite, and data analysis tools.
- Soft Skills: Excellent communication, negotiation, and networking skills; strong strategic thinking and problem-solving abilities.
- Personal Traits: Goal-oriented, self-motivated, and adaptable, with a strong focus on achieving measurable results.
Work Environment
The Business Development Manager typically operates in an office environment, though the role may require travel to meet with clients, attend industry events, or conduct market research. Flexibility to work in dynamic settings, manage multiple projects, and adapt to changing market conditions is essential.
This role is ideal for a driven and strategic professional with a passion for business growth and client relationships. The Business Development Manager position offers an exciting opportunity to make a significant impact on the company’s success and long-term expansion.
How to apply:
Send your updated resume to our email or directly reach us at our phone:
Email: info@comarch.com
Phone: +48 12 646 1000