Business Development Manager, Sr. manages the daily execution of the business development strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Coaches teams in best practices and effective tactics for prospecting new markets, partners, channels, and customers. Being a Business Development Manager, Sr. establishes team targets and metrics to measure the achievement of objectives. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Additionally, Business Development Manager, Sr. makes suggestions for new product offerings or improvements to sales or marketing efforts. May administer or negotiate new business proposals and prepare contracts. Typically requires a bachelor's degree. Typically reports to a director. The Business Development Manager, Sr. typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Business Development Manager, Sr. typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Develop sales strategies to acquire new customers or clients.Track sales team metrics and share them with company leadership.Analyze sales data on sales results and develop plans to address performance gaps.Collaborate with marketing executives to develop lead generation plans.-Enhances staff accomplishments and competence by planning delivery of solutions; answering technical and procedural questions for less experienced team members; teaching improved processes; mentoring team members.Identifies business opportunities by identifying prospects and evaluating their position in the industry; researching and analyzing sales options.Achieve their objectives through effective planning, setting sales goals, analyzing data on past performance, and projecting future performance.Sells products by establishing contact and developing relationships with prospects; recommending solutions.Maintains relationships with clients by providing support, information, and guidance; researching and recommending new opportunities; recommending profit and service improvements.Identifies product improvements or new products by remaining current on industry trends, market activities, and competitors.Prepares reports by collecting, analyzing, and summarizing information.Maintains quality service by establishing and enforcing organization standards.Maintains professional and technical knowledge by attending educational workshops and other educational training, participating in professional societies and industry networks, and reading professional and industry publications.Reviewing professional publications; establishing personal networks; bench marking state-of-the-art practices; participating in professional societies.Contributes to team effort by accomplishing related results as needed.Responsible for motivating and advising their reps to improve their performance, as well as hiring and training new sales representatives.RequirementsEducational Qualification:MBA – Marketing / Sales/ International Business / EnergyBE / B.Tech – Electrical / Mechanical Engineering
Required Skill Set:Presentation SkillsClient RelationshipsEmphasizing ExcellenceHigh Energy LevelNegotiation & Prospecting SkillsSales Planning & Meeting Sales GoalsCreativity & Motivation for Sales
If Candidates are from the Banking sector are preferable
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