Business Development Manager - Jeddah

MINDFREE Consulting | Insurance Talent Hub; Jeddah; On-site; SAR 167,400 - 223,200; Full time

Job summary

A consulting firm in Saudi Arabia is looking for a Business Development Manager to drive growth and diversification. The role involves developing strategies to expand the client base and increase revenue, as well as managing relationships with key stakeholders. Ideal candidates should have 3-5 years of experience in business development within the Saudi Arabian market, strong communication skills, and the ability to negotiate and close deals. This position is vital for the long-term success of the organization.

Qualifications

• Exceptional verbal and written communication skills.
• Ability to manage relationships with diverse stakeholders.
• Proven ability to negotiate beneficial terms and agreements.
• Experience in designing and implementing business strategies.
• Effectively identify and resolve conflicts.
• Self-motivated with strong team leadership skills.
• Demonstrated track record of meeting sales targets.
• Understanding of industry trends and competitive landscape.

Responsibilities

• Create and implement effective business development strategies.
• Build and maintain client relationships to maximize opportunities.
• Identify and pursue new business opportunities.
• Communicate the company's value proposition to potential clients.
• Develop and present compelling business proposals.
• Negotiate terms and close business deals.
• Identify business strengths that align with customer needs.
• Research market opportunities and industry trends.
• Generate sales opportunities through outreach and lead follow-up.
• Open new accounts and establish operational procedures.
• Meet and exceed sales quotas.
• Conduct research on target accounts and decision-makers.

Skills

Communication Skills

Stakeholder Management

Negotiation Skills

Strategic Thinking

Conflict Resolution

Self-Motivation & Team Leadership

Target-Driven

Industry Knowledge

Job description

The Business Development Manager is responsible for driving the growth and diversification of the organization by developing and implementing effective business strategies. This role will focus on expanding the client base, increasing revenue, and ensuring the long-term sustainability and success of the organization.

The ideal candidate will have proven experience in business development, strong communication skills, and the ability to effectively manage key relationships and stakeholders.

Key Responsibilities

• Developing Growth Strategies & Plans: Create and implement effective business development strategies to drive long-term growth and revenue.
• Client Relationship Management: Build and maintain strong relationships with existing clients to ensure retention and maximize business opportunities.
• Increasing Client Base: Identify and pursue new business opportunities to expand the client base and achieve sales targets.
• Product Knowledge & Value Proposition: Acquire an in-depth understanding of the companys products and services, effectively communicating the value proposition to potential clients.
• Business Proposal Writing: Develop and present compelling business proposals to clients and stakeholders.
• Negotiation: Lead negotiations with stakeholders to secure favourable terms and close new business deals.
• Mapping Business Strengths & Customer Needs: Identify key strengths within the business and align them with customer needs to create mutually beneficial partnerships.
• Market Research: Research market opportunities, industry trends, and viable income streams to ensure the business remains competitive and responsive to changing demands.
• Lead Generation & Outreach: Source new sales opportunities through both inbound lead follow-up and outbound cold calling/emails.
• Onboarding & Account Management: Open new accounts, establish credit facilities, and develop operational procedures to ensure smooth onboarding for customers.
• Sales Quotas & Closing: Close sales deals to meet and exceed quarterly sales quotas.
• Account Research & Stakeholder Engagement: Conduct in-depth research on target accounts, identify key decision-makers, and generate interest in the companys offerings.

Qualifications & Skills

• Communication Skills: Exceptional verbal and written communication skills to effectively engage with clients and stakeholders at all levels.
• Stakeholder Management: Ability to manage relationships with diverse stakeholders, ensuring alignment of goals and maintaining productive partnerships.
• Negotiation Skills: Proven ability to negotiate terms and agreements that benefit both the organization and its clients.
• Strategic Thinking: Experience in the design and implementation of business development strategies.
• Conflict Resolution: Ability to identify and resolve conflicts effectively, maintaining positive relationships with clients and stakeholders.
• Self-Motivation & Team Leadership: Ability to self-motivate, manage multiple tasks, and lead teams to exceed targets.
• Target-Driven: A track record of meeting and exceeding sales targets and quotas.
• Industry Knowledge: Awareness of industry trends and the competitive landscape locally and internationally.

Preferred Qualifications

• At least 3-5 years experience in a business development role within the Saudi Arabian market.
• Familiarity with the local business culture and regulations.
• A strong network of business contacts within relevant industries is a plus.