Business Development Member of Technical Staff Engineer

Polar Semiconductor, Inc.; Bloomington (MN, IN); On-site; USD 171,000 - 198,000; Full time

Job summary

An established industry player is seeking a highly skilled Business Development Engineer to drive business strategies in the semiconductor sector. This role involves optimizing business processes, evaluating proposals, and fostering relationships with clients and partners. The ideal candidate will leverage their technical expertise to identify market opportunities and collaborate cross-functionally to create compelling proposals. Join a dynamic team where your contributions will shape the future of semiconductor innovation and growth, all while enjoying a comprehensive benefits package and a competitive salary.

Benefits

Medical, Dental and Vision Insurance

Paid Time Off starting the first day

401k with generous company match

Tuition assistance

Disability and life insurance

Legal and ID theft insurance

Employee Assistance Program

Annual Incentive Program (Bonus)

Qualifications

• 5+ years in the semiconductor industry, with a focus on business development.
• Strong understanding of semiconductor manufacturing and market dynamics.

Responsibilities

• Develop and optimize business processes for proposal evaluation.
• Identify new business opportunities and conduct market research.

Skills

Business Development

Contract Negotiation

Market Analysis

Relationship Building

Analytical Skills

Education

Bachelor's or Master's in Electrical Engineering

Bachelor's or Master's in Semiconductor Physics

Bachelor's or Master's in Business Administration

Job description

We are seeking a highly skilled and motivated Business Development Engineer to join our technical staff. This role focuses on developing and optimizing business processes, evaluating business proposals, and supporting contracting activities. The ideal candidate will leverage their technical expertise to drive the creation of comprehensive business strategies, enabling the company to expand its footprint in the semiconductor industry.

Key Responsibilities

Business Process Development and Optimization

• Develop and refine business processes to ensure efficient evaluation and execution of business proposals.
• Create standardized frameworks for analyzing market opportunities, technical feasibility, and financial viability.
• Implement best practices for cross-functional collaboration between engineering, sales, legal, and finance teams.
• Collaborate with internal teams to develop compelling business proposals tailored to customer and market needs.
• Evaluate potential business opportunities by analyzing technical requirements, market dynamics, and financial projections.
• Work with stakeholders to align proposals with company goals and strategic priorities.
• Provide technical and business insights during the negotiation of contracts with clients, vendors, and partners.
• Assist in drafting and reviewing contracts to ensure alignment with business objectives and compliance with legal and regulatory requirements.

Opportunity Identification and Strategic Analysis:

• Identify and analyze new business opportunities in target markets, including power devices, MEMS, and defense applications.
• Conduct competitive analysis and market research to inform strategic decision-making and investment priorities.
• Propose partnerships, licensing opportunities, and development collaborations that support business growth.
• Engage with current and potential customers to understand their needs and develop solutions that combine technical innovation with business value.
• Represent the company at industry events, conferences, and client meetings, showcasing technical expertise and business acumen.
• Foster long-term relationships with key clients, government agencies, and industry partners.

Cross-Functional Collaboration:

• Work closely with R&D and product development teams to align technical capabilities with market requirements and client expectations.
• Partner with finance and operations teams to ensure accurate costing and resource allocation for business proposals.
• Prepare and maintain detailed documentation for business processes, proposals, and contracts to ensure clarity and traceability.
• Provide regular updates to senior leadership on the status of proposals, opportunities, and contract negotiations.

Qualifications:

• Bachelor's or Master's degree in Electrical Engineering, Semiconductor Physics, Business Administration, or a related field.
• 5+ years of experience in the semiconductor industry
• 3+ years in a business development, technical development, process engineering, or contracts support role.
• Strong understanding of semiconductor manufacturing processes and market dynamics, particularly in MEMS and power devices.
• Experience in creating and evaluating business proposals, with a proven track record of successful project outcomes.
• Familiarity with government contracting and ITAR compliance is highly desirable.
• Excellent analytical, organizational, and communication skills, with the ability to present complex ideas clearly.
• Strong relationship-building skills, with a focus on collaboration and stakeholder engagement.
• Entrepreneurial mindset with the ability to work independently and adapt to changing priorities.
• Willingness to travel domestically and internationally, as needed.
• U.S. Citizenship or Permanent Resident status may be required for specific defense-related contracts.

The estimated base salary range for the position is $171,000-$198,000. The pay offered is based on many factors including, but not limited to, relevant education, job-related experience, skills and level of the position.

Full-time employees will be eligible to receive the following benefits and additional compensation:

• Medical, Dental and Vision Insurance
• Paid Time Off starting the first day
• 401k including a generous company match
• Tuition assistance
• Disability and life insurance
• Legal and ID theft insurance
• Employee Assistance Program
• Annual Incentive Program (Bonus)

Sponsorship is not available for this position, now or in the future.