Position: Business Development Lead
Location: Riyadh, Saudi Arabia
Job Summary: The Business Development Lead is responsible for driving business growth by identifying new opportunities, developing strategic relationships, and leveraging financial modeling to support business decisions. This role requires a strong blend of business acumen, analytical skills, and experience in financial analysis.
Key Responsibilities:
Identify and Develop Business Opportunities:
- Research and identify potential clients and business opportunities within the target market.
- Develop and implement strategies to acquire new clients and business partnerships.
- Conduct market analysis and competitor research to stay informed of industry trends.
Market Entry
Analyze new markets for potential entry, develop market entry strategies, and oversee the execution of these plans to establish a strong market presence.
Financial Modeling and Analysis:
- Develop and maintain comprehensive financial models to support business decision-making.
- Based on analysis of potential markets, he/she shall identify and secure business development opportunities.
- Analyze financial data to assess the viability of business opportunities and projects.
- Assist Business Development team in preparing plan and strategies to promote company’s Vision / Goals.
Strategy Execution:
- Execute and nurture corporate business strategies.
- Prepare business proposals, contracts, and presentations.
- Identify and leverage opportunities across different business units to maximize synergy and enhance overall business performance.
- Develop and maintain Investor relationships to understand the mandates to tailor any solutions for existing or future businesses.
Drive Revenue Growth:
- Develop and execute plans to achieve revenue targets and diversify them.
Build and Maintain Relationships:
- Establish and maintain strong relationships with clients, partners, and industry stakeholders.
- Represent the company at industry events, trade shows, and networking opportunities.
Qualifications:
4 - 6 Years of Experience in Business Development
- MBA with bachelor’s degree in chemical engineering / mechanical engineering / electrical engineering
- Proven experience in business development and financial modeling.
- Strong understanding of business plans, financial analysis, forecasting, and budgeting.
- Strong negotiation skills and decision-making and leadership skills
- Excellent communication, negotiation, and presentation skills.
- Ability to work independently and as part of a team.
- Proficiency in financial modeling software, CRM software, and Microsoft Office Suite.
- Focused and goal-oriented
