Sales

VP of Business Development

Looking to hire your next VP of Business Development? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a staffing agency that leverages the geographical advantage of Latin America to benefit US businesses. We connect companies with professionals who work in time zones closely aligned with or identical to US hours, ensuring seamless communication and collaboration. This synchronicity allows for real-time interaction, enhancing productivity and eliminating the delays often associated with offshore staffing.

Description

The VP of Business Development plays a crucial role in driving a company's growth and market expansion. This executive is responsible for identifying new business opportunities, forging strategic partnerships, and developing long-term business strategies. By analyzing market trends and competitive landscapes, the VP of Business Development formulates actionable plans to enhance the company's market position and revenue streams. This role demands a blend of strategic thinking, relationship management, and negotiation skills to effectively build and sustain key business alliances, ensuring the company's continuous growth and competitive edge.

Requirements

- Bachelor's degree in Business Administration, Marketing, or a related field; MBA preferred
- Extensive experience in business development, sales, or related roles
- Proven track record of successfully achieving growth targets and expanding business opportunities
- Strong leadership skills with experience managing and mentoring a team
- Excellent negotiation and contract management skills
- In-depth understanding of market research and competitive analysis
- Strong relationships with key stakeholders and industry influencers
- Advanced knowledge of industry regulations and compliance requirements
- Exceptional strategic thinking and planning abilities
- Strong financial acumen with experience analyzing financial reports and forecasts
- Proficient in developing and executing strategic business plans
- Outstanding communication and presentation skills
- Ability to build and maintain strong network connections
- Experience in preparing proposals, presentations, and marketing materials
- Ability to handle complex and detailed negotiations
- Proven ability to align strategies with overall company goals
- Experience in budgeting and resource allocation
- Ability to adapt and innovate in a dynamic market environment
- Strong collaboration skills with cross-functional teams
- Willingness to travel for industry conferences, networking events, and trade shows
- Ability to work under pressure and manage multiple projects simultaneously

Responsabilities

- Develop and execute strategic business plans to achieve company growth targets
- Identify, evaluate, and prioritize new business opportunities
- Lead and manage complex negotiations and contract development with potential partners
- Establish and maintain strong relationships with key stakeholders and industry influencers
- Conduct market research and competitive analysis to inform strategic decisions
- Monitor market trends and emerging opportunities for business expansion
- Collaborate with the executive team to align business development strategies with overall company goals
- Oversee the preparation of proposals, presentations, and marketing materials for potential clients or partners
- Mentor and provide guidance to the business development team
- Analyze financial reports and forecasts to assess the viability of potential business deals
- Attend industry conferences, networking events, and trade shows to build brand awareness and generate leads
- Track and report on key performance indicators (KPIs) related to business development efforts
- Coordinate cross-functional teams to ensure successful implementation of business initiatives
- Prepare and present regular updates to senior management and the board of directors
- Maintain an up-to-date knowledge of industry regulations and ensure compliance in all business activities
- Innovate and adapt strategies to meet changing market or organizational needs
- Manage the business development budget and allocate resources effectively
- Drive collaboration with sales, marketing, and product development teams to enhance the customer value proposition
- Oversee the development and execution of partnership agreements and joint ventures
- Resolve conflicts and issues that may arise during negotiation or implementation of business deals

Ideal Candidate

The ideal candidate for the VP of Business Development role is a visionary leader with a strategic mindset, possessing extensive experience in business development, sales, or related roles, along with a proven track record of successfully achieving growth targets and expanding business opportunities. They hold a Bachelor's degree in Business Administration, Marketing, or a related field, preferably with an MBA. This person excels in leadership and has substantial experience in managing and mentoring teams, demonstrating exceptional negotiation and contract management skills. They have an in-depth understanding of market research and competitive analysis, along with an ability to build and maintain strong relationships with key stakeholders and industry influencers. With advanced knowledge of industry regulations and compliance, the candidate showcases strong financial acumen and strategic thinking, capable of analyzing financial reports and forecasts to assess business viability. They display outstanding communication and presentation skills, an ability to prepare compelling proposals and marketing materials, and proficiency in developing and executing robust business plans. Additionally, they bring a high degree of integrity, ethical standards, and a track record of aligning strategies with overall company goals. Adaptable and innovative, with excellent collaboration capabilities across cross-functional teams, this individual is proactive, self-motivated, and resilient under pressure, adept at handling complex situations and driving performance-oriented results. They are committed to continuous learning and development, have excellent organizational and project management skills, and maintain a strong customer focus, ensuring alignment with market needs. This candidate is also willing to travel as needed to industry conferences, networking events, and trade shows to foster brand awareness and generate leads.

On a typical day, you will...

- Develop and execute strategic business plans to achieve company growth targets
- Identify, evaluate, and prioritize new business opportunities
- Lead and manage complex negotiations and contract development with potential partners
- Establish and maintain strong relationships with key stakeholders and industry influencers
- Conduct market research and competitive analysis to inform strategic decisions
- Monitor market trends and emerging opportunities for business expansion
- Collaborate with the executive team to align business development strategies with overall company goals
- Oversee the preparation of proposals, presentations, and marketing materials for potential clients or partners
- Mentor and provide guidance to the business development team
- Analyze financial reports and forecasts to assess the viability of potential business deals
- Attend industry conferences, networking events, and trade shows to build brand awareness and generate leads
- Track and report on key performance indicators (KPIs) related to business development efforts
- Coordinate cross-functional teams to ensure successful implementation of business initiatives
- Prepare and present regular updates to senior management and the board of directors
- Maintain an up-to-date knowledge of industry regulations and ensure compliance in all business activities
- Innovate and adapt strategies to meet changing market or organizational needs
- Manage the business development budget and allocate resources effectively
- Drive collaboration with sales, marketing, and product development teams to enhance the customer value proposition
- Oversee the development and execution of partnership agreements and joint ventures
- Resolve conflicts and issues that may arise during negotiation or implementation of business deals.

What we are looking for

- Visionary thinker with a strategic mindset
- Strong leadership and team management capabilities
- Excellent negotiation and influencing skills
- High degree of financial acumen and business insight
- Results-driven and performance-oriented
- Exceptional relationship-building skills
- Strong analytical and problem-solving abilities
- Innovative and adaptable to changing market conditions
- Strong communication and presentation skills
- Proactive and self-motivated
- Excellent organizational and project management skills
- High level of integrity and ethical standards
- Collaborative and able to work effectively with cross-functional teams
- Strong networking abilities
- Resilient and capable of handling pressure and complex situations
- Detail-oriented with an eye for accuracy
- Customer-focused with a strong understanding of market needs
- Strategic planner with the ability to execute effectively
- Experienced in managing and mentoring diverse teams
- Committed to continuous learning and professional development

What you can expect (benefits)

- Competitive salary range commensurate with experience
- Performance-based bonus structure
- Comprehensive health, dental, and vision insurance plans
- Retirement savings plan with employer matching
- Paid time off, including vacation, personal days, and holidays
- Flexible work schedule options
- Remote work opportunities and telecommuting options
- Professional development and training programs
- Tuition reimbursement for continuing education
- Access to industry conferences and networking events
- Company-sponsored wellness programs
- Life and disability insurance coverage
- Employee assistance programs for mental health and well-being
- Paid parental leave and family-friendly policies
- Relocation assistance, if applicable
- Company-issued equipment and technology support
- Collaborative and inclusive company culture
- Opportunities for advancement and career growth within the organization
- Regular team-building activities and social events
- Recognition and rewards programs for outstanding performance

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