About the job
Position Overview:
The Chief Business Development Officer (CBDO) is a key executive responsible for defining and driving the organization’s business growth strategy. CBDO plays a pivotal role in identifying new business opportunities, fostering strategic partnerships, and leading high-impact initiatives that align with the company’s vision and objectives. This role requires strategic thinking, exceptional leadership skills, and the ability to inspire teams to achieve ambitious goals.
Key Responsibilities:
Strategic Business Growth
- Develop and execute the company’s overall business development strategy to drive sustainable growth and profitability.
- Identify and evaluate high-potential markets, industries, and partnerships to expand the organization’s footprint.
- Collaborate with the executive team to align business development strategies with corporate objectives.
Client Acquisition and Relationship Management
- Cultivate relationships with high-potential clients and stakeholders to secure new business opportunities.
- Lead negotiations and finalize agreements with international clients and strategic partners.
- Ensure long-term client satisfaction and retention by fostering strong, collaborative relationships.
Business Planning and Analysis
- Oversee the creation and implementation of comprehensive business plans targeting new markets and opportunities.
- Analyze financial data to identify trends, reduce costs, and enhance profitability.
- Monitor market trends, competitor activities, and industry developments to stay ahead of the curve.
Proposal Development and Strategic Initiatives
- Supervise the preparation of compelling business proposals, outlining goals, objectives, and project scope.
- Drive market research to identify and evaluate emerging opportunities and potential challenges.
- Develop and manage initiatives to penetrate new target markets effectively.
Team Leadership and Development
- Lead and inspire a team of business development and sales professionals to achieve strategic objectives.
- Set measurable goals and provide mentorship and training to ensure team growth and effectiveness.
- Foster a culture of innovation, collaboration, and accountability within the department.
Operational and Financial Oversight
- Collaborate with the finance department to ensure seamless agreement processes and billing.
- Oversee project budgets, cost estimations, and resource allocation to maximize efficiency and profitability.
- Establish metrics and KPIs to track performance and ensure continuous improvement.
Stakeholder Engagement
- Act as a liaison between the company and external stakeholders, including investors, clients, and strategic partners.
- Represent the company at industry events, conferences, and meetings to promote brand visibility and reputation.
Required Skills/Abilities:
- Exceptional verbal and written communication skills.
- Proven ability to build and maintain strong client relationships.
- Strong analytical, problem-solving, and decision-making skills.
- Excellent leadership and team management capabilities.
- Strategic mindset with the ability to align departmental goals with broader organizational objectives.
- Effective time management and organizational skills, with the ability to meet tight deadlines.
- Proficient in project management, budgeting, and financial analysis.
- Expertise in conducting market research and developing actionable insights.
- Ability to thrive in a fast-paced, high-pressure environment.
- Proficiency with relevant business development and CRM technologies.
Qualifications:
- Bachelor’s or Master’s degree in relevant field.
- Extensive experience of 7 plus years in business development, sales, or strategic planning, with a proven track record of leadership in a senior role.
- Demonstrated success in driving business growth and securing high-value clients.