Position: Business Development ManagerLocation: Riyadh, Saudi Arabia Job Summary: The Business Development Manager 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.Unconventional Initiatives: Explore and develop unconventional business opportunities and initiatives that can create competitive advantages and drive innovation within the organization.Market EntryAnalyze new markets for potential entry, develop market entry strategies, and oversee the execution of these plans to establish a strong market presence. Financial 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.Identify and evaluate potential merger and acquisition targets, Identify and develop strategic partnerships, including joint ventures and consortia, to enhance the company's market position and drive growth. Drive Revenue Growth:Develop comprehensive business plans for new ventures and opportunities, conducting market research and financial analysis to ensure feasibility and alignment with company goals.Identify and leverage opportunities across different business units to maximize synergy and enhance overall business performance.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.Present business plans, strategies, and performance updates to senior management and stakeholders, ensuring alignment and support for strategic initiatives.Qualifications:6 - 10 Years of Experience in Business developmentMBA 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 skillsExcellent 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
Job Title
Alfanar Projects | Business Development Manager