Business Development Manager

About the job Business Development Manager

Key Responsibilities

• Market Research:
  Conduct market research to identify potential customers, competitors, and market trends. Analyze data and provide insights to support business development strategies.
• Lead Generation:
  Identify and qualify leads for potential business opportunities, such as new partnerships, collaborations, and licensing agreements.
• Client Relationship Management:
  Build and maintain relationships with existing and potential clients, including medical device companies (principal), healthcare providers, and other stakeholders in the industry.
• Proposal Development: preparation and submission of proposals for new business ventures, including product licensing, distribution agreements, and strategic partnerships.
• Sales Support:
  Collaborate with the sales team to provide them with the necessary information and resources to pursue new business opportunities effectively.
• Contract Negotiation:
  Negotiating terms and conditions of contracts with clients and partners.
• Strategic Planning:
  Contribute to the development of business development strategies and plans to expand the company's market share and achieve growth objectives.
• Pipeline Management:
  Help in managing the business development pipeline, tracking progress, and updating relevant stakeholders on the status of ongoing and potential projects.
• Industry Analysis:
  Stay up-to-date with industry trends, regulatory changes, and competitive developments that may impact the company's business strategy.
• Collaborative Projects:
  Work closely with cross-functional teams, including marketing, regulatory affairs, and research and development, to ensure alignment and successful execution of business development initiatives.
• Reporting and Analysis:
  Prepare regular reports and presentations to share progress, achievements, and challenges with the senior management team.

Requirements

• A bachelor's degree in Nursing, Pharmacist/apothecary, Health Sciences / Healthcare, or a related field. An advanced degree (e.g., MBA) may be preferred.
• Must have a minimum of 3-5 years of experience in Business Development & Marketing in the Medical Device Industries
• Experience interacting and collaborating with principals and possessing strong negotiation skills.
• Having exposure experience in Marketing, Sales, and developing new product development (commercial)
• Ability to build and maintain long-term relationships with customers and business partners.
• Strong communication and interpersonal skills to effectively engage with clients and internal teams.
• Analytical mindset to gather and interpret data, identify opportunities, and make data-driven decisions.
• Knowledge of the Medical Device industry, including key players, regulations, and market dynamics.
• Result-oriented, ability to work independently and as part of a team, with a proactive and self-motivated approach to tasks.