Business Development Specialist Job Description Example
What Does a Business Development Specialist Do?
A business development specialist is basically responsible for developing and promoting the brand of a company.
His/her job description involves fashioning new ways to make the business grow and thrive in the face of competition.
Every employee in a business establishment is very important, but the business development specialist is undoubtedly one of the brains behind the establishment’s success.
He/she is expected to promote the brand, or to publish all products a marketing company has on offer.
Additionally, they are required by the establishment to develop business ideas towards improving sales record of the establishment.
They are sales and marketing professionals whose roles are to attract new clients to patronize the organization and to generate new sales leads for the company.
Business development specialists are equally involved in the public relationship aspect of the company.
They participate fully in gathering contacts and data bases for the company. They also play roles in organizing events for the organization.
They are usually saddled with the responsibility of convincing prospective customers to patronize the company.
All product-marketing and improvising activities playing out within the organization fall on their table.
Advertising in today’s world is far beyond the conventional or traditional means; things have now gone technological. This imposes the need for technological advancement on the business development specialist.
He/she must be technologically aware and have the understanding of ways to utilize technology to perform his/her product’s and services’ advertising roles.
The business development specialist is expected to utilize highly improved marketing and advertising methods, like TV broadcasting and so on.
The products they advertise should be very visible to the clients to ensure their efforts yield the expected fruits.
There is however an unarguable difference between the duties of a business development specialist and that of the marketing department staff members; the specialist is given the task to persuade prospective customers to make purchases from the company, while the marketing officer is involved in campaign management, research, and marketplace and competitive analysis for the company’s products.
Business Development Specialist Job Description Example
The Business development specialist is required to carry out certain functions, and perform certain tasks and responsibilities in a business organization. Some of such duties are highlighted in the sample job description below:
- Assess financial projections and business plans of the organization
- Evaluate the business expansion needs and start-up for the company, especially when there is push into new business environments
- Collect accurate data from ratio analysis, trends, cash flows, income statements and balance sheets based on the suggestions proffered by clients
- Liaise with any program gendered towards business development by the organization in provision of technical assistance to clients, including market plans, business evaluation, projected cash flows and financial pro formas
- Relate with clients for service delivery in line with company’s terms and conditions
- Make recommendations to management regarding necessary changes to company policies that can affect how clients accept company products
- Teach and coordinate groups involved in technical assistance education
- Track service outcome and delivery in the database prepared for each client
- Record appropriately time expended on communication with client in the database for the particular client
- Work together with customers and members of staff of the organization in promoting company’s values and ethics
- Get involved in all projects of the organization for the accomplishment of company’s strategies and goals
- Get involved in meetings involving business technical team of the organization
- Make prompt report to management regarding customers’ response to company’s products
Business Development Specialist Resume Preparation
A resume for the business development specialist job can be made using content from the sample job description provided above in producing the employment history section, as well as other parts of the resume.
Requirements – Skills, Knowledge, and Abilities – for Business Development Specialists Job
Business development specialists having the following skills, abilities, and knowledge have been known to be more productive and efficient on the job than those without them; therefore, to stand a better chance with employers, applicants vying for the role should strive to have them:
- College degree in business administration, business management, accounting, finance and other related fields of study
- Minimum of 2 years working experience in fields relating directly to business coaching, business consulting, and financial analysis
- Good understanding of general business procedures, including sales and marketing, operations, inbound logistics, Information Technology, human resources, and business financing
- Excellent understanding of tools for financial evaluation, such as the break-even points, cash flows, and rations
- Good writing skills required for presentation and preparation of accurate oral and well written summaries of company’s financial analysis
- Ability to operate computer programs related to financial analysis
- Ability to produce effective and clear communication, both written and verbal