Business Development Analyst Hanover, MD Posted: 3/28/2025
Job Description
Job ID#:
210638
Job Category:
Other Professional
Position Type:
Associate - W2
Duration:
DH
We have an outstanding career opportunity for a Business Development Analyst to join a leading Company located in the Hanover, MD surrounding area.
Pay Rate: 95k-125K
The Business Development Analyst will execute the responsibilities outlined below to pursue multiple growth sources, including but not limited to cross-selling existing offerings, developing new products and services, and strategically managing pricing. This role will report to the Product and Business Development Manager for Logistics and Material Handling.
Job Responsibilities:
Conduct primary research through customer site visits, surveys, interviews, and conversations with account managers.
Perform secondary research using industry reports, articles, and other sources to gather market insights.
Segment markets and identify specific value pockets with high growth potential.
Identify emerging trends and shifts in the market to inform strategy, such as parcel volume and market share changes.
Opportunity Identification and Validation:
Analyze market gaps to identify underserved needs that align with the company's product and service offerings.
Evaluate various opportunity types, such as leveraging existing products and services, untapped customers, services and parts for the installed base, product improvements, new applications, new regions, and new market verticals.
Prioritize opportunities based on potential value and alignment with company strategy, resource availability, and customer demand.
Validate customer demand through engagement with stakeholders.
Cross-functional Collaboration:
Ensure all teams are aligned on business development initiatives.
Coordinate efforts to refine go-to-market strategies and ensure product-market fit.
Help develop and execute strategic initiatives for new products and market entries.
Sales, Product Management, R&D, and Solutions Development are key collaborators.
Value Proposition, Business Case Development, and Selling:
Build detailed business cases that support investment decisions.
Perform total cost of ownership (TCO) and return on investment (ROI) analyses to evaluate the financial viability of pursuing an opportunity.
Craft a clear, compelling value proposition for each opportunity, outlining how it addresses customer pain points and delivers quantifiable value.
Identify potential risks (e.g., market, competitive, technological) and mitigation strategies.
Present the business case to internal stakeholders to gain alignment and support.
Sell to customers.
Customer and Partner Engagement:
Develop customer relationships to understand their needs, challenges, and feedback.
Identify and develop relationships with potential acquisition targets and strategic partners.
Spend time at customer facilities to observe and better understand operational processes and areas where the company can provide added value.
Participate in industry trade shows to represent the company and gather market intelligence.
Basic Hiring Criteria:
Bachelor's degree.
5+ years of professional experience, with a focus in new business development. Preference for experience in industrial automation.
Proven track record of identifying, prioritizing, developing, and executing strategic initiatives in a fast-paced environment.
Experience in conducting market analysis and analyzing market data.
Excellent written and verbal communication skills.
The ability to lead a team with proven presentation skills.
Benefits offered vary by contract. Depending on your temporary assignment, benefits may include direct deposit, free career counseling services, 401(k), select paid holidays, short-term disability insurance, skills training, employee referral bonus, and affordable medical coverage plan, and DailyPay (in some locations). For a full description of benefits available to you, be sure to talk with your recruiter.
The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:
The California Fair Chance Act
Los Angeles City Fair Chance Ordinance
Los Angeles County Fair Chance Ordinance for Employers