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Precision Medicine Group

VP - Strategic Business Development

Precision Medicine Group, Boston, Massachusetts, us, 02298


Vice President (VP) Strategic Business Partner

Position Summary

The VP, Strategic Business Partner, a role that requires a balance of business acumen and interpersonal acuity, is accountable for developing new Precision AQ revenue opportunities within existing accounts by building strong client/stakeholder relationships, identifying high-value opportunities, promoting all Precision AQ capabilities, and monitoring competitive/pipeline developments.

The VP, Strategic Business Partner reports to the Chief Growth Officer, and may have direct reports (i.e., BD Team), as well as indirect reports (i.e., Inside Sales Team).

This position is accountable for:

Developing and executing annual strategic business plan to drive new revenue and sales growth of all Precision AQ products & services as measured by sales bookings—and directly accountable for large, market-leading life sciences companies

Building and maintaining relationships with clients (especially at the senior executive level), and leveraging these relationships to generate new business opportunities and drive revenue growth

Managing client opportunities from prospecting, solution development, SOW finalization, and successful transition to Precision service lines for implementation

Collaborating with Precision service lines to coordinate account information/relationships and advance cross-selling opportunities to expand market share within targeted accounts

Promoting Precision AQ capabilities and solutions through lead generation activities (e.g., conferences, trade shows, webinars)

Informing/directing market research and analysis to identify trends, competitive landscape, and potential opportunities

Essential Business Development functions of the job include but are not limited to:

Developing and executing annual strategic business plan to drive new revenue and sales for all Precision AQ products & services, as measured by sales bookings

Create ongoing client-specific development strategies and plans to achieve annual business development and sales targets by client

Collaborate with Precision AQ service lines to inform budgets, forecasts, and metrics

Building and maintaining relationships with clients (especially at the senior executive level), and leveraging these relationships to generate new business opportunities and drive revenue growth

Engage life science clients—either individually or in group presentations—to create and cultivate new relationships that lead to additional revenue opportunities

Managing client opportunities from prospecting, solution development, SOW finalization, and successful transition to service lines implementation

Actively manage the client sales cycle including prospecting, stakeholder meetings, proposal development, proposal delivery, pipeline management, and transition to implementation

Anticipate client needs and prepare executive summaries and presentations that cultivate opportunities and demonstrate the value of Precision AQ solutions

Negotiate client deliverables and development/maintenance value-based pricing

Maintain and update client records in Salesforce

Collaborating with Precision AQ service lines to coordinate and advance cross-selling opportunities and expand market share within targeted accounts

Communicate client needs, feedback, and recommendations with service lines

Initiate company-wide communications and collaboration to further the Precision AQ value and foothold within the client

Coordinate with Marketing and Sales Operations to inform strategic marketing and lead generation activities

Promoting Precision AQ capabilities and solutions through involvement in lead generation activities (e.g., conferences, trade shows, webinars)

Represent existing engagement resources and innovation by presenting at conferences and trade shows

Expertly manage subsequent relationships as part of the selling process

Directing analysis to identify trends, competitive landscape, and potential opportunities

Contribute to pricing and competitive positioning for Precision AQ solutions

Be a student of the life science marketing industry knowledgeable of new products, platforms, and services

Spearhead competitive assessment by tracking competitors and their initiatives and analyzing competitive threats from within and outside the market

Travel up to 50%

Team Leadership & Development

Inspire a culture based on teamwork, accountability, and intellectual curiosity and lead as a role model for excellence, integrity, and respect for others

Manage and coach team members with Situational Leadership

Own team member hiring, training, development, and staffing allocation

Provide rolling feedback, conduct regular performance reviews, and maintain career path development plans for direct reports

Qualifications

Required

BS in business and/or marketing, or similar

20+ years of experience, optimally in life sciences company sales and marketing positions, or professional services firms selling products and/or consultancy to life science companies

Successful track record in driving revenue growth and achieving business results

Expertise in consultative, insight-focused, account-based selling approach

Comprehensive understanding of life science customer experience and engagement strategies and tactics

Demonstrated broad influence leading cross-functionally in organizations

Experience in managing and developing teams

Computer applications: MS Office applications

Preferred

MBA/MS in business and/or marketing, or similar

Computer applications: Salesforce

Skills

Communication: Excellent communication and people skills, with the ability to articulate complex ideas and solutions in a clear and compelling manner

Project Management & Collaboration: Strong project management skills, with the ability to manage multiple projects simultaneously and to work effectively with cross-functional teams

Sales: Ability to identify, qualify, and negotiate effectively with clients to close business deals. Experience with consultative, insight-focused, account-based selling approach

Analysis: Strong analytical skills and the ability to use data and metrics to drive decision-making and measure the success of business development efforts.

Competencies

Strategic Thinking: Ability to think creatively and strategically to identify and pursue new business opportunities, develop effective business plans, and achieve organizational goals

Relationship-building: Ability to build and maintain strong relationships with clients (especially at the senior executive level), and to leverage these relationships to generate new business opportunities and drive revenue growth

Industry Knowledge: Strong understanding of the consulting services and life sciences industries, including market trends, competitive landscape, and emerging opportunities

Adaptability: Ability to adapt to changing market conditions, client needs, and business priorities, and to pivot strategies and tactics as needed to achieve business goals

Leadership: Ability to lead and mentor junior team members, to inspire and motivate colleagues and partners, and to drive a culture of excellence and accountability

Results-orientation: Track record of success in driving revenue growth, achieving business targets, and delivering results

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