The Vice President of Business Development will ultimately be responsible for supporting and sustaining Systems Control’s strong growth trajectory through the development and execution of a new-business commercial strategy. Strategic, tactical, and inspirational leadership with external customers and internal constituents is critical to success, as is close coordination with their world-class engineering, manufacturing, and finance functions.
The VP of Business Development will operate with a spirit of entrepreneurship while bringing strategic leadership and best practices to the organization.
DUTIES AND RESPONSIBILITIES
- Identify and assess strategic market opportunities across the breadth and depth of the utility equipment landscape, working closely with the Board, Comvest/OAG, and Senior Leadership to define the commercial strategy and allocate resources
- Build a deep understanding of competitor and customer dynamics to tailor Systems Control’s value proposition and define its strategic position in the market
- Execute the strategy, drive growth, and improve commercial performance in close collaboration with Sales, Pricing, and the Product Design group
- Establish and gain access to top Utility customers, and establish and continually develop close working relationships at the most senior levels to better understand needs and priorities and deliver solutions
- Develop and maintain a robust pipeline of business development opportunities, including new customers, development of existing customers (through share or adjacency), and entering new products and markets
- Support the development of KPI’s and performance metrics-driven environment, where ambiguity is removed or minimized by clear, measurable goals and frequent analysis of progress
- Optimize resources, processes, cross-functional and customer relationships to continually improve revenue growth and gross margin attainment
- Deliver financial commitments to business operating plans, financial cycles, and medium- to long-term financial frameworks, including:
- Actively lead the management of all controllable expenses
- Lead Business Development’s participation in collaborative company forecast process
- Lead proactive communication on any variances
- Periodic travel required
ACCOUNTABILITIES
- Sustain historical 15% growth rate pace by developing a broad base of blue-chip customers in a manner than is consistent with long-term success while mitigating and managing customer concentration
- Partner with Senior Leadership to build a short- and long-term strategic plan for the business including gaining alignment for the structure and development of the requisite sales team to execute the annual tactical plans
- Collaborate with the Business Development team to develop appropriate methodology and collaborate with Operations and Pricing teams to capture real-time feedback on pricing initiatives and strategies to drive margin improvement and increase market opportunities
- Define and deploy weekly/monthly KPI’s to analyze trends, performance and execution of sales
- Support internal team to specify, implement and execute a CRM system within the first 12 months that supports future scalability of the business
- Build accurate and reliable 6 to 12-month forecasts to support operations and internal planning efforts
- Leverage existing customer relationships to identify parallel growth market opportunities
- Negotiate contracts that represent the best interest of the business while managing and minimizing exposure and risk
- Solidify contractual review, PO review, acknowledgement and associate internal processes to protect the company from risk
What will help you thrive in this role?
EDUCATION & EXPERIENCE
- Bachelor’s Degree in business or a technical discipline. MBA or other advanced degree is preferred
- 15+ years professional experience with at least 10 years in senior leadership positions; a minimum of 10 years of experience leading sales or commercial teams in an industrial and/or utility-oriented environment
- Significant experience with senior level relationships at large scale electric utilities
- Diverse functional experience is highly desired, including pricing, marketing, go to market strategy, revenue management, and sales
QUALIFICATIONS
- A successful candidate will have spent ample time working in similar business development roles, ideally focused on industrial sales and/or utilities, and in organizations with revenue more than $250M
- Proactive, responsive, and engage. Driven and takes personal accountability. High energy.
- Operates with a sense of urgency and expects his/her team to do the same, leading by example
- Entrepreneurial spirit and enjoys a fast-changing environment
- Direct communication and working style. Advocates and selects the best idea, not necessarily their own idea. Low on ego and apolitical.
- Collaborative, flexible and open-minded. Able to thrive in a team-based environment. Exhibits a high degree of autonomy with a proven ability to pull disparate pieces together across the organization and ‘get things done.’
- Establishes a high degree of personal accountability among his/her team and enables the team to hold each other accountable, challenging the status quo, and fostering an environment of new ideas and change
- Analytically-oriented perspective towards business development, integrating analytics and technology into decision-making and resource allocation
- Demonstrated ability to recruit, lead, manage, and mentor a high-performing, data-driven team. Excellent coach and team leader who can champion change.
- Demonstrated selling and negotiation skills
- A successful record of progressive career advancement with expanding responsibilities
- Extreme customer focus; can be a model steward for Systems Control’s long legacy of close partnership with customers
SKILLS
- Ability to define and execute a strategy requiring close cross-functional coordination
- Experience in market/product strategy
- Strong analytical and financial skills
- Outstanding communication and presentation skills
- Familiarity with the utility landscape
- Strong negotiating and decision-making skills
- Experienced problem-solver
- Proficient in Microsoft Office Suite
Hubbell Incorporated, its subsidiaries and affiliates, is an EO Employer AA: M/F/Veteran/Disability. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender identity or any other protected class.
#J-18808-Ljbffr