Business Development Coordinator Job Description [Updated for 2024]

business development coordinator job description

In the fast-paced world of business, the role of a Business Development Coordinator has never been more vital.

As the business landscape evolves, the demand for individuals who can strategize, plan, and spur our business growth amplifies.

But what does a Business Development Coordinator truly do?

Whether you are:

  • A job seeker trying to understand the core responsibilities of this role,
  • A hiring manager shaping your ideal candidate profile,
  • Or simply fascinated by the world of business development,

You’ve come to the right place.

Today, we present a comprehensive Business Development Coordinator job description template, tailored for effortless posting on job boards or career sites.

Let’s delve right into it.

Business Development Coordinator Duties and Responsibilities

Business Development Coordinators play a pivotal role in any business, fostering relationships with new clients, coordinating with existing clients, and contributing to the overall growth and success of the business.

Their duties and responsibilities include:

  • Researching and identifying new business opportunities, including new markets, growth areas, trends, customers, partnerships, products and services, or new ways of reaching existing markets
  • Seeking out the appropriate contact in an organization
  • Generating leads and cold calling prospective customers
  • Meeting with potential clients to understand their needs and present possible solutions
  • Establishing relationships with new clients and maintaining and nurturing business relationships with existing clients
  • Creating a pipeline of potential clients and managing the follow-up process
  • Working closely with team members to develop and implement business and sales strategies
  • Preparing and presenting business proposals and pitches to potential clients
  • Keeping abreast of industry trends and competition
  • Assisting with the development of marketing materials and ensuring that all marketing efforts align with the company’s business goals
  • Keeping record of sales, revenue, invoices etc.
  • Providing management with feedback and periodic reports

 

Business Development Coordinator Job Description Template

Job Brief

We are seeking a driven and detail-oriented Business Development Coordinator to identify business growth opportunities and develop strategies to increase company sales.

The Business Development Coordinator’s responsibilities include identifying company products and services that are underperforming, developing market research surveys, and analyzing customer feedback.

Our ideal candidate has strong communication and coordination skills, a compelling sales personality, and a hunger to chase and close new business from cold calls and inbound warm leads.

 

Responsibilities

  • Assisting with the implementation of business development strategies.
  • Identifying potential clients and building relationships.
  • Developing and managing strategic partnerships to grow business.
  • Tracking client engagement and sales.
  • Coordinating with internal teams to meet client needs.
  • Developing proposals and delivering presentations to clients.
  • Reporting on business development trends and market conditions.
  • Attending networking events and conferences.

 

Qualifications

  • Proven experience in business development or similar role.
  • Strong communication and negotiation skills.
  • Ability to develop and maintain strong relationships with clients.
  • Proficient in Microsoft Office Suite and CRM software.
  • Detail-oriented with strong organizational skills.
  • Bachelor’s degree in Business Administration or related field.

 

Benefits

  • 401(k)
  • Health insurance
  • Dental insurance
  • Retirement plan
  • Paid time off
  • Professional development opportunities

 

Additional Information

  • Job Title: Business Development Coordinator
  • Work Environment: Office setting with options for remote work. Some travel may be required for client meetings or industry events.
  • Reporting Structure: Reports to the Business Development Manager.
  • Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
  • Pay Range: $65,000 minimum to $85,000 maximum
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Full-time
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Business Development Coordinator Do?

Business Development Coordinators typically work for businesses across various industries, including IT companies, marketing agencies, and consulting firms.

Their primary role is to help grow the business by identifying new opportunities, establishing relationships with potential clients and partners, and increasing market visibility.

They often conduct research and analysis to understand market trends, competitor activities, and customer needs.

This information is then used to develop strategic business plans and to provide recommendations for expanding the company’s market presence.

Business Development Coordinators also coordinate and execute business initiatives, such as marketing campaigns or product launches.

They work closely with different departments, including sales, marketing, and product teams, to ensure that these initiatives align with the company’s overall business objectives.

They may also be involved in negotiating contracts, making sales presentations, and maintaining client relationships.

Business Development Coordinators often serve as the main point of contact for clients and partners, addressing any concerns or feedback and ensuring that all business dealings are conducted professionally and efficiently.

Their ultimate goal is to increase company revenue and profitability, while maintaining high levels of customer satisfaction.

 

Business Development Coordinator Qualifications and Skills

A proficient Business Development Coordinator should have the skills and qualifications that match your job description, which may include:

  • Excellent communication skills for presenting, negotiating, and building strong relationships with partners and clients.
  • Strong analytical skills to evaluate trends, performance metrics, and business opportunities.
  • Proficient in business planning and strategy development to identify potential growth areas and improve overall business performance.
  • Exceptional time-management and organizational skills to effectively manage multiple projects and deadlines.
  • Proactive problem-solving abilities to identify and overcome potential obstacles to business growth.
  • Proficiency in using business software such as Microsoft Office Suite, CRM systems, and data analysis tools.
  • Customer service skills for understanding the needs of clients, addressing their concerns, and ensuring their satisfaction.
  • Ability to work collaboratively with a team, including sales, marketing, and management staff.
  • Familiarity with industry trends, market innovations, and competitor activity.

 

Business Development Coordinator Experience Requirements

For entry-level Business Development Coordinator roles, candidates are often expected to have a minimum of 1 to 2 years of experience in a business or sales environment.

This experience could be obtained through internships or part-time roles in businesses, sales, or marketing.

Candidates who have more than 3 years of experience would typically have developed their skills in business development, sales, marketing, or account management roles.

They may have been involved in identifying new business opportunities, conducting market research, developing business strategies, or managing client relationships.

Those with more than 5 years of experience are usually well-versed in all aspects of business development and may have supervised or managed a team in their previous roles.

Their experience would typically include developing and implementing growth strategies, collaborating with company leaders, and coordinating business development programs or initiatives.

It’s also desirable for Business Development Coordinators to have experience with CRM software, data analysis, and strategic planning.

Being experienced in these areas would allow them to effectively identify potential business opportunities, manage client relationships, and contribute to the company’s strategic goals.

 

Business Development Coordinator Education and Training Requirements

Business Development Coordinators typically hold a bachelor’s degree in business administration, marketing, or a related field.

The curriculum of these programs usually includes subjects such as marketing principles, strategic planning, business law, economics, and finance.

This broad understanding of the business landscape is crucial in identifying and seizing growth opportunities.

Experience in sales or marketing can be advantageous for prospective Business Development Coordinators.

Additionally, understanding of CRM software, data analysis and project management tools can be beneficial as these professionals often work closely with diverse cross-functional teams and manage a variety of projects.

In some cases, employers may prefer candidates with an MBA or other advanced business degree, particularly for senior-level positions.

These degrees provide a deeper understanding of business strategies and decision-making processes.

Business Development Coordinators may also consider professional certifications in areas such as project management, strategic sales, or marketing to enhance their credentials.

Such certifications can signify a commitment to the field and can provide an edge in the competitive job market.

Soft skills like communication, negotiation, and leadership are equally important for success in this role, and can be honed through on-the-job experience, seminars, and workshops.

 

Business Development Coordinator Salary Expectations

A Business Development Coordinator earns an average salary of $48,757 (USD) per year.

This salary may vary based on factors such as years of experience, the size and industry of the employing company, and the cost of living in the geographical location.

 

Business Development Coordinator Job Description FAQs

What skills does a Business Development Coordinator need?

Business Development Coordinators should have excellent communication and interpersonal skills to liaise with different departments and clients.

They should be proficient in market research and data analysis to identify new business opportunities.

Organizational skills and the ability to manage multiple projects are critical.

They should also possess strong negotiation and sales skills, along with a good understanding of business strategies and principles.

 

Do Business Development Coordinators need a degree?

Most Business Development Coordinators have a bachelor’s degree in business administration or a related field.

Some employers may require a master’s degree in business administration (MBA).

However, significant experience in business development or sales can sometimes substitute for educational requirements.

 

What should you look for in a Business Development Coordinator resume?

Look for a degree in business or a related field, along with experience in business development or sales.

Proficiency in CRM software and data analysis tools is also advantageous.

Look for candidates who have experience in project management and negotiation, as well as those who have worked in your industry.

 

What qualities make a good Business Development Coordinator?

A good Business Development Coordinator is a strategic thinker and can identify opportunities for growth.

They have strong networking abilities and can build and maintain relationships with clients.

They are result-driven and can negotiate contracts effectively.

They also have a strong understanding of market trends and can analyze data to support business strategies.

 

Is it difficult to hire a Business Development Coordinator?

Hiring a Business Development Coordinator can be challenging due to the broad range of skills and experience required for the role.

It can be tough to find someone who has the right balance of interpersonal skills, strategic thinking, and industry knowledge.

Employers can attract the right candidates by offering competitive salaries, clear career progression paths, and opportunities for professional development.

 

Conclusion

There you have it.

Today, we’ve unveiled the true meaning of being a Business Development Coordinator.

Surprise, surprise?

It’s not just about closing deals.

It’s about shaping the commercial trajectory, one strategic decision at a time.

With our reliable Business Development Coordinator job description template and real-life examples, you’re ready to make your move.

But why settle there?

Dig deeper with our job description generator. It’s your next step to creating precision-made job listings or refining your resume to perfection.

Keep in mind:

Every strategic decision is a part of the grand vision.

Let’s sculpt that future. Together.

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