Sr Business Development Associate

Department Icon Business Development / Sales
147+ Applicants
Posted: 1 month ago
8-12 years
Vadodara, Gujarat
work from office

Posted: 1 month ago
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Applicants: 147+
Job Description
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Job Description

For immediate consideration, email resume to: [HIDDEN TEXT]

The Sr. Business Development Associate role is designed as a growth architect for the business, and will be responsible for identifying, creating, and scaling new business opportunities across OEMs, EPCs & utilities, and identifying opportunities in after‑sales services within the energy and power ecosystem.

The role requires a professional who can read markets, identify unmet customer needs, and translate those needs into commercially viable products, solutions, and service offerings, working deeply with customers and internal cross‑functional teams (R&D, engineering, operations, supply chain, and finance).

The objective is to expand geographical footprint, unlock new revenue streams, shape future-ready products, and build sustainable, long-term B2B businesses, not just close transactions.

What Youll Do

Market & Geographic Expansion Strategy

  • Identify and prioritize new geographies, regions, and energy clusters based on power infrastructure development, utility investments, renewable integration, grid modernization, and industrial growth.
  • Conduct market gap analysis within targeted regions to identify opportunities across OEMs, EPCs, Utilities, and Industrial Customers.
  • Define market entry and expansion strategies, including route-to-market models (direct, EPC-led, OEM partnerships, utility empanelment, channel/service partners).
  • Track regional policy, regulatory, and energy transition trends influencing demand.

Customer-Centric Opportunity Identification

  • Engage deeply with OEMs, EPCs, and utility customers to understand explicit and latent/unmet needs, operational challenges, lifecycle gaps, and future demand.
  • Translate customer problems into new business opportunities, product concepts, system solutions, or service models.
  • Act as the voice of the customer internally, ensuring real market needs drive product and solution development—not assumptions.

Product Conceptualization & Co‑Creation (with R&D & Engineering)

  • Work closely with R&D, engineering, and operations to:
  • Translate customer requirements into technical specifications and solution architectures
  • Develop customized or platform-based products aligned with market demand
  • Support validation, pilot programs, and field trials with customers
  • Help define product positioning, value propositions, and commercial viability & Ensure solutions are not only technically sound but scalable, cost-competitive, and market-relevant.

New Business & Service Model Development

  • Identify and develop new revenue streams beyond core product sales:
  • After‑sales service models
  • AMC / lifecycle service contracts
  • Retrofit, upgrade, and modernization solutions
  • Spare parts, refurbishments, and long-term service agreements
  • Design commercial service offerings aligned with customer asset lifecycle and utility/EPC operating models & Build business cases for launching new verticals, product lines, or service businesses.

Industry Trend & Energy Ecosystem Intelligence

  • Track and analyze industry trends in:
  • Power & energy transition
  • Grid modernization
  • Renewable integration
  • Utility capex cycles
  • EPC execution models
  • OEM sourcing strategies
  • Convert macro and industry trends into actionable growth strategies.
  • Continuously benchmark competitors, substitute technologies, and emerging players.

Strategic Account & Ecosystem Development

  • Develop and manage strategic relationships across:
  • OEM decision-makers
  • EPC project management & design teams
  • Utility technical, commercial, and procurement stakeholders
  • Enable cross‑selling, upselling, and long‑term partnerships rather than project-based selling.
  • Collaborate internally with sales, operations, and finance to ensure execution excellence post‑order.

Commercial Strategy, Pricing & Forecasting

  • Develop regional pricing strategies considering:
  • Market maturity
  • Competitive landscape
  • Cost-to-serve
  • Customer buying behavior
  • Build revenue forecasts, opportunity pipelines, and business projections for new markets, products, and services along with ensuring proposals and business cases meet margin, ROI, and long-term growth objectives.

Cross-Functional Leadership & Execution

  • Act as a bridge between customers and internal teams, ensuring clarity, alignment, and speed.
  • Lead cross-functional discussions involving R&D, quality, operations, procurement, and finance for new initiatives.
  • Looking to get Placed? Try our Placement Guarantee Plan

    Drive initiatives from idea → validation → launch → scale, ensuring accountability and outcomes.

Mergers & Acquisitions (M&A)

  • Identify and evaluate M&A opportunities across the energy and power value chain, including OEMs, EPCs, utilities, grid infrastructure, renewables, and energy services
  • Assess strategic fit of acquisition targets with respect to technology platforms, product portfolios, regulatory alignment, customer segments, and geographic presence
  • Analyze synergy potential covering revenue expansion, access to new markets, capability augmentation, and operational efficiencies
  • Support commercial and strategic due diligence with a focus on market attractiveness, competitive dynamics, project pipeline strength, and scalability
  • Contribute to post‑merger integration planning to ensure seamless alignment of operations, customers, and growth strategy

What Youll Bring

  • Bachelors degree in engineering (Electrical / Mechanical / Power preferred)
  • 8–12+ years of B2B business development / strategic sales / market development
  • Must have OEM/EPC & Utilities/ Power, Energy, Electrical, or Industrial sectors experience
  • Proven exposure to product-based B2B businesses (not pure trading or retail)
  • Experience working closely with engineering/R&D teams on solution development Track record of building new businesses or markets from scratch is highly desirable

What We Value

  • MBA or equivalent in Marketing / Strategy / Business
  • Track record of building new businesses or markets from scratch is highly desirable
  • Strong understanding of energy & power industry dynamics
  • Ability to identify market gaps and unmet customer needs
  • Strategic thinking with hands-on execution capability
  • Commercial acumen – pricing, forecasting, margin thinking
  • Excellent stakeholder management (customers + internal teams)
  • Ability to convert ambiguity into structured growth plan

Success Measures

  • New geographies successfully penetrated
  • OEM/EPC/Utility segments expanded with sustainable revenue
  • New products or service offerings launched based on real customer needs
  • Strong customer relationships translating into repeat and long-term business
  • Clear contribution to topline growth and business diversification

For immediate consideration, email resume to: [HIDDEN TEXT]

Skills

Business DevelopmentSalesCustomer RelationshipsMarket DevelopmentUpselling

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About Company

Standex Electronics is a worldwide market leader in the design, development, and manufacture of standard and custom electro-magnetic components, including magnetics, reed switch-based sensors, and related assemblies. We partner with our customers to create custom solutions for demanding applications in the automotive, medical, industrial, test and measurement, communications, and appliance markets. Standex Electronics has a global footprint with manufacturing facilities in the United States, Mexico, Germany, China, and India. We also have sales and marketing offices throughout the world. Standex Electronics is a subsidiary of Standex International Corporation, a diversified global manufacturer with a track record of financial strength and consistent growth.
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Important dates & deadlines?

Application Deadline

19 Jun 26, 02:00 PM IST

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