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Head of Business Development (Hybrid)

Company Description

Fastmarkets is an industry-leading price-reporting agency (PRA) and information provider for global commodities, providing price data, news, analytics and events for the agriculture, forest products, metals and mining and new-generation energy markets.

Fastmarkets' data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management. Fastmarkets is a global business with a history dating back to 1865 and is built on trust and deep market knowledge. It has more than 600 employees spread across global locations in the UK, US, China, India, Singapore, Brazil, Belgium, Finland and beyond. 

Job Description

We’re seeking a dynamic Head of Business Development to head up our BDR Team, focusing on achieving outbound and inbound sales targets. This role involves managing a team of 6, driving sales activities, and ensuring pipeline growth in designated territories. 

You’ll be responsible for hiring, coaching, and performance management, working closely with sales and marketing to enhance sales outreach activities. Ideal candidates will have a strong sales background, excellent leadership skills, and a proven track record in developing successful sales teams. Join us to play a pivotal role in our rapid growth journey. 

Responsibilities 

  • Deliver on outbound and inbound growth initiative goals and objectives 
  • Lead a team of Business Development Representatives from our London office 
  • Participate in the BDR recruitment process and hiring decisions 
  • Consistently meet or exceed team goals for activity, hiring, and pipeline creation 
  • Track and drive BDR activity metrics and grow pipeline in specific territories 
  • Coach, manage performance, and develop the career paths of team members 
  • Partner with business development and sales operations to enhance sales outreach performance and process 
  • Assess team needs and recommend training plans and programs 

Qualifications

We recruit talented, dynamic people with diverse backgrounds and experiences, all united by a belief in our mission to provide the world’s leading and most trusted price reporting, events, and intelligence service for the markets we serve. We’re proud to be an equal opportunities employer and are committed to creating a fully inclusive workplace, where everyone feels able to participate and contribute meaningfully.

If you are open-minded, curious, resilient, solutions-oriented and committed to promoting equality, then read on...

KNOWLEDGE, EXPERIENCE AND SKILLS

We are looking for an individual who is highly motivated, driven, and have a passion to be part of a fast-paced, successful team. Being a strong team player is also important as well as someone who is happy to work flexibly.

  • 3-5 years of experience as a Sales Development Manager with a background as an Account Executive or in a similar closing position 
  • Previous experience leading a BDR function preferred 
  • Ability to coach and hold team members accountable for results 
  • Solid understanding of reporting, forecasting, and B2B sales processes 
  • Outstanding communication, organizational, and leadership skills 
  • Proficiency in CRM software 
  • Experience in SaaS or Commodity Markets  
  • Project management skills and knowledge of sales KPIs evaluation 
  • Previous experience in high-growth B2B business environment or Private Equity business 
  • Previous experience in a PRA helpful 

If you're excited about the role but your experience, skills or qualifications don't perfectly align, we encourage you to apply anyway.

Additional Information

Our Values

Fastmarkets people come from all different walks of life. It’s this mix of brilliant personalities, experiences and insights that gives us that warm, open, and friendly culture you can feel as soon as you meet us. But however wonderfully different we all are, there are six things we all have in common – and they form our Fastmarkets values.

Created by our own employees to reflect some of the personal traits that Fastmarkets people have, our values are key to what makes our culture unique. They reflect who each of us are and they're embedded in everything we do. Our values are:

  • METRICS DRIVEN. We use insights to improve our customers’ experience and our business performance
     
  • ACCOUNTABLE. We are accountable to ourselves and those we work with: we keep our promises and get things done
     
  • GROWTH MINDSET. This value enables us to be nimble to the changing realities and operate with a sense of urgency
     
  • INCLUSIVE. We are inclusive and respectful, celebrating each of us and giving everyone a deep sense of belonging with the desire to bring their best self to work every day.
     
  • CUSTOMER CENTRIC. We are customer-centric in all that we do
     
  • COLLABORATIVE. We are collaborative, able to work across teams and capitalise on the diversity of intellect, perspectives, and experiences.

You’ve read a little about us – now it’s over to you!

If you like what you’ve read so far and think you can see yourself as a Fastmarkets person, it’s time to fill in your application form. This form is an important part of the selection process: it’s used to determine whether or not you’ll be chosen to have an interview and acts as a basis for the questions we’ll ask you on the day.

It’s vital that you try to capture all the relevant information we have asked for on the form so we can get a good feel for who you are and why you’re great.

Fastmarkets Glassdoor Company Review
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CEO of Fastmarkets
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Raju Daswani
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What You Should Know About Head of Business Development (Hybrid), Fastmarkets

Are you a dynamic leader ready to take charge? Fastmarkets is on the lookout for a Head of Business Development to lead our Business Development Representatives Team in the vibrant city of London. In this pivotal role, you will focus on achieving both outbound and inbound sales targets while managing a talented group of 6 professionals. You'll have the exciting responsibility of hiring, coaching, and developing your team to meet ambitious sales goals while ensuring pipeline growth across our designated territories. Your experience and skills will be integral as you collaborate closely with our sales and marketing teams to enhance outreach activities. We value a strong sales background and excellent leadership skills, along with a proven track record in cultivating successful sales teams. Joining Fastmarkets means being part of an industry-leading price-reporting agency since 1865, dedicated to providing critical price data and insights that help our customers navigate the complex world of commodities. If you're passionate about fostering growth, coaching talent, and driving results, dive into this opportunity, and be part of our exciting journey forward!

Frequently Asked Questions (FAQs) for Head of Business Development (Hybrid) Role at Fastmarkets
What does the Head of Business Development do at Fastmarkets?

The Head of Business Development at Fastmarkets leads the BDR team in achieving outbound and inbound sales targets. This role encompasses managing sales activities, recruiting and coaching team members, and enhancing sales outreach performance through collaboration with sales and marketing.

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What qualifications are needed for the Head of Business Development role at Fastmarkets?

To succeed as the Head of Business Development at Fastmarkets, candidates should possess 3-5 years of experience as a Sales Development Manager, ideally with previous leadership experience in a BDR function. A strong understanding of B2B sales processes and CRM software proficiency is also essential.

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What skills contribute to success as Head of Business Development at Fastmarkets?

Outstanding communication, leadership, project management, and organizational skills are key for the Head of Business Development role at Fastmarkets. An ability to coach team members and motivate them towards achieving metrics-driven goals is also crucial.

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What are the main responsibilities of the Head of Business Development at Fastmarkets?

The main responsibilities include driving growth initiatives, managing a team of Business Development Representatives, tracking team performance metrics, participating in recruitments, coaching employees, and enhancing the sales process in collaboration with other departments.

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How does Fastmarkets support professional development for the Head of Business Development?

At Fastmarkets, we support professional development by evaluating team needs and recommending training programs. The Head of Business Development plays a significant role in fostering career growth for team members through coaching and performance management.

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What is the company culture like at Fastmarkets for the Head of Business Development?

The company culture at Fastmarkets is warm, open, and highly collaborative. We value diversity and inclusivity, celebrating unique backgrounds and experiences that enhance our work environment. As the Head of Business Development, you will thrive in a culture committed to accountability and growth.

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How does the Head of Business Development contribute to Fastmarkets' growth?

The Head of Business Development significantly contributes to Fastmarkets’ growth by leading the BDR team to meet sales targets, enhancing outreach strategies, and developing effective training plans to build a high-performing sales culture.

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Common Interview Questions for Head of Business Development (Hybrid)
Can you describe your experience in leading a sales development team?

In your answer, highlight specific leadership experiences, the size and structure of teams you've managed, and any techniques you've used to motivate and coach team members. Emphasize measurable successes, such as exceeding sales targets or improving team performance metrics.

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How do you handle underperforming team members?

Discuss a structured approach: identify the issue, offer support through coaching and training, set clear expectations, and follow up. Mention examples of how you've turned around performance and the communication strategies you employed to ensure transparency.

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What strategies do you utilize to drive outbound sales initiatives?

Share specific strategies you've implemented in past roles, such as targeted outreach, performance tracking, and analytics to assess market needs. Highlight your adaptability in response to market trends to ensure sustained growth and engagement.

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What role does data play in your management style?

Explain the importance of analyzing data to make informed decisions. Provide examples of how data-driven insights have led to improved sales performance in previous roles, including tracking KPIs and adjusting strategies accordingly.

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Describe your approach to recruitment for your team?

Outline a clear recruitment process, emphasizing the importance of not just skills, but cultural fit. Discuss how you've successfully identified top talent in the past and what qualities you look for to enhance team dynamics.

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How do you foster a collaborative environment among teams?

Illustrate your collaboration approach, such as regular meetings, cross-departmental projects, or team-building activities. Highlight how effective collaboration has led to improved outcomes in your previous roles.

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What’s your experience with CRM software?

Detail your experience with specific CRM tools you've used in the past, how you've leveraged them to track sales performance, and how you've trained your team to utilize these tools effectively to enhance their productivity.

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How do you stay updated with trends in the commodity markets?

Discuss your methods for staying informed about market trends, which might include attending industry conferences, participating in webinars, subscribing to relevant publications, or networking with industry professionals.

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What would you consider your leadership style?

Share your unique leadership approach, whether it's transformational, transactional, or servant leadership. Provide examples of how your style has positively impacted team morale and performance.

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How do you measure success in your role?

Explain the metrics you consider when assessing success, such as sales growth, team development, and overall pipeline health. Detail how you use these indicators to adjust your strategies for maximum effectiveness.

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Full-time, hybrid
DATE POSTED
November 28, 2024

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