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VP of Business Development

About Sayari: 

Sayari is the counterparty and supply chain risk intelligence provider trusted by government agencies, multinational corporations, and financial institutions. Its intuitive network analysis platform surfaces hidden risk through integrated corporate ownership, supply chain, trade transaction and risk intelligence data from over 250 jurisdictions. Sayari is headquartered in Washington, D.C., and its solutions are used by thousands of frontline analysts in over 35 countries.


Our company culture is defined by a dedication to our mission of using open data to enhance visibility into global commercial and financial networks, a passion for finding novel approaches to complex problems, and an understanding that diverse perspectives create optimal outcomes. We embrace cross-team collaboration, encourage training and learning opportunities, and reward initiative and innovation. If you like working with supportive, high-performing, and curious teams, Sayari is the place for you.


POSITION DESCRIPTION

Sayari’s Government team is looking for a VP, Business Development to join its team! The Business Development (BD) function is newly established and this role will be responsible for building and managing a team of business development professionals who will focus on driving business development in the US government sector on prime and subcontracts. This role requires active engagement with clients to create and mature opportunities alongside your team and stakeholders across the company. Our ideal candidate is located in the DMV area with the ability to go into our downtown DC office at least once a week. 


The Government Business Development function is responsible for defining capture strategy as prime/sub, identifying key contract vehicles, and building long term pipeline (6+months out). Business Development orchestrates involvement of multiple people in our sales process, so that new customer revenue is consistently secured. Acting as a thought leader at conferences, the Business Development function will help define key marketing and conference planning, while supporting the management of external consultants.


Job Responsibilities:
  • Build and manage the Business Development team, including BDRs through Strategic Business Development Managers
  • Engage new prospective clients within the U.S. Government, and with U.S. Government prime contractors, for new business. 
  • Manage a list of named strategic Accounts/Targets and demonstrate success at closing new logo and new business with target and prospect accounts based on established new logo/new business revenue expectations.
  • Develop key relationships at high level executives in the Government and with key partners
  • Orchestrate the strategy and development of key initiatives to create pipeline
  • Lead / Co-lead strategic capture and proposal development efforts
  • Identify price to win source data and performs price to win analysis
  • Coordinate and facilitate activities and commitments with other departments and/or functions
  • Support, communicate, reinforce and defend the mission, values and culture of the organization
  • Developing knowledge of industry trends and forecasts
  • Travel as needed to attend trade and industry events.


Skills & Experiemnce
  • Hunter sales mentality – goal driven and self-motivated
  • 7+ years experience in Field Sales experience related to U.S. Government contract sales
  • 10+ years of experiences leading business development organizations successfully in government contracting 
  • Strong interpersonal, verbal, written and presentation communication skills
  • Experienced in federal government contract sales lifecycle and knowledge on GWACs
  • Strong relationship with small and large system integrators in the federal government contracting area
  • Fluent in supply chain and open source data and how it drives the Government's mission
  • Knowledge of U.S. Government buying cycles and processes
  • Knowledge of specific U.S. Government registrations and requirements
  • Demonstrated experience selling to and closing business with US Federal government agencies.
  • Ability to work productively both individually and in a team environment.
  • Sense of urgency for goal achievement; is timeliness and accountable for results
  • Self-motivated with ability to work in a fast paced and constantly changing environment
  • Expert in building rapport and relationships; can influence others to action with ease
  • Ability to travel to meet with customers on and off-site on a regular basis


$215,000 - $230,000 a year
The target base salary for this position is $215,000-$230,000 plus commission and equity. Final offer amounts are determined by multiple factors including location, local market variances, candidate experience and expertise, internal peer equity, and may vary from the amounts listed above.

Benefits:

·       100% fully paid medical, vision, and dental for employees and their dependents

·       Generous time off; we observe all US federal holidays, close our office for a winter break (12/24-12/31), in addition to granting 18 PTO days and 10 sick days

·       Outstanding compensation package; competitive commissions for revenue roles and quarterly bonuses for non-revenue positions

·       A strong commitment to diversity, equity, and inclusion

·       Eligibility to participate in additional benefits such as 401k match up to 5%, 100% paid life insurance (up to $100,000 coverage),, and parental leave

·       A collaborative and positive culture - your team will be as smart and driven as you

·       Limitless growth and learning opportunities 


Sayari is an equal opportunity employer and strongly encourages diverse candidates to apply. We believe diversity and inclusion mean our team members should reflect the diversity of the United States. No employee or applicant will face discrimination or harassment based on race, color, ethnicity, religion, age, gender, gender identity or expression, sexual orientation, disability status, veteran status, genetics, or political affiliation. We strongly encourage applicants of all backgrounds to apply.

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Average salary estimate

$222500 / YEARLY (est.)
min
max
$215000K
$230000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About VP of Business Development, Sayari

At Sayari, we are shaping the future of risk intelligence and we’re on the lookout for a charismatic and experienced VP of Business Development to join our Government team in Washington, D.C. This newly established role presents an exciting opportunity to lead and build a dynamic business development team dedicated to exploring opportunities within the U.S. Government sector. Your primary mission will be to drive new business initiatives, ensure strategic engagement with prospective clients, and foster long-lasting relationships with key partners. You’ll not only orchestrate innovative capture strategies and develop essential pricing analyses, but you will also act as a thought leader at industry events, establishing Sayari’s position in the government contracting landscape. To excel in this role, you should have a hunter mentality, be goal-driven and possess a wealth of experience in government contract sales. Embracing a collaborative culture, you will engage cross-functionally with our talented team, reinforcing our mission and values while tapping into industry trends to stay ahead of the curve. With competitive compensation, outstanding benefits, and limitless growth opportunities, Sayari is committed to a diverse and inclusive team that mirrors the rich tapestry of the United States. If you’re ready to make a significant impact in a supportive, innovative environment, we would love to hear from you!

Frequently Asked Questions (FAQs) for VP of Business Development Role at Sayari
What does the VP of Business Development role involve at Sayari?

The VP of Business Development at Sayari is responsible for leading and managing a team focused on driving business development in the U.S. government sector, targeting both prime and subcontract opportunities. This involves engaging with clients, developing capture strategies, and ensuring a consistent new customer revenue stream.

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What qualifications are needed for the VP of Business Development position at Sayari?

Candidates for the VP of Business Development role at Sayari should have at least 10 years of experience in leading business development organizations in government contracting, along with a minimum of 7 years in field sales related to U.S. Government contract sales.

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How will the VP of Business Development contribute to Sayari's goals?

The VP of Business Development at Sayari will play a pivotal role in defining and executing strategies to cultivate new business relationships, manage key accounts, and effectively lead proposal development efforts, thereby driving significant revenue growth and enhancing Sayari's market presence.

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What are the travel requirements for the VP of Business Development role at Sayari?

The VP of Business Development position may require travel to attend various trade events, workshops, and client meetings. Being able to travel regularly is essential to successfully engage with customers and forge new business relationships.

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What type of company culture does Sayari promote?

Sayari promotes a collaborative and positive culture where diversity, equity, and inclusion are at the forefront. With a team-driven approach, the company fosters an environment of innovation, learning opportunities, and supportive teamwork.

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What are the potential career growth opportunities for the VP of Business Development at Sayari?

As the VP of Business Development at Sayari, you will find numerous avenues for career advancement, helping to shape the strategic direction of the company while mentoring your team and expanding the business’s reach in the government sector.

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What benefits can the VP of Business Development expect at Sayari?

Sayari offers an outstanding benefits package including fully paid medical, vision, and dental for employees and their dependents, generous time off, 401(k) matching, and a strong commitment to personal and professional growth.

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Common Interview Questions for VP of Business Development
How do you approach building relationships with government clients?

I focus on understanding the client’s needs and establishing trust. Building relationships requires consistent communication and demonstrating value through our solutions, ensuring that we align with their mission objectives.

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What strategies have you used to secure business development opportunities in the past?

In my previous roles, I identified key decision-makers through networking, utilized market research to target strategic accounts, and developed tailored proposals that address specific government requirements for successful engagement.

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Can you explain your experience with federal government contract sales lifecycle?

My experience includes navigating the full contract lifecycle from identifying opportunities and developing proposals to negotiating terms and ensuring compliance while working closely with legal and procurement teams to secure contracts.

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What role does collaboration play in business development?

Collaboration is critical in business development as it leverages diverse perspectives to create comprehensive solutions. I emphasize cross-departmental collaboration to address client needs effectively and streamline the sales process.

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How do you stay updated on industry trends and government purchasing cycles?

I stay informed through continuous education, attending industry conferences, following key publications and expert insights, and monitoring government announcements and procurement updates to adapt our strategies accordingly.

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Describe a successful capture strategy you have led.

In a previous position, I developed a comprehensive capture strategy for a large contract by conducting thorough market analysis, identifying key competitors, and aligning our strengths with the client's needs, leading to a successful bid.

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How do you handle pressure in a fast-paced environment?

Handling pressure involves remaining organized and focusing on priorities. I set milestones, maintain open communication with my team, and adapt strategies when needed to ensure we meet our targets without compromising quality.

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What experience do you have working with subcontractors?

Working with subcontractors has involved establishing clear expectations and communication channels. I ensure that all parties are aligned with the project goals to facilitate collaboration and shared success.

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How do you determine the price to win in a competitive bidding situation?

Determining price to win involves comprehensive analysis of competitor pricing, understanding the client’s budget constraints, and evaluating our cost structure to propose a compelling, yet profitable, bid.

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What metrics do you use to measure success in business development?

I measure success using a mix of quantitative and qualitative metrics, including new contracts secured, revenue growth, conversion rates from leads to clients, client satisfaction scores, and market share expansion.

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Full-time, hybrid
DATE POSTED
November 25, 2024

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