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Business Development Director

Arcadia is dedicated to happier, healthier days for all. We transform diverse data into a unified fabric for health. Our platform delivers actionable insights for our customers to advance care and research, drive strategic growth, and achieve financial success. For more information, visit arcadia.io.


Why This Role Is Important To Arcadia


The Director, Business Development will be a key member of the leadership team, responsible for driving business growth through strategic development initiatives, including the management and optimization of the Business Development Representative (BDR) team. This individual will lead top-down business development strategies across our addressable markets, establish and grow key relationships, and work closely with marketing, product, and sales teams to drive our growth strategy.


What Success Looks Like

In 3 months

- Build strong relationships with the BDR team, understanding individual strengths and areas for growth

- Conduct a comprehensive review of current business development strategies and processes

- Align with marketing, sales, and product teams to understand priorities and establish initial collaboration frameworks

- Present an initial assessment of the BDR team’s performance and potential improvement opportunities to the SVP, Growth

- Set clear expectations and KPIs for the BDR team

- Hire and onboard new Business Development Representatives aligned to 2025 hiring plan


In 6 months

- Implement updated business development strategies tailored to key market opportunities

- Drive measurable improvement in lead generation and conversion rates through the BDR team

- Establish consistent reporting processes for key metrics, pipeline status, and progress toward revenue targets

- Foster deeper alignment between marketing and business development efforts, ensuring a cohesive go-to-market strategy

- Initiate plans for strategic partnerships and explore opportunities with key stakeholders in the healthcare IT ecosystem


In 12 months

- Demonstrate tangible revenue growth and market share expansion driven by new business development initiatives

- Establish the BDR team as a high-performing, self-sustaining unit capable of meeting or exceeding targets

- Secure at least one strategic partnership or alliance that strengthens the company’s market position

- Deliver a comprehensive report to executive leadership highlighting successes, lessons learned, and strategic recommendations for future growth

- Position the company as a recognized leader in target markets, driven by enhanced business development strategies and execution


What You'll Be Doing
  • Lead and Manage BDR Team: Oversee and mentor the Business Development Representative team, ensuring they are equipped and motivated to generate high-quality leads and meet business targets.  (PRIMARY)
  • Strategic Growth Leadership: Develop and execute top-down business development strategies that drive growth across existing and new market segments. (PRIMARY)
  • Collaboration with Marketing: Partner with the marketing team to align go-to-market strategies, campaigns, and messaging, ensuring that business development efforts are supported by integrated marketing initiatives. (PRIMARY)
  • Revenue Generation: Establish and meet growth and revenue targets, focusing on new business acquisition, expanding relationships with existing customers, and driving increased market share. (PRIMARY)
  • Partnership Development: Build and maintain strategic partnerships and alliances with other healthcare technology companies, service providers, and industry stakeholders to enhance our competitive position. (SECONDARY/MAYBE?)
  • Market Insights and Strategy: Stay abreast of industry trends, competitor strategies, and market conditions, and adjust the business development strategy to stay ahead in the evolving healthcare IT landscape. (PRIMARY)
  • Collaboration with Sales and Product Teams: Work closely with sales leadership and product management to provide market feedback, influence product roadmap, and ensure the business development strategy aligns with company goals. (SECONDARY as part of leadership team)
  • Executive Reporting: Report on key business development metrics, pipeline progress, and revenue growth to executive leadership, ensuring transparency and alignment with organizational goals. (PRIMARY)


What You'll Bring
  • Bachelor’s degree in business, healthcare administration, sales, marketing or any other relevant field
  • Experience: minimum of 3 years’ experience in business development within the healthcare IT market
  • Ability to think strategically about market opportunities, challenges and partnerships
  • Strong collaboration skills, with proven track record of working cross-functionally with marketing, sales and product teams
  • Experience in establishing and growing strategic partnerships that drive business value
  • Exceptional communication and presentation skills, with the ability to influence and engage stakeholders at all levels
  • Experience with Salesforce, SalesLoft, LinkedIn Sales Navigator and other sales productivity focused technology tools


Would Love For You To Have
  • Previous experience in management, business development, marketing and sales


What You'll Get
  • Be a part of a mission driven company that is transforming the healthcare industry by changing the way patients receive care.
  • A flexible, remote friendly company with personality and heart.
  • Employee driven programs and initiatives for personal and professional development.
  • Be a member of the Arcadian and Barkadian Community.


Average salary estimate

$135000 / YEARLY (est.)
min
max
$120000K
$150000K

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 Business Development Director, Arcadia

At Arcadia, we believe in creating happier, healthier days for everyone, and we’re looking for a Business Development Director to join our team and help drive this mission forward. In this pivotal role, you’ll be a vital part of our leadership group, where you’ll spearhead business development initiatives that could transform healthcare technology. You’ll oversee the Business Development Representative (BDR) team, ensuring they’re equipped to generate high-quality leads and that all efforts align with our marketing and sales strategies. Picture yourself establishing key relationships, conducting thorough reviews of current strategies, and setting measurable goals that define our growth journey. As you collaborate with talented colleagues across the organisation, you’ll review market insights allowing you to adjust strategies to keep us ahead of industry trends. Your success will be marked by tangible revenue growth and the establishment of strategic partnerships that elevate Arcadia’s position in the market. With a mix of experience, creativity, and strategic thinking, you’ll bring your skills to the table as you lead a team dedicated to meaningful results. Join us in shaping the future of healthcare; together, we can make a real difference. If you’re excited about a career that blends strategy, leadership, and collaboration, then consider becoming our next Business Development Director. We’re eager to welcome you to the Arcadia family, where you can thrive as we work towards a healthcare revolution!

Frequently Asked Questions (FAQs) for Business Development Director Role at Arcadia
What are the primary responsibilities of a Business Development Director at Arcadia?

As a Business Development Director at Arcadia, your primary responsibilities will include leading the Business Development Representative (BDR) team, executing high-impact business development strategies, and establishing key partnerships within the healthcare IT industry. Additionally, you’ll be responsible for achieving revenue targets and collaborating closely with marketing and sales teams to create an integrated growth strategy.

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What qualifications do I need to be considered for the Business Development Director position at Arcadia?

To qualify for the Business Development Director role at Arcadia, you should have a bachelor’s degree in business, healthcare administration, or a related field, and at least 3 years of experience in business development within the healthcare IT sector. You should possess exceptional communication skills, strategic thinking abilities, and a proven track record of successful collaboration across teams.

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How will the Business Development Director contribute to Arcadia's growth strategy?

The Business Development Director will contribute significantly to Arcadia's growth strategy by leading the BDR team and driving initiatives that foster new business acquisition and expand existing customer relationships. Your role will involve analyzing market conditions, aligning marketing efforts, and providing insights that will shape the company's approaches in a fast-evolving landscape.

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What is the expected timeline for success in the Business Development Director role at Arcadia?

The timeline for success as a Business Development Director at Arcadia typically spans over 3, 6, and 12 months. In your first three months, you will focus on building relationships, reviewing strategies, and setting expectations for the BDR team. By six months, you will implement refined strategies and foster alignment across departments. By one year, your success will be demonstrated through tangible market growth and the establishment of key strategic partnerships.

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What kind of company culture can a Business Development Director expect at Arcadia?

At Arcadia, a Business Development Director can expect to immerse themselves in a mission-driven culture that prioritizes personal and professional growth, collaboration, and innovation. We are a flexible and remote-friendly company that values the well-being of our employees and fosters a community where everyone is encouraged to contribute to transformative healthcare solutions.

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Common Interview Questions for Business Development Director
Can you describe your experience in leading business development teams?

When answering this question, highlight specific instances where you successfully led a team, emphasizing your management style, how you motivated your team members, and the results achieved under your leadership. Discuss your strategies for developing talent and fostering collaboration among team members.

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What strategies would you implement to drive growth at Arcadia?

In your response, outline innovative growth strategies that align with Arcadia’s mission, such as creating partnerships, optimizing lead generation processes, or refining sales strategies. Be specific about how you would measure the effectiveness of these strategies to ensure continued alignment with company goals.

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How would you approach building strategic partnerships in the healthcare IT space?

Explain your approach to partnership building, including research, outreach, and establishing mutual goals. Share examples of past partnerships you have developed, focusing on how they added value to your previous company and what metrics you used to assess their success.

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How do you handle challenges in the business development process?

Demonstrate your problem-solving skills by discussing how you identify challenges early on and develop strategies to overcome them. Use a specific example that showcases your critical thinking ability and perseverance in the face of adversity.

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What methods do you use to ensure alignment between business development and marketing teams?

Discuss the importance of open communication and regular collaboration sessions between teams. Cite specific tools or practices you have implemented in the past to ensure that both teams work towards common objectives, including coordinated campaigns and shared metrics.

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Can you share an experience where your leadership directly impacted revenue growth?

Provide a detailed example where your decisions and leadership led to increased revenue. Discuss the strategies you implemented, the metrics you monitored, and how your team’s efforts translated into significant growth.

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What tools and technologies do you recommend for business development?

In your answer, list the tools you’ve found most beneficial in past roles, such as Salesforce or LinkedIn Sales Navigator, and explain how they enhance the efficiency and effectiveness of business development efforts. Consider discussing your experience using data analytics for strategic decision-making.

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How do you stay current with industry trends and competitor strategies?

Explain your approach to research and continuous learning. Mention specific resources, such as industry publications, webinars, or networks that you engage with to keep your knowledge fresh and competitive.

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Describe how you would assess the performance of the BDR team.

Outline the key performance indicators (KPIs) you would use to evaluate the BDR team's performance, such as lead quality, conversion rates, and overall revenue generated. Discuss the importance of regular feedback and how you would facilitate performance reviews.

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What do you believe is the most critical skill for a Business Development Director?

Focus on your thoughts about the importance of strong communication and interpersonal skills in building relationships both internally and externally. Use examples to illustrate how these skills have played a crucial role in your past achievements.

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Arcadia is a climate technology company enabling a zero-carbon economy.

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Full-time, remote
DATE POSTED
December 27, 2024

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