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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
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$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, located in the heart of Washington, D.C., we are excited to announce an opening for the role of VP of Business Development! This pivotal position is perfect for someone who thrives in the dynamic landscape of government contracting and loves building relationships. Our new VP will lead a talented team responsible for driving business development specifically within the U.S. government sector. You’ll engage directly with prospective clients and build lasting relationships while guiding your team through the business development process. Your experience will be crucial in defining capture strategies, identifying key contract vehicles, and nurturing a robust pipeline of opportunities. We're looking for a strategic thinker with a hunter mentality who is self-motivated and results-driven. You should have at least 10 years of experience leading successful business development organizations in government contracting and a deep understanding of federal sales. At Sayari, we believe in a culture of collaboration and innovation, so you will play an essential role in not just driving sales but also shaping our approach to the market through strategic thought leadership at industry events. We offer an outstanding compensation package that includes a base salary of $215,000 to $230,000, plus commission and equity. We also provide comprehensive benefits, including 100% medical coverage, generous PTO, and a commitment to diversity and inclusion. If driving growth in the government sector excites you and you're ready to make a meaningful impact, Sayari is the place where your skills will shine!

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

The VP of Business Development role at Sayari involves leading a newly established team focused on driving business development within the U.S. government sector. This includes engaging clients, defining capture strategies, and managing a pipeline of opportunities. The position is vital for influencing the company's growth strategy and establishing long-term relationships.

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

Candidates for the VP of Business Development position at Sayari should have over 10 years of experience in leading business development organizations in government contracting, along with at least 7 years of field sales experience related to U.S. Government contracts. Strong interpersonal and communication skills are essential, as is a proven track record in closing business with federal agencies.

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How does Sayari support its employees in the VP of Business Development role?

Sayari provides a comprehensive support system for its employees, including a collaborative culture, continuous learning opportunities, and resources for professional development. We also offer competitive compensation, including a base salary of $215,000 to $230,000, plus benefits that include 100% medical coverage.

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What are the key responsibilities of the VP of Business Development at Sayari?

The key responsibilities include building and managing a business development team, engaging with new government clients, developing strategies to create a strong pipeline, leading proposal efforts, and coordinating across departments to drive revenue and capture strategy.

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What kind of experience is preferred for the VP of Business Development position at Sayari?

Preferred candidates for the VP of Business Development position at Sayari will have extensive experience in government contracting, including knowledge of federal government contract sales lifecycle, relationships with system integrators, and expertise in supply chain and open-source data as it relates to government missions.

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What is the work environment like for the VP of Business Development at Sayari?

The work environment at Sayari is collaborative and innovative, where high-performing teams support one another. Our D.C.-based office reflects our commitment to diversity and inclusion, creating a positive culture that encourages growth and learning in a dynamic and rapidly changing industry.

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

The VP of Business Development role at Sayari may require occasional travel to attend trade and industry events. This travel is essential for building relationships and exploring new business opportunities within the U.S. government sector.

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Common Interview Questions for VP of Business Development
Can you describe your experience in managing a business development team?

When answering this question, highlight specific examples of teams you've managed, your leadership style, and how you foster collaboration and motivation among your team members. Discuss strategies you’ve employed to meet sales targets and how you’ve successfully navigated challenges.

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What strategies would you implement to capture new opportunities in the U.S. government market?

Focus on your understanding of government procurement processes and your ability to identify key contract vehicles. Discuss specific strategies such as building strategic partnerships, leveraging existing relationships, and utilizing thorough market analysis to position Sayari favorably.

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How do you approach building relationships with high-level executives in government?

Discuss your networking techniques and any examples where you successfully established strong relationships with key decision-makers. Emphasize active listening, tailoring approach based on their needs, and maintaining ongoing follow-up to keep those relationships thriving.

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What do you consider the most important factors in closing new business deals?

Address factors such as understanding client needs, competitive pricing, and the importance of trust and credibility. Share examples where you applied these principles effectively to close significant deals in the past.

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How would you evaluate the success of your business development initiatives?

Highlight metrics such as revenue growth, the number of new clients acquired, and pipeline health. Explain how you would set measurable goals, analyze data, and adjust strategies for continuous improvement.

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What is your experience with federal government contract sales lifecycle?

Talk about your familiarity with the entire lifecycle, from identifying opportunities to proposal development and contract fulfillment. Specific examples from your past roles will help demonstrate your expertise.

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Can you discuss a challenging negotiation you have handled?

Provide a specific example detailing the context of the negotiation, the challenges faced, strategies employed to overcome them, and the successful outcome. This will showcase your negotiation skills and ability to handle pressure.

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What role does market research play in your business development process?

Explain how market research informs your strategic decisions, helps identify trends, and shapes your approach to targeting clients. Illustrate how you apply this research in practice to stay ahead of the competition.

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How do you align your team’s efforts with the overall objectives of the organization?

Discuss ways to ensure your team's goals align with company objectives—through regular communication, setting clear expectations, and integrating broader company strategies into your team’s initiatives.

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What future trends do you foresee impacting government contracting?

Share your insights on emerging trends such as digital transformation, sustainability, and changes in technology. Highlight how you plan to adapt your strategies accordingly to capitalize on these trends for Sayari.

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DATE POSTED
November 24, 2024

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