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Jobs in Singapore   »   Jobs in Singapore   »   Sales / Marketing Job   »   Market Development Executive
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Market Development Executive

Murata Electronics Singapore (pte) Ltd

Murata Electronics Singapore (pte) Ltd company logo

JOB DESCRIPTION

Department : Sales (5111) – Mass Market (Market Development)

Report to : Department Manager

Functional Relationships :

Customers, sales customer support, factory, logistics, product marketing, sales strategic planning, etc


POSITION PROFILE:

The Sales Executive - Market Development in Singapore is responsible for identifying and developing new business opportunities to drive company growth in the assigned markets. This self-starting role involves researching potential markets, developing strategies to enter new markets, building and maintaining relationships with potential clients, and achieving sales targets.


Key Duties & Responsibilities:


*Marketing Research and Analysis*

  • Conduct thorough market research to identify potential markets and customer needs in assigned areas/market segments.
  • Analyse market trends, competitor activities, and customer feedback to develop market entry strategies.
  • Prepare detailed reports and presentations on market opportunities and recommendations.

*Business Development*

  • Conduct annual sales target settings and meet targets set by management.
  • Identify and target new business opportunities in Healthcare/Environment segments.
  • Develop and execute strategic sales plans to achieve sales targets based on assigned customer accounts/new prospect accounts.
  • Expand the customer base with the internal Product Team to conduct sales promotion activities for prospective and existing customers.

*Client Relationship Management*

  • Responsible to manage a group of customers, works closely with internal stakeholders to provide support and perform sales activities.
  • Build and maintain strong, long-lasting relationships with clients. Understand their needs, provide tailored solutions, and ensure high customer satisfaction.
  • Conduct Business Meetings/negotiation and Customer Visitations
  • Handling complaints and executing the follow-up needed for complaints received from customers.

*Collaboration and Coordination*

  • Collaborate with internal teams such as marketing, product development, and customer service to align efforts and achieve business goals.
  • Participate in team meetings, provide market insights, and contribute to strategic planning.

*Product Demonstrations*

  • Conduct product demonstrations and presentations to showcase our products' features and benefits and highlight how our solutions can meet potential clients' specific needs.

*Sales Negotiation*

  • Negotiate contracts, pricing, and terms with clients to secure sales agreements.
  • Attain sales targets, analyze demand, negotiate prices, manage RFQs and pricing, and prepare quarterly business activity reports and opportunity applications.
  • Ensure that all sales activities comply with company policies and legal requirements.

*Reporting*

  • Maintain accurate and up-to-date records of sales activities, customers & prospects pipeline status.
  • Prepare regular sales reports for management review.


Qualification / Ability Required:

  • Bachelor’s degree in Business, Marketing, and Engineering field.
  • Advanced degrees or additional certifications in sales or business administration are a plus.
  • Minimum 2-5 years of experience in B2B experience in sales, business/market development role.
  • Strong understanding of market research and analysis techniques.
  • Excellent verbal and written communication skills. Ability to effectively present information and respond to questions from clients and colleagues.
  • Strong interpersonal skills with the ability to build and maintain relationships. A customer-focused mindset with a passion for providing exceptional service.
  • Ability to identify client needs, propose effective solutions, and resolve issues in a timely manner.
  • Highly self-motivated with a proactive approach to sales. Ability to work independently and as part of a team.
  • Able to travel as required to meet with clients and host industry events
  • Proficient in Microsoft Excel, PowerPoint, Word.


Competencies Required:

  • Strategic Thinking
  • Market Awareness
  • Customer Focus
  • Results Orientation
  • Relationship Building
  • Adaptability
  • Problem Solving

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