Koch Industries

Business Development Manager - Medical

Koch Industries$120K — $160K *
Lisle, IL 60532In-Person
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of business development experience in medical devices or related technical B2B fields.
  • Proven track record of developing customer value propositions and proposals.
  • Strong experience in consultative selling and commercial negotiations.
  • Ability to travel approximately 50% of the time for customer engagements and industry events.
  • Bachelor's degree in engineering, business, marketing, or a related field.

Responsibilities

  • Develop and execute strategies to drive Molex optical connectivity solutions in the medical sector.
  • Build and maintain relationships with medical-device manufacturers to identify new business opportunities.
  • Lead customer engagements through solution presentations and negotiations.
  • Collaborate with internal sales teams to convert opportunities into revenue.
  • Translate market insights into actionable product and engineering inputs.
  • Work with marketing to define target profiles and enhance market presence.
  • Monitor industry trends to refine business growth strategies.

Benefits

  • Comprehensive medical, dental, and vision insurance.
  • Flexible spending and health savings accounts.
  • Life insurance and disability coverage.
  • Retirement plan with employer contributions.
  • Paid vacation and time off policies.
  • Educational assistance and professional development support.
  • Parental leave and adoption assistance programs.
Full Job Description
Your Job

Molex is seeking a Business Development Manager to expand the adoption of our optical connectivity solutions across the medical market. You will develop strategic customer relationships, uncover new applications, and connect customer needs with our global sales, product management, and engineering capabilities.

In this role, you will help convert market insight and customer challenges into profitable growth opportunities. You will work directly with medical-device customers and the Molex sales organization to advance opportunities from early engagement through solution design, commercial negotiation, and revenue generation.

Location: This role may be based remotely within an approved U.S. location, with a preference for candidates located in the Midwest. Travel of approximately 50%, including periodic visits to Lisle, Illinois, global design centers, manufacturing facilities, industry events, and customer locations, is expected.

What You Will Do
• Develop and execute business-development strategies that expand Molex optical connectivity solutions within the medical market
• Build relationships with medical-device manufacturers and other strategic customers to identify unmet needs, new applications, and revenue opportunities
• Lead consultative customer engagements, including solution presentations, value propositions, proposals, proof-of-concept activities, and commercial negotiations
• Partner with Molex sales teams to advance target accounts, support design-in activity, and convert qualified opportunities into profitable revenue
• Translate customer and market insights into actionable input for Product Management and Engineering, including future product and application needs
• Collaborate with Marketing to define target customer profiles and support campaigns, industry events, conferences, and other market-development activities
• Monitor market, technology, and competitive developments to refine account priorities and growth strategies

Who You Are (Basic Qualifications)
• Experience developing new business or strategic accounts in medical devices, optical connectivity, photonics, electronic components, or another technical business-to-business market
• Experience presenting technical or commercial solutions to customers and business leaders
• Experience developing customer value propositions, proposals, or business cases
• Experience with pricing, commercial negotiations, or contract discussions
• Willing and able to travel approximately 50%
• Bachelor's degree in engineering, business, marketing, or related field

What Will Put You Ahead
• Experience selling optical connectors, fiber-optic assemblies, or related solutions into medical-device applications
• Experience working with product management, engineering, and global sales teams
• Experience developing new markets, applications, or strategic accounts
• Product management experience in fiber-optic interconnects or adjacent connectivity technologies

For this role, we anticipate paying $120,000-$160,000 per year. This role is eligible for variable pay, issued as a monetary bonus or in another form.

Hiring Philosophy

All Koch companies value diversity of thought, perspectives, aptitudes, experiences, and backgrounds. We are Military Ready and Second Chance employers. Learn more about our hiring philosophy here.

Our Benefits

Our goal is for each employee, and their families, to live fulfilling and healthy lives. We provide essential resources and support to build and maintain physical, financial, and emotional strength - focusing on overall wellbeing so you can focus on what matters most. Our benefits plan includes - medical, dental, vision, flexible spending and health savings accounts, life insurance, ADD, disability, retirement, paid vacation/time off, educational assistance, and may also include infertility assistance, paid parental leave and adoption assistance. Specific eligibility criteria is set by the applicable Summary Plan Description, policy or guideline and benefits may vary by geographic region. If you have questions on what benefits apply to you, please speak to your recruiter.

Additionally, everyone has individual work and personal needs. We seek to enable the best work environment that helps you and the business work together to produce superior results.

About Koch Industries

Koch Industries, Inc. is an American privately-held multinational conglomerate corporation based in Wichita, Kansas. Its subsidiaries are involved in the manufacturing, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical technology equipment, ranching, finance, commodities trading, and investing. Koch owns Infor, Invista, Georgia-Pacific, Molex, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals, Matador Cattle Company, i360, and Guardian Industries. The firm employs 120,000 people in 60 countries, with about half of its business in the United States. The company is the largest non-Canadian landowner in the Athabasca oil sands. With annual revenues of $110 billion by 2014, the company is the largest privately held company in the United States. In 2007, it was ranked as the largest privately held company. If Koch Industries had been a public company in 2013, it would have ranked 17th in the Fortune 500. The company was founded by its namesake, Fred C. Koch, in 1940 after he developed an innovative crude oil refining process. Fred C. Koch died in 1967 and his majority interest in the company was split amongst his four sons. In June 1983, after a bitter legal and boardroom battle, the stakes of Frederick R. Koch and William "Bill" Koch were bought out for $1.1 billion and Charles Koch and David Koch became majority owners in the company. Charles owns 42% of the company; trusts for the benefit of Elaine Tettemer Marshall and Elaine's children, Preston Marshall and E. Pierce Marshall Jr., own 16% of the company. The heirs of David Koch, who died on August 23, 2019, own the balance, 42%, of the corporation.
Learn more about Koch Industries
Industry
Founded
1940

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