Business Development Manager
Seoul, Seoul , KR, 04417
Transport is at the core of modern society. Imagine using your expertise to shape sustainable transport and infrastructure solutions for the future. If you seek to make a difference on a global scale, working with next-gen technologies and the sharpest collaborative teams, then we could be a perfect match.
Business Development Manager, VFS Korea
Reporting to : Head of Sales & Marketing, Volvo Financial Services Korea
Department : Sales & Marketing
Grade : Manager
Location : Seoul, Korea
Purpose of the job
The business development manager is responsible for driving sustainable business growth and profitability across new and used vehicle and equipment segments by identifying new market opportunities, expanding customer reach, developing strategic partnerships, and increasing the penetration of financial products and services. Lead business development initiatives aligned with corporate objectives to strengthen market position, enhance customer value, and deliver long-term business performance.
Key responsibilities
- Execute the sales and marketing strategies for the sister Business Areas in alignment with the overall VFS commercial focus and strategic objectives
- Drive sustainable business growth and increase product penetration across new and used vehicle and equipment segments.
- Identify and pursue new market opportunities, customer segments, and strategic partnerships, and develop and execute business development strategies aligned with company objectives.
- Develop and implement growth initiatives to expand market coverage, increase customer acquisition, and generate new business opportunities.
- Develop competitive financing solutions and support the launch of new financial products, business models, and commercial programs in collaboration with Credit, Risk, Operations, and Sales teams.
- Maximize business growth with a strong focus on profitability, fee income, and portfolio quality, while promoting a high level of credit and risk awareness.
- Conduct market research, competitive analysis, and customer intelligence to identify emerging opportunities and business trends.
- Plan and execute marketing activities and campaigns to increase market awareness, generate leads, and support business growth.
- Support strategic initiatives, transformation projects, and process improvement activities to enhance business effectiveness and customer experience.
- Prepare business cases, sales forecasts, and management reports to support decision-making and strategic planning.
Education & Professional experience
- University degree required preferably in Business Administration, Finance or Marketing.
- Minimum 10 years of professional experience with a proven track record in business development, product development, sales management, marekting, or strategic partnerships.
- Strong experience in automotive, commercial vehicle, equipment finance, captive finance, or related industries with demonstrated success working closely with OEMs, dealer networks, distributors, and business partners.
- Experience in a multinational environment and exposure to new and used vehicle/equipment businesses is preferred.
Competencies & skills
- Strong understanding of financial products and services, including financing solutions for new and used vehicles, as well as equipment financing.
- Strong business development skills, including market expansion, customer acquisition, product development, and strategic partnership management.
- Proven ability to develop and execute marketing initiatives that enhance customer engagement, support business growth, and strengthen market presence.
- Highly target-driven, self-motivated and willing to walk the extra miles
- Strong strategic planning and analytical skills as well as holistic thinking
- Exceptional interpersonal skills and ability to interact and influence at all levels both internally and externally
- Ability to think ‘outside the box’ and anticipate future business trends and customer expectations and translate them into business opportunities
- Ability to challenge and change existing processes so as to increase business efficiency and effectiveness.
- Strong cultural sensitivity to assure of success of the team in Korea
- High standard of professionalism and operate with integrity (The Volvo Way)
- Computer literate in MS Office
- Fluency in Korean and English are required
Company Introduction
Volvo Financial Services – Volvo Group’s global financial services provider
VFS is a Volvo Group business area and the global financial services provider of the Volvo Group. As part of the Volvo Group, we are the finance arm for one of the world’s leading providers of transport solutions.
VFS is Transforming Together to deliver on our clear purpose: to drive customer success as one Volvo Group.
Volvo Financial Services provides a full range of financial services for the truck, construction equipment, bus, and marine industries. The primary brands that Volvo Financial Services supports are Volvo Trucks, Volvo Construction Equipment, Volvo Buses, Mack Trucks, Renault Trucks, UD Trucks, SDLG and Eicher.
Volvo Financial Services was formed in 2001 and is headquartered in Gothenburg, Sweden. The company manages a gross credit portfolio of over SEK 284 billion, employs over 1,680 people worldwide, and provides customer financing in over 43 countries. VFS is organized into six regions close to market. We have operations in 43 markets, and financing capabilities in markets representing almost 90% of Volvo Group sales.
Our respectful and supportive culture makes us an employer of choice for our industry and the first finance choice for the Volvo Group’s customers and dealers. While we are a global organization, we also leverage local expertise for execution. We are committed to developing and maintaining long-term relationships throughout business cycles.
We value your data privacy and therefore do not accept applications via mail.
Who we are and what we believe in
We are committed to shaping the future landscape of efficient, safe, and sustainable transport solutions. Fulfilling our mission creates countless career opportunities for talents across the group’s leading brands and entities.
Applying to this job offers you the opportunity to join Volvo Group. Every day, you will be working with some of the sharpest and most creative brains in our field to be able to leave our society in better shape for the next generation. We are passionate about what we do, and we thrive on teamwork. We are almost 100,000 people united around the world by a culture of care, inclusiveness, and empowerment.
At Volvo Financial Services, we are working together to shape the world we want to live in. As the captive finance arm of the Volvo Group, VFS provides financial services and solutions that meet the needs of our customers’ evolving business. Through our dedication to innovation, we support society in its adoption of sustainable transport and equipment solutions. VFS is headquartered in Gothenburg, Sweden, and serves Volvo Group customers and dealers in more than 50 markets.
What’s in it for you?
We offer a solid and competitive package of compensation and benefits, plus you will enjoy a diverse working environment with a culture of care and inclusion. As an investment, we support your personal development and growth to achieve your career aspirations. Volvo Financial Services is an on-site business and we understand that you might need occasional or temporary flexibility, which your leader is equipped to manage and fits well to our culture, as being together enables us to build upon our innovative and collaborative culture, as well as develop you for continued success.