MBU Business Development Analyst
Job Description
Job title: MBU Business Development Analyst
Company: Tokamak Energy
Job description: Company Background
Oxford headquartered Tokamak Energy is widely recognised as a world-leader in high temperature superconductor (HTS) magnet, design, numerical modelling, and prototyping. This expertise was borne from our path towards commercial fusion energy in developing spherical tokamaks with high HTS magnets. We have pioneered these technologies since 2012, long before their importance was widely recognised.
We believe that our HTS developments will usher in the high temperature superconductor era which will enable fusion for all and impact many other industries. Our new dedicated commercial HTS business unit, in collaboration with key manufacturing partners, is focussed on becoming the leading supplier of HTS magnets to multiple markets. We aim to provide magnet systems for other fusion companies to accelerate that industry, as well as to address exciting new applications for HTS, including propulsion in water, air and space, renewable energy and science.
Tokamak Energy was founded in 2009 as a spin-off from the UK’s Culham Centre for Fusion Energy and currently employs a growing team of over 250 people with experts from the UK and around the world. It combines world leading scientific, engineering, industrial and commercial capabilities. The company has 70 families of patent applications and has raised $250 million, comprising $200m from private investors and $50m from the UK and US governments. Our US subsidiary, Tokamak Energy Inc, was established in 2019.
Come and be a part of a dynamic and innovative team who are striving to provide a solution to one of humanity’s greatest challenges: clean and sustainable energy for all.
Overview of the role
The Magnets Business Unit (MBU) is new structure within Tokamak Energy. We want to usher in the HTS era. We are seeking a Business Development Analyst to join our growing Business Development Team, working alongside the MBU Business Development Manager, and the Head of Business Development, you will form a key part of the team and will play a vital role in helping us to identify, analyse and prioritise new market opportunities, and monitor the rapidly changing HTS landscape, to enable the commercialisation of our HTS magnet technology.
As the team’s go-to person for generating market intelligence and insights, you will have your finger on the pulse of energy, clean-tech, and magnet technology trends, and will have a flair for gathering and analysing information, formulating and testing hypotheses, and developing and communicating recommendations.
Leveraging your compelling presentation and communication skills, you will have the opportunity to prepare and present information and insights to colleagues, senior leadership and external stakeholders, and you will help to implement your recommendations in collaboration with your fellow Business Development team members.
The magnets business unit is a newly formed team, with ambitious plans to grow fast and make a global impact. To support the growth of the business unit, the Business Development Analyst will work with the business development team to help shape our methods and processes to ensure we operate efficiently and effectively, maximising the use of our key skills.
In this role, you will:
- Monitor and communicate emerging market trends relevant to our high-temperature superconducting magnet technology and analyse their implications for the Company’s commercial strategy.
- Research and identify new business opportunities for our intellectual property – including new markets, growth areas, trends, customers, partnerships, products, and services – or new ways of reaching existing markets.
- Undertake market intelligence gathering and present original insights to the team and wider company on topics and themes relevant to the Company strategy.
- Cultivate relationships with partner organisations, industry stakeholders and external companies and maintain visibility of and access to emerging industry trends and sentiment. This may include travelling to attend conferences, participating in industry events, participating in (and organising) meetings and workshops with partners and stakeholders.
- ·Support the team to develop and present high quality business propositions by providing original insights on relevant market dynamics, competitive landscape, policy and regulatory trends, and financial and investor sentiment.
As a key member of the Business Development Team, you will also:
- Support the Business Development Manager in developing and delivering the overarching business development and commercial strategy.
- ·Support the Business Development Manager to ensure all internal approvals and supporting papers are prepared which enable progression of prospective and live opportunities.
- Work with colleagues to ensure overall delivery of the identified commercial opportunities to meet the requirements of the business.
- Work with the wider Business Development team to develop and share best practices
Requirements
- Experience in communicating complex information and ideas effectively and accurately – both verbally, through compelling presentations and in writing – in English.
- Experience developing business plans and commercial strategies for entry to new markets with novel, engineering-based technologies.
- Highly organised and a strong, pro-active communicator, with the ability to manage relationships with internal senior and external stakeholders.
- Undergraduate degree minimum (a preference for a degree in business, economics, engineering, sciences)
- 1-2 years relevant working experience in business development, research or consulting
- Solid business acumen, commercial capabilities and business judgement
- Strong numerical skills
- Flexible, curious, and able to propose innovative ideas.
- Problem solving – able to take a creative and hypothesis-driven approach in order to solve complex problems.
- Team player, open and positive in a group dynamic
- Driven, hard-working, entrepreneurial, proactive and productive
Benefits
- 25 days holiday (plus bank holidays and 3 festive days to be used between Christmas and the New Year)
- Company pension scheme
- Eligible for company share option scheme
- Company bonus scheme, discretionary, dependant on performance
- A range of financial benefits including death in service and critical illness cover
- Cycle to work scheme
No terminology in the advert or job description is intended to discriminate on the grounds of a person’s age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex, or sexual orientation. Every candidate will be assessed only in accordance with their merits, qualifications and abilities to perform the duties of the job.
Important information for candidates
Pre-employment screening
Please note that the appointment of the successful candidate will be subject to standard pre-employment screening, as applicable to the post. This will include right-to-work, proof of identity and references.
Data privacy
Please note that any personal data submitted to Tokamak Energy as part of the job application process will be processed in accordance with the GDPR and related UK data protection legislation, for more information regarding GDPR please see:
Equality of opportunity
Entry into employment with the Tokamak Energy and progression within employment will be determined only by personal merit and the application of criteria which are related to the duties of each post and the relevant salary structure. In all cases, ability to perform the job will be the primary consideration. No applicant or member of staff shall be discriminated against because of age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex, or sexual orientation.
Working arrangements
Please note this role does offer hybrid working, our model sets out a minimum 60% onsite / 40% home working split.
Part time working or job share options will be reviewed on an individual basis.
Expected salary:
Location: England – Milton, NS
