Position will be hybrid onsite 2-3 days/week at the Irvine, CA, or Boulder, CO, site.
Brain diseases affect 100M+ patients worldwide and only less than 10% of eligible patients with brain disease are treated. Medtronic strives to be the recognized leader of brain therapy solutions in neurovascular disease, movement disorders, and surgical technologies that enable the treatment of brain disease. The Neurovascular business focuses on the treatment of stroke, brain aneurysms, and other neurovascular disorders.
The Business Development & Strategy Program Manager will be an integral member of the Neurovascular Business Development (BD), Strategy, and Integration team. This individual will lead and execute BD initiatives related to new technology assessments, and inorganic acquisitions and partnerships for the Neurovascular Operating Unit, one of the fastest growing businesses within Medtronic. Responsibilities include market landscaping, financial/valuation modeling, and collaborating with key functions across the business (e.g. R&D, Marketing, Quality, Clinical, Regulatory, Operations, Strategy, and Corporate Development), to prepare business cases for leadership assessment on new BD opportunities and ensure successful integration for Medtronic to realize the expected benefits.
We seek out and hire a diverse workforce at every level: We need fresh ideas and inclusive insights to continue to be an innovative industry leader — that’s why we make it a point to seek out, attract and develop employees who are patient-centric, passionate, and who represent the same wide variety of life experiences as our patients.
We believe that when people from different cultures, genders, and points of view come together, innovation is the result — and everyone wins. Medtronic walks the walk, creating an inclusive culture where you can thrive.
A Day In the Life
Responsibilities may include the following and other duties may be assigned:
• Evaluates new and emerging technologies to identify potential acquisition, licensing and/or distribution opportunities and make recommendations to management
• Collaborates with the internal cross-functional team and/or external customers (physicians) to confirm technology assessment
• Creates financial deal models and presentations that support Neurovascular leadership and executive-level decision making
• Supports development of business case and deal strategy informed by cross-functional requirements such as clinical evidence, regulatory pathway, regional and/or country specific market conditions
• Assembles and manages due diligence teams and report-outs
• Participates in negotiation and execution of deals, including development of definitive agreements
• Establishes routine monitoring to stay abreast of business development opportunities
• Lead high-profile, strategic integrations for the global Neurovascular business to achieve deal model proforma and program objectives
• Partner with external entity/ acquisition target and internal Medtronic resources to lead integration work streams
• Develop and maintain tracking mechanisms to ensure program-level view of integration workstreams, inclusive of timelines, budgetary performance and risk mitigation plans
• Other responsibilities may include special projects related to key strategic initiatives
Must Have: Minimum Requirements
• Bachelor's degree with 7+ years of experience in business development, investment banking, management consulting, program management, marketing, finance, and/or strategy (5+ years of experience with advanced degree)
Nice to Have
• Experience in medical device and/or healthcare industry
• Experience in financial and valuation modeling and supporting mergers and acquisitions, distribution, or other external partnership transactions
• Results-driven with experience operating in a high performance, fast-paced environment with the ability to deliver high quality, accurate output – often on compressed timelines
• Strong business acumen, analytical, and critical thinking skills with high attention to detail
• Highly collaborative with excellent verbal and written communications skills
• Ability to deal with ambiguity and to communicate complex concepts simply to senior leadership
• Project management skills and experience with strong aptitude for managing multiple projects and cross-functional teams in a matrixed organization
• Understanding of the medical device product development and regulatory approval processes
• Strong hands-on proficiency with Microsoft Excel and PowerPoint
Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.
We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future.
Physical Job Requirements
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America)
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