Mayo Clinic is top-ranked in more specialties than any other care provider according to U.S. News & World Report. The Associate in Business Development will support post-deal compliance activities, ensuring adherence to contractual obligations and managing compliance documentation.
Responsibilities
- The primary responsibility of this position is to directly support the mission of Mayo Clinic Business Development through post-deal compliance activities related to Business Development’s portfolio of active agreements
- The Associate will serve as an individual contributor responsible for interpreting, tracking and supporting enforcement of contractual obligations, monitoring partner performance, coordinating internal stakeholders, and ensuring adherence to financial and operational terms
- This role includes maintaining compliance documentation, supporting reporting and audit activities, identifying and escalating risks, and assisting in the resolution of compliance issues
- The Associate will be expected to work on multiple projects simultaneously, and to organize and manage work accordingly
Skills
- Bachelor's degree required, or an advanced degree preferred (e.g., PhD, MD, JD), in business, science, or related relevant field, plus one year specific experience related to the role and area of work: business development, finance/venture capital, technology transfer, venture management, i/p commercialization, licensing, patents, partnerships, business-to-business collaborations, investments, start-up companies and/or sourcing partnering opportunities in the health care, medical/biotechnology or financial/venture capital industries
- One year experience directly related to technology licensing for roles within the Commercialization Work Unit
- In lieu of a degree, a minimum of years of applicable experience equal to the number of years normally required to earn the degree will be recognized as satisfying the degree requirement, i.e. four years experience equivalency for a Bachelor's degree, two years experience equivalency for a Master's degree, two years experience equivalency for an advanced degree
- Must have the ability to perform successfully in a business development/ technology commercialization role, and to navigate required complex inter- and intra-organizational issues and relationships
- Must possess excellent verbal and written communication skills with the ability to interact with a variety of different people with diverse backgrounds
- Requires strong project management skills and time management skills and the ability to manage several initiatives simultaneously
- Must have entrepreneurial/intrapreneurial qualities
- Must possess strong analytical skills, be resourceful, and be able to work independently on assigned projects
- Business plan creation
- Due diligence
- Market research
- Marketing plan development
- Concept analysis
- Business model development
- Financial pro-forma development and analysis
- Legal/regulatory issues assessment
- Monitoring product/operating unit performance
- Technical sales
- Evaluation of medical technologies
- Negotiations
- Contract drafting
- Evaluation of scientific and commercialization potential of cutting-edge technologies
- Knowledge of science, clinical or bench research, business principles, laws and regulations that relate to the patenting and licensing of inventions
- Experience working with an organization or in a role directly related to one or more of the relevant Work Teams may be given special consideration
- Experience with an academic medical center or equivalent setting
- Mergers and acquisition experience
- Financial modeling and analytical valuation experience
- Chartered Financial Analyst certification, (complete or in progress)
- Experience with a national consulting firm in related functional areas or industries
Benefits
- Medical: Multiple plan options.
- Dental: Delta Dental or reimbursement account for flexible coverage.
- Vision: Affordable plan with national network.
- Pre-Tax Savings: HSA and FSAs for eligible expenses.
- Retirement: Competitive retirement package to secure your future.
Company Overview
MayoClinic is a nonprofit medical practice and medical research group focused on integrated health care, education, and research. It was founded in 1864, and is headquartered in Rochester, Minnesota, USA, with a workforce of 10001+ employees. Its website is https://www.mayoclinic.org.