Mayo Clinic Rochester is a renowned healthcare organization, and they are seeking an Associate for Business Development focusing on compliance activities. The role involves supporting the enforcement of contractual obligations, monitoring partner performance, and managing compliance documentation while collaborating with various stakeholders in the organization.
Responsibilities
- Directly support the mission of Mayo Clinic Business Development through post-deal compliance activities related to Business Development’s portfolio of active agreements
- 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
- Maintain compliance documentation, support reporting and audit activities, identify and escalate risks, and assist in the resolution of compliance issues
- 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
Company Overview
- Mayo Clinic Rochester is a hospital & health care company based out of 1025 Marsh St, Mankato, MN, United States. It was founded in undefined, and is headquartered in Mankato, MN, US, with a workforce of 201-500 employees. Its website is http://www.mayoclinichealthsystem.org.