Business Development Manager

Business Development
Position description
The primary goal of this position is to evaluate, analyze and develop new business opportunities for Mayo Clinic, primarily focused on opportunities directly or indirectly related to the goals and interests of the Mayo Clinic Department of Radiology, including but not limited to partnerships, joint ventures, new company spin-offs, mergers and acquisitions. In addition, the position may evaluate the commercial potential of a variety of inventions/discoveries, and then identify, develop and help source new technology commercialization opportunities, in conjunction with technology licensing managers, patent liaisons and attorneys, treasury services, and other ventures-focused staff. Additional skills and responsibilities include: 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, and monitoring product/operating unit performance. Successful candidate will maintain familiarity and work in alignment with the Mayo Clinic enterprise and Department of Radiology strategic plans, prioritized market opportunities, and competitive activity. The position works with areas throughout Mayo Clinic and the marketplace to identify new business opportunities, including the ability to connect these activities with existing Mayo Clinic operational units. To this end, successful candidate will contribute to the development of a network of industry, entrepreneurial and investor contacts to serve as a resource for business development and/or commercialization activities. This position will be expected to help organize and manage teams to achieve identified business development projects and opportunities. Must be able to help shepherd an idea from concept to launch. This position reports to Director or Senior Director of Business Development. Works directly with Business Development Department team members and leadership. Participates in direction of associate level and other support staff to perform tasks specific to projects as appropriate. Works directly or indirectly with Mayo Clinic Legal, Finance, Planning, Marketing, operating unit leaders and staff, and a variety of Mayo physicians, scientists, and research staff. Works with external companies, venture capital firms, academic medical centers/research organizations, and/or individuals as needed on a project-specific basis.
The successful candidate must possess an MBA, or an advanced degree in a relevant field (e.g., PhD, MD, JD), and a minimum 5 years' relevant work experience with specific experience in business development, finance, and/or strategy, in the health care, medical/biotechnology or financial/venture capital industries. Significant experience in the medical imaging and/or radiology industries is preferred. Previous consulting experience with a national or regional consulting firm working in these industries may be favorable. Must have the demonstrated ability to perform successfully in a business development 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, time management skills and the ability to manage several initiatives simultaneously.
Additional qualifications
Entrepreneurial/intrapreneurial qualities; must possess strong analytical skills, be resourceful, and able to work independently on assigned projects; mergers and acquisition experience; financial modeling and analytical valuation experience; Chartered Financial Analyst strongly preferred (complete or in progress).
Exemption status
Compensation Detail
Education, experience and tenure may be considered along with internal equity when job offers are extended.
Benefits eligible
Full Time
Schedule details
M-F, day shift
Weekend schedule
As needed
Site description
Mayo Clinic is located in the heart of downtown Rochester, Minnesota, a vibrant, friendly city that provides a highly livable environment for more than 34,000 Mayo staff and students. The city is consistently ranked among the best places to live in the United States because of its affordable cost of living, healthy lifestyle, excellent school systems and exceptionally high quality of life.
Administration, Business, Finance
Job posting number
Jessica Gartner
Equal opportunity employer
Mayo Clinic is an equal opportunity educator and employer (including veterans and persons with disabilities).