Description

UPMC Enterprises' mission is to create products and businesses that make life-changing medicine happen. To deliver on our mission, we invest our time, expertise, and capital across two broad focus areas where our insights about health care's future give us a unique advantage: Digital Solutions and Translational Sciences.

The Team
This position is within the Translational Sciences domain. The Translational Sciences team combines scientific, clinical, and investment expertise to optimize the commercialization path for products and solutions addressing diseases with high unmet medical need. In January 2020, we announced a commitment to invest $1 billion in life sciences companies across all stages and have established a portfolio of 12 companies developing cutting edge technologies ranging from gene therapies for retina disorders, to cell therapies for cancer. Our efforts include internal initiatives to support the commercialization of cutting-edge research by launching strategic, early-stage companies and accelerating the application of scientific discoveries to narrow the gap between bench and bedside. We also seek opportunities to make complimentary investments in or establish high impact, value creating partnerships with established, industry-leading companies across the U.S. and across the globe to accelerate the development of innovative therapies that improve health care and enable life changing medicine. Our team has the experience and resources to explore opportunities across therapeutics, medical devices and diagnostics and when we work with our portfolio companies and partners we provide full access to UPMC's vast clinical, scientific and commercial resources.

The Role
The Translational Sciences team is seeking an Associate to collaboratively lead efforts supporting investment diligence and execution for internal and external investment opportunities. Associates are expected to have a working knowledge of the scientific, technical, and commercial aspects of life science innovations and have experience supporting the diligence process associated with healthcare investments and venture financings for relevant products and/or companies. By applying these skills, a successful candidate will contribute to Translational Sciences investments on a daily basis.
The ideal candidate is a self-motivated, independent learner with a track record of effective stakeholder management and the ability to identify and trade-off potential risks and rewards while being solutions-driven and action-oriented. Strong project management, organizational, analytical, and communication skills are also critical for success. This role reports to a Director, Translational Sciences.

Responsibilities

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  Leads diligence efforts, in collaboration with the senior investment team, for investment opportunities from scientific, clinical, commercial, financial, and legal perspectives
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  Independently conducts project support aspects for strategic initiatives with oversight from leadership
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    Market Assessment: Complete competitive landscape analyses, analyze commercial opportunities, and help assess market potential
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    Financial Management: Budget development, monitoring, and revenue/expense forecasting
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    Business Development: Industry and company analyses, author business plans
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    Administrative Support: Maintain project planning documentation, prepare presentations, author and distribute high level project updates
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  Drafts investment memos
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  Prepares detailed valuation analyses and returns models using industry-standard methods
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  Maintains current industry knowledge and monitors trends to assist leadership in the definition and prioritization of investment focus areas
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  Builds and manages relationships with entrepreneurs, management, principal investigators, and other internal and external stakeholders
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  Develops project timelines, identifies key areas of risk, and generates and presents mitigation strategies
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  Support start-up of internally formed companies
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  Prepares and delivers presentations to the team, leadership, and key stakeholders
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  Brings forward ideas to improve execution and efficiencies
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  Fosters a collaborative team environment, including training and mentoring peers, and maintains a positive attitude
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  Performs in accordance with system-wide competencies and behaviors
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  Performs other duties as assigned

Qualifications

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  B.S. degree required
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    Advanced degrees are desirable and can be considered in lieu of work experience
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  Minimum 2-3 years of professional experience or formal training in:
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    Venture capital, management consulting, investment banking, OR
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    Life sciences business development, strategy, or finance role
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  Experience independently planning and managing projects with a demonstrated history of successful execution in project execution
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  Ability to manage upward and tailor communications based upon audience
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  Ability to adapt and be flexible in response to dynamic priorities
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  Strong written and oral communication skills
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  Strong problem solving, analytical, and critical thinking skills
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  Strong organizational skills

Consideration for Associate Analyst or Analyst level will be based on experience and hiring manager discretion

Licensure, Certifications, and Clearances:

UPMC is an Equal Opportunity Employer/Disability/Veteran