Senior Manager, Business Development - Neuroscience

Medtronic•Minneapolis, MN

3d•$164,000 - $246,000

About The Position

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world. A Day in the Life Senior Managers of Business Development for the Neuroscience Portfolio support the execution of the organization’s inorganic growth strategy across multiple Neuroscience Operating Units: Cranial & Spinal Technologies, Neurovascular, Neuromodulation, ENT, and Pelvic Health. Operating as part of a pooled Business Development team, Senior Managers lead and support strategic inorganic activities including mergers, acquisitions, joint ventures, licensing, investments, distribution agreements, sales agency relationships, co-developments, and strategic partnerships. This role will drive the evaluation and execution of transactions aligned with the strategic and financial objectives of these Operating Units. Responsibilities will include opportunity screening, cross-functional team coordination, robust financial and strategic analysis, valuation, due diligence, negotiation, contracting support, and post-transaction reviews. Working closely with the Operating Unit business leaders, Neuroscience coverage leads, finance partners, functional stakeholders, and Corporate Development, this individual will help drive disciplined processes that proactively identify risks and support operating mechanisms that ensure effective inorganic execution across the portfolio. This role is fast-paced and demanding, requiring the ability to rapidly develop working knowledge across evolving medical device and neuroscience sub-segments. The ideal candidate will have experience in mergers and acquisitions and/or strategic transactions, demonstrated capability in valuation and financial analysis, and a solid understanding of healthcare market dynamics. Success in the role requires strong strategic thinking, project management skills, and the ability to influence and partner effectively with cross-functional leaders and stakeholders. A proactive mindset, sense of urgency, and strong written and verbal communication skills are essential, along with a passion for advancing healthcare through thoughtful and impactful business development initiatives. Reports to: Senior Director, Business Development & Strategy, Neuroscience Portfolio. Responsibilities may include the following and other duties may be assigned. Defines corporate objectives and long-range plans to achieve growth and financial profitability through acquisitions, disposals, mergers, joint ventures, strategic alliances and licensing agreements. Identifies, investigates, and analyzes possible acquisition, merger, and licensing opportunities and strategic partnerships. Acts as corporate representative and negotiator in initial contact with candidates for merger, acquisition, or licensing. Manages on-going licensing agreements, acquisitions, and/or alliances as the business representative for the company to extract the most value from the relationship. PROGRAM MANAGEMENT CAREER STREAM: Program Managers and Directors focus on tactical, operational activities for a major program with broad or ongoing impact. Levels within the program management career stream typically accomplish program objectives through matrixed employee teams and / or vendors who are not direct reports but for which the incumbent has direct accountability to lead. The majority of time is spent overseeing their area of responsibility, managing program/team performance, communicating project and operational developments, planning, prioritizing and / or directing the responsibilities of program team members. Goal achievement is typically accomplished through performance of program team members. DIFFERENTIATING FACTORS Autonomy: Manages one or more medium-scale, established programs with generally-defined program plans and delivery methodologies. Is accountable for overall program process, performance, and customer satisfaction. Organizational Impact: Participates in establishing program objectives, timelines, milestones, and budgets . Develops new policies and procedures that affect program management. Typically has budget accountability for one or more programs. Program decisions are generally recommended to higher level management. Innovation and Complexity: Problems and issues faced are difficult and undefined, and require detailed information gathering, analysis and investigation to understand the problem. Problems typically impact multiple workstreams, departments or specialties . Enhances programs management processes to improve program. Communication and Influence: Communicates and leads meetings with internal and external customers and vendors, conducts briefings to higher level management team. Influences across functions and businesses while balancing divergent objectives to gain cooperation of other parties on program objectives and execution plans . Leadership and Talent Management: Leads, directs and reviews the work of a team of managers, experienced professionals and/or vendors who exercise latitude and independence in their assignments. Establishes daily tasks necessary for successful program execution. Not directly responsible for hire or fire decisions and people management.

Requirements

Requires broad management knowledge to lead project teams in one department.
Typically has mastery level knowledge and skills within a specific technical or professional discipline with broad understanding of other areas within the job function.
Requires a Baccalaureate degree (or for degrees earned outside of the United States, a degree which satisfies the requirements of 8 C.F.R. § 214.2(h)( 4)(iii)(A) and minimum of 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.

Responsibilities

Defines corporate objectives and long-range plans to achieve growth and financial profitability through acquisitions, disposals, mergers, joint ventures, strategic alliances and licensing agreements.
Identifies, investigates, and analyzes possible acquisition, merger, and licensing opportunities and strategic partnerships.
Acts as corporate representative and negotiator in initial contact with candidates for merger, acquisition, or licensing.
Manages on-going licensing agreements, acquisitions, and/or alliances as the business representative for the company to extract the most value from the relationship.

Benefits

Medtronic offers a competitive Salary and flexible Benefits Package
We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
Health, Dental and vision insurance
Health Savings Account
Healthcare Flexible Spending Account
Life insurance
Long-term disability leave
Dependent daycare spending account
Tuition assistance/reimbursement
Simple Steps (global well-being program)
Incentive plans
401(k) plan plus employer contribution and match
Short-term disability
Paid time off
Paid holidays
Employee Stock Purchase Plan
Employee Assistance Program
Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)