Staff VP Corporate Development M&A

Elevance Health • Indianapolis, IN

2d • Hybrid

About The Position

The Staff Vice President, Corporate Development Mergers & Acquisitions is a senior enterprise leader responsible for identifying, evaluating, and executing inorganic growth opportunities that drive long-term enterprise value. This role leads mergers, acquisitions, divestitures, and strategic partnerships across priority growth areas, while serving as a trusted advisor to executive leadership and business unit heads. The leader will partner closely with Finance, Strategy, Legal, Operations, and business leaders to ensure transactions are strategically aligned, rigorously evaluated, and successfully integrated to deliver sustained financial and operational outcomes. Beyond deal execution, this role plays a critical part in strengthening enterprise connectivity, advancing post-close value realization, and continuously improving M&A capabilities through process innovation and technology enablement

Requirements

• Requires an MBA and a minimum of 10 years of M&A experience, investment banking experience; or any combination of education and experience, which would provide an equivalent background.
• Proven track record leading complex, high-value M&A transactions from strategy through integration.

Nice To Haves

• Healthcare Industry M&A experience
• Experience operating in large, highly matrixed organizations; healthcare, insurance, or regulated industry experience strongly preferred.
• Demonstrated ability to partner with senior executives and influence across functions.
• Strong financial acumen, strategic judgment, and executive communication skills.
• Experience building and leading high-performing teams.
• Experience working for a investment banking and/or private equity Mergers & Acquisitions

Responsibilities

• Enterprise Growth & Strategy Identify, define, and advance inorganic growth opportunities aligned to enterprise strategy and long-term growth priorities.
• Partner with business unit leaders to shape strategic growth plans, identify white-space opportunities, and source transactions across priority verticals.
• Evaluate potential mergers, acquisitions, divestitures, and partnerships, including strategic rationale, financial impact, risk profile, and value creation potential.
• Serve as a thought partner to executive leadership on capital allocation, portfolio strategy, and growth trade-offs.
• Mergers, Acquisitions & Divestitures Lead end-to-end M&A execution, including target identification, diligence, valuation, deal structuring, negotiation, and closing.
• Act as a senior contributor in negotiations, working closely with internal and external stakeholders to achieve favorable outcomes.
• Develop and oversee financial models, including deal models and scenario analyses, to support investment decisions.
• Present transaction recommendations, progress updates, and post-close performance to executive committees, including M&A and Finance Committees.
• Post-Transaction Value Realization Remain actively engaged post-close to support integration, value realization, and performance tracking.
• Partner with business leaders to build bottoms-up operating models and bridge post-close performance back to original deal assumptions.
• Proactively track, assess, and communicate performance of acquired businesses, highlighting risks, opportunities, and key insights.
• Maintain connectivity across internal stakeholders who contributed to deal diligence and assumptions, ensuring continuity from transaction to execution.
• Enterprise Collaboration & Relationship Management Build and maintain strong, trusted relationships with business unit leaders and key enterprise partners.
• Expand connectivity with subject matter experts across Finance, Operations, Technology, Legal, HR, and other enabling functions.
• Serve as a central connector between the M&A function and the broader enterprise, fostering transparency, alignment, and shared accountability for outcomes.
• Process Excellence & Innovation Continuously improve M&A processes, governance, and reporting to increase speed, rigor, and scalability.
• Streamline internal workflows to reduce manual effort and unnecessary complexity.
• Leverage data, analytics, and emerging AI tools to enhance diligence, modeling, reporting, and decision-making.
• Reduce or eliminate low-value internal and external meetings while improving clarity, outcomes, and executive readiness.
• People Leadership & Capability Building Lead, develop, and empower a high-performing corporate development team.
• Set clear expectations, coach and mentor leaders, and build strong succession and bench strength.
• Allocate resources effectively to support both transaction execution and post-close integration needs.
• Foster a collaborative, inclusive, and results-oriented team culture.

Benefits

• In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements).
• We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees