Director, Business Development

$145K — $175K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; MBA or advanced degree preferred.
  • 5+ years of experience in medical device industry focusing on business development or corporate strategy.
  • Strong quantitative and qualitative analytical skills, including financial statement analysis.
  • Proven interpersonal skills for collaboration across different organizational levels.
  • Excellent written and verbal communication skills for diverse audience interactions.

Responsibilities

  • Source, evaluate, negotiate, and execute acquisitions independently or with the President.
  • Build financial models to assess acquisition attractiveness and strategic transactions.
  • Conduct clinical and business due diligence, including observing surgical procedures.
  • Manage cross-functional diligence teams effectively.
  • Structure and negotiate term sheets and agreements, overseeing closing processes.
  • Assess product markets to inform business development strategies through trend analysis.
  • Develop and provide regular acquisition pipeline update reports to internal stakeholders.

Benefits

  • Visible leadership role with direct access to President and C-level executives.
  • Opportunity to work on significant strategic transactions in a growing company.
  • Engagement with clinicians and experts in the medical field during due diligence processes.
  • Potential for career growth in a company with a solid acquisition track record.
  • Access to robust financial resources with a strong operating margin.
Full Job Description
Overview

Growing NASDAQ medical device company seeks a Director, Business Development to identify and execute acquisitions and other strategic transactions.  The company has completed 25 acquisitions in the past 28 years and is poised for future acquisitions with a 28% operating margin and over $350 million dollars of gross cash.  This highly visible position reports to the President, involves internal C-level interface, as well as interactions with target company management, clinicians and investment bankers. Strong analytical and interpersonal skills are required.

Responsibilities
  • Sourcing, evaluating, negotiating and executing acquisitions and other strategic transactions independently and in collaboration with President.  Other strategic transactions include but are not limited to divestitures, distribution relationships and distributor terminations.
  • Building financial models to evaluate attractiveness of acquisitions and other strategic transactions. 
  • Conducting clinical and business due diligence, including observing surgical procedures and interventions.
  • Managing cross-functional diligence teams.
  • Structuring and negotiating term sheets and definitive agreements, as well as managing tactical aspects of closing.
  • Assisting in the assessment of product markets to inform the company portfolio and business development strategies by analyzing clinical, competitive, economic and regulatory developments/trends.
  • Developing and providing acquisition pipeline update reports to internal constituents.

Pay range $145,000-$175,000 per year plus bonus and equity. The range provided is based on what we believe is a reasonable estimate for the base pay range for this job at the time of posting. The actual base salary pay will be based on a number of factors such as education, qualifications, certifications, experience, and other job-related factors permitted by law.

Qualifications
  • Bachelor’s degree required. MBA or advanced degree preferred.
  • A minimum of 5 years’ experience in the medical device industry, including business development, corporate strategy or upstream marketing.
  • Strong quantitative and qualitative analytic skills, including the ability to analyze financial statements and develop financial models.
  • Strong interpersonal skills and ability to collaborate with personnel across all levels of the organization.
  • Excellent, demonstrated written and verbal communication skills, particularly for corporate presentations and for investor, physician and industry expert interactions.

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