Senior Manager, Business Development - Vascular Therapies

Additional Location(s): US-MN-Maple Grove; US-MN-Arden Hills

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High Performance

At Boston Scientific, we’ll give you the opportunity to harness all that’s within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we’ll help you in advancing your skills and career. Here, you’ll be supported in progressing – whatever your ambitions.       

About the Role:

Reporting to the Senior Director of Business Development for the Interventional Oncology & Embolization (IO&E) and Vascular Therapies (VT) businesses, the Senior Manager of VT Business Development will identify and execute acquisitions, investments, distribution deals, partnerships, and other strategic transactions.  The role will include significant exposure to all aspects of VT's mergers and acquisitions activities and the division’s venture capital portfolio, including the management of existing portfolio companies and strategic prioritization of new potential investments and acquisition targets.  This individual will work with divisional leadership and divisional/corporate functions to characterize new market opportunities, identify and assess target companies, disposition inbound opportunities, conduct due diligence, evaluate potential deal structures and terms, and develop actionable recommendations for the VT division. 

Work Mode:

At Boston Scientific, we value collaboration and synergy. This role follows a hybrid work model requiring employees to be in our BSC offices at least three days per week.  This role will be located in Maple Grove, MN.

Relocation Assistance:

Relocation assistance may be available

Visa Sponsorship:

Boston Scientific will not offer sponsorship or take over sponsorship of an employment visa for this position at this time

Key responsibilities:

• Lead assessments of new markets / adjacencies for VT.  Manage cross-functional teams consisting of representatives from Marketing, Research, R&D, Clinical, Regulatory, and/or other functions as appropriate.  Provide comprehensive report-outs of these projects with clear conclusions and definitive recommendations for next steps.
• Develop and maintain complex market models and deal models for potential partnership / investment / acquisition opportunities (internal and/or external).  If formal diligence initiated, work closely with divisional finance team to build valuation scenarios by providing business guidance and coordinating cross-functional inputs into model.
• Engage and coordinate interactions with external companies along with internal subject matter experts and leadership.  Provide detailed meeting reports to key parties (including key insights, next steps, etc.) and coordinate next steps internally as appropriate.
• Lead due diligence processes for the business.  Coordinate cross-functional teams from throughout company to perform detailed diligence work and report back with comprehensive findings, next steps, and clear recommendations on how to proceed.
• Develop and present "pitch decks" for division and corporate leadership to justify moving forward with potential partnership / investment / acquisition opportunities.
• Drives continuous improvement through projects to enhance business development process, financial models, and other analyses conducted by the Business Development team.
• In all actions, demonstrates a primary commitment to patient safety and product quality by maintaining compliance to the Quality Policy and all other documented quality processes and procedures.
• Other duties and responsibilities as assigned by management.

Required Qualifications

• BS or BA degree in applicable field including coursework in Finance, Marketing, and Strategy.  MBA preferred.
• 8+ years of related experience with significant time spent in Finance, Marketing, Strategy, and/or Investment Banking in the healthcare domain (medical device experience preferred).
• Demonstrated competency in leading cross-functional projects (direct line management and/or project management).
• Demonstrated experience conducting assessments of sophisticated markets.
• Demonstrated experience with complex financial modeling, including market, revenue, and investment models.  Strong Microsoft Excel skills required.
• Demonstrated ability to synthesize complex information / ideas / strategies into a cohesive and succinct business plan. 
• Demonstrated ability to create compelling and engaging presentations.
• Excellent communication skills (verbal and written).
• Ability to positively represent BSC with external parties (companies, bankers, VCs, etc.).
• Excellent strategic thinking skills.

Requisition ID: 631935

Minimum Salary: $137700 

Maximum Salary: $261600 

The anticipated compensation listed above and the value of core and optional employee benefits offered by Boston Scientific (BSC) – see www.bscbenefitsconnect.com—will vary based on actual location of the position and other pertinent factors considered in determining actual compensation for the role. Compensation will be commensurate with demonstrable level of experience and training, pertinent education including licensure and certifications, among other relevant business or organizational needs. At BSC, it is not typical for an individual to be hired near the bottom or top of the anticipated salary range listed above.

Compensation for non-exempt (hourly), non-sales roles may also include variable compensation from time to time (e.g., any overtime and shift differential) and annual bonus target (subject to plan eligibility and other requirements).

Compensation for exempt, non-sales roles may also include variable compensation, i.e., annual bonus target and long-term incentives (subject to plan eligibility and other requirements).

For MA positions: It is unlawful to require or administer a lie detector test for employment. Violators are subject to criminal penalties and civil liability.

Boston Scientific transforms lives through innovative medical technologies that improve the health of patients around the world. As a global medical technology leader for more than 45 years, we advance science for life by providing a broad range of high-performance solutions that address unmet patient needs and reduce the cost of healthcare. Our portfolio of devices and therapies helps physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological, neurological and urological diseases and conditions. Learn more at www.bostonscientific.com and follow us on LinkedIn.

Boston Scientific Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, gender expression, veteran status, age, mental or physical disability, genetic information or any other protected class.

Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status.  Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment.  Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements.   As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company’s policies or protocols change with regard to COVID-19 vaccination.