Director, Global Health Innovation Fund

Job DescriptionAs an integral member of our Company's Global Health Innovation Fund team, the Director is an entrepreneurial individual who will be expected to perform all aspects of investing in digital health and enabling technologies startups for a corporate venture capital fund. This includes deal sourcing, vetting, diligence, financial modeling, investing, as well as investment management and governance.The Director will report to the COO of our Company's GHI Fund and will be expected to lead investment activities across the GHI Fund management team,and will be responsible for identifying, evaluating, transacting, and managing venture investments.Responsibilities will include but may not be limited to:• Lead Diligence for Investment Opportunities - Maintain awareness of startup companies in areas of interest, lead diligence of potential startups to identify potential investments, develop financial model, and conduct fundamental and technical due diligence• Lead and Present Investment Cases - Work with GHI Managing Directors in developing a business case, along with financial modeling, and present to the investment committee comprised of Executive Committee and EC+1 members.• Portfolio Management - Actively manage investments in portfolio companies. Take Board Director and Board Observer roles as appropriate. Work with portfolio company management teams, boards and investors to ensure company performance.• Competitive Intelligence - Monitor competitor activity and develop business intelligence related to the portfolio, as well as to our Company.• Develop Domain Expertise - Develop deep knowledge in digital health and enabling technologies. Attend industry conferences and events to source deals and identify exit opportunities.• Maintain Knowledge of our Company Use Cases - Work closely with GHI Portfolio Development team to understand key uses cases across our Company's business to ensure alignment of new opportunities to strategy as appropriate. Develop rapport and manage processes with senior leaders and their delegates to develop and prioritize use cases.Position Qualifications:Location/Commute:• Due to the scope of the role, the position offers flexibility to work remotely, however, applicant must have the ability to come into our site in Rahway, NJ for monthly meetings and on need basis.• This position cannot be 100% remote.Education Minimum Requirement:• Bachelor's degree in related field.• Advanced degree preferred with strong preference for PhD in relevant scientific field.Required Experience and Skills:• Minimum 5 years domain expertise in healthcare investing, business development, or advisory services with a strong understanding of the healthcare venture capital ecosystem.• Minimum 8 years of work, or equivalent, experience in healthcare related fields• Strong written and verbal communication skills with excellent presentation skills and executive presence.• Strong client service approach with consultative, problem-solving skill set operating in a matrixed environment, along with a deep understanding pharmaceutical operation.• Proficiency with Microsoft Office Suite, with high proficiency in Excel and PowerPointPreferred Experience and Skills:• Strong understanding of pharmaceutical R&D processes including, but not limited to: target identification, lead generation, composition of matter, clinical development, biomarker research, regulatory submission, and safety monitoring.• Experience leading diligence processes for healthcare investments or business development for enabling technologies with demonstrated ability to orchestrate all resources including internal and external parties.• Strong knowledge of trends impacting the pharmaceutical industry with respect to enabling technologies, regulation, and reimbursement.• Experience with product/solution development in Healthcare IT / digital health / enabling technologies.• Experience with strategic planning and strong financial acumen• Strong project and relationship management skills; ability to multitask while maintaining attention to detail• Experience as a board observer or in an operating role in healthcare startups• Passion for knowledge, drive for excellence, demonstrated leadership capabilitiesNOTICE FOR INTERNAL APPLICANTSIn accordance with Managers' Policy - Job Posting and Employee Placement, all employees subject to this policy are required to have a minimum of twelve (12) months of service in current position prior to applying for open positions.If you have been offered a separation benefits package, but have not yet reached your separation date and are offered a position within the salary and geographical parameters as set forth in the Summary Plan Description (SPD) of your separation package, then you are no longer eligible for your separation benefits package. To discuss in more detail, please contact your HRBP or Talent Acquisition Advisor.Employees working in roles that the Company determines require routine collaboration with external stakeholders, such as customer-facing commercial, or research-based roles, will be expected to comply not only with Company policy but also with policies established by such external stakeholders (for example, a requirement to be vaccinated against COVID-19 in order to access a facility or meet with stakeholders). Please understand that, as permitted by applicable law, if you have not been vaccinated against COVID-19 and an essential function of your job is to call on external stakeholders who require vaccination to enter their premises or engage in face-to-face meetings, then your employment may pose an undue burden to business operations, in which case you may not be offered employment, or your employment could be terminated. Please also note that, where permitted by applicable law, the Company reserves the right to require COVID-19 vaccinations for positions, such as in Global Employee Health, where the Company determines in its discretion that the nature of the role presents an increased risk of disease transmission.Current Employees apply HERECurrent Contingent Workers apply HEREUS and Puerto Rico Residents Only:Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here if you need an accommodation during the application or hiring process.We are an Equal Opportunity Employer, committed to fostering an inclusive and diverse workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status, or other applicable legally protected characteristics. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:EEOC Know Your RightsEEOC GINA SupplementPay Transparency NondiscriminationWe are proud to be a company that embraces the value of bringing diverse, talented, and committed people together. The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another's thinking and approach problems collectively.Learn more about your rights, including under California, Colorado and other US State ActsU.S. Hybrid Work ModelEffective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, generally Tuesday, Wednesday and either Monday or Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as "remote".Under New York State, Colorado State, Washington State, and California State law, the Company is required to provide a reasonable estimate of the salary range for this job. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate's relevant skills, experience, and education.Expected salary range:$181,600.00 - $285,800.00Available benefits include bonus eligibility, long term incentive if applicable, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. A summary of benefits is listed here.Search Firm Representatives Please Read CarefullyMerck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.Employee Status:RegularRelocation:DomesticVISA Sponsorship:NoTravel Requirements:50%Flexible Work Arrangements:RemoteShift:Valid Driving License:Hazardous Material(s):Job Posting End Date:08/15/2024• A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.Job Posting End Date:08/15/2024A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.Requisition ID:R305331