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Sr Mgr Corporate Development

The pay range is $113,000.00 - $203,000.00

Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

Job Location: Minneapolis, MN

About us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

A role in Corporate Development means being a part of a dynamic team that works across the enterprise to deliver Target’s inorganic growth opportunities. You will build a proactive pipeline of acquisition and partnership opportunities and drive the execution of deals. You’ll also support internal partners and build relationships with external partners to expand and enhance Target’s presence. 

As the Senior Manager, Corporate Development, you will be responsible for evaluating and executing the company’s strategic acquisitions, investments, joint ventures, partnerships and divestitures that support and accelerate Target’s strategy. Specifically, you will perform valuation analyses and build financial models to support business cases in partnership with internal and external partners. You will also support a wide range of initiatives by developing industry and company overviews to identify potential external partners to further engage with. You’ll project manage initiatives that the Corporate Development team is leading and support other projects led by other internal teams.  

Core responsibilities of this job are described within this job description. Job duties may change at any time due to business needs.

About you:

  • Four-year degree, preferably in Finance, or equivalent work experience
  • 5+ years of corporate development, investment banking, private equity, and/or other transaction experience
  • Experience developing high level, detailed business cases
  • Comfort with ambiguity and is a solution-oriented, innovative and creative problem solver; a self-starter who can work independently and effectively prioritize initiatives/business needs, as both a leader or a member of a project team
  • Excellent communication skills with the ability to interpret complex information and tailor communications to a range of audience; synthesizing and clearly communicating highly complex findings to focus on the critical issues and actionable opportunities
  • Strong collaboration skills and ability to quickly establish rapport, credibility, trust and respect with peers, team members and leadership; including ability to influence team members and business partners to address complex business challenges
  • Strong decision making, project management, financial analysis and structuring skills, including discounted cash flow modeling and in-depth understanding of financial statements
  • MBA/CFP/CPA/MA preferred

This position will operate as a Hybrid/Flex for Your Day work arrangement based on Target’s needs. A Hybrid/Flex for Your Day work arrangement means the team member’s core role will need to be performed both onsite at the Target HQ MN location the role is assigned to and virtually, depending upon what your role, team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location, unless otherwise prescribed by Target. Click here if you are curious to learn more about Minnesota.

Benefits Eligibility

Please paste this url into your preferred browser to learn about benefits eligibility for this role: https://tgt.biz/BenefitsForYou_E

Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to candidate.accommodations@HRHelp.Target.com.

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Average salary estimate

$158000 / YEARLY (est.)
min
max
$113000K
$203000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Sr Mgr Corporate Development, Target

Are you ready to take your career to the next level with Target? As a Senior Manager of Corporate Development, you'll be a key player in propelling our enterprise forward through exciting inorganic growth opportunities. You’ll work closely with a dynamic team to identify and execute strategic acquisitions, partnerships, and investments that align with Target's vision of bringing joy to everyday life. Your role will involve not only evaluating and executing significant strategic moves but also building valuable relationships with both internal teams and external partners. With 5+ years of corporate development experience, you'll apply your expertise in valuation analyses and financial modeling to craft compelling business cases. Your communication skills will shine as you interpret complex data and share insights that drive decision-making. And let's not forget about the work-life balance; this position offers the flexibility of a Hybrid/Flex for Your Day work arrangement. At Target, we invest in our team members by providing comprehensive health benefits, competitive pay, and opportunities for professional growth. Join us at our headquarters in Minneapolis, MN, where you can contribute to our mission and further your career in an environment that values innovation and collaboration.

Frequently Asked Questions (FAQs) for Sr Mgr Corporate Development Role at Target
What are the key responsibilities of a Senior Manager, Corporate Development at Target?

As a Senior Manager, Corporate Development at Target, your primary responsibilities include evaluating and executing strategic acquisitions, investments, joint ventures, and partnerships that align with Target's objectives. You will also manage relationships with internal teams and external partners, conduct valuation analyses, and develop financial models to support various initiatives. Your role is pivotal in driving Target's growth through organic and inorganic opportunities.

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What qualifications are needed for the Senior Manager, Corporate Development role at Target?

To be a successful candidate for the Senior Manager, Corporate Development position at Target, you should have a four-year degree, preferably in Finance, along with over 5 years of relevant experience in corporate development, investment banking, or private equity. Strong analytical skills, excellent communication abilities, and project management skills are essential. An MBA or other relevant credentials like CPA or CFP are preferred.

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What is the work environment like for a Senior Manager, Corporate Development at Target?

The work environment for a Senior Manager, Corporate Development at Target is lively and collaborative. You will operate in a Hybrid/Flex for Your Day arrangement, allowing you to work both on-site at Target's headquarters in Minneapolis and virtually. This team-oriented approach fosters innovation while ensuring flexibility to meet personal and professional needs.

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How is compensation structured for the Senior Manager, Corporate Development at Target?

Compensation for a Senior Manager, Corporate Development at Target ranges from $113,000 to $203,000. The final pay is determined based on various factors, including your experience, educational background, and the specifics of the role itself. Target places a strong emphasis on offering competitive pay as part of their commitment to investing in their team members.

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What benefits does Target offer to Senior Managers in Corporate Development?

Target offers a comprehensive suite of benefits for Senior Managers in Corporate Development, including health benefits such as medical, vision, and dental insurance, as well as life insurance. Additional perks include a 401(k) plan, employee discounts, paid vacation, and various wellness initiatives designed to support both personal and family well-being.

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Common Interview Questions for Sr Mgr Corporate Development
Can you describe a successful acquisition you've led in your previous roles?

When answering this question, focus on your strategic approach, detailing the steps you took from identifying potential targets to executing the deal. Highlight the outcome and how it positively impacted your organization. Mention your analytical skills and ability to collaborate with various stakeholders.

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How do you prioritize multiple strategic initiatives simultaneously?

Share your structured approach to prioritization, emphasizing how you align initiatives with larger business goals. Discuss tools or methods you use to organize tasks and how you communicate with your team about shifting priorities.

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What experience do you have with financial modeling?

Detail your background in building financial models, including specific types you have created (DCF, LBO, etc.). Discuss how these models have supported business decisions or evaluations in your past roles.

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How do you handle ambiguity in complex projects?

Explain your approach to managing uncertainty by focusing on adaptability and problem-solving skills. Give examples of past scenarios where you successfully navigated ambiguity and drove result-oriented solutions.

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What metrics do you consider most important when evaluating a potential acquisition?

Discuss key metrics such as ROI, strategic fit, market growth potential, and cultural compatibility. Use a relevant example from your experience to illustrate how these metrics influenced your evaluation process.

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How do you ensure effective collaboration among cross-functional teams?

Highlight your communication skills and methods for building rapport with team members. Talk about the tools you use for project management and regular updates to keep everyone aligned towards common goals.

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Describe a situation in which you had to persuade stakeholders to support a project.

Provide an example of how you effectively communicated the value of a project to stakeholders. Focus on your strategic reasoning, the data you presented, and the outcome.

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What role do you think corporate development plays in overall business strategy?

Articulate the significance of corporate development in driving growth and aligning with business objectives. Discuss how it can enhance market competitiveness and foster innovation.

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How do you stay current with trends in the Corporate Development field?

Discuss your proactive approach to continuous learning, including reading industry publications, attending workshops, and networking. Share a recent trend you found especially impactful and how it might affect Target.

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What tools or software do you find essential for corporate development analysis?

Mention specific tools you are proficient in, such as Excel for financial modeling, databases for industry research, or CRM systems for managing relationships. Explain how these tools enhance your efficiency and effectiveness.

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To help all families discover the joy of everyday life.

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Full-time, hybrid
DATE POSTED
April 19, 2025

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