Purpose:
Managers perform under minimal direction to define and lead the development of strategic opportunities in their assigned pillar while effectively collaborating and partnering across our One Enterprises division. Managers translate strategy into execution, lead entire deals, investments, initiatives, or workstreams, manage cross-functional delivery, build productive relationships with stakeholders, portfolio companies, clients, and partners, and mentor analysts/sr and associates/sr. Managers apply broad commercial expertise and critical thinking across complex opportunity portfolios. Given the dynamic nature of the work at UPMC Enterprises, responsibilities of individual managers will flex across many engagements.
Please note that this position is in-office 3 days per week.
Must be legally authorized to work in the United States, without requiring, now or in the future, sponsorship for employment visa status. UPMC does not offer any type of sponsorship (H-1B, permanent residence, etc.). UPMC does not participate in STEM OPT.
Responsibilities:
- Define hypotheses, strategic priorities, market requirements, competitive positioning, and value opportunities for assigned domains.
- Lead stakeholders and subject matter experts in defining unmet needs and alignment with System strategy.
- Lead due diligence and opportunity assessment from initial sourcing through recommendation, including investment and product development analyses.
- Present investment, product, and strategic recommendations to executive leadership and address questions, risks, and trade-offs.•
- Define build-versus-buy requirements, program goals, solution value models, feature roadmap priorities, and commercial targeting strategies.
- Lead company and co-investor engagement to develop and execute strategic business plans for investment value growth.
- Lead portfolio evaluation and reporting, monitor execution against objectives, address challenges, and demonstrate measurable contribution to strategic or financial outcomes.
- Lead interdisciplinary teams across engineering, design, marketing, finance, clinical, operational, and technology functions.
- Manage, develop, mentor, and/or lead analysts/sr and/or associates/sr, including performance support, skill growth, workload allocation, and career development.
- Communicate activities, status, issues, accomplishments, and recommended actions to senior leadership and partners.
Acceleration / Commercialization: Pursue scalable business opportunities where UPMC & Enterprises can create differentiated value; build diversified value streams of offerings that grow independently of traditional UPMC services.
Acceleration / Partnerships: Accelerate access to cutting-edge healthcare technologies; drive innovation through integration and insights at scale; develop new models to expand reach and revenue capture across value chain; Create value for partners through strategic collaborations, services, and solutions; Create value for UPMC through improved access, reduced cost, and diversified revenue.
Ideation: Next generation of strategic opportunities. Capitalize trends ahead of the curve; accelerate go/no-go decisions; study evidence and recommend investment pathways; strengthen industry standard experimentation capabilities.
Implementation: Translate UPMC’s ideas, capabilities and strategic assets into scalable operating platforms and measurable enterprise impact.
Investments: Convert ideation to value pathway; create build/invest/partner paths; define and understand risk; apply courage and discipline if “no” is required.
- Bachelor's Degree in Business, Healthcare, Life Sciences,or related field required
- MBA or relevant MS, PhD, or MD preferred
- 6 years of professional experience in business development, product management, commercialization, strategy, investments, marketing, or finance required, preferably related to digital health or life sciences solutions
- An equivalent combination of education and experience will be considered in lieu of the stated requirements
- Strong understanding of healthcare, life sciences, digital health, financial modeling, investment structures, or product development/deployment processes
- Relevant scientific and/or business experience exploring problems in any or all the following areas: life sciences, diagnostics, medical devices, or digital health solutions, with depth in a relevant discipline
- Excellent analytical and organizational skills
- Executive ready communication, recommendation, and presentation skills
- Excellent financial, market, and analytical capabilities
- Ability to: conduct due diligence and opportunity assessments; anticipate risks and resolve issues proactively; balance multiple assignments with reduced oversight; influence stakeholders; navigate ambiguity and balance competing priorities; influence without formal authority; lead strategic opportunities; translate strategic direction into executable plans and outcomes; lead multiple workstreams and stakeholder relationships; influence decisions across various groups; manage performance and develop capabilities of junior staff
- Flexibility for travel as needed
Licensure, Certifications, and Clearances:
- Act 34
UPMC is an Equal Opportunity Employer/Disability/Veteran