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J190637

Director Corporate Development

Highmark Health

  • Company Hignmark Health
  • Pittsburgh, PA
  • Strategic Planning/Corp Development
  • Full time

Company :

Highmark Health

Job Description : 

JOB SUMMARY

HM Ventures is the corporate venture capital investment arm of Highmark Health and its subsidiaries. Since 2010, we have invested in companies that advance Highmark Health’s enterprise strategy to create a remarkable health experience and free people to be their best, while generating above-market financial returns.

This job leads the evaluation and execution of corporate development activities, including mergers, acquisitions, divestitures, joint ventures and strategic investments.  Responsibilities include deal-sourcing, due diligence, negotiations, structuring, and portfolio management. Works closely with management across the enterprise, understanding business strategies, objectives, and organizational context to make informed investment decisions. Actively leverages internal resources and industry contacts (i.e., venture capitalists, bankers, entrepreneurs) to identify and evaluate investments.  


ESSENTIAL RESPONSIBILITIES

  • Perform management responsibilities including, but not limited to: involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity.  Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority.
  • Lead the overall activities associated with evaluating and executing mergers, acquisitions, divestitures, joint ventures and strategic investment opportunities; evaluate, plan and execute transactions, develop optimal structure, negotiate terms, coordinate and lead due diligence process, and post-closing integration planning and implementation.
  • Lead business case development on strategic opportunities; develop business cases on potential transactions, evaluate strategic fit, financial returns and risks, and present business cases and recommendations to leadership and Board of Directors.
  • Assist with the identification and assessment of growth and expansion initiatives; develop enterprise and business unit-specific M&A strategies, assist with the identification of growth and expansion initiatives in accordance with Highmark’s enterprise strategy, monitor industry trends, attend relevant conferences and maintain external relationships, work closely with business unit leadership to understand strategic imperatives, and maintain deal pipeline report for senior management.
  • Performance Monitoring; oversee tracking of acquisition/investment performance and returns and prepare periodic updates to senior management on acquisition/investment performance.
  • Other duties as assigned.

EDUCATION

Required

  • Bachelor's Degree in Business Administration/Management

Substitutions

  • None

Preferred

  • Master's Degree in Business Administration/Management

EXPERIENCE

Required

  • 10 years of experience in M&A, venture capital, private equity, investment banking, strategy consulting or financial management, with a minimum or 5 years of direct experience executing M&A transactions or venture capital investments.
  • 3 years in a management or leadership role

Preferred

  • 5 years in a management or leadership role

LICENSES AND CERTIFICATIONS

Required

  • None

Preferred

  • None

SKILLS

  • Analytical Skills
  • Leadership
  • Strategic Thinking
  • Financial Forecasting and Modeling
  • Communication Skills

Language (Other than English)

None 

Travel Required

0%  - 25%

PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS

Position Type

Office-Based

Teaches / trains others regularly 

Travel regularly from the office to various work sites or from site-to-site 

Works primarily out-of-the office selling products/services (sales employees) 

Physical work site required  

Lifting: up to 10 pounds 

Lifting: 10 to 25 pounds 

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement: This position adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements. 

Referral Level Payout 3

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, age, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, age, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability. 

EEO is The Law

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled/Sexual Orientation/Gender Identity ( https://www.eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf )

We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact number below.

For accommodation requests, please contact HR Services Online at HRServices@highmarkhealth.org

California Consumer Privacy Act Employees, Contractors, and Applicants Notice


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