What are the responsibilities and job description for the Director/Sr. Director, Business Development & Strategy position at Third Rock Ventures?
Director/Sr. Director, Business Development & Strategy
As the Director/Senior Director of Business Development & Strategy, you will play a pivotal role in the company defining and executing our corporate strategy, including driving business development, new product planning, and competitive intelligence. This role requires a strong understanding of the biotech landscape, excellent analytical and communication skills, expertise in deal-making, and the ability to build and maintain relationships with key internal and external stakeholders.
This role will report to the Chief Business Officer and will be based in Cambridge, MA. This role will work closely with the CEO and the Leadership Team.
Responsibilities:
- Develop and execute the business development strategy for the company. Build relationships with potential partners, manage due diligence processes, and participate in deal structuring and negotiations.
- Partner with R&D to create compelling communications materials to convey the differentiated value proposition for our programs and platform for partnering and investor discussions.
- Work closely with the Finance team to develop financial models and conduct valuations for potential business development and strategic decisions.
- Lead new product planning activities. Conduct new market assessments and commercial forecasts, develop target product profiles, and establish the value proposition and value creation trajectory for our programs.
- Maintain up to date competitive analysis for our programs to inform decision-making and assess potential business development opportunities. Stay updated on industry trends and regulatory changes.
- Prepare and deliver presentations to executive leadership and the Board of Directors on strategic projects and business development activities, as requested.
Qualifications:
- Minimum of 8-10 years of experience in business development or related roles (e.g. management consulting, investment banking) within the biotech industry.
- Experience in a biopharma organization required.
- Bachelor’s degree required. Advanced degree preferred.
- Demonstrated experience across the business development function, including sourcing, due diligence, and negotiations (Deal sheet required).
- Highly collaborative leader, able to build consensus and drive results across all levels of the organization.
- Strong business judgement with an analytical mindset and experience in financial modeling and valuation
- Excellent written and verbal communication skills.
- Ability to navigate a fast-paced, high-growth environment.
- Willingness to travel as needed for meetings and industry events.
