Principal Corporate Development Associate

About the position

The Principal Corporate Development Associate at Medtronic plays a crucial role in the Business Development team, focusing on mergers and acquisitions, strategic alliances, joint ventures, and other corporate development projects. This position requires collaboration with various functional departments and involves market analysis, financial analysis, deal structuring, and negotiation. The Associate is responsible for executing project requirements, preparing proposals, and presenting recommendations to management while managing multiple active projects simultaneously.

Responsibilities

• Assess project requirements and identify necessary personnel and information resources for project team
• Perform market analysis for proposed transactions and transaction relationship/fit with Medtronic strategic objectives
• Perform company, market, competitor, and industry research and analysis and prepare profiles
• Identify and assess opportunities and risks of proposed transactions, including operational and integration synergies and issues
• Perform detailed financial analysis and develop valuation models for proposed transactions
• Develop and analyze transaction structures in cooperation with legal personnel
• Serve as a point of contact with third parties, lawyers, Medtronic Corporate Development leadership and Medtronic operating unit and functional resources in support of proposed transactions
• Actively participate in negotiation process in cooperation with and with direction from Medtronic Corporate Development leadership
• Present proposed transactions to appropriate decision making management groups
• Manage analysis and due diligence processes including coordination of Medtronic functional and business unit personnel
• Monitor markets, industries and organizations of potential strategic interest
• Develop broad knowledge of medical technology industry and Medtronic businesses to further develop leadership potential

Requirements

• MBA plus 5+ years of experience development of business strategies, tactics and solutions

Nice-to-haves

• Advanced financial modeling experience
• Experience managing multiple projects simultaneously
• Experience working with all levels of management
• In-depth experience creating spreadsheets, presentations and word processing software (Excel, PowerPoint, Word, etc.)
• Previous work experience in business development, investment banking, strategic planning and/or operating management
• Analytical and valuation experience
• Medical device or healthcare industry experience
• M&A and strong valuation experience
• Strong leadership skills
• Excellent oral and written communication skills
• Strong interpersonal skills with the ability to influence and lead others
• Strong organization and prioritization skills with the ability to manage several projects simultaneously
• Ability to perform under pressure and in a very dynamic environment
• A high degree of initiative and motivation
• Strong strategic thinking
• Ability to understand complex technical product information

Benefits

• Competitive Salary
• Flexible Benefits Package
• Short-term incentive called the Medtronic Incentive Plan (MIP)