Director, Ventures

Employer
AbbVie
Location
Lake County, IL, US
Posted
Aug 11, 2018
Ref
1805768
Required Education
Bachelors Degree
Position Type
Full time
AbbVie Ventures is AbbVie's strategic investment arm and is a core component of AbbVie's integrated approach to external innovation. AbbVie Ventures invests in very early stage transformational opportunities that augment our core R&D areas within oncology, autoimmune/inflammatory diseases and neurodegenerative diseases. Our team is located at AbbVie headquarters in Lake County, IL, Boston/Cambridge, and the San Francisco Bay area. Through this proactive engagement with the biotech and venture community, we are building AbbVie's reputation as a leader in the biotechnology ecosystem and supplementing our R&D pipeline. ​
  • This job reports into Senior Director, AbbVie Ventures.
  • Internal contacts include: VPs of R&D to ensure strategic alignment of efforts and investments; Investment Committee (CStO, CScO, GC and CFO) for approval of Investments; Director / VP level within Finance, Legal and IP for diligence and approval purposes
  • External contacts include: VCs; Pharma/Biotech leadership/scientific founders/entrepreneurs.
  • Needs to be able to manage high level, cross-functional teams.
  • Individual must be able to act independently with minimal daily onsite managerial supervision

Responsibilities:
  • Building the AbbVie Brand: Build awareness regarding AbbVie and AbbVie Ventures
  • Opportunity Sourcing: Identify and evaluate potential investment opportunities that are aligned with AbbVie strategy, including managing and generating relationships with potential sources of opportunities and potential co-investors.
  • Assessment: Lead the assessment and (in conjunction with Search and Evaluation) drive the evaluation process and timeline, developing timely recommendations and proposals for senior management consideration, based on thorough technical review.
  • Deal Execution: Drive the investment process, including leading the diligence team and cross-functional internal review and presenting the investment recommendation to the Investment Committee, negotiating deal documents and managing the closing process.
  • Portfolio Management: Actively manage portfolio companies by representing AbbVie on the Board and building and maintaining good working relationships with executive management, the Board and co-investors.
  • Functional Excellence Initiatives: Participate in and/or lead projects and programs designed to improve the effectiveness of the team in sourcing deals, relationship building, and portfolio management.

  • Bachelor's degree in Science, Healthcare, Finance, Business Administration, or related experience required. MBA preferred but not required
  • Advanced degree in the sciences (Biology, Chemistry) Ph.D., M.D., M.D. /Ph.D., preferred.
  • 10 years of experience, at least 4 years of post-graduate experience executing on venture investments, licensing or acquisitions, and 5 years in the pharmaceutical industry
  • Analytic / functional backbone necessary to plan and deliver critical tactics and business operations to drive business outcomes
  • Work product generally guided by Senior Director on project; capable of leading part of a whole, organized body of work
  • 2 years exposure working directly with top level corporate executives
  • Strong understanding of drug development, regulatory, and commercialization process for evaluation of pharmaceutical opportunities; position incumbent should have working scientific knowledge that will permit them to objectively evaluate potential business opportunities
  • Project management/leadership skills to lead/manage multifunctional teams to evaluate investment opportunities and produce high quality analyses. Ability to drive projects to deliver timely results and follow through on commitments
  • Strong communication skills to effectively communicate business strategies and capabilities internally and externally, present individual and team recommendations clearly and concisely, and promote cross-functional communication
  • Networking skills to reach out to a broad range of industry decision makers to keep abreast of emerging opportunities.
  • Demonstrated negotiation and influencing skills in a deal setting and ability to creatively solve problems with co-investors, portfolio company leadership and AbbVie internal team.
  • Deal sourcing through assessment of external environment, market analysis, and primary research reviewing electronic data sources
  • Transactional support for senior directors in active deals and portfolio company/board management
  • Generate trend and assessment reports on markets and therapeutic areas to support group operations and strategy


Equal Opportunity Employer Minorities/Women/Veterans/Disabled

Travel:

25% Travel