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The Vice President Pfizer Ventures/Equity role is in Worldwide Business Development/Business Innovation. As the leader, this person will have overall responsibility for all equity investments, their sourcing, diligence, negotiation, execution, and life cycle management, across the Pfizer Organization (sourcing/diligence for non-venture equity investments can be done by other groups, where appropriate). This includes direct management of Pfizer Ventures private company and fund investments, Business Development strategic equity investments in private and public companies and funds (including investments associated with internal initiatives like Ignite). All of these investments are aligned with Pfizer’s scientific and business strategies, with the goal of providing strategic relationships and financial benefit, in-depth knowledge of the pharmaceutical business and the science that drives it will facilitate the work.
This individual will assume responsibility for the administration and management of the existing private strategic equity portfolios acquired in past business transactions. In addition, the administration, management and sale of Public equities will also come under the remit of this role. processing, managing, and tracking investment analytics for the entire Pfizer equity portfolio is also a key component of this role. To achieve these objectives this individual will have oversight of investing professionals, and associates while partnering with internal colleagues in business development and supporting areas such as legal, finance, treasury.
Success is determined by the strategic value of the investments to Pfizer’s future pipeline, as well as financial return to the corporation. Equity investing is a tool used to create close relationships with early-stage companies (venture) and access to clinical assets at later stages through business development transactions, while building a portfolio that can also provide financial return and pay for the operations of department.
This leader will need to leverage extensive knowledge gained from executing of all forms of equity transactions as well as extensive external relationships in pharma, biotech, investing and banking communities with the goal of creating/supporting strong companies to partner with Pfizer and provide financial return.
CANDIDATE TYPES
- Senior corporate Venture Capitalist / PE investor with extensive pharma sector experience
- Senior Pharmaceutical executive – with investing experience
- Senior Investment Banker with Pharma biotech experience
ROLE RESPONSIBILITIES
- Manage the execution and lifecycle of all equity transactions at Pfizer
- Oversee Pfizer Ventures business from lead identification through building strategic relationships and planning for financial exits
- Oversee the execution of business development equity transactions
- Manage the life cycle of strategic equity portfolio of public and private companies for value.
- Meet all internal and external reporting requirements
- Manage deal governance processes ensuring compliance with corporate procedures.
- Manage and track equity investments over time, providing data for financial reporting, and presentations.
- Build diverse collaborative relationships across Pfizer to generate alignment around investments and facilitate collaboration between portfolio companies and Pfizer.
- Cultivate diverse relationships external to Pfizer within the Biotech ecosystem.
- Knowledgably represent Pfizer in discussions external audiences and routinely present and represent Pfizer and Pfizer Ventures at external meeting/conferences and forums.
- Manage PV investments as a venture capitalist, through board participation, and management recruitment and drive to successful financial exits (IPO/M&A).
QUALIFICATIONS
Candidate demonstrates a breadth of diverse leadership experiences and capabilities including: the ability to influence and collaborate with peers, develop and coach others, oversee and guide the work of other colleagues to achieve meaningful outcomes and create business impact.
BASIC QUALIFICATIONS
- Professional degree required – PhD, MD, JD, MBA
- Significant understanding of the biopharmaceutical model with at least ten years biopharmaceutical company work experience.
- At least 15 years equity experience through venture capital, banking and business development, banking
- 5-10 years' experience in equity capital markets.
- Demonstrated ability to collaborate and communicate with Scientific and business leaders inside and outside the organization
- Demonstrated the ability to manage a team of peers across corporate functions
- Thrives in a team environment.
- Ability to effectively communicate with C-Suite level leaders.
- Skilled in use of Microsoft based business software systems.
PREFERRED QUALIFICATIONS
- Experienced in financial management and analysis
- Strong communication skills demonstrated in both business/scientific and casual environments
- Influencing skills to influence without line management
- Experience in working closely with, advising and presenting to senior leaders on collaborations, business development or strategy
- Strong negotiation capabilities: ability to persuade/ influence and effectively gain agreement/consensus
PHYSICAL/MENTAL REQUIREMENTS
- Ability to travel independently.
- Ability to review and understand complex scientific, drug development and business proposals.
- Ability to perform mathematical calculations and complex data analysis.
- Ability to review and understand complex legal documents.
NON-STANDARD WORK SCHEDULE, TRAVEL OR ENVIRONMENT REQUIREMENTS
- Ability to travel globally 25% or more of the time
- Non-traditional work hours required on an as needed basis –early mornings, nights, weekends and during vacation time.
Relocation assistance may be available based on business needs and/or eligibility.
Sunshine Act
Pfizer reports payments and other transfers of value to health care providers as required by federal and state transparency laws and implementing regulations. These laws and regulations require Pfizer to provide government agencies with information such as a health care provider’s name, address and the type of payments or other value received, generally for public disclosure. Subject to further legal review and statutory or regulatory clarification, which Pfizer intends to pursue, reimbursement of recruiting expenses for licensed physicians may constitute a reportable transfer of value under the federal transparency law commonly known as the Sunshine Act. Therefore, if you are a licensed physician who incurs recruiting expenses as a result of interviewing with Pfizer that we pay or reimburse, your name, address and the amount of payments made currently will be reported to the government. If you have questions regarding this matter, please do not hesitate to contact your Talent Acquisition representative.
EEO & Employment Eligibility
Pfizer is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status. Pfizer also complies with all applicable national, state and local laws governing nondiscrimination in employment as well as work authorization and employment eligibility verification requirements of the Immigration and Nationality Act and IRCA. Pfizer is an E-Verify employer.
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