Director, NIBR Business Development & Licensing Finance

Job Description

5,600. The number of people dedicated to discovery across 6 research locations around the globe! The Novartis Institutes for BioMedical Research (NIBR) is THE innovation engine of Novartis. We collaborate across scientific and organizational boundaries, with a focus on powerful new technologies that have the potential to help produce therapeutic breakthroughs for patients.

As the Director - NIBR BD&L (Business Development and Licensing) Finance, you will partner with NIBR Development & Licensing to identify, analyze, and successfully close BD&L opportunities and manage alliances, which support NIBR business strategy.

This position will also contribute to NIBR’s BD&L finance and deal strategy by managing key enabling financial processes (planning & reporting), systems, and analysis associated with external collaboration, licensing, and acquisition and divestment deals

Your key responsibilities:
Your responsibilities include, but are not limited to:

• Providing independent and high-quality financial support to all BD&L transactions and Alliance Management processes including Licensing, Acquisition, Collaborations, Out-licensing, Strategic equity investments, and other strategic business initiatives. Making recommendations for financial structure and terms to maximize value to Novartis while minimizing risk across deal life cycle.

• Collecting input from key finance (Accounting, Tax, Funds Flow, Innovative Medicines and Group Finance) stakeholders and incorporate their feedback on term sheet/contracts in a timely manner. Taking a proactive role in informing and finding solutions to the negotiations lead of financial issues.

• Leading analysis of financial analysis and models underpinning deal terms; analyzing deal economics quickly to identify key value drivers and looks at key sensitivities. Preparation of the business case with specific responsibility for financial aspects including P&Ls, cash flow analyses, sensitivity analyses, and other relevant financial metrics slides for presentation to the NIBR Deal Committee (NDC) and other governance committees.

• Functioning as a trusted member of the Deal and Alliance Management teams in face-to-face negotiations with external parties. Constructively challenging deal terms and working towards solutions that do not meet financial prudence, risk management, governance needs of Novartis.

• Owning end-to-end financial impact of the portfolio managed: Proper planning and reporting of BD&L targets (P&L, Balance Sheet, Cash Flow) as applicable to portfolio of deals and alliances managed. Ensuring proper and timely accounting for Intangibles, Equity, Loans, Contingent Considerations, and Impairment/Amortization for the deal portfolio managed across entities in US and Basel.

• Will serve as a strong communicator to represent Novartis Finance for a BD&L transaction, internally at top management levels within Novartis, and externally with partners.

EEO Statement
The Novartis Group of Companies are Equal Opportunity Employers and take pride in maintaining a diverse environment. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. We are committed to building diverse teams, representative of the patients and communities we serve, and we strive to create an inclusive workplace that cultivates bold innovation through collaboration and empowers our people to unleash their full potential.

Minimum requirements

What you’ll bring to the role:
• Bachelor’s degree is required. Concentration in Finance/Business/Accounting is preferred
• MBA or CPA is a plus
• 10+ years of finance/accounting experience is required
• 5+ years pharmaceutical experience preferred
• Relevant finance experience with BD&L transactions
• Solid understanding of accounting principles and current IFRS as it relates to BD&L transactions
• Team leadership, project management, and negotiation experience
• Ability to demonstrate initiative, creativity, and ability to work under pressure, often to tight deadlines
• Excellent communication skills, both oral and written, to coordinate and disseminate important and confidential information
• Strong interpersonal skills with ability to build solid partnerships and trust with counterparts
• Ability to diplomatically challenge and collaborative with stakeholders within Novartis, from other companies, and those at external organizations
• Strong stakeholder management experience including presenting to executive committees/ C-suite is a plus

Why Novartis?
769 million lives were touched by Novartis medicines in 2020, and while we’re proud of this, we know there is so much more we could do to help improve and extend people’s lives.

We believe new insights, perspectives and ground-breaking solutions can be found at the intersection of medical science and digital innovation. That a diverse, equitable and inclusive environment inspires new ways of working.

We believe our potential can thrive and grow in an unbossed culture underpinned by integrity, curiosity and flexibility. And we can reinvent what's possible, when we collaborate with courage to aggressively and ambitiously tackle the world’s toughest medical challenges. Because the greatest risk in life, is the risk of never trying!
Imagine what you could do here at Novartis!

Commitment to Diversity & Inclusion:
Novartis is committed to building an outstanding, inclusive work environment and diverse team’s representative of the patients and communities we serve.

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