POSITION OVERVIEW
NBME is in search of a proactive and strategic Business Development Manager to pinpoint and support collaborative business ventures, including mergers and acquisitions (M&A). This position is essential for propelling our company's growth and innovation through building alliances and identifying potential acquisition targets that align with our strategic objectives. The ideal candidate will be persuasive, possess excellent relationship-building skills, and demonstrate strong business acumen.
This role is predominantly remote, with minimal on-site attendance required except for quarterly change-of-pace days, mandatory for all employees. While the position is primarily remote, candidates have the flexibility to choose a remote, hybrid, or on-site work arrangement. We are open to considering candidates from NJ, PA, MD, or DE.
Diversity, Equity, and Inclusion Statement
At NBME ®, we continue to innovate and improve how we fulfill the evolving needs of the healthcare community. This commitment starts and ends with the people at NBME. By recruiting and empowering talented individuals from various disciplines and backgrounds, which includes professionals with diverse life experiences, abilities, and perspectives, NBME can take a well-informed, robust approach to advancing medical education and assessment for years to come. We also continue to focus on ensuring that our DEI work is impactful and ingrained in everything we do, including with our staff, workplace culture, products and services, the Philadelphia community, and the broader medical education landscape.
RESPONSIBILITIES
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Develop and implement a comprehensive business development strategy focused on collaborative ventures, partnerships, and M&A activities.
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Cultivate and sustain strong relationships with key stakeholders, including industry leaders, potential partners, and investment banking advisors/firms.
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Conduct rigorous due diligence to evaluate the financial and strategic fit of potential partners and acquisition targets.
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Work with cross-functional teams, including finance, legal, and operations, to assess risks and benefits of proposed deals.
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Manage the negotiation process, ensuring alignment with the company's strategic goals and financial guidelines.
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Oversee the negotiation process and contribute to deal negotiations.
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Coordinate with internal and external parties to ensure seamless execution of partnership agreements and integration of collaborations.
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Monitor and report on the progress of business development initiatives, offering insights and recommendations to senior management.
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Stay informed about market developments/trends, competitors, and regulatory changes that may impact the business development strategy.
QUALIFICATIONS
Skills and Abilities
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Proven track record of identifying and executing successful partnerships and acquisitions.
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Strong analytical and financial skills, with the ability to conduct thorough due diligence.
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Excellent negotiation, communication, and interpersonal skills.
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Strategic thinker with the ability to execute methodically and with attention to detail.
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Demonstrated ability to work collaboratively across teams and with external partners.
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Capable of managing multiple projects simultaneously.
Experience
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Minimum of 5 years experience in business development, strategic partnerships, or M&A.
Education
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Bachelor's degree in Business, Finance, or related field; MBA preferred.
About NBME:
NBME offers a versatile selection of high-quality assessments and educational services for students, professionals, educators, regulators and institutions dedicated to the evolving needs of medical education and health care. To ensure our assessments meet the highest standards of quality, stay relevant and align to the current curriculum in medical schools and training programs, we rely on a wide network of collaborators. These include the volunteers who help develop our exam questions, the committees and panels who represent various groups within the medical education community, external researchers and health profession organizations.
We are committed to meeting the needs of educators and learners globally with assessment products and expert services such as NBME® Subject Examinations, Customized Assessment Services, Self-Assessments, the International Foundations of Medicine® Program and Item Writing Workshops. Together with the Federation of State Medical Boards, NBME develops and manages the United States Medical Licensing Examination®, which measures the ability to apply knowledge and skills that form the basis of safe and effective patient care. Our Competency-based Assessment unit is focused on new methods as well as the optimization of assessment in the workplace and education.
As a result of leadership in ongoing research, innovative measurement practices and the exploration of forward-thinking assessment modalities and improvements, NBME advances assessment science. Our grant and funding opportunities further support this dedication to medical education and assessment science. We help develop the next generation of assessment professionals through our Summer Psychometric Internship Program. Through the Stemmler Fund, Strategic Educators Enhancement Fund and Latin America Grants Program, researchers and educators can continue to improve the assessment of health care professionals around the world.
NBME views diversity, equity and inclusion (DEI) as foundational and enduring to our strategy and vision. We continue to focus on ensuring that our DEI work is impactful and ingrained in everything we do, including with our staff, culture, products and services, the Philadelphia community and the broader medical education landscape. Our commitment manifests in our hiring and staff development, recruitment for committees, grants programs, design and review of our assessments, and involvement in our local and national communities.
Learn more about NBME at NBME.org.
The NBME offers competitive salaries, excellent benefits, and a rewarding work environment. Excellent Benefits include: Healthcare, Dental, Prescription, and Vision plans; 401(k) w/match, Tuition Reimbursement Plan, Commuter Benefit: Public Transit or Parking options. Remote Friendly Workplace.
NBME is an equal opportunity employer as defined by the EEOC.
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