Ground breaking science. Advancing medicine. Healing made personal.
Assistant Director Investment & Return – Requisition #2474552
The Assistant Director, Investment & Return
(the: "AD") for Mount Sinai Innovation Partners ("MSIP") at
the Icahn School of Medicine at Mount Sinai ("School") is a master
financial and economic analyst with outstanding technical, business and
communication skills. Acting as an ‘internal consultant’, the AD works closely
with and supports the entire MSIP team: the Finance and Operations group; the
Business Development group; the IP group; and, the Contracts group. The AD also
actively cooperates and coordinates with Mount Sinai Faculty and Inventors, School
Finance staff and various commercial partners to predict our innovations’
global market opportunities, assign values for a variety of scenarios, and help
structure complex financial transactions. The AD participates in and influences
the team decision process to initiate, continue, or stop investment in patent
protection; team decisions to fund proof-of-concept projects for innovations
and inventions (i3 Accelerator); and creates the financial models and economic
forecasts required to: assess return on investment, maximize cash flow,
stimulate commercial interest, and structure good quality deals (e.g.,
collaborative research agreements, licenses, and equity transactions in
spin-offs and start-ups.) The AD continuously assesses and analyzes both the short-term
and long-term economics of our innovations currently in the marketplace, as
well as those in a development and/or approval pipeline to support Mount
Sinai’s financial and strategic plans.
The AD has a working knowledge of the research and science behind an innovation and can confidently engage with Faculty, entrepreneurs, biopharmaceutical counterparties, etc. Further, the AD understands and can draft, as necessary, the business terminology and analytics required for the deal. Responsibilities related to financials and systems are outlined below.
- Drives MSIP’s team efforts by creating economic analyses and financial models for individual patented and non-patented assets in MSIP’s portfolio, and the continuous analysis of business cases to quantify the economic return and risk for:
- New disclosures
- Decisions to advance patent prosecution
- Prospective license agreement
- Prospective spin-offs/new ventures
- Requests for funding for proof-of-concept or further development.
- Develops and monitors an asset portfolio expected to generate a growing revenue stream consistent with the School’s strategic plans for investing in translational medicine.
- Analyzes commercial opportunity for individual assets, predicts cash flows, assigns present values and helps the team structure good deals for the institution and its inventors.
- Develops, directs and implements innovative actions and interventions to achieve the agreed-to financial goals and strategies.
- Coordinates and cooperates with counterparts in School Finance, Grants & Contracts, General Counsel Office, and the Dean’s Office to leverage MSIP data and planning in support of institutional objectives.
- Obtains data, as
necessary, from Inteum (or other relational databases adopted by MSIP and institution
systems such: as HRTS and Sinai Central
- Bachelor’s Degree in Accounting, Finance or Economics; Master’s degree preferred
- Advanced Excel and financial modeling skills
- 5-10 years financial planning & analysis, preferably in a pharmaceutical or biotech environment or healthcare practice of an investment bank or consulting firm
- Hands-on experience with office operations, human resources, accounting, systems and/or administrative support
- The ability to understand and discuss the particular science of an invention, and its commercial applicability.
The Mount Sinai Health System believes that diversity and inclusion is a driver for excellence. We share a common devotion to delivering exceptional patient care. Yet we’re as diverse as the city we call home- culturally, ethically, in outlook and lifestyle. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education and advancement as we revolutionize healthcare delivery together.
We work hard to recruit and retain the best people, and to create a welcoming, nurturing work environment where you have the opportunity and support to develop professionally. We share the belief that all employees, regardless of job title or expertise, have an impact on quality patient care.
Explore more about this opportunity and how you can help us write a new chapter in our story!
Over 38,000 employees strong, the mission of the Mount Sinai Health System is to provide compassionate patient care with seamless coordination and to advance medicine through unrivaled education, research, and outreach in the many diverse communities we serve.
Formed in September 2013, The Mount Sinai Health System combines the excellence of the Icahn School of Medicine at Mount Sinai with seven premier hospitals, including Mount Sinai Beth Israel, Mount Sinai Brooklyn, The Mount Sinai Hospital, Mount Sinai Queens, Mount Sinai West (formerly Mount Sinai Roosevelt), Mount Sinai St. Luke’s, and New York Eye and Ear Infirmary of Mount Sinai.
The Mount Sinai Health System is an equal opportunity employer. We promote recognition and respect for individual and cultural differences, and we work to make our employees feel valued and appreciated, whatever their race, gender, background, or sexual orientation.