Associate Director, Business Operations, Innovation
Somerville, NJ - USA
Job Summary
Mass General Brigham relies on a wide range of professionals including doctors nurses business people tech experts researchers and systems analysts to advance our mission. As a not-for-profit we support patient care research teaching and community service striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham.
Job Summary
The Associate Director of Innovation Business Operations is a leadership role for a candidate with experience in the oversight of complex IP and license portfolios oversight of licensee compliance with financial and diligence obligations and leadership of relationships with industry and academic counterparts. This position is a member of the Innovation management team and is accountable for driving (i) operational initiatives that enhance the Innovation offices business performance and grow revenue through dedicated stewardship of the Innovation deal portfolio and (ii) functional excellence for contract compliance professionals who have primary responsibility for enforcing licensee contract compliance assessing revenue expectations managing agreement lifecycles and ensuring the integrity of agreement data for robust analytics.The Associate Director applies knowledge of intellectual propertybased asset development deal negotiation and structuring market trends internal reporting and leadership needs and is developing a network of contacts in relevant business areas to engage and influence industry executives academic counterparts and other MGB offices to steward MGBs license portfolio toward high-value commercial outcomes.
Responsible for leading the operational stewardship of a complex intellectual property and licensing portfolio to drive revenue realization compliance and high-value commercial outcomes. Oversees contract lifecycle management licensee performance financial and diligence compliance and portfolio reporting. Partners closely with deal negotiation teams legal counsel finance and department leaders to ensure strong execution of licensing strategy risk management and business performance across the Innovation portfolio.
Essential Functions
Leads and develops the contracts compliance team providing guidance on complex contract enforcement issues and supporting professional growth.
Directs the management of the full license lifecycle.
Oversees license compliance with all contractual development diligence and payment obligations identifying necessary amendments cure actions or breach notices as needed.
Designs and implements process improvements to streamline portfolio management and improve efficiency and data quality.
Manages license audits collaborating with business development leaders and legal counsel to enforce revenue realization and financial accuracy.
Collaborates with business development leaders to review and finalize financial and operational terms in contracts minimizing risk ensuring adherence to standards and maximizing revenue realization.
Prepares and presents portfolio and license performance reporting and forecasting including financial impact compliance metrics and key performance indicators related to portfolio health and revenue to senior leadership.
Builds and maintains relationships with key stakeholders including licensees business development leaders Office of General Counsel finance and department leaders to support Innovation operations and portfolio performance.
Qualifications
Education
- Bachelors Degree required strongly preferred in a related field: Finance Accounting Legal Business Administration. Relevant advanced degree (e.g. MBA Masters) is a plus.
Licenses and Credentials
- Relevant professional certification (e.g. CPA) is a plus
Experience
- 5 - 7 years required 8 years preferred of relevant experience in tech transfer contract management royalty auditing license enforcement or other directly relevant experience required.
- 3 - 5 years of experience required in a contracts or financial supervisory or leadership role
- 3 - 5 years of experience with payer contracts and regulatory compliance preferred
Knowledge Skills and Abilities
- Curious and engaged in contract language intellectual property management deal-making and commercialization in healthcare and life sciences.
- Strong negotiation skills with the ability to secure favorable results and resolve conflicts.
- Deep understanding of tech transfer license agreements and contract compliance/enforcement.
- Highly organized able to manage multiple projects deadlines and stakeholder relationships concurrently.
- Excellent leadership and team management skills focused on developing talent and providing clear guidance.
- Ability to analyze financial and performance data prepare reports and communicate insights to senior leadership.
- Strong collaboration and communication skills with internal teams (legal finance business development operations) and external stakeholders.
- Proficient in MS Office (advanced Excel) and able to learn new analytics tools quickly.
Additional Job Details (if applicable)
Remote Type
Work Location
Scheduled Weekly Hours
Employee Type
Work Shift
Pay Range
$99465.60 - $141804.00/AnnualGrade
8EEO Statement:
Mass General Brigham Competency Framework
At Mass General Brigham our competency framework defines what effective leadership looks like by specifying which behaviors are most critical for successful performance at each job level. The framework is comprised of ten competencies (half People-Focused half Performance-Focused) and are defined by observable and measurable skills and behaviors that contribute to workplace effectiveness and career success. These competencies are used to evaluate performance make hiring decisions identify development needs mobilize employees across our system and establish a strong talent pipeline.
Required Experience:
Director
About Company
Patients at Mass General have access to a vast network of physicians, nearly all of whom are Harvard Medical School faculty and many of whom are leaders within their fields.