Principal - Venture Fund

Location:

Cambridge, USA

Relocation Support:
This role is based in Cambridge, USA. Novartis is unable to offer relocation support: please only apply if accessible.

At Novartis Venture Fund (NVF), we invest in bold ideas that have the potential to transform the future of medicine. The Principal, Novartis Venture Fund will report to a Managing Director and is a key team member whose primary initial role will be to collaborate with, and support senior members of the NVF team.

NVF is focused on investing in bio therapeutics. Its primary mandate is to optimize financial returns and has done so historically by focusing on innovative companies seeking to develop products that may be paradigm changing in areas of high-unmet need.

The Principal will be expected to operate successfully in a start-up environment. The position will frequently interact with our external stakeholders in industry and venture capital, as well as our internal colleague stakeholders in the Novartis Group. The position will be based in Cambridge and will require some travel.

• Assist NVF Managing Directors and other colleagues in all stages of scientific and business due diligence including specific scientific due diligence, investment specific diligence, market analysis and financial modelling, and conducting primary and secondary research.
• Assist in all stages of due diligence in partnership with the NVF team.
• Review and evaluate new business plans, scientific publications and data derived by potential portfolio companies.
• Source new investment opportunities through analysis of scientific and market opportunities and identify appropriate targets, attend industry events (such as conferences), and contact and build relationships with key academics, executives, entrepreneurs, and other investors.
• Key role in deal and pipeline management including deal review and tracking, deal meetings, etc.
• Prepare and maintain internal documentation on potential investments/portfolio companies, including investment memos and financial analyses.
• Create presentations and build financial models to support new and ongoing investments.
• Be actively involved in portfolio management and fund strategy.
• Support existing portfolio company investments by coordinating interactions with the NVF fund and other parts of Novartis AG (Development and   in particular) from time to time
• Support senior NVF leadership and mentor junior team members
• Perform other tasks as necessary to support the team

• Ph.D in Natural Sciences or M.D.
• 5+ years of experience in Biotech investing and related experience
• Strong scientific background, excellent understanding of the life science market and the pharma world as well as medical needs and emerging science and technology trends
• Familiar with scientific due diligence processes
• Familiar with and exposure to biotech company board meetings, management and governance
• Excellent interpersonal, verbal and written communication skills
• Effective in an international high-performance environment
• Ability to prioritize, coordinate and manage several projects simultaneously
• Proactive, hands-on and entrepreneurial individual with a great passion for research, analysis and investments
• Strong strategic orientation with good analytical and conceptual ability and a tendency to think beyond one’s own area of expertise
• Fluent in English (oral and written)

• Experience serving as a board observer or working closely with biotechnology company boards
• Established network within the biotechnology, venture capital, and life sciences innovation ecosystem

The salary for this position is expected to range between $ -  USD Annual per year.

The final salary offered is determined based on factors like, but not limited to, relevant skills and experience, and upon joining Novartis will be reviewed periodically. Novartis may change the published salary range based on company and market factors.

Your compensation will include a performance-based cash incentive and, depending on the level of the role, eligibility to be considered for annual equity awards.

US-based eligible employees will receive a comprehensive benefits package that includes health, life and disability benefits, a 401(k) with company contribution and match, and a variety of other benefits. In addition, employees are eligible for a generous time off package including vacation, personal days, holidays and other leaves.

To learn more about the culture, rewards and benefits we offer our people .

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…