School of Medicine, Stanford, California, United States
Schedule: Full-time
Job Code: 4123
Employee Status: Regular
Grade: K
Requisition ID: 92389
Stanford University faculty and research are world-renown for their innovation and excellence. Everyday the future is born at Stanford. The Catalyst team supports promising technology and entrepreneurial faculty to guide their technology out of the research realm, and into the clinic for real-world validation. Next, armed with this real-world evidence, the Catalyst team helps our faculty navigate the rocky transition into commercial entities where their Stanford innovation can spread around the world.
If you like being challenged with creative solutions to problems that didn't exist last year, if you thrive orchestrating innovative change, if you thrive on anticipating needs and proactively solving problems, if you like creating the future, this may be the perfect role for you.
The Catalyst Team is looking for a Sr. Business Analyst to join our mission. The Catalyst program identifies strong candidates for translational projects inside the Stanford Medicine clinical areas to validate and de-risk medical innovations. The Sr. Business Analyst (SBA) role is a critical part of this mission. This person will review candidate projects for their business plan strength and their market potential which is one aspect to be weighed when selecting projects to join a Catalyst cohort. After the annual cohort is filled, they will continue to work with selected projects to fine tune and pivot their business plan based on data from their Stanford Health Care (SHC) pilots and fluctuations in the marketplace. The SBAs will also work with “Silver Medalists” projects who were not chosen to advance during the selection process and would benefit from business plan consulting and feedback. Finally, after the pilot project is done, the SBA will work with founders to update their business plan based on the evidence gathered, create narrative and roadshow materials, and otherwise prepare the project team for their exit path out of the Catalyst program.
The Catalyst team anticipates running 10-20 pilots a year and 100-200 submissions annually.
Ideal candidates will have a passion for healthcare, the pulse of the healthcare startup community, and know how to talk to, and interface with, brilliant entrepreneurs.
This position represents the Stanford Medicine Strategy Office and interacts daily with executives and senior leaders from both the School of Medicine as well as Stanford Health Care adult hospital. This is a continuing position reporting to the Catalyst Director of Operations. This position currently has no direct supervisory responsibilities.
Duties Include
Sr. Business Analyst (SBA) will drive the execution of our Catalyst Due Diligence process for finalist companies seeking entry into the Catalyst program. Due Diligence includes: Market Analysis, Competitive Analysis, Business Plan Review, IT and Data Analysis, and alignment to Stanford Medicine ISP (Integrated Strategic Plan). SBA will identify project weaknesses and work directly with faculty to mitigate to acceptable levels of risk before recommending Due Diligence to Stanford Medicine Leaders/Deans/CEOs/CSO for review and approval.
SBA will provide business plan coaching for all “silver medalist candidates” not accepted into the Catalyst program to provide additional business plan and marketing analysis on why their projects were too risky for the Catalyst program.
Post pilot project, the SBAs will work with project teams to update their business plans with evidence gathered, create narrative and roadshow materials, and prepare the project team for their exit path out of the Catalyst program. This critical stage recasts research and translational work into industry objectives for maximum impact.
SBA is an expert in market trends and analysis and will provide consultation to the entrepreneur and teams regarding general business-related items. Catalyst projects are early-stage development and much of their competition, or potential competition, in the market will still be in stealth mode. A SBA will have the connections and knowledge to separate signal from noise and predict the marketplace in the near future.
SBAs will do business analysis and make allocation recommendations for projects ranging from $100k to $1M in size.
SBAs will be creating reports for, and working with, Sr. Faculty, Stanford Medicine Deans/CEOs/CFOs, Partners at Venture Capital firms, and SHC/SM board members. Position will lead knowledge transfer with the SHC Marketing and Business Development groups to share best practices, tools, and projects.
Externally, SBA will represent Stanford Medicine's interests by developing networks to share best practices and de-risk investments with other AMCs or Healthcare venture groups.
SBA will report to the Director of Operations and work closely with the Catalyst Business mentor.
Primary Characteristics
A passion for health care.
A passion for the health care startup marketplace.
Avid reader of health care entrepreneurial news streams.
Analytical, and you have a passion for data.
You understand entrepreneurs and what they are going through.
You can bridge the needs and language of an academic medical center and industry.
People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply.
Keywords: Administrative Analyst, Business Analyst, Management Analyst, Management Consultant, Program Management Analyst
* - Other duties may also be assigned.
DESIRED QUALIFICATIONS:
MBA or equivalent is desired.
EDUCATION & EXPERIENCE (REQUIRED):
Bachelor's degree and eight years of relevant experience, or combination of education and relevant experience.
KNOWLEDGE, SKILLS AND ABILITIES (REQUIRED):
Demonstrated leadership skills and ability to influence and motivate constituencies which could span multiple organizational boundaries.
Demonstrated excellent planning, organizational, and analytical skills.
Demonstrated ability to make sound business decisions using good business judgment and innovative and creative problem-solving.
Demonstrated ability to manage financial, organizational, and staff resources.
Excellent interpersonal and communications skills with the ability to cultivate professional and business partnerships.
Rarely lift/carry/push/pull objects that weigh 11-20 pounds.
* - Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.
Additional PHYSICAL REQUIREMENTS: (remove if none)
WORKING CONDITIONS:
May work extended hours or weekends.
Additional WORKING CONDITIONS: (remove if none)
WORK STANDARDS (from JDL)
Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.
Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.
Stanford is an equal opportunity employer and all qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law.
