Blue Shield Of California
Corporate Development, Principal
Blue Shield Of California, Oakland, California, United States, 94616
Job Description
Your Role
The Principal, Corporate Development, is a critical member of the enterprise's Corporate Development team. The Corporate Development team leads execution of Blue Shield of California's inorganic growth activities to accelerate the enterprise's strategic plan. You will support this dynamic team and partner with cross-functional colleagues in sourcing and evaluating acquisition and investment opportunities. The ideal candidate has investment banking or management consulting experience with demonstrated knowledge of the merger and acquisition process and a strong understanding of the healthcare industry. This role reports to a Senior Director, Corporate Development.
Your Work
In this role, you will:Lead business case development for potential acquisitions and investments, including building financial models, conducting valuation analysis, and developing presentationsLead due diligence processes in partnership with cross-functional stakeholdersPartner with internal leaders to understand strategic objectives and needs of the enterpriseFoster relationships with internal and external partners in the healthcare marketplace to expand the enterprise's acquisition and investment pipelineMonitor new developments within the healthcare industry to identify potential acquisitions and investments opportunitiesSupport oversight of the enterprise's venture investment portfolioSupport enterprise leadership in the execution of other key strategic initiativesQualifications
Your Knowledge and Experience
Requires a bachelor's degree or greater in finance, accounting, or similar disciplineRequires at least 10 years of prior relevant experienceInvestment banking, management consulting, private equity, or corporate development experience and prior placement in or alignment with healthcare sector strongly preferredDemonstrated experience with the merger and acquisition processProficiency in financial modeling; able to build detailed financial models and valuation analysesProficiency in developing presentations and investment memosStrong attention to detailRobust analytical and critical thinking skillsStrong interpersonal and communication skillsPay Range:
The pay range for this role is: $ 136400.00 to $ 204600.00 for California.
Note:
Please note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate's experience, location (California, Bay area, or outside California), and current employee salaries for similar roles.
#LI-LC1
About the Team
Blue Shield of California's mission is to ensure all Californians have access to high-quality health care at a sustainably affordable price. We are transforming health care in a way that genuinely serves our nonprofit mission by lowering costs, improving quality, and enhancing the member and physician experience.
To fulfill our mission, we must ensure a diverse, equitable, and inclusive environment where all employees can be their authentic selves and fully contribute to meet the needs of the multifaceted communities we serve. Our continued commitment to diversity, equity, and inclusion upholds our values and advances our goal of creating a healthcare system that is worthy of our family and friends while addressing health disparities, promoting social justice, and integrating health equity through our products, business practices, and presence as a corporate citizen.
Blue Shield has received awards and recognition for being a certified Fortune 100 Best Companies to Work, Military Friendly Employer, People Companies that Care, a Leading Disability Employer, and one of California's top companies in volunteering and giving. Here at Blue Shield, we strive to make a positive change across our industry and communities - join us!
Our Values:
Honest . We hold ourselves to the highest ethical and integrity standards. We build trust by doing what we say we're going to do and by acknowledging and correcting where we fall short.Human . We strive to be our authentic selves, listening and communicating effectively, and showing empathy towards others by walking in their shoes.Courageous . We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.Our Workplace Model:
Blue Shield of California is dedicated to making work-life balance a reality. Whether you prefer to work in an office or from home, we understand flexibility is more important than ever. That's why Blue Shield is a hybrid company, offering you the opportunity to decide where you can do your best and most meaningful work.
Two ways of working: Hybrid (our default) and office
Hybrid - In a business unit approved office a few times per year to 3 days per week, on averageOffice - In a business unit approved office 4+ days a week, on average. If the role you're applying for is deemed an "Essential Role," the company has determined that the role can only be performed in a Blue Shield office or in the field and would require your to meet the office worker classification.
Physical Requirements:
Office Environment - roles involving part to full time schedule in Office Environment. Due to the current public health emergency in California, Blue Shield employees are almost all working remotely. Based in our physical offices and work from home office/deskwork - Activity level: Sedentary, frequency most of work day.
Please click here for further physical requirement detail.
Equal Employment Opportunity:
External hires must pass a background check/drug screen. Qualified applicants with arrest records and/or conviction records will be considered for employment in a manner consistent with Federal, State and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or disability status and any other classification protected by Federal, State and local laws.
Your Role
The Principal, Corporate Development, is a critical member of the enterprise's Corporate Development team. The Corporate Development team leads execution of Blue Shield of California's inorganic growth activities to accelerate the enterprise's strategic plan. You will support this dynamic team and partner with cross-functional colleagues in sourcing and evaluating acquisition and investment opportunities. The ideal candidate has investment banking or management consulting experience with demonstrated knowledge of the merger and acquisition process and a strong understanding of the healthcare industry. This role reports to a Senior Director, Corporate Development.
Your Work
In this role, you will:Lead business case development for potential acquisitions and investments, including building financial models, conducting valuation analysis, and developing presentationsLead due diligence processes in partnership with cross-functional stakeholdersPartner with internal leaders to understand strategic objectives and needs of the enterpriseFoster relationships with internal and external partners in the healthcare marketplace to expand the enterprise's acquisition and investment pipelineMonitor new developments within the healthcare industry to identify potential acquisitions and investments opportunitiesSupport oversight of the enterprise's venture investment portfolioSupport enterprise leadership in the execution of other key strategic initiativesQualifications
Your Knowledge and Experience
Requires a bachelor's degree or greater in finance, accounting, or similar disciplineRequires at least 10 years of prior relevant experienceInvestment banking, management consulting, private equity, or corporate development experience and prior placement in or alignment with healthcare sector strongly preferredDemonstrated experience with the merger and acquisition processProficiency in financial modeling; able to build detailed financial models and valuation analysesProficiency in developing presentations and investment memosStrong attention to detailRobust analytical and critical thinking skillsStrong interpersonal and communication skillsPay Range:
The pay range for this role is: $ 136400.00 to $ 204600.00 for California.
Note:
Please note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate's experience, location (California, Bay area, or outside California), and current employee salaries for similar roles.
#LI-LC1
About the Team
Blue Shield of California's mission is to ensure all Californians have access to high-quality health care at a sustainably affordable price. We are transforming health care in a way that genuinely serves our nonprofit mission by lowering costs, improving quality, and enhancing the member and physician experience.
To fulfill our mission, we must ensure a diverse, equitable, and inclusive environment where all employees can be their authentic selves and fully contribute to meet the needs of the multifaceted communities we serve. Our continued commitment to diversity, equity, and inclusion upholds our values and advances our goal of creating a healthcare system that is worthy of our family and friends while addressing health disparities, promoting social justice, and integrating health equity through our products, business practices, and presence as a corporate citizen.
Blue Shield has received awards and recognition for being a certified Fortune 100 Best Companies to Work, Military Friendly Employer, People Companies that Care, a Leading Disability Employer, and one of California's top companies in volunteering and giving. Here at Blue Shield, we strive to make a positive change across our industry and communities - join us!
Our Values:
Honest . We hold ourselves to the highest ethical and integrity standards. We build trust by doing what we say we're going to do and by acknowledging and correcting where we fall short.Human . We strive to be our authentic selves, listening and communicating effectively, and showing empathy towards others by walking in their shoes.Courageous . We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.Our Workplace Model:
Blue Shield of California is dedicated to making work-life balance a reality. Whether you prefer to work in an office or from home, we understand flexibility is more important than ever. That's why Blue Shield is a hybrid company, offering you the opportunity to decide where you can do your best and most meaningful work.
Two ways of working: Hybrid (our default) and office
Hybrid - In a business unit approved office a few times per year to 3 days per week, on averageOffice - In a business unit approved office 4+ days a week, on average. If the role you're applying for is deemed an "Essential Role," the company has determined that the role can only be performed in a Blue Shield office or in the field and would require your to meet the office worker classification.
Physical Requirements:
Office Environment - roles involving part to full time schedule in Office Environment. Due to the current public health emergency in California, Blue Shield employees are almost all working remotely. Based in our physical offices and work from home office/deskwork - Activity level: Sedentary, frequency most of work day.
Please click here for further physical requirement detail.
Equal Employment Opportunity:
External hires must pass a background check/drug screen. Qualified applicants with arrest records and/or conviction records will be considered for employment in a manner consistent with Federal, State and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or disability status and any other classification protected by Federal, State and local laws.