Thermo Fisher Scientific

VP, Business Development Regional Lead (Biotech)- US, West Coast Region

Colorado, United States

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Biotechnology, Life Sciences, HealthcareIndustries

Position Overview

  • Location Type:
  • Job Type: Full time
  • Work Schedule: Standard (Mon-Fri)
  • Environmental Conditions: Office

This role provides global leadership and oversight of a business development segment, defining strategy, planning, and executing innovative initiatives to maximize profitability and growth. The position ensures opportunities for revenue generation are identified and developed to increase market penetration. It involves building stakeholder engagement plans, developing and cultivating relationships, and collaborating cross-functionally to create proactive solutions and flexible commercial models that deliver value for clients. A key aspect is fostering a high-performance business development team through mentoring, coaching, and development to achieve authorization targets.

Essential Functions and Other Job Information

  • Provides global leadership of the Regional business development team and sales portfolio, ensuring achievement of gross authorization targets, profitability, and growth of new partnerships.
  • Performs strategic landscape analysis and executes a comprehensive sales plan for the portfolio.
  • Monitors client assignments and staff performance to track achievement of sales/authorization targets across accounts and proactively addresses variances.
  • Establishes short and long-term objectives for the business development team, ensuring alignment with corporate strategy and goals, and consistent delivery of top-line sales goals and targeted profit contribution.
  • Collaborates with strategic partnerships, Biotech, alliance, and growth account teams, as well as operational colleagues, to broaden and expand service offerings and support strategic selling initiatives.
  • Oversees profitability by monitoring profit/loss and managing operational expenses to achieve profitability targets, ensuring year-over-year financial growth while maintaining service quality.
  • Assesses client satisfaction and recommends opportunities for improvement to ensure the overall success of accounts.
  • Stays abreast of market trends and identifies opportunities for penetration of additional partnerships.

Leadership Skills

  • Manage the Biotech business development team for success, including recruitment, training, and management of a high-performing team.
  • Foster a collaborative and motivated environment focused on accountability for results, providing mentorship and guidance to maximize individual and team performance.
  • Monitor client assignments and staff performance to track achievement of sales/authorization targets across accounts and proactively address variances.
  • Ensure consistent delivery for each business development representative of top-line sales goals and targeted profit contribution.
  • Assess client satisfaction and recommend opportunities for improvement to ensure the overall success of each representative’s accounts.

Minimum Required Education and Experience

  • Bachelor’s degree required.
  • 15+ years of experience in a CRO, Pharmaceutical, or Medical Device sales industry.
  • 7+ years of sales management experience.
  • Proven sales history with breadth of domestic geographic responsibility and account management.
  • Equivalency: In some cases, an equivalency consisting of a combination of appropriate education, training, and/or directly related experience will be considered sufficient.

Required Knowledge, Skills and Abilities

  • Strong commercial acumen with skills to identify and develop sales leads, professionally present capabilities, manage the sales process through close, and handle all aspects of contract negotiations.
  • Advanced leadership skills and business acumen with a comprehensive understanding of the organization and functional areas.
  • Strong customer relationship management skills.
  • Solid competitive and business intelligence with the ability to convert strategies into profitability and business growth.
  • Thorough knowledge of budgeting, forecasting, and fiscal management, including profit and loss management.

Skills

Business Development
Strategic Planning
Sales Strategy
Partnership Management
Client Relationship Management
Team Leadership
Financial Analysis
Operational Oversight
Market Penetration
Cross-functional Collaboration

Thermo Fisher Scientific

Provides life sciences products and services

About Thermo Fisher Scientific

Thermo Fisher Scientific offers a variety of products and services that support scientific research and healthcare, including laboratory equipment, reagents, and software solutions. Their products are used in applications like protein biology, real-time PCR, and sequencing, serving clients such as academic institutions and pharmaceutical companies. Unlike competitors, Thermo Fisher emphasizes customer support and education, helping clients optimize their experiments. The company's goal is to be a leading provider of life sciences solutions that contribute to a healthier and safer world.

Waltham, MassachusettsHeadquarters
1956Year Founded
$17MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
10,001+Employees

Risks

Increased competition in single-use bioprocessing may impact market share.
Sale of anatomical pathology business could create a temporary product gap.
Investment in miDiagnostics may face regulatory challenges affecting returns.

Differentiation

Thermo Fisher offers a comprehensive range of life sciences products and services.
Their well-known brands include Thermo Scientific, Applied Biosystems, and Invitrogen.
They provide strong customer support and educational resources to optimize client workflows.

Upsides

Expansion of biologics production facility enhances capacity for precision biologics monitoring.
Investment in miDiagnostics aligns with demand for rapid diagnostic solutions in BioPharma.
Collaboration with Mainz Biomed positions them in the growing cancer detection market.

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