Leadership & Operations

Associate, Translational Sciences

Job ID: 851906105

UPMC is an equal opportunity employer. Minority / Females / Veterans / Individuals with Disabilities



UPMC Enterprises’ mission is to create products and businesses that make life changing medicine happen. To deliver on our mission, we invest our time, expertise, and capital across two broad focus areas where our insights about health care’s future give us a unique advantage: Digital Solutions and Translational Sciences. This position is within the Translational Sciences domain. The Translational Sciences team combines scientific, clinical, and investment expertise to optimize the commercialization path for products and solutions addressing diseases with high unmet medical need. In January 2020, we announced a commitment to invest $1 billion by 2024 in life sciences companies at all stages. Our internal focus is to support the commercialization of cutting-edge research by launching early-stage companies and accelerating the application of scientific discoveries to narrow the gap between bench and bedside. We also seek opportunities to invest in external companies that are developing innovative therapies and products to improve health care. When we choose to work with life science companies within or outside of UPMC, we provide full access to UPMC’s vast resources.

The Translational Sciences team is seeking an Associate to collaboratively lead efforts supporting investment diligence and execution for internal and external investment opportunities. Associates are expected to be knowledgeable regarding the venture financing and diligence process for companies in the life sciences and will contribute to Translational Sciences direct investments.

The ideal candidate is a self- motivated, independent learner with a track record of effective stakeholder management, the ability to identify potentials risks, and is solution oriented. Strong project management, organizational, and communication skills are critical for success.  This role reports to a Director, Translational Sciences.


  • Leads diligence efforts, in collaboration with the senior investment team, for investment opportunities from scientific, clinical, commercial, financial, and legal perspectives
  • Independently conducts project support aspects for strategic initiatives with oversight from leadership
    • Administrative Support: Maintain project planning documentation, prepare presentations, author and distribute high level project updates
    • Financial Management: Budget development, monitoring, and revenue / expense forecasting
    • Market Assessment: Complete competitive landscape analyses, analyze commercial opportunities, and help assess market potential
    • Business Development: Industry and company analyses, author business plans
  • Drafts investment memos
  • Maintains current industry knowledge and monitors trends to assist leadership in the definition and prioritization of investment focus areas
  • Builds and manages relationships with principal investigators and other internal and external stakeholders
  • Develops project timelines, identifies key areas of risk, and generates and presents mitigation strategies
  • Support start-up of internally formed companies
  • Prepares and delivers presentations to the team, leadership, and key stakeholders
  • Brings forward ideas to improve execution and efficiencies
  • Fosters a collaborative team environment, including training and mentoring peers, and maintains a positive attitude
  • Performs in accordance with system-wide competencies and behaviors
  • Performs other duties as assigned


  • BS degree required; advanced degrees will be considered in lieu of experience
  • A combination of life sciences and business training preferred
  • Minimum 4 years of professional experience or formal training in:
    • Venture capital, management consulting, investment banking, OR
    • Life sciences business development, strategy, or finance role
  • Experience independently planning and managing projects with demonstrated history of successful execution in project execution
  • Ability to management upward and tailor communications based upon audience
  • Ability to adapt and be flexible in response to dynamic priorities
  • Strong written and oral communication skills
  • Strong problem solving, analytical, and critical thinking skills
  • Strong organizational skills
  • UPMC is an Equal Opportunity Employer/Disability/Veteran

Apply for this position