Business Strategist

4 weeks ago

Newark, United States BioCentriq Full time
Description

The NJII business strategist has the responsibility of developing and implementing dynamic long-term strategies and management practices for our healthcare programs. The ideal candidate will collaborate with the organization to create innovative solutions and then develop the plans, strategies, approaches, and targets necessary to implement them. This includes assessing existing strategies and researching new ideas to identify opportunities for -growth. They will work closely with senior leadership to identify opportunities, prioritize the most important ones, develop the strategy and financial rationale for achieving these objectives, and work closely with others to implement. Business strategists may also explain their strategy to educate the rest of the team. Ideal candidate to have experience in the senior care healthcare sector.

Person Reports To - Program Director

Supervises - This position has no direct reports.

Essential Functions -

•Analyzing and researching market trends in the healthcare and healthcare technology markets, particularly senior care, to seek insights, identify and analyze trends, assess opportunities and threats and develop frameworks that enable the development of strategies to support growth, , , and use this analysis to inform strategic decisions.

•Predicting a company's future needs, risks, and potential successes by reviewing the industry's state and the latest trends and the market positioning of the company

•Analyzing the competitive landscape of various healthcare and healthcare technology segments to identify strengths and weaknesses of the vendors competing in these segments and formulate strategies for gaining a competitive edge.

•Suggesting and developing new products, services, and other opportunities to meet the target audience's unmet needs and exploring new market options to identify and evaluate new business opportunities, partnerships, and ventures to drive growth and diversification.

•Collaborating with finance teams in financial planning to create financial models, forecasts, and budgets that support strategic goals.

•Assessing risks associated with strategic decisions and develop risk mitigation plans.

•Defining key performance indicators (KPIs) and measurement frameworks to track the success of strategic initiatives.

•Leading change management efforts by overseeing the implementation of and the adherence to the strategic business plan once it has been finalized.

Additional Functions -

•Considering employees' habits and well-being when developing strategies for an organization to further build on employee relations.

•Analyzing employees' productivity and using that information to find new technologies or processes for implementing advanced productivity.

•Regularly reporting on progress and results of strategic plans to senior leadership and stakeholders.

•Fostering a culture of innovation by encouraging creative thinking and initiatives that lead to product or service enhancements.

Prerequisite Qualifications -

Education: The ideal candidate will have a degree in Business Administration, Economics, or a related field or healthcare work equivalent.

Experience: The ideal candidate will have >3 years of experience.

Skills:

•Exquisite organizational skills and attention to detail.

•The ability to make ethical, socially responsible, and calculated decisions while considering risks.

•Clear and effective communication.

•A problem solving and solutions-oriented mindset to assess situations and identify the best ways to maximize the organization's resources and support the short-term as well as long-term goals of the company.

•Prior leadership experience to encourage and motivate others and to foster collaboration.

•Extensive experience in financial modeling and analysis.

•Proven ability to lead cross-functional teams and manage complex projects.

•Knowledge of industry best practices and emerging trends in business strategy.

•Proficiency in relevant software and tools for data analysis and strategic planning.

•Exceptional adaptability and a commitment to continuous learning

Final candidates will be subject to a background screening. Employment or continued employment is contingent upon NJII's acceptance of the results of the background screening.

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