Health Markets Executive, MedAccess (London or Brighton, UK)

Team: Investment

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 24 June 2018

Health Markets Executive, MedAccess (London or Brighton, UK)

 

Background to MedAccess and CDC

 

MedAccess is a social finance company that ensures medical products and services are more widely available at lower prices, particularly in Africa and South Asia.   Established in November 2017 with an initial investment of $200 million from CDC Group Plc (CDC), MedAccess is now recruiting a high-quality team with specialist skills in structured finance, risk quantification, and global health.  Following evidence of early successful guarantees, the capital base is expected to increase by at least 5x in the first few years.

 

Many people in Africa and South Asia lack access to safe and affordable medicines. MedAccess aims to tackle that challenge by helping to make global markets work more effectively.   The organization negotiates price ceiling guarantees, reduces the business risks associated with supplying medicines, and collaborates closely with governments and development agencies to increase access to safe and affordable medicines in-country.  Evidence shows that guarantees can immediately reduce prices by at least 50% through reducing manufacturers’ risk of long-run, efficient production. 

 

MedAccess’ work covers vaccines, medicines, diagnostic tests, and medical devices for both communicable and non-communicable diseases.   Its involvement aims to smooth supply volatility, bring new products into use more quickly, and reduce costs while increasing access to life-saving products.  The aim is to create long lasting changes in markets so that increased access and price reductions persist far beyond the expiry of a guarantee.

 

MedAccess is a UK company governed by an independent board, and will use the highest quality commercial and financial rigour to create significant development impact.  The financial objective is capital preservation and will be achieved through the team’s expertise in assessing and structuring each guarantee and through charging manufacturers a small fee. All income will be reinvested into MedAccess to maximise benefits for patients.  

 

MedAccess’ parent company, CDC, is the world’s oldest development finance institution (DFI), founded in 1948. Our mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.   As a DFI, we can take a flexible and patient approach because value creation in our markets often takes many years to materialise.   CDC is wholly owned by the UK Government’s Department for International Development (DFID) and plays a key role in DFID’s private sector strategy to alleviate poverty. 

For further information on CDC, see www.cdcgroup.com

 

Role Purpose

 

As a member of deal teams and a global health expert, work closely with other global health and investment professionals to identify, diligence, and advance new deal opportunities through the investment process and to support post-deal monitoring.  This role reports to the CTO, Colleen Connell. 

 

Key Responsibilities

 

Support global health market research

  • Develop an understanding of global market dynamics for various products and disease areas
  • Map various global health markets to identify market inefficiencies and barriers to access
  • Create analyses, presentations, and reports that inform the MedAccess team on global health trends, new developments in the markets of medical supplies, and the international financing of global health procurement
  • Identify market barriers and determine if volume guarantees can improve access and affordability
  • Develop and maintain global health relationships

 

Build MedAccess pipeline

  • Collect and synthesize large amounts of market information to identify potential pipeline opportunities
  • Stay abreast of new health products and trends and identify potential pipeline candidates
  • Cultivate relationships with suppliers to identify new products with significant public health impact
  • Develop/maintain a network of relevant contacts including with ministries of health, international public health organisations, market-shaping implementers, and the pharmaceutical industry working in Africa and South Asia

 

Evaluate and execute new investment opportunities 

  • Build market forecast models including volume scenario analyses
  • Provide global health perspective to deal teams. Support deal team with market intelligence and advise on how market trends influence risk models
  • Contribute to investment memo development
  • Contribute to due diligence on market shaping opportunities including financial, commercial, legal, environmental and social, development impact and business integrity aspects

Portfolio monitoring

  • Visit countries and implementing partners critical to MedAccess deals to ensure progress and compliance with deal terms
  • Review supplier performance and guarantee compliance
  • Collect supplier and other partner data to track quarterly volumes, vet for accuracy, and produce or revise forecasts
  • Produce periodic monitoring reports for senior leadership
  • Monitor compliance of various deals
  • Identify any breaches and work proactively with suppliers, donors, and partners to remedy the situation

 

Background

 

  • At least three years of experience at a top-tier strategy consulting firm
  • Experience in an international environment, ideally some which is in Africa or South Asia
  • Direct experience analysing global markets and identifying new opportunities
  • Proven track record of market or product analysis
  • Demonstrated expertise in one or more of the following: financial modelling, management consulting, market analysis, strategic cost reduction
  • Knowledge of emerging markets financial institutions, including the Global Fund, GAVI, the World Bank, bilateral donors, and philanthropic Foundations
  • University degree (s) in business or economics; preference for Masters of Business Administration (MBA) or MBA/Masters of Public Health joint degree
  • Demonstrable alignment with MedAccess mandate, mission and values

 

Personal Skills

 

Communication: Appropriate written/verbal communication to effectively carry out role   

 

Team Working: Collaboration with own team and other employees

 

Results Focus: Drive to achieve objectives/results

 

Creative: Innovative approaches to problem solving         

 

Intellectually Curious: Personal desire and interest to learn new things and explore new challenges

 

Analytical: Ability to digest large amounts of information and capture key themes      

 

Technical Skills

 

  • Excellent market analysis and modelling skills
  • Ability to research and synthesize large amounts of information quickly
  • Strong problem-solving and logical structuring skills
  • Strong understanding of diligence processes, financial terms, legal terms
  • Outstanding written and verbal communication skills particularly through memos and slide presentations
  • Thorough product knowledge and understanding of market practice
  • Excellent computer skills including Office suite

 

Location

 

The role is based in London or Brighton and requires significant travel (greater than 30%.)

 

Please submit a cover letter with your application.

Posted on: 25 May 2018

Closing on: 24 June 2018

Salary: competitive

 

 

 

Apply now