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Babson College
Executive Director, Kerry Murphy Healey Center for Health Innovation and Entrepreneurship
Wellesley, MA
Nov 2, 2024
Full-time
Full Job Description
The Executive Director of the KMH Center is responsible for working with the Blank School CEO, KMH Center’s team, Advisory Board, the leadership of Babson College and the Kletjian Foundation, Babson faculty and, potentially, non-Babson faculty who affiliate with the Center, and other stakeholders to coordinate all activities of the KMH Center; providing campus leadership for initiatives driving innovation in health and healthcare systems with a focus on unmet needs and underserved markets; developing and implementing programs supporting the education and professional development of personnel involved in innovation in health systems; serving as a global ambassador for the KMH Center; and representing the Center externally.

The Kerry Murphy Healey Center for Health Innovation and Entrepreneurship (KMH Center) is where innovation meets entrepreneurship to achieve health, economic, and social value for all, with a focus on health equity and justice.
The KMH Center has three significant areas of activity that impact a diverse set of stakeholders, including undergraduate and graduate students, Babson alumni, corporations, foundations, and entrepreneurial leaders in the health sector. We define the health sector to include healthcare delivery, medical devices, digital health, and drug development, taking a holistic approach to change in sector practices and policy.

WHAT YOU WILL DO

Provides strategic direction and leadership towards the achievement of the Center’s mission and goals. Oversees the day to day operations of the Center, leads the development and delivery of signature programs, develops and maintains a world-class advisory board, manages the budget, works towards financial sustainability through revenue generation and fundraising efforts, anticipates problems and issues and initiates appropriate action without supervision.

Creates, leads, and maintains a world-class advisory board to support the development and growth of the Center; includes individuals from a variety of backgrounds and fields including impactful alumni, global business leaders, experts in healthcare, life sciences and entrepreneurship, and other appropriate stakeholders that act as a strategic sounding board and guidance provider for the Center.

Partners with appropriate Babson College units (i.e., President’s Office, Academic Affairs, Division Chairs, Undergraduate School, Graduate School, Executive Education, Advancement, College Marketing) to advance shared objectives and integrate technology, AI, innovation and entrepreneurship into all levels of curriculum across the organization.

Works closely with the Advancement team to identify and pursue funding opportunities, and continuously create new ways to engage alumni, parents, sponsors, foundations, and other key stakeholders to help drive giving to the Center. Meets with high-level donors, creates programs for advancement purposes, and develops key relationships to optimize annual giving plans with the goal of having all programming, research, and signature events endowed.

Responsible for ensuring revenue generation and funding sources exceed Center expenses and costs, making the Center self-sustainable.

Works closely with the Faculty Chair and Academic Affairs to identify and pursue grant opportunities that support the mission of KMH.

Designs, develops, and delivers effective and engaging programs, courses, sessions, etc. designed by KMH for students, faculty, staff, alums and external partners. This includes partnering with faculty on multidisciplinary research into all aspects of healthcare and life sciences; creating case studies using real-world examples; creating experiential learning opportunities that can be incorporated into the curriculum and co-curricular programs, activities, and events; teaching, coaching, and serving as the Director of these programs.

Serves as the “voice” of KMH within the internal Babson community and other divisions. Serves as the spokesperson for the Center (and the College as necessary) in external speaking engagements, media relations, public settings, meetings, conferences, and other events where KMH is expected to take a leadership role and share its’ perspective and best practices with the wider entrepreneurial leadership community.

Collaborates with College Marketing to ensuring that communication objectives are reached and appropriate goals for awareness and engagement are met.

Builds relationships with external stakeholder including programs, organizations, academic institutions and associations that align with the Center’s mission and objectives.

Manages the annual budget process as well as P/L, monthly, and quarterly financial updates in order to keep finances stable for the Center and the institution current on its operating budget. Works closely with the Finance team to ensure accountability and oversight for the Center’s budget management process.

Serves as a member of the Blank School Senior Leadership team. Works closely with other members of the team and the CEO to establish best practices and short and long-term strategies for growth to ensure the School remains at the forefront of entrepreneurial leadership.

Leads and develops a high performing team and creates a positive culture of growth and innovation, encouraging an ET&A mentality to continuously improve service and delivery of programs.

Assumes additional responsibilities as required.

YOUR TEAM WILL INCLUDE

Associate Director, KMH

WHAT EDUCATION AND SKILLS YOU WILL NEED

Master’s Degree or Bachelor’s degree and equivalent experience

At least 10-15+ years of healthcare, life sciences or related experience in a leadership role.

Must have experience building and managing high profile new initiatives, ventures, or programs.

Must have strategic opportunity, business development, and competitive assessment experience.

Proven ability to fundraise.

Must have significant personnel management experience.

Must have experience working as part of leadership team and coordinating with internal and external partners.

Must be a self-starter and have the ability to lead and motivate others who are not direct reports.

Must have leadership, judgment, and creative problem-solving experience.

Must have an understanding of international cultures and business practices.

Must have program and project management expertise.

Must have excellent oral and written communication skills.

Strong computer and internet skills including proficiency in Microsoft Office (Word, Excel, PowerPoint).

Must have strong financial, budgetary, presentation, database management, and supervisory skills.

Demonstrated ability to prioritize, manage multiple projects simultaneously, and thrive in a fast-paced entrepreneurial environment.

Ability to work with all constituencies.

Ability to create an environment where direct reports have the freedom and security to take initiative; deal with complexities with resilience, resourcefulness, and optimism; and appreciate open mindedness, creativity, and agility in thought and tactics.

Ability to embrace ideas and changes created by all community members.

Ability to work independently to solve problems; look for opportunities to take on responsibility; take thoughtful risks; and effectively act on new and ongoing initiatives, objectives, and solutions to gain sought-after results.

Ability to anticipate and effectively handle change; demonstrate willingness to try new skills and challenging tasks; and is flexible in changing conditions.

HOW AND WHERE YOU WILL WORK

Must be able to travel domestically and internationally as appropriate to develop new partnerships and to represent the Center.

ADDITIONAL SKILLS YOU MAY HAVE

PhD preferred.

PDN-9d63b015-4df3-42a6-9eb9-6a21222f5a22
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Executive Director, Kerry Murphy Healey Center for Health Innovation and Entrepreneurship
Babson College
Wellesley, MA
Nov 2, 2024
Full-time
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