Staff VP Corporate Development M&A

Anticipated End Date:

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Job Description:

Staff VP Corporate Development M&A

Location:   May be located in any Elevance Health PulsePoint office preferably in New York, NY, Indianapolis, IN, Chicago, IL, Atlanta, GA, Mason, OH, Richmond, VA.

This role requires associates to be in-office at least 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered.  Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

Summary

The Staff Vice President, Corporate Development Mergers & Acquisitions is a senior enterprise leader responsible for identifying, evaluating, and executing inorganic growth opportunities that drive long-term enterprise value. This role leads mergers, acquisitions, divestitures, and strategic partnerships across priority growth areas, while serving as a trusted advisor to executive leadership and business unit heads. The leader will partner closely with Finance, Strategy, Legal, Operations, and business leaders to ensure transactions are strategically aligned, rigorously evaluated, and successfully integrated to deliver sustained financial and operational outcomes. Beyond deal execution, this role plays a critical part in strengthening enterprise connectivity, advancing post-close value realization, and continuously improving M&A capabilities through process innovation and technology enablement

Team Scope 8+

Position Responsibilities

Enterprise Growth & Strategy

• Identify, define, and advance inorganic growth opportunities aligned to enterprise strategy and long-term growth priorities.

• Partner with business unit leaders to shape strategic growth plans, identify white-space opportunities, and source transactions across priority verticals.

• Evaluate potential mergers, acquisitions, divestitures, and partnerships, including strategic rationale, financial impact, risk profile, and value creation potential.

• Serve as a thought partner to executive leadership on capital allocation, portfolio strategy, and growth trade-offs.

Mergers, Acquisitions & Divestitures

• Lead end-to-end M&A execution, including target identification, diligence, valuation, deal structuring, negotiation, and closing.

• Act as a senior contributor in negotiations, working closely with internal and external stakeholders to achieve favorable outcomes.

• Develop and oversee financial models, including deal models and scenario analyses, to support investment decisions.

• Present transaction recommendations, progress updates, and post-close performance to executive committees, including M&A and Finance Committees.

Post-Transaction Value Realization

• Remain actively engaged post-close to support integration, value realization, and performance tracking.

• Partner with business leaders to build bottoms-up operating models and bridge post-close performance back to original deal assumptions.

• Proactively track, assess, and communicate performance of acquired businesses, highlighting risks, opportunities, and key insights.

• Maintain connectivity across internal stakeholders who contributed to deal diligence and assumptions, ensuring continuity from transaction to execution.

Enterprise Collaboration & Relationship Management

• Build and maintain strong, trusted relationships with business unit leaders and key enterprise partners.

• Expand connectivity with subject matter experts across Finance, Operations, Technology, Legal, HR, and other enabling functions.

• Serve as a central connector between the M&A function and the broader enterprise, fostering transparency, alignment, and shared accountability for outcomes.

Process Excellence & Innovation

• Continuously improve M&A processes, governance, and reporting to increase speed, rigor, and scalability.

• Streamline internal workflows to reduce manual effort and unnecessary complexity.

• Leverage data, analytics, and emerging AI tools to enhance diligence, modeling, reporting, and decision-making.

• Reduce or eliminate low-value internal and external meetings while improving clarity, outcomes, and executive readiness.

People Leadership & Capability Building

• Lead, develop, and empower a high-performing corporate development team.

• Set clear expectations, coach and mentor leaders, and build strong succession and bench strength.

• Allocate resources effectively to support both transaction execution and post-close integration needs.

• Foster a collaborative, inclusive, and results-oriented team culture.

Leadership Impact

This role is a visible enterprise leader who:

• Shapes the organization’s growth trajectory through disciplined, value-driven M&A.

• Elevates enterprise collaboration by connecting strategy, finance, and operations through the full deal lifecycle.

• Strengthens post-close execution and accountability to ensure transactions deliver on their promise.

• Modernizes the corporate development function through process optimization and intelligent use of technology.

Position Requirements

• Requires an MBA and a minimum of 10 years of M&A experience, investment banking experience; or any combination of education and experience, which would provide an equivalent background.

• Proven track record leading complex, high-value M&A transactions from strategy through integration.

Preferred Skills, Capabilities and Experiences

• Healthcare Industry M&A experience

• Experience operating in large, highly matrixed organizations; healthcare, insurance, or regulated industry experience strongly preferred.

• Demonstrated ability to partner with senior executives and influence across functions.

• Strong financial acumen, strategic judgment, and executive communication skills.

• Experience building and leading high-performing teams.

• Experience working for a investment banking and/or private equity Mergers & Acquisitions.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $244,024 to $399,168.

Locations: Illinois, New York, Virginia

In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company.  The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

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Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.

NOTE: Workday keeps job postings active through 11:59:59 PM on the day before the listed end date. Example: If the end date is 3/13, the posting will automatically come down on 3/12 at 11:59:59 PM. In other words — the job is posted until 3/13, not through 3/13.