Director, Acquisitions

Shoppers Drug Mart; Toronto; On-site; CAD 80,000 - 130,000; Full time

Job summary

An established industry player in health and wellness is seeking a Director of Acquisitions to lead strategic growth initiatives. This pivotal role involves collaborating with various teams to analyze acquisition opportunities, ensuring alignment with business goals. The ideal candidate will possess extensive experience in business development within fast-paced environments and demonstrate strong leadership and analytical skills. Join a dynamic team dedicated to innovation and excellence, where your contributions will significantly impact the future of healthcare in Canada. If you're a proactive leader ready to drive change, this opportunity is for you.

Benefits

Purchase discount program

Competitive pay

Online learning through Academy

Qualifications

• 10+ years experience in strategy and/or business development roles.
• Proven ability to manage multiple projects and deadlines effectively.

Responsibilities

• Assist field acquisition colleagues in maintaining a pipeline of opportunities.
• Analyze complex data related to acquisitions and divestitures.

Skills

Project Management

Strategic Planning

Business Development

Negotiation

Analytical Skills

Leadership

Communication Skills

Organizational Skills

Education

University degree in business, economics, healthcare, or related field

Advanced degree preferred

Tools

MS Office (Excel, Word, PowerPoint, Teams, SharePoint, Outlook)

Job description

Location:

243 Consumers Road, Toronto, Ontario, M2J 4W8

At Shoppers Drug Mart, we’re innovating health and wellness in Canada. From prescriptions to walk-in clinics, and a beloved loyalty program, we’re caring and supporting our customers in new ways every day.
With more than 1,300 locally owned and operated stores from coast to coast, the Shoppers Drug Mart network is more than a great place to shop, it’s a great place to work. We’re committed to building our talented team who champion collaboration, kindness and inclusivity. Join our team, and help recognize a healthy future for your career and for all Canadians.

Why this role is important?

Reporting to the Senior Director, Acquisitions & Business Development, the Director Acquisitions is responsible for the day-to-day planning and strategy of Acquisitions at Shoppers Drug Mart. The incumbent is responsible for providing direction to real estate, finance, legal and acquisition colleagues, to name a few, in developing sound processes, controls, and audit procedures that grow and expand strategic acquisitions in the company.

This role will play an important role in executing the growth and expansion Shoppers, working closely with senior leaders across the Enterprise.

Job Overview & Responsibilities

In collaboration with our subject matter experts from real estate and finance, the Director, Acquisitions has the responsibility to:

• Assist field acquisition colleagues with maintaining a pipeline of opportunities
• Facilitate the process to purchase strategically important opportunities
• Report on the performance of all transactions to various internal stakeholders
• Analyze complex data related to select acquisitions and divestitures and determine the financial, operational and strategic fit within Shoppers
• Work with M&A team members, operations, and functional areas to increase value by making recommendations based on value drivers and value destroyers discovered during analysis and diligence of these strategic transactions.
• Prepare analysis to support weekly/monthly/quarterly reporting and post deal analysis to provide recommendations to both team members and operations with regards to tracking deal close milestones, including IT and Operational activities
• Monitor and evaluate the performance of acquisitions to ensure that business and commercial targets are being achieved and incorporated into future strategic planning
• Prepare presentations on historical deal analysis, trends, risk and returns
• Participate in due diligence reviews and provide detailed information and analysis from potential stores to be acquired including key facts/risks for discussion and mitigation as required
• Proactively identify, prioritize and optimize process improvements of acquired stores
• Provide onboarding support for the first few weeks of acquisitions to ensure transition and conversion activities from a pharmacy systems and operations perspective is achieved
• Develop, maintain and continuously improve tools used in acquisition processes
• Coach, mentor, and train staff including reviewing work of other analysts, including field reps

Qualifications

• University degree in business, economics, healthcare, pharmacy or related field with an advanced degree preferred
• Project Management experience required (PMP an asset)
• 10+ years experience in strategy and/or business development roles within large, fast-paced organizations in healthcare, pharmaceutical and/or retail pharmacy
• Demonstrated experience adding transformational value to businesses, projects and teams
• Proactive and self-driven with a high degree of discipline and organizational skills is required to manage numerous overlapping projects and deadlines.
• Superior organizational and time management skills with a strong attention to detail.
• Demonstrated experience with leading teams and organizing diverse functions to drive key business results
• Proficient at delivering results in high-pressure, high-stakes environments with the ability to set priorities and meet multiple challenging deadlines at the same time
• Strong thought leadership, intuition for business, tact and influence to lead in a matrix environment and work with diverse personalities and styles
• A creative thinker who is comfortable working with ambiguity, ability to multi-task, prioritize workload and work in a fast paced environment
• Experience negotiating partnerships and managing contracts and partner relationships with effectiveness
• Superior verbal and written communications skills to effectively synthesize and present persuasive presentations/documents at the Executive level and create agreement at all levels of the organization
• Advanced computer skills required in MS Office (Excel, Word, PowerPoint, Teams, SharePoint, Outlook, etc.)
• Ability to travel, when needed

Why work at Shoppers Drug Mart?

Acting as consultants, supporting internal customers and the Associate-Owners, you will get experience unique to the retail industry while working for an award-winning national brand. Benefit from a purchase discount program, competitive pay and online learning through Academy.

Take ownership of your work and find more ways to care about your work, co-workers, customers and community.

How You’ll Succeed:

At Shoppers Drug Mart Inc., we seek great people to continually strengthen our culture. We believe great people model our values, are authentic, build trust and make connections.

If that sounds like you, and you are open-minded, responsive to change and up to the challenges provided in a fast-paced retail environment, apply today.

Employment Type:

Full time

Type of Role:

Regular

Shoppers Drug Mart Inc. recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the products we sell, the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants with disabilities in the recruitment and assessment process and when hired.

In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.

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