Senior Associate

Novo Holdings; Boston (MA); On-site; USD 150,000 - 230,000; Full time

Job summary

Novo Holdings seeks a Senior Associate to join the Venture Investments team in its Boston office, focusing on preclinical and clinical biotech opportunities and high-growth medical technology. You will analyze opportunities, perform due diligence, and contribute to portfolio management with cross-functional teams across geographies.

The role emphasizes scientific rigor, financial modeling, and collaboration with KOLs, physicians, and industry partners to drive long-term value for Novo Holdings

Qualifications

• Strong scientific/clinical background with terminal degree.
• Senior Associate requires minimum 4 years in consulting or investing.
• Proficiency in financial statement analysis, accounting, and modeling.
• Experience using industry databases like Citeline and PitchBook.

Responsibilities

• Originating and analyzing private and public equity investments.
• Perform due diligence: review papers, materials, and competitive landscape.
• Prepare investment materials to guide decisions for potential investments.
• Monitor private investments and attend relevant conferences.

Skills

Biotech investment analysis

Due diligence

Financial modeling

KOL/stakeholder engagement

Cross-functional collaboration

Education

Ph.D. in life sciences

M.D. degree

Tools

Citeline

PitchBook

Industry databases

Job description

Novo Holdings is seeking a Senior Associate to join the Venture Investments team in its Boston office.

Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people's health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.

Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk and Novonesis and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seeds, Venture, and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development. As of year-end 2025, Novo Holdings had Total Assets under Management of DKK 694 bn (EUR 93 bn).

Requirements

You will be part of our Venture Investments team responsible for originating, analyzing and managing Novo Holdings’ global private and public equity investments. Efforts in this area are primarily focused on preclinical and clinical stage biotechnology and high growth revenue stage medical technology opportunities. Responsibilities include:

• Assessment of investment opportunities based on the clinical unmet need they are addressing, supporting scientific validation, strength of management teams, clinical development plans, regulatory outlook, commercial opportunities, intellectual property, competitive landscape and valuation.
• Conduct primary due diligence of new investment opportunities, which can include:
• An in-depth review of relevant scientific and clinical publications
• Review and distillation of company provided materials
• Competitive landscape analysis
• Calls with KOLs, physicians, payers and other relevant experts
• Prepare and present investment materials and supporting documentation to guide potential investments
• Monitor and assist with management of private investments
• Attend scientific and broker conferences
• Assist in operations and other ad hoc tasks to support portfolio management
• Collaborate with other areas of the organization to support other Novo Holdings activities

Professional Qualifications

We are seeking a candidate with:

• A strong scientific and/or clinical background, with a Ph.D. in the life sciences or an M.D.
• Senior Associate applicants must have a minimum of 4 years industry experience in consulting or investing (e.g. you've looked at companies)
• Proficiency with financial statement analysis, accounting, and financial modeling
• Experience working with industry databases (e.g. Citeline, Pitchbook), libraries and other data sources to assist in researching companies, clinical trials, competitive positioning, and commercial opportunities is preferred

Personal Qualifications

• Strong work ethic
• Ability to work with cross cultural / multi-office teams
• Team player
• Passion for healthcare investing
• Organized and detail-oriented, with a demonstrated ability to multi-task

Working at Novo Holdings

At Novo Holdings, we are committed to developing our internal talent and have a long track record of promotion to the senior levels of our team. We offer a truly diversified life science investment platform with the ability to invest from seed NewCo formation to the public markets with a focus on therapeutics and medtech opportunities. Our size, evergreen platform, and diversification across sector, stage and geography (locations in the US and Europe) provides an excellent training ground for venture career development.

We have a respectful and collaborative work culture where everyone's opinion is valued. We are committed to diversity, equity, and inclusion. We welcome and celebrate individuals of all backgrounds, orientations, and identities.