Associate, Ventures

CVS Health•New York, NY

6d•$101,970 - $203,940•Remote

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. The Associate, CVS Health Ventures, will have accountability for mid and late-stage venture investments in CVS Health Ventures’ dedicated growth equity fund. As well as working collaboratively with our early-stage venture fund, and other cross-team team goals focused on broader enterprise innovation support and value-add activities. Responsibilities will include managing the end-to-end deal process as well as continued portfolio and relationship management. Additionally, they will be responsible for ongoing support across the full Ventures team platform in the following ways: Diligence: The Associate will manage the deal diligence process. The individual will be primary driver of financial modelling, memo development and communicate and build consensus with principals and partners on the team. They will have the ability to drive the end-to-end process in preparing executive level materials to persuade investment decisions. Sourcing: The Associate will be expected to identify new investment themes, manage thesis development process and, qualify specific sourcing opportunities to determine fit against CVS Health Ventures criteria and help the team “win the deal.” They will be responsible for representing CVS Health Ventures in external forums and building connections to the rapidly evolving external healthcare environment, proactively identifying opportunities to accelerate growth and innovation, and delivering against specific opportunities through investments and supporting partnerships. Execution: The Associate will be a key representative on behalf of the team to both start-up leadership and internal business units Portfolio Support: The Associate will represent CVS Health Ventures in supporting team member board director and observer seats, helping with portfolio companies to provide “value-add” activities. These activities could include evaluating debt opportunities, follow-on capital raise, and M&A. Additionally, the Associate will be responsible for developing and communicating strategic insights which will support investment thesis development and strategic communication with internal CVS Health business units. This role will partner with senior leaders (Exec. Director/VP) to identify and explore strategic investment areas that will enhance our existing capabilities or enable new products/services. The Associate will have influence on CVS Health business strategies through relationships at these senior levels and demonstration of strong expertise in digital health and health care innovation. The Associate will work collaboratively with peers to execute on behalf of the program goals. They will also help ensure a successful team culture. Overall, the Associate will hold a key position within the broader CVS Health Ventures strategy in ensuring success of the growth equity investment program.

Requirements

3+ years of experience (excluding internships) in business roles-corporate development, venture capital/private equity or investment banking
2+ years of experience evaluating and supporting strategic relationships and/or investments
Experience with financial modeling and data analysis, including proficiency with Microsoft Excel and Microsoft PowerPoint
Bachelor's Degree or equivalent work experience required

Nice To Haves

Experience evaluating and executing venture capital and/or growth equity private company investments.
Investment banking experience.
Strong communicator, both verbal and written, with the ability to influence across functions at all levels of an organization.
Strong executive level presentation skills, with experience developing compelling presentations that distill complex data, market trends, and investment insights into clear, concise, and actionable messaging for senior executives including familiarity with Microsoft PowerPoint.
Demonstrates high level of independent judgment and proactivity.
Financial analysis skills in a venture capital setting, including familiarity with Microsoft Excel.
Highly organized and able to provide positive leadership across multiple work streams in a fast-paced, complex working environment that can be ambiguous at times.
Experience leading and collaborating in high performing teams.
Validated project management skills with an emphasis on integrating multiple work outputs into a unified deliverable.
Demonstrated collaborative work style with ability to work and across diverse teams.

Responsibilities

Manage the deal diligence process, including financial modeling, memo development, and building consensus with principals and partners.
Drive the end-to-end process in preparing executive-level materials to persuade investment decisions.
Identify new investment themes, manage thesis development, and qualify sourcing opportunities against CVS Health Ventures criteria.
Represent CVS Health Ventures in external forums and build connections to the healthcare environment.
Proactively identify opportunities to accelerate growth and innovation through investments and supporting partnerships.
Act as a key representative to both start-up leadership and internal business units.
Represent CVS Health Ventures in supporting team member board director and observer seats.
Assist portfolio companies with value-add activities such as evaluating debt opportunities, follow-on capital raises, and M&A.
Develop and communicate strategic insights to support investment thesis development and strategic communication with internal CVS Health business units.
Partner with senior leaders to identify and explore strategic investment areas.
Collaborate with peers to execute on behalf of program goals.
Help ensure a successful team culture.