Investment Associate - Innovation Works, Inc.

Innovation Works, Inc.•Pittsburgh, PA

35d

About The Position

The Investment Associate reports directly to the Chief Investment Officer and plays a key role in supporting Innovation Works investment activities across its portfolio of companies. This position focuses on managing day to day investment transactions, maintaining portfolio and investment data, assisting with follow on investor relationships, and supporting fund operations. The Investment Associate also supports the Managing Directors in managing Innovation Works for profit venture capital fund Riverfront Ventures LLC. Responsibilities include assisting with due diligence on prospective investments, drafting investment memoranda, monitoring portfolio company performance, and supporting investor reporting. In addition, the Investment Associate assists Innovation Works in house Legal Counsel with legal and compliance related tasks involving portfolio companies. This is a key position within Innovation Works and requires a high level of integrity organization judgment and attention to detail. The role provides broad exposure to venture capital transactions due diligence portfolio management and the legal aspects of private equity investing.

Requirements

Bachelor's degree required
Excellent written and verbal communication skills
Strong analytical and quantitative skills
Ability to work with complex spreadsheets, databases, and financial models
Strong organizational skills and attention to detail
Ability to manage multiple priorities and deadlines
Self-starter with initiative and follow-through
High level of personal integrity and strong team orientation

Nice To Haves

A finance, scientific, or technical degree is preferred
Prior experience or familiarity with venture capital startups or entrepreneurial environments preferred
Experience with Salesforce or similar CRM systems preferred

Responsibilities

Maintain Innovation Works portfolio company database including debt equity warrants and other securities
Maintain the master portfolio spreadsheet of external follow on investments
Track portfolio company revenues and financing activity
Model portfolio company transactions including note conversions equity raises repayment plans and acquisitions
Maintain records of cash investments and number of deals by program fiscal year and calendar year updated twice annually
Support the Chief Investment Officer in maintaining relationships with potential follow on investors
Create update and maintain databases of investor contacts
Lead efforts to connect portfolio companies with follow on investors including investor introductions Demo Day participation investor events and roadshows
Assist with investor outreach and relationship management for Riverfront Ventures
Support the investment funnel by preparing board materials coordinating due diligence and supporting deal screening
Manage due diligence for Riverfront Ventures investments
Draft investment memoranda and present to the Riverfront Ventures Investment Committee
Prepare materials for Investment Committee meetings attend meetings record minutes and distribute documentation
Input quarterly investment data into reporting platforms including Moneytree Dow Jones PitchBook CB Insights Preqin Mattermark and Crunchbase
Track and update investment and portfolio company activity in Salesforce
Manage Riverfront Ventures quarterly reporting process
Conduct annual portfolio company valuations as part of the audit process
Create and distribute annual reports on financing trends
Collaborate with EY to produce an annual report on investment and exit activity in the Pittsburgh region
Provide financial support to portfolio companies including projections fundraising strategy and term sheet guidance
Hold regular office hours at AlphaLab and AlphaLab Gear
Support the National Hardware Cup team in securing investor judges
Attend venture angel and industry events
Attend Meet and Greet and Lunch and Learn sessions with investment candidates
Assist Innovation Works in house Legal Counsel with portfolio related legal matters
Support business development and marketing teams with data analysis for grant proposals reports website updates and press materials
Perform other duties as assigned