Managing Director, Social Impact Fund

American Heart Association•Los Angeles, CA

1d•Remote

About The Position

Since our founding in 1924, we've cut cardiovascular disease deaths in half, but there is still so much more to do. To overcome today’s biggest health challenges and accelerate this progress, we need passionate individuals like you. Join our movement, be part of the progress, and help ensure a healthier future for all. You matter, and so does the impact you can make with us. We are currently hiring for a Managing Director, Social Impact Fund in our Ventures department. The selected candidate's location is flexible, provided it allows for effective, cost-efficient travel. The Association’s Social Impact Funds (including the Bernard J. Tyson) and a set of related Funds – collectively, “SIF”) comprise a social impact venture fund with a mission to improve the health and well-being of individuals by addressing key social determinants of health. The SIF invests in a variety of organizations dedicated to improving and addressing health, health access, economic resilience, food insecurity and other social challenges that can stand in the way of good health. The SIFs invest in for-profit companies through equity and debt instruments, and also support a variety of non-profit entities through grants and loans. The primary goal of the SIF is to make a meaningful impact on the lives and health of underserved populations throughout the United States by supporting equitable, balanced entrepreneurial innovations. The Association offers many resources to help you maintain work-life harmonization through your changing needs and life situations. To help you be successful, you will have access to Heart U, our award-winning corporate university, as well as additional training and support, locally. #TheAHALife is more than a company culture; it is our way of life. It embodies our commitment to work-life harmonization and is guided by our core values where our employees can thrive both personally and professionally. Discover why you will Be Seen. Be Heard. Be Valued at the American Heart Association by following us on LinkedIn, Instagram, Facebook, X, and at heart.jobs.

Requirements

Must possess a minimum of eight (8) years of experience: Social Impact investing and venture capital and/or similar expertise with a consistent record of success in achieving impact.
Building and negotiating partnerships and alliances.
Collaborating with executives, steering committees, and authority advisors.
Entrepreneurial or start-up experience.
Minimum of seven (7) years of supervisory experience.
Must have a solid understanding of the social determinants of health and a commitment to promoting health.
Must have a strong working knowledge of evolving business models, financial models, and impact investing tools and instruments (equity, debt, grantmaking, PRI, etc), as well as basic business financials.
Exceptional communication skills are essential: must have the ability and savvy to successfully engage with high-level leaders, portfolio company CEOs, investor community members, other stakeholders, fundraisers, and media.
Supervisory experience managing direct reports and external consultants. In addition, must have a successful track record working in a “matrixed” management environment.
Relationship-building, partnership development, and program implementation and measurement experience are essential.
Highly organized manager with excellent interpersonal and project management skills.
Highly detailed, mission-focused, and team-oriented.
Exceptional ability to produce high-quality quantitative and qualitative work products under tight deadlines.
Travel is required (at least 25%), local and overnight stay.

Nice To Haves

Fundraising and/or business development experience preferred.
Ideally, will possess an existing network of social investors (institutional or individual) and be willing to leverage for the benefit of the program.

Responsibilities

Lead the operation and team of a key unit of the Association's Ventures, ensuring the financial efficacy, mission-delivery, and entrepreneurial evolution of this evolving entity within the Association; Responsible for applying a consistent track record of success to developing new, creative, out-of-the-box strategies and solutions for complex problems.
Establish, organize, and facilitate: (1) governance and operating models, (2) investment strategies, (3) prospecting, cultivating, and deal flow generation; (4) due diligence activities, (5) peer review process, and (6) portfolio management.
Drive the strategy of the Fund to improve the health and well-being of individuals in under-resourced communities, addressing the social determinants of health.
Focus on external market trends and community solutions and possessing the ability to communicate market trends to internal and external stakeholders.
Convene and help to facilitate key volunteers and stakeholders as necessary in the business of the Fund; maximize meeting time utilization, ensuring meeting objectives are met, and lead to desired outcomes.
Establish, track, and oversee a broad spectrum of external outreach with a focus on the existing and prospective portfolio of grants/loans, provide thought leadership to enable stewardship of donors, and key stakeholders central to productive localized relationships.
Oversee collaboration, integration, and accountability with Chief Executives, Social Impact Fund Governance Committee, the Association's Board of Directors, and volunteer Business Solutions Oversight Committee on business and mission impact, achievement of milestones, and strategic plans. Develop short-term and long-term strategies and is responsible for overall implementation and outcomes.
Collaborate closely with the Association’s Center for Health Metrics and Evaluation to develop and track all key performance indicators (KPIs) and metrics for success, ensuring, appropriate process and outcome evaluation mechanisms are in place and reported out in a timely manner.
Local community experience in working with multiple partners to bring sustainable solutions to populations in greatest need.
Coordinate and execute a range of projects: Track and support the execution of the disparate and various projects required to launch and sustain the Funds successfully.
Represent the Association's Social Impact Funds with sound judgment and integrity both internally and externally.
Identify potential issues proactively: Timely escalation and resolution of mission-critical developments in a fast-moving environment.
Continuing to drive growth and impact of the Funds: with a positive and problem-solving attitude, tackling a range of projects and issues as they arise in the dynamic and evolving start-up environment. Developing a diverse portfolio of sustainable and scalable community solutions.
Further evolve/develop and execute a marketing strategy in order to raise awareness of the Social Impact Funds and the Association's efforts to improve the health of communities, as well as drive participation from potential community partners and funders.
Must successfully lead a growing team as well as demonstrate leadership and agility in engagement of the community strategy managers, and “matrix” management within the Association is a requirement.
Must successfully collaborate with business development and fundraising staff to build relationships and assist in the acquisition of additional financial support for the Association Social Impact Funds.
Lead implementation of operational plan, including hiring, developing, and motivating key leadership roles to execute and manage business, partnerships, and market penetration.
Develop models for partnerships and key stakeholder involvement for structure, planning, and financial investment. Researches, identifies, and recruits partner(s).

Benefits

Compensation – Our goal is to ensure you have a competitive base salary. That’s why we regularly review the market value of jobs and make adjustments, as needed.
Performance and Recognition – You are rewarded for achieving success through annual salary planning and incentive programs; this position is incentive eligible with the potential to earn an incentive up to 22% of your base pay. The potential incentive is based on achieving certain revenue targets and triggers.
Benefits – We offer a wide array of benefits including medical, dental, vision, disability, and life insurance, along with a robust retirement program that includes an employer match and automatic contribution. As a mark of our commitment to employee well-being, we also offer an employee assistance program, employee wellness program and telemedicine, and medical consultation.
Professional Development – You can join one of our many Employee Resource Groups (ERG) or be a mentor/mentee in our professional mentoring program. Heart U is the Association’s national online university, with more than 100,000 resources designed to meet your needs and busy schedule.
Work-Life Harmonization – The Association offers Paid Time Off (PTO) at a minimum of 16 days per year for new employees. The number of days will increase based on seniority level. You will also have a total of 12 paid holidays off each year, which includes several days off at the end of the year.
Tuition Assistance - We support the career development of all employees. This program provides financial assistance to employees who wish to further their education and career in relation to their current duties and responsibilities, or for potential future positions in the organization.

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