Saturn Five - Operating Partner

Trinity Park Talent Opportunities•Quinte West, ON

5d•Hybrid

About The Position

Saturn Five is a long-term-hold investment firm focused on buying and operating some of the best small businesses in America. We are, technically, a lower-middle-market private equity company, but we're a bit different. We buy and hold our investments for the long term, and we invest in companies that we're proud of, but most of the private equity market isn't interested in. If you love the impact of well-run businesses and want to play a key role in helping these companies thrive, we may have a seat for you. You can learn more about Saturn Five in our Annual Letters. The Role: Operating Partner Operating Partners are Saturn Five's primary connective tissue between our funds and the portfolio companies. An Operating Partner works one-on-one with our CEOs and engages with their leadership teams to guide and support them, to monitor our investments, and to help direct key activities like distributions, strategic decisions and large capital expenditures. Think of this as a hands-on board member role. You’ll engage with three to six of our portfolio companies from the onboarding stage to steady state, and support them at key inflection points. The Operating Partner ensures there’s a regular cadence with the portfolio company leadership: from regular check-ins, to monthly financial reviews, quarterly goal-setting, and annual planning and budgeting. In addition, the Operating Partner is responsible for hiring and onboarding portfolio company CEOs as need arises.

Requirements

An undergraduate degree in Business, Finance, or a related field; an MBA or other relevant graduate degree is a plus
10+ years of post-undergrad work experience, with a broad base of business and leadership experience, including hands-on operating experience as a business owner or leader in a SMB with P&L responsibility; experience successfully scaling and exiting a SMB is a plus
Solid financial acumen, knowledge of general finance and budgeting, including profit and loss, balance sheet and cash flow management
Functional expertise in one or more of the following: corporate finance, sales management, digital marketing, safety, insurance and risk management, human resources, M&A, succession planning, incentive compensation, blue collar hiring programs, EOS implementation, etc.
Facility with strategic planning, metrics and management rhythms
Emotional intelligence to support leaders and organizations through strategic milestones and day-to-day battles
Comfort with being on-site with blue-collar portfolio companies, sometimes out-of-state, and often quite intensively (every week to every-other-week) the first few months post-acquisition
Excellent verbal, written and presentation skills with the ability to communicate effectively at all levels
Unquestionable integrity and ethics

Nice To Haves

Domain expertise in service businesses, manufacturing, specialty contracting, materials distribution, private equity, or early-stage investing is a plus

Responsibilities

Transition new investments into the Saturn Five ecosystem, including managing transition of banking, insurance, payroll, and internal management systems of the new entities, either through Asset or Stock Purchase Agreements
Quickly gain domain expertise in your portfolio companies' respective industries, identifying 'who we need to know' in a given industry and how Saturn Five can be most immediately helpful to new acquisitions at a strategic level
Jump in to assist portfolio company leaders with key initiatives - negotiating a new contract, developing and coaching on a hiring plan for a key management role, helping identify new vendors for a critical project, or managing bank permissions and authorities
Coach, mentor, and assess company senior leadership
Lead CEO/President/GM hiring processes when sellers retire or a leader needs to be replaced
Assist portco leaders in the creation and refinement of Annual Operating Plans and Annual Budgets
Lead Weekly Metrics calls and Monthly Book Reviews with portco leadership on an iterative journey towards data-driven management
Design senior and second-level-leader compensation and incentive programs for individual portcos
Roll out the Saturn Five Way (an EOS-informed small business operating system) at new and existing portfolio companies
Project targeted quarterly distributions and support portco leaders to achieve targeted results