Partner, Portfolio

New Profit•Boston, MA

22h•Remote

About The Position

New Profit is a venture philanthropy organization that catalyzes the impact of social entrepreneurs who are expanding access and opportunity in America. We provide capital, capacity, and community to a portfolio of nonprofit organizations to increase their impact, scale, and sustainability. We partner with social entrepreneurs, philanthropists, and cross-sector leaders to shift how the philanthropic sector pursues social change and ensures that everyone in America can thrive. Since 1998, New Profit has invested over $350M of unrestricted grants in 275+ high-impact organizations serving more than 35 million people in all 50 states. Learn more at www.newprofit.org. New Profit stands shoulder-to-shoulder with social entrepreneurs in support of their vision, with a specific focus on helping them build the capacity of their organizations in four areas: 1) Impact; 2) Equity & Proximity; 3) Adaptive Leadership; and 4) Sustainability. We provide three levels of funding and strategic support to organizations in our portfolio: Catalyze Investments; Build Investments; and Transform Investments. Catalyze Investments: Through our Catalyze Investments, we provide grantee-partners $50K-$100K in unrestricted grants, strategic advice, and a peer learning community over one to two years (through a cohort-based model) to catalyze the innovations of organizations with leaders and focus areas that have been historically underinvested in by philanthropy. Build Investments: Through our Build Investments, we provide grantee-partners a $1.5M+ multi-year, unrestricted grant and deep advisory support. A dedicated New Profit Deal Partner serves as a trusted advisor to the social entrepreneur and as a member of the organization’s board of directors. Our support is geared towards building the leadership capacity of social entrepreneurs, boards, and senior teams and their ability to make strategic choices as they navigate change and growth. Transform Investments: Through our Transform Investments, we provide grantee-partners $3M in multi-year unrestricted grants, and advisory support from a dedicated Deal Partner for organizations navigating inflection points in their growth.

Requirements

10-15 years of experience
Demonstrated passion for and commitment to New Profit’s mission through leadership experience in high-growth, entrepreneurial organizations; experience driving organizational change and transformation
Demonstrated experience with the communities served by our nonprofit partners, and a commitment to proximity—prioritizing the insights, leadership, and lived experience of people closest to the issues.
Deep experience advising and supporting CEOs / Executives in achieving their vision (strategy, leadership, operations, etc.)
Experience leading teams and bringing a solutions-driven approach to complex projects in an entrepreneurial, fast-paced environment; ability to set goals and priorities, facilitate decisions, and manage others and resources effectively
Demonstrated experience building and managing professional relationships and coaching and developing talent; a collegial and team-building approach that puts others at ease and engenders trust
The ability to actively listen, with an appreciation for nuance in communication; a consultative stance
Outstanding analytical skills; demonstrated ability to quickly assess situations, identify trends, develop solutions, and translate insights into high-level guidance and tactical execution
Excellent verbal and written communication skills, with the ability to represent New Profit and its portfolio organizations in a professional, engaging, and dynamic manner
A curious, and creative intellect; professional style that includes flexibility, evenness, and a sense of humor
Relentless customer orientation and an eagerness to “roll-up one’s sleeves” and take on the full range of activities required to succeed as a team
Strong learning orientation; the ability to learn and grow from mistakes and the desire to constantly improve and adapt
Entrepreneurial mindset and an ability to design and execute consistently on innovations, processes and practice areas
Applicants must be currently authorized to work in the United States for any employer.

Nice To Haves

Experience supporting leaders and organizations in the areas of Economic Mobility and Democracy preferred
Service on boards of high growth nonprofits preferred
Illustrative list of roles often held by Deal Partners prior to New Profit: Social Entrepreneur, Management Consultant, Philanthropist, and Seasoned Executive

Responsibilities

Manage a small portfolio of investments - likely 4+ Build and/or Transform investments.
Work directly with the social entrepreneur (typically the CEO of the grantee-partner) and the grantee-partner’s board of directors.
Serve as a Strategic Advisor & Project Lead: Align with and support the social entrepreneur in achieving their vision for impact on the dimensions of impact, sustainability, equity and proximity, and adaptive leadership. Share New Profit’s perspective, insights, and pattern recognition on issues related to organizational growth, proximate practices, impact, and capacity building. As necessary, take on project leadership on discrete strategic planning or key projects in partnership with the CEO and Senior Team. Establish a strong and trusting relationship with the social entrepreneur.
Serve as a Leadership Coach: Coach the social entrepreneur, and as needed, other senior team and board members to understand their professional development needs and help them unlock their capacity for learning and adaptability to lead the organization.
Serve as a Board Member: Support and govern the organization as outlined in its Board Charter and following best practices. Fulfill your fiduciary role and protect the public interest. Support the effectiveness of the Board’s leadership and governance using New Profit’s Board Development theory. As needed, lead Board committees or special projects. Represent the organization to the broader community.
Serve as a New Profit Investor Steward: Serve as the “holder” of New Profit’s definition of success, monitor and support the organization on an ongoing basis. Provide regular Deal Management updates such as Deal Dashboards, work plans, annual diagnostics, and other internal tracking activities. Actively participate in New Profit’s Deal Partner activities and be supportive of other members of the Deal Partner community.
Review funding applications; lead screening and diligence for prospective investments; provide support and insight throughout the decision-making process; and assess organizations on leadership, impact, scalability, and overall fit.
Contribute knowledge and insights to learning projects, improving our support model and codifying our practices.
Expand capacity building practice and/or cross cutting firm projects.
Serve as 1:1 advisor to early stage Catalyze entrepreneurs via bimonthly check in calls; support Catalyze teams with facilitation by attending webinars and occasionally in person convenings.
Embody core values and competency model.
Support, care for, and uplift fellow team members.