Venture Capital Senior Associate (Hybrid)

CareFirst•Washington, DC

1d•Hybrid

About The Position

As the corporate venture, development, and commercialization arm of CareFirst BlueCross BlueShield, Healthworx is building a portfolio of investments and strategic partnerships with forward-thinking organizations. We are not just reimagining healthcare for the future, we are actively transforming the way it is delivered, supported, and experienced today. We are results-driven, constantly learning, unyieldingly curious, radically candid, and consistently humbled by scale of the challenge ahead. As part of this effort, the Venture Capital Senior Associate will play a key role with the sourcing and evaluating new investment opportunities, executing on investment theses, and supporting our portfolio companies. The ideal candidate will be eager to work at the intersection of traditional healthcare payer and the innovative health start-up space, and to bring differentiated value to both. The Venture Capital Senior Associate will contribute to all workflows, including sourcing and evaluating new investment opportunities, assisting portfolio companies, sharing insights across CareFirst and the start-up ecosystem, and building internal team operations. This associate will be especially focused on portfolio support and platform and should bring experience working at the intersection of start-ups and healthcare institutions, and balancing the opportunities and mismatches in between.

Requirements

Bachelor's Degree
6 years venture capital, management consulting, investment banking, product management, business development with a technology company, or equivalent experience.
Must be able to effectively work in a fast-paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time.
Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence.
Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.
Must be eligible to work in the U.S. without Sponsorship

Nice To Haves

Experience working at an accelerator, investor, venture studio, or other supporter of early start-ups.
Experience working on healthcare start-up and payer partnerships or collaborations, and a deep network with other healthcare payers.
Experience working directly for a healthcare start-up in a strategic or partnership capacity.
Experience sitting on start-up boards or advisory committees, especially in a healthcare setting.

Responsibilities

Builds long-term relationships with entrepreneurs that ensure that Healthworx is top of mind through the companys growth.
Engages with potential fund investments.
Maintains a network of service providers, investors, and other ecosystem players that support deal sourcing and execution.
Promotes the Healthworx brand through publications and thought leadership.
Seamlessly maps opportunities to Healthworx strategy and runs investment return models.
Owns diligence and investment memo drafts.
Manages board observer seats into portfolio companies.
Supports portfolio companies on specific full-scale projects (commercial product development, exit management, etc).
Supports collaborative work between Healthworx and CareFirst and serves as an ambassador for the company across the organization.
Leads Advisory Committee engagement with funds.
Builds strategies to best capture pipeline and learnings from fund investments.
Connects funds with experts at CareFirst and other Blues to maximize returns and strategic value.
Introduces portfolio companies to potential customers.
Develops regular integration and events with CareFirst.
Ensures that there is strategic insights and sharing between CareFirst and start-up ecosystem.
Iterates on programming as necessary based on feedback and new leadership.