Sr. Managing Director, American Heart Association Ventures

Company: American Heart Association
Location: Dallas
Posted on: November 11, 2024

Job Description:

Sr. Managing Director, American Heart Association VenturesOverviewAs we celebrate our Centennial year, we invite you to join us in shaping the next century of impact. Be a relentless force for a world of longer, healthier lives as we remain devoted to a future of health and hope for everyone, everywhere. At the American Heart Association, your contribution matters, and so does your career.We are currently hiring for a Sr. Managing Director for our Go Red for Women Venture Fund (GRFW Fund).The selected candidate's location is flexible, provided it allows for effective and cost-efficient travel and ready collaboration with the American Heart Association Ventures team.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.ResponsibilitiesThe American Heart Association's Go Red for Women Venture Fund is a new investment fund ($75M capital target) with a mission to improve the health and well-being of women by addressing medical and health conditions (outside of reproductive health) that are specifically or disproportionately experienced by women throughout their life stages.The GRFW Fund is sponsored by the Association and specific key donors (it is not an LP fund) and will invest in a variety of organizations dedicated to addressing those conditions that align with the mission of the American Heart Association, including cardiovascular health, brain health, and associated conditions, including metabolic, kidney, sleep and others which are known to have a link to overall heart and brain health. In keeping with our mission, we also focus on supporting equitable, sustainable entrepreneurial innovations.The GRFW Fund is a new Association Ventures entity and will invest in for-profit, early-stage companies with a goal to make a meaningful impact on the lives and health of women throughout the United States and beyond and to make a meaningful financial return for the Association. This is intended to be a double-bottom line venture fund that makes an impact and makes market-level returns.The Fund is seeking a highly experienced venture professional to manage this new program. This individual will report to the Managing Partner of American Heart Association Ventures.The right candidate(s) will possess at least 10 years of venture capital investment experience, an entrepreneurial background, and a serious commitment to delivering positive impact in the realm of women's health across the life stages. The team will be instrumental in the long-term success of the funds including driving strategy, portfolio company selection, leading the investment process, monitoring portfolio performance, and advising portfolio companies.The ideal leader will ensure the alignment of the Funds with the Association's vision, mission, and values and will be responsible for collaborating with an interdisciplinary team of Executives, Social Impact Fund Governance Committee Members, American Heart Association Board leaders, national and local volunteers, and senior staff leadership to ensure the growth, implementation and measurement of the Funds. The team will also be instrumental in representing the Funds in support of fundraising activities led by the Association's exceptional fundraising team.This role requires an action-oriented individual (s) with superior analytic and communications skills, both written and verbal; team management skills; excellent financial management skills, and deep familiarity with venture investing and, ideally, women's health issues beyond reproductive medicine. A key part of the job includes engaging with internal and external stakeholders nimbly, thoughtfully and with the utmost integrity.Serve in a lead role in a key new unit of the Association's Venture Capital group, ensuring the financial efficacy, mission-delivery and entrepreneurial evolution of this evolving entity; Responsible for applying a proven track record of success to this core area of the Association's mission.Establish, organize and/or facilitate: (1) governance and operating models, (2) investment strategies, (3) sourcing, cultivating and deal flow generation; (4) due diligence activities, (5) team management, (6) portfolio management, and (7) reporting.Financial and legal oversight of the GRFW Fund in cooperation with the Association's Ventures and the Association's Finance and Legal Departments.Understand and integrate external market trends and possess an exceptional ability to translate that knowledge to strategy, as well as 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 managed to desired outcomes.Collaborate successfully with Association executives, key business development and fundraising staff and Association Ventures leaders to build relationships and assist in the acquisition of additional financial support for the Fund initially and as the Fund evolves.Represent the Fund publicly, and establish, track and oversee a broad spectrum of external outreach, provide thought leadership to enable development and stewardship of donors and key stakeholders central to productive relationships.Evolve/develop and execute a marketing strategy in order to raise awareness of the GRFW Fund and the Association's efforts to improve the health of women in close collaboration with the Go Red for Women Team.Oversee collaboration, integration and accountability with the rest of the Association Ventures team, as well as with key leaders at Association and it's Board of Directors, Governance Council and other entities regarding business operations and mission impact, achievement of milestones, and strategic plans.Coordinate and execute a range of projects: Track and support the execution the disparate and various projects required to launch and sustain the Fund successfully.Represent the GRFW Fund 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.Continue 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.Demonstrate leadership and agility in engagement of the Association's matrixed management and operating structure, as well as manage a direct team of 1-2 people.Lead implementation of the fund's operational plan, which may include hiring, developing and motivating key team members.QualificationsMust possess a minimum of fifteen (10-15) years of experience in venture capital investing at a corporate or independent venture fund with a proven track record of success in achieving returns and impact.Ideally will also have at minimum of five (5) years of entrepreneurial or start-up experience.Must have a minimum of fifteen years (15) years of experience collaborating with executives, steering committees, and expert advisors.Must have a strong knowledge of women's health issues and a commitment to promoting health equity for women.Will ideally have a deep understanding of healthcare issues that women face in the realms of cardiovascular and brain health, and related conditions; this is not a role for people who wish to focus on reproductive health as that is not within the fund's scope.Must have a strong working knowledge of evolving business models, financial models and impact investing tools and instruments, as well as strong financial analysis skills.Exceptional communication skills 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.Ideally will possess supervisory experience managing direct reports and external consultants. In addition, must have a successful track record working in a "matrixed" management environment.Will possess an existing network of venture capital investors (institutional, corporate, foundation, family office and individual) and be willing to leverage this network for the benefit of the program.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.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 by merit increases and incentive programs, based on the type of position.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.Professional Development - You can join one of our many Employee Resource Groups (ERG) or be a mentor/mentee in our professional mentoring program. HeartU 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.The American Heart Association's 2028 Goal: Building on over 100 years of trusted leadership in cardiovascular and brain health, by 2028 the AHA will drive breakthroughs and implement proven solutions in science, policy, and care for healthier people and communities. The greatest discoveries in health must reach everyone where they are.At American Heart Association - American Stroke Association, our mission is to be a relentless force for a world of longer, healthier lives, regardless of race, ethnicity, gender, gender identity, religion, age, language, sexual orientation, national origin and physical or cognitive abilities. We're committed to ensuring our workforce, workplace culture and mission have a shared impact across a diverse set of backgrounds.
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Keywords: American Heart Association, Arlington , Sr. Managing Director, American Heart Association Ventures, Executive , Dallas, Texas