Portfolio Manager, Social Impact Fund

Overview

Now is the time to join an organization that enables you to be a relentless force for a world of longer, healthier lives. Here at the American Heart Association (AHA), you matter and so does your career!

We are currently hiring for a Portfolio Manager, Social Impact Fund. The location of the Portfolio Manager is flexible within the continental US. Competitive salary is offered.

As an alternative to private sector capital, the AHA's Social Impact Funds are a social impact generator that seeks to improve the health and well-being of individuals to address social determinants of health.

The Portfolio Manager will source, develop, and provide local program support to our impact investments in select markets across the nation. This includes prospecting and completing due diligence of new investments, performance/outcomes as well as onboarding, facilitation and management of partners; ensuring compliance with AHA's grant or investment requirements.

The American Heart Association offers programs to help you maintain work/life satisfaction according to 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 various other training and support mechanisms locally and through our National Center.

#TheAHALife is our company culture, our way of life, reflecting our diversity and inclusion, our focus on work-life satisfaction, and our Guiding Values - Check out this hashtag on Facebook, Instagram, and Twitter today!

** This role is grant funded and will be staffed for a minimum of 2 years. The intent is to secure additional funding to extend the position beyond 2 years.

Responsibilities

• Develop a network to source and recruit new impact investments, including performance based grants, convertible notes and loans, with an emphasis on achieving impact at scale. Screen potential investments and review applications. Provide the Fund with expert guidance on local market conditions and opportunities in assigned location(s).

• Conduct desk and on-site due diligence of potential Investments to assess prospects' financial and social performance, and mission fit with AHA. Present potential Investments for approval by Investment Committee.

• Participate in negotiations on Investment terms and conditions with the goal of maximizing impact at scale. Manage active relationships with other investors/foundations of assigned Investment Partners; seek out co-investment opportunities where possible.

• Monitor assigned Investments (both remotely and in-person), including repayments, financial performance, and social performance. In addition, contribute to evaluation/metrics process/technical assistance model, build and nurture relationships with key ecosystem actors across portfolio in order to build awareness of the Fund and generate investment opportunities.

• In collaboration with team members, monitor assigned Investments for compliance with Fund policies, covenants and milestones. Support drafting and review of transaction documentation of new Investments with legal department.

• Assist in onboarding newly Invested Partners, act as liaison, communicate AHA policy to these Partners and update AHA stakeholders on new developments and/or issues. Resolve issues faced by the Partners and help source TA support.

Qualifications

• 3+ years experience in grant making within a private foundation, Investment Management, Finance, Economic Development, or related role.

• 3+ years technical experience with making grants and/or investing (convertible notes and loans) in programs and/or companies focused on health and/or social determinants of health.

• Bachelor's degree or equivalent experience.

• Strong communication skills, including the ability to tailor communications to a wide variety of audiences and stakeholders, across multiple cultures.

• Ability to network extensively and manage relationships effectively.

• Ability to manage time well and prioritize across competing tasks.

• Ability to travel daily up to 50% and overnight up to 20%. Amount of travel may differ based on location of Program Manager.

Preferred Qualifications:

• Advanced degree in Business, Public Affairs or related area.

• Experience investing in, or working professionally in assigned location (continental).

• Proficient in office software and adept at learning and using technology platforms.

• Bilingual

Compensation & Benefits

Our Rewards & Benefits package not only gives you the total benefits you want, but also goes above and beyond with innovative programs to develop your skills - helping you grow and thrive at the American Heart Association.

The American Heart Association's 2024 Goal: Every person deserves the opportunity for a full, healthy life. As champions for health equity, by 2024, the American Heart Association will advance cardiovascular health for all, including identifying and removing barriers to health care access and quality.

At American Heart Association | American Stroke Association, diversity, inclusion, and equal opportunity applies to both our workforce and the communities we serve as it relates to heart health and stroke prevention.

This position not a match with your skills? Click here to see other opportunities.

Be sure to follow us on Twitter #TheAHALife

EOE/Protected Veterans/Persons with Disabilities

Location US-TX-Dallas

Posted Date 4 weeks ago (4/22/2022 4:01 PM)

Requisition ID 2021-7563

Job Category Health Strategies

Additional Locations Diversity Distribution US - Top 47 | US-NY-New York | US-CA-Los Angeles | US-TX-Houston | US-AZ-Tempe | US-TX-San Antonio | US-CA-La Jolla | US-CA-Oakland | US-TX-Austin | US-TX-Fort Worth...

Position Type Full Time

Location: WI-Milwaukee