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Manager, Portfolio Team, New Profit Inc.
Position: Manager, Portfolio Team
Functional Area:
Organization: New Profit Inc.
Location: Cambridge, MA
Metro Region:
Overview:
New Profit is a nonprofit venture philanthropy fund that exists to help innovative social entrepreneurs and their organizations bring about widespread and transformative impact on critical social problems. We work to fulfill this mission with two approaches: 1) providing multi-year financial and strategic support to help a portfolio of innovative social entrepreneurs and their organizations realize their full potential for social impact; and 2) helping to build an environment in which all innovative social entrepreneurs and their organizations may realize their full potential for social impact.
With the support of individual investors and our signature partner, Monitor Group, New Profit works with social entrepreneur-led organizations tackling persistent social problems in education, workforce development, public health, and other areas. New Profit also drives other initiatives to help scale social innovations, including the annual Gathering of Leaders, America Forward, and Urban Assets Initiative. We believe that just as entrepreneurship and invention have driven our nation’s progress, so too can we harness America’s spirit of innovation, vision, and optimism to help solve our most pressing social problems.
Position:
A key member of the Portfolio Team, the Manager will oversee New Profit’s due diligence activities, work with New Profit Partners (senior team members) to support strategic initiatives inside of portfolio organizations, and support New Profit Partners in the creation of frameworks and tools to codify knowledge and best practices. The Manager, Portfolio Team will assist with the improvement and evolution of the tools and processes that make up New Profit’s portfolio management system. As part of the New Profit team, this position plays an important role in supporting fundraising, network management, and enterprise management goals and objectives. The Manager reports to a New Profit Partner and may be asked to manage one, and possibly two, Analysts on the portfolio team.
Responsibilities:
• Portfolio Investment Selection: Manage Analysts and work with Partners to develop a strong, robust pipeline of potential portfolio organizations; oversee due diligence activities to assess the attractiveness of candidate organizations as new portfolio investments and ensure a consistent, high-quality due diligence process.
• Portfolio Support: Work with New Profit Partners to develop a concrete plan for addressing specific challenges faced by portfolio organizations and execute against this plan; respond to and support portfolio organizations as new opportunities and challenges arise; facilitate the portfolio organization’s ability to access all New Profit resources, including best practices, research, and networks for recruiting and fundraising.
• Evaluation and Assessment: Contribute to the ongoing improvement of New Profit’s portfolio management services and system; capture best practices and lessons learned in portfolio work; contribute to the development of new frameworks and tools to codify New Profit’s knowledge and practices.
• Organizational Leadership: Work collaboratively with the New Profit team to ensure continued growth and improvement within the organization through strategic planning, fund development, and operational effectiveness.
Qualifications:
The ideal candidate for this position will have the following qualifications and characteristics:
• Bachelor’s degree required; advanced degree in business strongly preferred
• Minimum of five years of relevant professional experience; experience in the nonprofit sector, management consulting, and/or venture capital preferred
• Strong analytical skills in order to quickly assess situations, identify trends, develop solutions, and apply learnings to the larger context
• Demonstrated passion for and commitment to social change, and New Profit’s mission and vision
• Ability to manage multiple and changing priorities in an entrepreneurial environment
• Collaborative team player who is willing to go above and beyond their job description for the success of New Profit and its portfolio organizations
• Excellent verbal and written communication skills, with the ability to represent New Profit and portfolio organizations in a professional, engaging, and dynamic manner
• Relentless customer orientation, with the ability to consistently support New Profit’s mission and philosophy
To Apply:
Please upload a resume and thoughtful cover letter, outlining how your skills and experience meet the qualifications of the position and stating how you heard about this opportunity, both in Word format and addressed to Kathryn Price, at http://jobs.cgcareers.org/application.aspx?id=1636. Applications will be reviewed on a rolling basis.
New Profit offers competitive salary and benefits, commensurate with experience and skills. New Profit is an equal opportunity employer.
