Managing Director, Social Impact Fund at American Heart Association

Remote | Full-time
American Heart Association

Managing Director, Social Impact Fund

  • Requisition ID 2021-7268
  • Job Family Group Health Strategies & Programs
  • Job Category Health Strategies

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, you matter and so does your career!
  • We are currently hiring for a Managing Director, Social Impact Fund. Location of the selected candidate is flexible provided the location allows for effective and cost-efficient travel. Preferred location for this opportunity is in our National Center office located in Dallas, Texas.
  • As an alternative to private sector capital, the American Heart Association’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 Managing Director is responsible for supporting the revolutionary initiative by establishing and generating growth of our innovative Social Impact Funds that seeks to leverage philanthropy to improve community health and wellbeing through implementation of initiatives, programs and nonprofit businesses focused on the social determinants of health that include, but are not limited to: improving quality affordable housing, access to healthcare, addressing affordable, healthy food including neighborhood serving retail, mental well-being and recidivism.
  • 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!

Responsibilities

  • The Managing Director must possess a strong finance and entrepreneurial background and will be instrumental in the long-term success of the funds including strategy, portfolio performance and driving social impact.
  • Will drive the alignment of the Fund with the AHA’s vision, mission, and values. This role requires an action-oriented individual who will lead future growth and success of the Social Impact Funds while engaging internal and external stakeholders nimbly, thoughtfully and with the utmost integrity.
  • The Managing Director is responsible for establishing and creating a new investment strategy, inclusive of building structures and a financial plan, for achievement of the business vision and goals.
  • This position is responsible for collaborating with a strong and interdisciplinary team of Executives, Social Impact Fund Governance Committee, AHA Board leaders, national and local volunteers, and senior staff leadership to set ensure the successful growth, implementation and measurement of the Fund.

Essential Job Duties:

  • Drive growth of the Fund to improve the health and well-being of individuals in under resourced communities addressing the social determinants of health.
  • Operate as an evolving entrepreneurial, start-up entity within the Association; including the ability and proven track record of success in developing new, revolutionary, out-of-the-box strategies and solutions for complex problems.
  • Establish, organize and facilitate: (1) governance and business models, (2) investment strategies, (3) prospecting, cultivating and due diligence activities, (4) peer review process, and (5) evaluation criteria.
  • Focus on external market trends and community solutions and possessing the ability 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.
  • Establish, track and oversee a broad spectrum of external outreach with a focus on the existing and prospective portfolio of grants/loans, provide thought leadership to enable stewardship of donors, and key stakeholders central to productive localized relationships.
  • Oversee collaboration, integration and accountability with Chief Executives, Social Impact Fund Governance Committee, AHA Board of Directors, and volunteer Business Solutions Oversight Committee on business and mission impact, achievement of milestones, and strategic plans. Develop short-term and long-term strategies and is responsible for overall implementation and outcomes.
  • Collaborate closely with AHA’s Center for Health Metrics and Evaluation to develop and track all key performance indicators (KPIs) and metrics for success; insuring appropriate process and outcome evaluation mechanisms are in place and reported out in a timely manner.
  • Local community experience in working with multiple partners to bring sustainable solutions to populations in greatest need.
  • Coordinate and execute a range of projects: Track and support the execution the disparate and various projects required to launch and sustain the Funds successfully.
  • Represent the AHA Social Impact Funds 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. Developing a diverse portfolio of sustainable and scalable community solutions.
  • Further evolve/develop and execute a marketing strategy in order to raise awareness of the Social Impact Funds and AHA’s efforts to improve the health of communities as well as drive participation from potential community partners and funders.
  • Must successfully lead a growing team as well as demonstrate leadership and agility in engagement of the community strategy managers and matrix management within the Association is a requirement.
  • Must successfully collaborate with business development and fundraising staff to build relationships and assist in the acquisition of additional financial support for the Association Social Impact Funds.
  • Lead implementation of operational plan including hiring, developing and motivating key leadership roles to execute and manage business, partnerships, and market penetration.
  • Develop models for partnerships and key stakeholder involvement for structure, planning and financial investment. Researches, identifies and recruits partner(s).

Qualifications

  • Master’s degree in business administration, Public Policy, Finance Economics or related field is required.
  • Must possess a minimum of five (5) years of experience in social impact investing and ten (10) years of financial experience (preferably corporate finance) with a working knowledge of new financial models including impact investing, cooperatives, land trusts, P4 partnerships, etc.
  • Must have at minimum of five (5) years of entrepreneurial or start-up experience. This can be entrepreneurial experience within an existing organization or a traditional start-up environment.
  • Must have a minimum of eight (8) years of experience building and negotiating partnerships and alliances.
  • Must have a minimum of eight (8) years of experience collaborating with executives, steering committees, volunteer advisors.
  • Must have a working knowledge of social determinants of health and health equity.
  • Excellent communication skills: must have the ability and savvy to successfully engage with high level leaders, stakeholders and media.
  • Supervisory experience managing direct reports and/or external consultants. In addition, must have successful track record working in a matrix management environment.
  • Local community relationship, partnership development, program implementation and measurement a must.
  • Must possess an existing network of social investors (institutional or individual) and be willing to leverage.
  • Highly organized manager with excellent interpersonal skills.
  • Outstanding project management skills.
  • Fundraising and/or business development experience preferred.
  • Exceptional data analytics and writing skills.
  • Ability to efficiently translate concepts into action.
  • 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 50%).

Compensation & Benefits
Salary & Incentive:

  • Pay is commensurate with experience; geographic differentials may apply. There is an opportunity to earn an incentive up to 16% of one’s base pay based on team revenue goals.

Benefit Plans:
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. Click here to learn more about our rewards and benefits offerings.

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.

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