New Profit

POSITION: Associate, Portfolio (Investment Selection & General Portfolio Support)

LOCATION: Remote*

ABOUT NEW PROFIT
New Profit is a venture philanthropy organization that catalyzes the impact of social entrepreneurs who are expanding access and opportunity in America. We provide capital, capacity, and community to a portfolio of organizations to increase their impact, scale, and sustainability. And we partner with social entrepreneurs, philanthropists, and cross-sector leaders to shift how the philanthropic sector pursues social change and ensures that everyone in America can thrive. Since 1998, New Profit has invested over $350M in 275+ high-impact organizations serving more than 35 million people in all 50 states.  

Learn more at www.newprofit.org. 

GRANT MAKING AND CAPACITY BUILDING AT NEW PROFIT
New Profit stands shoulder-to-shoulder with social entrepreneurs in support of their vision, with a specific focus on helping them build the capacity of their organizations in four areas: 1) Impact; 2) Equity & Proximity; 3) Adaptive Leadership; and 4) Sustainability. We provide three levels of funding and strategic support to organizations in our portfolio: Catalyze Investments; Build Investments; and Transform Investments. 

• Catalyze Investments: Through our Catalyze Investments, we provide grantee-partners $50K-$100K in unrestricted grants, strategic advice, and a peer learning community over one to two years (through a cohort-based model) to catalyze the innovations of organizations with leaders and focus areas that have been historically underinvested in by philanthropy.
• Build Investments: Through our Build Investments, we provide grantee-partners a $1.5M+ multi-year, unrestricted grant and deep advisory support. A dedicated New Profit Deal Partner serves as a trusted advisor to the social entrepreneur and as a member of the organization’s board of directors. Our support is geared towards building the leadership capacity of social entrepreneurs, boards, and senior teams and their ability to make strategic choices as they navigate change and growth.

• Transform Investments: Through our Transform Investments, we provide grantee-partners $3M in multi-year unrestricted grants, and advisory support from a dedicated Deal Partner for organizations navigating inflection points in their growth.

POSITION OVERVIEW
Partnering primarily with New Profit’s Build and Catalyze Investment Selection Managers, the Associate will be a key member of the Investment Selection (Grant-making) team. They will support the project management of New Profit’s grant-making cycles and activities, with a primary focus on the Build and Catalyze portfolios. The Associate will drive coordination and consistency across grant-making cycles and support the ongoing improvement of our grant-making practices, processes and tools. The Associate will report into Rebecca Even, Investment Selection Associate Partner.

Additionally, the Associate will work with the Partner, Strategy & Operations to support the operations of the 30-person Portfolio team (of which Investment Selection is a sub-team). They will provide day-to-day operational support related to team operations, resourcing, budgeting, and planning. 

The ideal candidate will be energized by a commitment to operational excellence and delivering effective internal support to teams executing grant-making cycles and driving impact through identifying high-impact social entrepreneurs. They will have strong organizational and project management skills, sharp analytical skills, and excellent writing, editing, and communication skills. Additionally, the candidate will be excited by the prospect of learning and applying that learning to their practice. 

KEY RESPONSIBILITIES
Responsibilities include, but are not limited to:

Grant-making Project Management & Execution (40%)

• Provide strong operational support to New Profit’s Build and Catalyze Investment Selection (Grant-making) Managers to support project management of annual grant-making cycles. This could include, but is not limited to, developing draft project plans, attending meetings, taking notes, and creating slides and other content for meetings.
• Own certain shared cross-cycle processes, including managing and analyzing data during the application review process, routinely assessing incoming submissions from organizations to categorize them based on alignment with New Profit’s investment vehicles and focus areas, and coordinating grantee-partner onboarding process for new portfolio organizations, including seeing that grant terms are signed and countersigned, collecting financial documentation, and coordinating with New Profit’s Finance team to process disbursement.

Grant-making Special Projects (10%)

• Advance select special projects that support New Profit’s overall grant-making strategy and operations, as needed. Sample projects could include but are not limited to researching conferences and other “network nodes” in support of pipeline building and performing analysis of applicant pools to surface key themes and learnings about New Profit’s selection process. 
• As needed, participate in Build grant-making cycles’ diligence activities. In support of and in collaboration with a New Profit Partner or Associate Partner, conduct rigorous research on prospective grantee-partners, develop presentations to New Profit’s internal grants committee made up of senior leadership, and write compelling memos summarizing diligence findings that contain nuanced qualitative and quantitative analysis. 

Central Portfolio Support (50%)

• Support day-to-day operations for a 30-person Portfolio team, including coordinating monthly team meetings, annual retreats, executive reporting, and biannual goal-setting and workforce planning in partnership with the Partner, Strategy & Operations.
• Identify process improvement opportunities and implement systems and workflows to increase efficiency and reduce team capacity constraints.
• Provide support to the Partner, Strategy & Operations and functional leads on quarterly budgeting, resource allocation, and work planning, contributing to problem-solving and decision-making.

NEW PROFIT EXPECTATIONS AS A TEAM MEMBER
In addition, we expect all New Profit staff to embody our core values and our competency model.  We are committed to the work that we do in supporting our Social Entrepreneurs and supporting one another to create an environment that helps us to thrive.  We are a team and everyone has a responsibility to support, care for, and uplift their fellow team members.

QUALIFICATION AND CRITICAL COMPETENCIES​​​​​​​

• You have 1-2 years of relevant professional experience (e.g., nonprofits, philanthropy, management consulting, venture capital) along with Bachelor’s degree or equivalent work/education experience  
• You have a demonstrated commitment to New Profit’s mission of breaking down barriers to opportunity for our country’s most overlooked communities
• You have the ability to manage multiple, detailed projects with the ability to follow through and drive toward milestones and due dates for yourself
• You enjoy learning and are able to adapt and think creatively in fast-paced environments
• You have superior organizational skills and are highly detail-oriented
• You have a high level of interpersonal maturity and poise
• You have sharp analytical skills and enjoy working with data
• You have experience with Microsoft Office and Google products and are comfortable with or willing to learn additional platforms like ClickUp and Slack
• You have strong writing, editing, and verbal communication skills
• You are a collaborative team player who is willing to give and receive feedback
• You can work independently and with remote team members
• You embody and demonstrate your commitment to New Profit’s mission, social entrepreneurship, and social change
• *As an east coast based organization, we ask that all employees are able to work 9:00 to 5:00 pm EST, based on our standard business hours.

COMPENSATION
The salary range for this position will be $72,074 - $78,826 annually, with the exact salary depending on prior work experience and the assessment of one's fit for the role. Additionally, New Profit provides a suite of competitive benefits including health insurance, dental insurance, vision insurance, retirement benefits, and a generous PTO policy with an end-of-year holiday break.

As an equal opportunity employer, New Profit recognizes the power of a diverse community and strongly encourages applications from individuals with varied experiences, perspectives, and backgrounds. The more inclusive we are, the better our work will be.  New Profit offers a competitive salary and benefits, commensurate with experience and skills.  Applicants must be currently authorized to work in the United States for any employer.

Please no phone calls or direct emails.