POSITION:  Partner, Portfolio - Deal and Mental Health Equity Partner (DP & MHE)

LOCATION: Preference for Boston, MA, Washington, D.C., or  New York, NY

ABOUT NEW PROFIT
New Profit is a venture philanthropy organization that backs social entrepreneurs who are expanding access and opportunity in America. New Profit exists to build a bridge between these leaders and a community of philanthropists who are committed to catalyzing their impact. New Profit provides unrestricted grants and strategic support to a portfolio of organizations led by visionary social entrepreneurs to increase their impact, scale, and sustainability. It also partners with social entrepreneurs and other cross-sector leaders to shift how government and philanthropy pursue social change to ensure that all people can thrive. Since its founding in 1998, New Profit has invested over $350M in 250+ organizations and, through the America Forward Coalition’s collective advocacy efforts, has unlocked over $1.9B in government funding for social innovation.

INVESTING 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 primarily provide two levels of funding and strategic support to organizations in our portfolio: “Build Investments” and “Catalyze Investments.”

• Catalyze Investments: Though our Catalyze Investments, we provide $50K-$100K 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 $1M+ 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.

POSITION OVERVIEW
New Profit is seeking a Partner for our Portfolio Investing team. This Partner will spend 50% of their time leading New Profit’s Catalyze Mental Health Equity cohort and 50% of their time directly supporting Build level deals. Reporting directly to Molly O’Donnell - Managing Partner, Portfolio.

KEY RESPONSIBILITIES

DEAL PARTNER - BUILD PORTFOLIO (50%)

Serve as Deal Partner on 2-3 Build Investments. The role of Deal Partner includes four critical elements: 

• Strategic Advisor & Project Lead - goals include: 
  • To align with and support the social entrepreneur in achieving their vision for impact 
  • To share New Profit’s perspective, insights, and pattern recognition on issues related to organizational growth, impact, and capacity building
  • As necessary, take on project leadership on discrete strategic planning or key projects in partnership with the CEO and Senior Team 
  • Establish a strong and trusting relationship with the social entrepreneur 
• Leadership Coach - goals include: 
  • Coaching the social entrepreneur, and as needed, other senior team and board members to understand their professional development needs and help them unlock their capacity for learning and adaptability to lead the organization. 
• Board Member - goals include: 
  • To support and govern the organization as outlined in its Board Charter and following best practices 
  • To fulfill your fiduciary role and protect the public interest 
  • To support the effectiveness of the Board’s leadership and governance using New Profit’s Board Development theory 
  • As needed, lead Board committees or special projects 
  • To represent the organization to the broader community 
• New Profit Investor Steward - goals include: 
  • Serve as a “holder” of New Profit’s definition of success, monitor and support the organization on an ongoing basis.
  • Provide regular Deal Management updates such as Deal Dashboards, work plans, annual diagnostics, and other internal tracking activities. 
  • Actively participate in New Profit’s Deal Partner activities and be supportive of other members of the Deal Partner community 
• Other activities may include investment selection, leading screening and diligence to inform future investments as well as special firm projects such as codifying new learning areas or deepening capacity building practice. 

CATALYZE COHORT LEAD: MENTAL HEALTH EQUITY (50%)
Lead the Mental Health Equity Catalyze Cohort including investment selection, delivering capacity building programming in person and virtually to a cohort of ~8 early stage grantee partners, and engaging in partnership with our external funding partners.

• Investment Selection - goals include: 
  • Manage application review and diligence process for prospective investments 
  • Assess organizations on leadership, impact, sustainability, and equity for potential alignment 
  • Engage external partners including funding partners, Social Entrepreneur advisors, and others in gathering input on potential cohort organizations
     
• Capacity Building Support - goals include: 
  • Design and deliver three in person convenings, utilizing and improving upon Catalyze’s core curriculum
  • Deliver three virtual learning opportunities 
  • Provide bi-monthly strategic advising sessions to a set of entrepreneurs 
  • Build powerful community among SEs
     
• Overall Management - goals include: 
  • Budget oversight including forecasting and tracking allocations and spending 
  • Stewardship of external funding partners supporting the Catalyze Cohort
  • Potential management of one team member 
  • Regular integration and coordination with the Catalyze team 

WHO YOU ARE 
You are committed to social change and are looking for a role where equity will be at the center of your work. You build relationships across lines of difference (race, age, hierarchy) with ease and enter relationships with curiosity. You bring these skills: 

• Demonstrated passion for and commitment to New Profit’s mission through leadership experience in high-growth, entrepreneurial organizations; experience driving organizational change and transformation
• A successful track record of multiple years in senior management positions of increasing complexity and responsibility
• Experience leading teams and bringing a solutions-driven approach to complex projects in an entrepreneurial, fast-paced environment; ability to set goals and priorities, facilitate decisions, and manage others and resources effectively
• Demonstrated experience building and managing professional relationships and coaching and developing talent; a collegial and team-building approach that puts others at ease and engenders trust 
• Deep experience in advising and supporting CEOs/Senior Leaders in achieving their vision (strategy, leadership, operations, etc)
• The ability to actively listen, with an appreciation for nuance in communication; a consultative stance
• Demonstrated skill and experience in designing inclusive community experiences and facilitating group learning environments 
• Demonstrated experience with and commitment to centering equity and proximity to the communities served by our portfolio organizations including low-income, first generation, Black, Latinx, and Indigenous people. 
• Outstanding analytical skills; demonstrated ability to quickly assess situations, identify trends, develop solutions, and translate insights into high-level guidance and tactical execution 
• Excellent verbal and written communication skills, with the ability to represent New Profit and its portfolio organizations in a professional, engaging, and dynamic manner
• A curious, and creative intellect; professional style that includes flexibility, evenness, and a sense of humor
• Relentless customer orientation and an eagerness to “roll-up one’s sleeves” and take on the full range of activities required to succeed as a team
• Service on boards of high growth nonprofits preferred

COMPENSATION & BENEFITS
The salary range for this position will be $164,715 - $200,161, 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 winter break.

HOW TO APPLY
To apply for this position, please go to New Profit’s Career page and submit a resume and thoughtful cover letter.. In your cover letter, please address what interests you in this role specifically and share how your work experience aligns with one or more of the core values and skills outlined below : 

1. Embrace Diversity, Foster Inclusion (with a focus on designing and hosting inclusive events)
2. Be Tenacious About Outcomes 
3. Elevate Entrepreneurialism, and
4. Lead Through Relationships 

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. New Profit offers a competitive salary and benefits, commensurate with experience and skills. 

Please no phone calls or direct emails.