United States onlyPOSITION: Partner, Portfolio
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 nonprofit 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 of unrestricted grants in 275+ high-impact organizations serving more than 35 million people in all 50 states. Learn more at www.newprofit.org.
POSITION OVERVIEW
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 DESCRIPTION
New Profit seeks to hire a Deal Partner for our Portfolio team. The New Profit Deal Partner is the linchpin to our capacity building support model for our Build and Transform investments. This individual would be responsible for managing a small portfolio of investments - likely 4+ Build and/or Transform investments - and would work directly with the social entrepreneur (typically the CEO of the grantee-partner) and the grantee-partner’s board of directors. The Deal Partner assumes four critical roles relative to each Build and Transform Investment in our portfolio.
KEY RESPONSIBILITIES
- Strategic Advisor & Project Lead - goals include:
- To align with and support the social entrepreneur in achieving their vision for impact on the dimensions of impact, sustainability, equity and proximity, and adaptive leadership
- To share New Profit’s perspective, insights, and pattern recognition on issues related to organizational growth, proximate practices, 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 the “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
In additional to The Deal Partner’s core responsibilities working directly with portfolio investments, they will also be a critical part of:
- Investment Selection: review funding applications; lead screening and diligence for prospective investments; provide support and insight throughout the decision-making process; and assess organizations on leadership, impact, scalability, and overall fit.
- Learning and Insights: contribute knowledge and insights to learning projects, improving our support model and codifying our practices.
- Firm Internal Initiative Leadership: expand capacity building practice and/or cross cutting firm projects.
- Catalyze Strategic Advising: Serve as 1:1 advisor to early stage Catalyze entrepreneurs via bimonthly check in calls; support Catalyze teams with facilitation by attending webinars and occasionally in person convenings.
New Profit Expectation 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.
QUALIFICATIONS and CRITICAL COMPENTENCIES FOR THIS ROLE
- We are looking for a person with 10-15 years of experience
- Demonstrated passion for and commitment to New Profit’s mission through leadership experience in high-growth, entrepreneurial organizations; experience driving organizational change and transformation
- Demonstrated experience with the communities served by our nonprofit partners, and a commitment to proximity—prioritizing the insights, leadership, and lived experience of people closest to the issues.
- Deep experience advising and supporting CEOs / Executives in achieving their vision (strategy, leadership, operations, etc.)
- Experience supporting leaders and organizations in the areas of Economic Mobility and Democracy preferred
- 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
- The ability to actively listen, with an appreciation for nuance in communication; a consultative stance
- 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
- Strong learning orientation; the ability to learn and grow from mistakes and the desire to constantly improve and adapt
- Entrepreneurial mindset and an ability to design and execute consistently on innovations, processes and practice areas
- Service on boards of high growth nonprofits preferred
- Illustrative list of roles often held by Deal Partners prior to New Profit: Social Entrepreneur, Management Consultant, Philanthropist, and Seasoned Executive
- *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 $180,079 - $209,066 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.
HOW TO APPLY
To apply for this position, please go toNew Profit’s Career page and submit a resume and thoughtful cover letter addressed to Lavon Fairclough. In your cover letter, please address what interests you in this role specifically and share how your work experience aligns with the position.
*Please note* - combine your resume and cover letter into a single file for upload.In addition, please submit your resume in the following format:
- Ensure you outline activities that are directly relevant to this position.
- Please include both months and dates for each role listed.
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.
