As an alternative to private sector capital, the American Heart Association Social Impact Fund is a philanthropic social impact generator that seeks to improve the health and well-being of individuals to address chronic social challenges. The Managing Director of the American Heart Association’s Social Impact Fund is responsible for supporting the revolutionary initiative by establishing and generating growth of a new and innovative Social Impact Fund that seeks to leverage philanthropy to improve community health and wellbeing through implementation of initiatives, programs and nonprofit businesses that include, but are not limited to: improving quality affordable housing, access to healthcare, access to healthy food including neighborhood serving retail, safe community space, and neighborhood serving retail.
The Managing Director of the Social Impact Fund must possess a strong finance and entrepreneurial background and will be instrumental in the startup activities required to establish and manage this philanthropic fund. S/he will drive the alignment of the Fund with the AHA’s vision, mission, and values. This role requires an action-oriented individual who will take the AHA Social Impact Fund from concept to reality while engaging internal and external stakeholders nimbly, thoughtfully and with the utmost integrity.
The Managing Director of the Social Impact Fund 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, AHA Board leaders, national and local volunteers, and senior staff leadership to set ensure the success growth, implementation and measurement of the Fund.
- Successfully serves as the Managing Director of the American Heart Association Social Impact Fund by driving growth of the Fund to improve the health and well-being of individuals in underserved communities to address chronic social challenges.
- Operate as an 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
- Establishing, organizing and facilitating: (1) governance and business models, (2) investment strategies, (3) prospecting, cultivating and due diligence activities, (4) peer review process, and (5) evaluation criteria.
- Focusing on external market trends and community solutions and possessing the ability to communicate market trends to internal and external stakeholders.
- Convening and helping 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, stewardship of donors, and key stakeholders central to productive localized relationships.
- Collaboration, integration and accountability with Chief Executives, AHA Board, and volunteer Business Solutions Oversight Committee on business and mission impact, achievement of milestones, and strategic plans. Develops short-term and long-term strategies and is responsible for overall implementation.
- 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.
- Substantial finance and investment experience with successful management of social impact fund investment as well as a superior knowledge of finance procedures and strategies. Builds business financing model and budget, maintains Fund P/L. Negotiates partnership structure with input from Legal and other stakeholders.
- Local community experience in working with multiple partners to bring sustainable solutions to populations in greatest need.
- Coordinating and executing a range of projects: Track and support the execution the disparate and various projects required to launch and sustain the Fund successfully.
- Represent the AHA Social Impact Fund with sound judgment and integrity both internally and externally.
- Identifying potential issues proactively: Timely escalation and resolution of mission-critical developments in a fast-moving environment.
- Implementing the launch of the Fund: With a positive and problem-solving attitude, tackling a range of projects and issues as they arise in the dynamic and evolving start-upenvironment. Developing a diverse portfolio of sustainable and scalable community solutions.
- Developing and executing a marketing strategy in order to raise awareness of the Social Impact Fund and AHA’s efforts to improve the health of communities as well as drive participation from potential community partners and funders.
- Must successful lead a team of up to two program staff as well as leadership and management 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 Fund.
- Leads implementation of operational plan including hiring, developing and motivating key leadership roles to execute and manage business, partnerships, and market penetration.
- Develops models for partnerships and key stakeholder involvement for structure, planning and financial investment. Researches, identifies and recruits partner(s).
- 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%). Location: Dallas, Texas is preferred.