VP, Managing Director, Social Impact Fund

Overview

As we celebrate our Centennial year, we invite you to join us in shaping the next century of impact. Be a relentless force for a world of longer, healthier lives as we remain devoted to a future of health and hope for everyone, everywhere.

At the American Heart Association, your contribution matters, and so does your career.

The American Heart Association has an excellent opportunity for a VP, Managing Director, Social Impact Fund in our Mission Aligned Business department.

This position can be home based but must live near a major airport.

The Association offers many resources to help you maintain work-life harmonization through 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 additional training and support, locally.

TheAHALife is our company culture, our way of life, reflecting our diversity, equity & inclusion, our focus on work-life harmonization and our Guiding Values.

Discover why you will Be Seen. Be Heard. Be Valued at the American Heart Association by following us on LinkedIn , Instagram , Facebook , X (formerly Twitter) , and at heart.jobs.

Responsibilities

Responsible for establishing and generating growth of the Social Impact Fund created to leverage philanthropy for improving community health and wellbeing.

Responsible for implementing initiatives, programs, and nonprofit businesses. Responsible for investigating, researching, and recommending initiatives for the Social Impact Fund, such as but not limited to improving the quality of affordable housing, accessing healthcare, accessing healthy food, safe community space, and neighborhood-serving retail.

Also, I am responsible for the startup activities required to establish and manage this philanthropic fund and drive alignment with the Association’s vision, mission, and values.

Responsible for taking the Association’s Social Impact Fund from concept to reality while engaging internal and external stakeholders nimbly, thoughtfully, and with the utmost integrity.

Also responsible for the financial aspects of the fund, such as building a financial model and budget and maintaining fund P / L.

Develops short-term and long-term strategies and is responsible for operations to implement the Association’s Social Impact Fund, supporting efforts to improve the health of communities and drive participation from potential community partners and funders.

Collaborates, integrates, and is accountable to Chief Executives, The Association Board, and the volunteer Business Solutions Oversight Committee on business and mission impact, achievement of milestones, and strategic plans.

Builds a business financing model and budget and maintains Fund P / L. Negotiates partnership structure with input from Legal and other stakeholders.

Collaborates with business development and fundraising staff to build relationships and assist in the acquisition of additional financial support for the Association Social Impact Fund.

Works with multiple partners to bring sustainable solutions to populations in greatest need. Tracks and supports the execution of disparate and various projects required to launch and sustain the Fund successfully.

Establishes, organizes, and facilitates : (1) governance and business models, (2) community investment strategies including development of ROI for the Fund, (3) prospecting, cultivating, and due diligence activities, (4) peer review process, and (5) evaluation criteria.

Operates 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.

Conveys and helps to facilitate key volunteers and stakeholders as necessary in the Fund's business; maximizes meeting time utilization, ensuring meeting objectives are met and managed to desired outcomes.

Collaborates closely with the Association’s Center for Health Metrics and Evaluation to develop and track all key performance indicators (KPIs) and metrics for success, ensuring appropriate process and outcome evaluation mechanisms are in place and reported in a timely manner.

Drives growth of the Fund to improve the health and well-being of individuals in underserved communities to address chronic social challenges.

Develops and executes a marketing strategy to raise awareness of the Social Impact Fund. Focuses on external market trends and community solutions and communicates the market trends to internal and external stakeholders.

Leads the implementation of the operational plan, including hiring, developing, and motivating key leadership roles to execute and manage business, partnerships, and market penetration.

Establishes, tracks, and oversees a broad spectrum of external outreach, with a focus on the existing and prospective portfolio of grants, donor stewardship, and key stakeholders central to productive localized relationships.

Qualifications

Bachelor’s degree or equivalent experience.

Five to Eight years of experience.

Financial experience (preferably corporate finance) with a working knowledge of new financial models including impact investing, cooperatives, land trusts, P4 partnerships, etc.

Experience building and negotiating partnerships and alliances.

Experience collaborating with executives, steering committees, volunteer advisors.

Experience in social impact investing.

Entrepreneurial or start-up experience. This can be entrepreneurial experience within an existing organization or a traditional start-up environment.

Supervisory experience managing direct reports and / or external consultants. In addition, must have successful track record working in a matrix management environment.

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.

Ability to initiate and build local community relationships, program partnerships.

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.

Exceptional data analytics and writing skills.

Highly detailed, mission focused and team-oriented.

Exceptional ability to produce high-quality quantitative and qualitative work products under tight deadlines.

Ability to travel up to 50% local and overnight stay.

Preferred Experience :

Fundraising and / or business development experience.

Master’s Degree in Business, Finance, or related area.

Compensation & Benefits

Salary minimum to the midpoint of the range is $149,100.00 to $212,200.00. Pay is commensurate with experience; geographic differentials to the pay range may apply.

Compensation Our goal is to ensure you have a competitive base salary. That’s why we regularly review the market value of jobs and make adjustments, as needed.

Performance and Recognition You are rewarded for achieving success by merit increases and incentive programs, based on the type of position.

Benefits We offer a wide array of benefits including medical, dental, vision, disability, and life insurance, along with a robust retirement program that includes an employer match and automatic contribution.

As a mark of our commitment to employee well-being, we also offer an employee assistance program, employee wellness program and telemedicine, and medical consultation.

Professional Development You can join one of our many Employee Resource Groups (ERG) or be a mentor / mentee in our professional mentoring program.

HeartU is the Association’s national online university, with more than 100,000 resources designed to meet your needs and busy schedule.

Work-Life Harmonization The Association offers Paid Time Off (PTO) at a minimum of 16 days per year for new employees. The number of days will increase based on seniority level.

You will also have a total of 12 paid holidays off each year, which includes several days off at the end of the year.

Tuition Assistance - We support the career development of all employees. This program provides financial assistance to employees who wish to further their education and career in relation to their current duties and responsibilities, or for potential future positions in the organization.

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, our mission is to be a relentless force for a world of longer, healthier lives, regardless of race, ethnicity, gender, gender identity, religion, age, language, sexual orientation, national origin and physical or cognitive abilities.

We're committed to ensuring our workforce, workplace culture and mission have a shared impact across a diverse set of backgrounds.