Managing Director of 1824 Health Ventures and Mainsail Ventures

MUSC • Charleston, SC, United States • $200k - $250k / year • 2w ago

Job Description Summary

The managing director's position is responsible for all aspects of corporate venture capital investing, including originating, evaluating, structuring, and recommending strategic investment opportunities to the appropriate investment committee. This position will be involved with external research on projects/assets/companies, working with sophisticated financial, legal, and strategic advisors, entrepreneurs, investment banks, and other external parties. The position will also work closely with the MUSC Chief Innovation Officer, the Zucker Institute ("ZI") - MUSC's affiliated technology commercialization organization - as well as the Health Solutions team. This position will be responsible for all aspects of portfolio management, including potential participation on boards of directors as an observer or member.

Entity

University Medical Associates (UMA) Only Employees and Financials

Worker Type

Employee

Worker Sub-Type

Regular

Cost Center

CC002075 UMA OTHR PAY MUSC Foundation CC

Pay Rate Type

Salary

Pay Grade

Health-35

Scheduled Weekly Hours

Work Shift

Job Description

Sourcing and Due Diligence:

Originate strategic investment opportunities through various means, including direct interface with ZI and Health Solutions, utilization of professional networks, participation in industry events, and review of appropriate databases and other potential deal sources.
Fully evaluate opportunities, including industry landscape, market and competitive analysis, technical risk analysis, business model and financial modeling.
Manage all stages of the diligence process and negotiate deal terms.
Develop full business cases in support of potential investments, and present business case to the 1824 Health Ventures Investment Committee and/or Mainsail Ventures Board for approval.
Direct investment closing process, including working directly with legal counsel to ensure proper legal documentation and risk mitigation.

Portfolio Management:

Assist in management and governance of portfolio companies, including serving as board member and/or observer as appropriate.
Assist in development of business unit strategy and processes.
Develop relationships with venture capital firms and strategic buyers and help negotiate further equity investments from outside sources into the Fund's portfolio companies.
Produce quarterly financial and business reports for each fund.
Present to executive management and boards quarterly.
Other various administrative duties as assigned.

Management of 1824 Health Ventures:

Oversee the investment, finance, and administrative activities of 1824 Health Ventures.
Manage the activities of the Venture Investment Committee, foster the engagement of VIC members, ensure the quality of presentation and due diligence materials.

Education and Experience Requirements:

A bachelor's degree is required. An advanced degree and/or designation such as MBA, MS, JD, CFA, etc. is preferred. Must demonstrate at least seven years of relevant consulting and investing experience including pre-seed and seed stage life science and healthcare companies; experience closing strategic transactions; a demonstrated record of identifying and securing additional venture funding; and experience managing a fund in excess of $10M. Preferred experience working as an observer and/or member of a corporate board of directors. Experience working with university-founded startups and in the healthcare industry is preferred.

If you like working with energetic enthusiastic individuals, you will enjoy your career with us!

The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.

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