What are the responsibilities and job description for the Venture Capital Senior Associate (Hybrid) position at CareFirst BlueCross BlueShield?
Resp & Qualifications
PURPOSE:
As the corporate venture, development, and commercialization arm of CareFirst BlueCross BlueShield, Healthworx is building a portfolio of investments and strategic partnerships with forward-thinking organizations. We are not just reimagining healthcare for the future, we are actively transforming the way it is delivered, supported, and experienced today. We are results-driven, constantly learning, unyieldingly curious, radically candid, and consistently humbled by scale of the challenge ahead.
As part of this effort, the Venture Capital Senior Associate will play a key role with the sourcing and evaluating new investment opportunities, executing on investment theses, and supporting our portfolio companies. The ideal candidate will be eager to work at the intersection of traditional healthcare payer and the innovative health start-up space, and to bring differentiated value to both.
The Venture Capital Senior Associate will contribute to all workflows, including sourcing and evaluating new investment opportunities, assisting portfolio companies, sharing insights across CareFirst and the start-up ecosystem, and building internal team operations. This associate will be especially focused on portfolio support and platform and should bring experience working at the intersection of start-ups and healthcare institutions, and balancing the opportunities and mismatches in between.
Essential Functions
While corporate innovation is inherently flexible, we expect the Senior Associate to work on all or many of these areas:
Pipeline Management and Opportunity Evaluation
Education Level: Bachelor's Degree
Experience: 6 years venture capital, management consulting, investment banking, product management, business development with a technology company, or equivalent experience.
Preferred Qualifications
Salary Range Disclaimer
The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).
Equal Employment Opportunity
CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Federal Disc/Physical Demand
Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.
Physical Demands
The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.
Sponsorship in US
Must be eligible to work in the U.S. without Sponsorship
PURPOSE:
As the corporate venture, development, and commercialization arm of CareFirst BlueCross BlueShield, Healthworx is building a portfolio of investments and strategic partnerships with forward-thinking organizations. We are not just reimagining healthcare for the future, we are actively transforming the way it is delivered, supported, and experienced today. We are results-driven, constantly learning, unyieldingly curious, radically candid, and consistently humbled by scale of the challenge ahead.
As part of this effort, the Venture Capital Senior Associate will play a key role with the sourcing and evaluating new investment opportunities, executing on investment theses, and supporting our portfolio companies. The ideal candidate will be eager to work at the intersection of traditional healthcare payer and the innovative health start-up space, and to bring differentiated value to both.
The Venture Capital Senior Associate will contribute to all workflows, including sourcing and evaluating new investment opportunities, assisting portfolio companies, sharing insights across CareFirst and the start-up ecosystem, and building internal team operations. This associate will be especially focused on portfolio support and platform and should bring experience working at the intersection of start-ups and healthcare institutions, and balancing the opportunities and mismatches in between.
Essential Functions
While corporate innovation is inherently flexible, we expect the Senior Associate to work on all or many of these areas:
Pipeline Management and Opportunity Evaluation
- Builds long-term relationships with entrepreneurs that ensure that Healthworx is top of mind through the companys growth. Engages with potential fund investments. Maintains a network of service providers, investors, and other ecosystem players that support deal sourcing and execution. Promotes the Healthworx brand through publications and thought leadership.
- Seamlessly maps opportunities to Healthworx strategy and runs investment return models. Owns diligence and investment memo drafts.
- Manages board observer seats into portfolio companies. Supports portfolio companies on specific full-scale projects (commercial product development, exit management, etc). Supports collaborative work between Healthworx and CareFirst and serves as an ambassador for the company across the organization.
- Leads Advisory Committee engagement with funds. Builds strategies to best capture pipeline and learnings from fund investments. Connects funds with experts at CareFirst and other Blues to maximize returns and strategic value.
- Deepens relationships with Blues and other payers, in and outside of the innovation arms. Leverages relationships to capture key strategic and investment priorities and inform other workstreams. Introduces portfolio companies to potential customers.
- Develops regular integration and events with CareFirst. Ensures that there is strategic insights and sharing between CareFirst and start-up ecosystem. Iterates on programming as necessary based on feedback and new leadership.
Education Level: Bachelor's Degree
Experience: 6 years venture capital, management consulting, investment banking, product management, business development with a technology company, or equivalent experience.
Preferred Qualifications
- Experience working at an accelerator, investor, venture studio, or other supporter of early start-ups.
- Experience working on healthcare start-up and payer partnerships or collaborations, and a deep network with other healthcare payers.
- Experience working directly for a healthcare start-up in a strategic or partnership capacity.
- Experience sitting on start-up boards or advisory committees, especially in a healthcare setting.
- The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes them ineligible to perform work directly or indirectly on Federal health care programs. Must be able to effectively work in a fast-paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time.
- Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence.
- Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.
Salary Range Disclaimer
The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).
Equal Employment Opportunity
CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Federal Disc/Physical Demand
Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.
Physical Demands
The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.
Sponsorship in US
Must be eligible to work in the U.S. without Sponsorship
Salary : $107,064 - $212,641