Manager, Portfolio (NP)

New Profit is a pioneering venture philanthropy organization that backs social entrepreneurs who are advancing equity and opportunity in America. In partnership with a national network of philanthropists, New Profit provides unrestricted funding and strategic support to a portfolio of social entrepreneurs to help them realize their full potential. We also work to ensure that all social entrepreneurs can thrive by influencing how government and philanthropy fund and advance social problem solving through policy advocacy, convening, and field leadership efforts. Since its founding in 1998, New Profit has invested over $250M in its portfolio and unlocked over $1.7B in public sector funding for social innovation.

New Profit is looking for a strategic manager and analytical problem-solver with strong relationship management capabilities. This position represents a key member of the portfolio team, which will primarily focus on a range of critical activities related to our core grant-making strategy and operations. Activities include working to build systems and processes to ensure a robust pipeline of potential grants for New Profit’s portfolio; managing and executing selection activities and due diligence on potential grantees; and working with senior leaders to continue to refine and update New Profit’s grant-making strategy. This position plays an important role in linking our selection activities to our overall portfolio management goals and objectives. As part of New Profit’s Portfolio Performance and Support (PPS) team, this position will also play a role in supporting other portfolio functions and activities and overall team goals. The Manager reports to a New Profit Partner and may be asked to manage Associate(s) on the portfolio team.

• Coordinate with New Profit senior leaders to ensure pipeline building and selection activities reflect our grant-making priorities, principles, and align with portfolio composition targets.
• Serve as New Profit’s central point of contact for grant-making inquiries both internally and externally. Conduct “discovery” calls and meetings to vet potential fit between potential grantees with New Profit’s funding priorities and selection criteria. Create and manage systems to capture and analyze information on potential grantees.
• Manage the process for evaluating potential grantees; conduct diligence as well as provide guidance to others throughout the organization on diligence activities; create compelling memos with nuanced analysis and presentations on prospective grantees.
• Facilitate key meetings with grants advisory council to lead team through process and get to grant-making decision points.
• Capture learning and lessons learned from selection cycles for ongoing improvement of selection tools and processes.
• Develop and execute content and processes for the effective on-boarding of new portfolio organizations at the end of selection.
• Support implementation of the Portfolio team’s strategy and its operational effectiveness through various activities and projects as needed.

Who We Are Looking For

How to Apply

In lieu of a cover letter, please submit a resume and cover letter assignment (instructions below) addressed to Amina Fahmy and Kelly Cutler. Please upload questions where it indicates to attach your cover letter in the job posting.

In lieu of a cover letter, please share thoughtful responses to the following questions in 4-7 sentences per question :

New Profit offers a competitive salary and benefits, commensurate with experience and skills. An equal opportunity employer, New Profit recognizes the power of a diverse workforce and strongly encourages applications from individuals with varied experiences, perspectives, and backgrounds. Please no phone calls or direct emails.

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