| Background Blue Meridian Partners is a pioneering philanthropic model for finding and funding scalable solutions to the problems that trap America’s young people and families in poverty and limit economic mobility. We operate with an investor mindset, but measure success in terms of greater social impact, rather than financial returns. Blue Meridian takes a rigorous, strategic approach to philanthropic investing: identifying, funding and scaling the most promising strategies poised to make a national impact. Our portfolio of “investees” addresses some of the root causes of inequity and lack of opportunity—poverty, mass incarceration, foster care, unemployment, and more. We come to this work with a decades-long track record of innovation in philanthropy and a comprehensive investing approach developed at the Edna McConnell Clark Foundation (EMCF). We are constantly learning, exploring, and seeking out new collaborations in relentless pursuit of creating lasting impact at scale that can change the lives of generations. Position Description Position Profile The Senior Associate will support ongoing sourcing and diligence of investment opportunities as well as initiatives of The Studio to test and replicate promising strategies to accelerate social sector organizations’ readiness for impact at scale. The Senior Associate will also support senior leaders to manage Blue Meridian’s relationships with select investees and develop innovative plans and / or investment roadmaps to help them achieve greater impact. Position Type Exempt Location New York City Primary Responsibilities[1] The responsibilities of this position include but are not limited to the following, Support Blue Meridian Studio Initiatives With senior team members’ guidance and collaboration, the Senior Associate will:
- Develop concepts, strategies and proposals for building the pipeline of future investments for Blue Meridian.
- Support the process for selecting organizations to partake in pipeline-building activities.
- Project manage to support execution and evaluation of pipeline building and innovation initiatives.
- Participate in learning to guide the evolution of pipeline building and innovation work, including helping to surface and reflect on new opportunities, successes and challenges on an on-going basis.
Support Sourcing and Diligence With senior team members’ guidance and collaboration, the Senior Associate will: - Contribute to, and sometimes lead, activities to support Blue Meridian’s efforts to explore potential investment opportunities including regular research to advance Blue Meridian’s perspective on compelling investment opportunities across domains.
- Conduct due diligence including qualitative and quantitative research, interviews, financial analyses and evidence reviews, for top investment prospects.
- Develop investment hypotheses of how Blue Meridian capital could be transformative in helping organizations achieve national impact.
- Help develop and maintain the tools and processes to strengthen sourcing work.
Support Relationships with Investee Organizations
With senior team members’ guidance and collaboration, the Senior Associate will: - Contribute toward investee leaders and their teams’ receiving excellent relationship management and support from Blue Meridian. Earn and maintain the respect of investees and be a trusted point of contact.
- Support the development and implementation of investee scaling plans and / or investment roadmaps that support the basis of investment recommendations. Support preparation of investment recommendations and help craft performance milestones with investees and chart a roadmap for success.
- Take ownership of investee performance reports, capturing current performance, risks, and future potential. Prepare materials and talking points for Partner and other updates.
- Contribute to the design, participate in, and sometimes facilitate investee meetings, strategy sessions and performance reviews.
[1] This position description is a guide to the primary duties and functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands and work environment conditions. Position descriptions are reviewed and may be revised to meet the changing needs of Blue Meridian Partners at the sole discretion of management. |
