Job Summary - Principal, Venture Capital

The Principal, Venture Capital is a key member of the Corewell Health Ventures team, responsible helping source, evaluate, and conduct due diligence for strategic investment opportunities on behalf of the Corewell Health System. This role has responsibility assessing investment opportunities, includes building and reviewing financial and valuation models, performing risk and opportunity analysis, evaluating business models, market trend analysis, tracking competitive landscapes, and conducting high-level research in a variety of healthcare verticals. The Principal will help manage existing investments within the Corewell Health Ventures investment portfolio as assigned.

Essential Functions - Principal, Venture Capital

• Advise leadership of the financial, organizational, facilities and capital resource implications of new business opportunities resulting from bid and proposal activities. Develop operating financial models and underlying assumptions to evaluate a target’s financial projections and perform comprehensive financial valuations involving discounted cash flow, internal rate of return, earnings accretion/dilution, merger consequence analysis and comparable company/transaction analysis.

• Conduct due diligence on opportunities to assess attractiveness and structure investment relationships and how that can intersect with business development and strategic priorities of Corewell Health System. Advise leadership of the financial, organizational, facilities and capital resource implications of new business opportunities resulting from bid and proposal activities.

• Assist in the presentation of data related to investment opportunities and risk evaluation for investments, including proposals to Corewell Health Ventures Investment Committee.

• Participate in negotiation with sellers and potential business partners and recommend resolutions as needed, including post-closing integration efforts as needed.

• Build reporting on where investments are being made, their progress and future efforts. Create and maintain reports summarizing the ongoing performance of strategic investments.

• Coordinate and conduct due diligence activities, pulling resources from other areas of the organization as needed including Legal, Tax and Finance teams to coordinate completion of the final contract.

• Ensure high quality interactions and provide clear and consistent communications with internal and external partners.

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Qualifications - Principal, Venture Capital

• Required Business Admin, Finance or Clinical Area (or equivalent education and experience)

• Preferred Master's Degree MBA

• 7 years of relevant experience In corporate venture capital and/or strategy and development, financial modeling, business analysis, investment banking, venture capital, private equity, and/or corporate development Required

• 3 years of relevant experience In investment banking, start-ups, or strategic experience in mergers and acquisitions of businesses and/or business development or strategy. Required

• Other Beneficial skills - Financial modeling, forecasting, and reporting skills to evaluate investments and potential deals. ​

Physical Demands - Principal, Venture Capital

• Pallet to Waist (6" from floor) > 5 lbs: Seldom up to 10 lbs

• Waist to Waist > 5 lbs: Seldom up to 10 lbs

• Waist to Chest (below shoulder) > 5 lbs: Seldom up to 10 lbs

• Waist to Overhead > 5 lbs: Seldom up to 10 lbs

• Bilateral Carry > 5 lbs: Seldom up to 10 lbs

• Unilateral Carry > 5 lbs: Seldom up to 10 lbs

• Pushing Force > 5 lbs: Seldom up to 10 lbs

• Pulling Force > 5 lbs: Seldom up to 10 lbs

• Sitting: Frequently

• Standing: Occasionally

• Walking: Occasionally

• Forward Bend - Standing: Seldom

• Forward Bend - Sitting: Occasionally

• Trunk Rotation - Standing: Seldom

• Trunk Rotation - Sitting: Occasionally

• Reach - Above Shoulder: Seldom

• Reach - at Shoulder or Below: Seldom

• Handling: Occasionally

• Forceful Grip > 5 lbs: Seldom

• Forceful Pinch > 2 lbs: Seldom

• Finger/Hand Dexterity: Frequently

Primary Location

SITE - Corewell Health Place Building B - 648 Monroe - Grand Rapids

Department Name

Corewell Health Ventures

Employment Type

Full time

Shift

Day (United States of America)

Weekly Scheduled Hours

40

Hours of Work

8:00a.m. to 5:00 p.m.

Days Worked

Monday through Friday

Weekend Frequency

N/A

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Corewell Health is committed to providing a safe environment for our team members, patients, visitors, and community. We require a drug-free workplace and require team members to comply with the MMR, Varicella, Tdap, and Influenza vaccine requirement if in an on-site or hybrid workplace category. We are committed to supporting prospective team members who require reasonable accommodations to participate in the job application process, to perform the essential functions of a job, or to enjoy equal benefits and privileges of employment due to a disability, pregnancy, or sincerely held religious belief.

Corewell Health grants equal employment opportunity to all qualified persons without regard to race, color, national origin, sex, disability, age, religion, genetic information, marital status, height, weight, gender, pregnancy, sexual orientation, gender identity or expression, veteran status, or any other legally protected category.

An interconnected, collaborative culture where all are encouraged to bring their whole selves to work, is vital to the health of our organization. As a health system, we advocate for equity as we care for our patients, our communities, and each other. From workshops that develop cultural intelligence, to our inclusion resource groups for people to find community and empowerment at work, we are dedicated to ongoing resources that advance our values of diversity, equity, and inclusion in all that we do. We invite those that share in our commitment to join our team.

You may request assistance in completing the application process by calling 616.486.7447.

People are at the heart of everything we do, and the inspiration for our legacy of outstanding outcomes, innovation, strong community partnerships, philanthropy and transparency. Corewell Health is a not-for-profit health system that provides health care and coverage with an exceptional team of 60,000+ dedicated people—including more than 11,500 physicians and advanced practice providers and more than 15,000 nurses providing care and services in 22 hospitals, 300+ outpatient locations and several post-acute facilities—and Priority Health, a provider-sponsored health plan serving more than 1.2 million members. Through experience and collaboration, we are reimagining a better, more equitable model of health and wellness.