Principal (VP), NAACP Capital

POSITION TITLE: Principal (VP), NAACP Capital

SUPERVISOR: Managing Director, NAACP Capital

LOCATION: Hybrid - Los Angeles, CA and Virtual

TRAVEL: Intermittent (Up to 30%)

JOB CLASSIFICATION: Exempt

JOB LEVEL:

POSITION SUMMARY

Reporting to the Managing Director of NAACP Capital, a wholly owned subsidiary venture capital fund of the NAACP, the Principal (VP) will play a critical role in identifying, assessing, and managing investments in promising funds and startups. The Principal (VP) will also play a key role in developing investment diligence processes and operational levers to support the portfolio. A strong track record within venture capital is required.

RESPONSIBILITIES/DUTIES

Under the direction of the Managing Director, NAACP Capital, the Principal, NAACP Capital will perform the following duties, to include, but not limited to:

• Actively engage in fundraising efforts, managing end-to-end processes with investors;
• Develop and implement NAACP Capital's investment strategy across it's Fund of Funds strategy and Co-Investing strategy;
• Actively source and develop relationships with entrepreneurs, industry experts, and co-investors to identify potential investment opportunities;
• Lead comprehensive due diligence processes, evaluating business models, financials, impact metrics, and market potential for prospective investments;
• Monitor and support the portfolio, providing high value support and strategic guidance to help them achieve their impact and financial objectives;
• Develop a portfolio "platform" that can provide resources, introductions, fractional talent, data/insights, and more to the portfolio of funds and founders;
• Establish and track key performance indicators (KPIs) and outcomes to measure impact;
• Represent the Fund at industry conferences, panels, and events, showcasing expertise in social impact investing and sharing insights on relevant trends;
• Willing to travel (up to 30%);
• Perform any other duties as assigned by the Managing Director, NAACP Capital or other designee.

QUALIFICATIONS

Education/Professional Experience

• 7 or more years work experience in venture capital;
• Minimum of a BS degree (an MBA degree valued/appreciated/helpful);
• A strong track record that demonstrates top investment performance along with impact;
• Alignment with the fund's mission;
• Successful experiences fundraising;
• Excellent organizational skills and attention to detail;
• Superior writing skills;
• Strong proficiency in the MS Office 365 suite and in building presentation decks (Word, Excel, PowerPoint), Zoom, and Trello;
• Strong proficiency in financial modeling using Excel or other software;
• Strong interpersonal skills;
• Highly organized and comfortable with the use of workforce tools to manage workflow and projects;
• Based in Los Angeles or willing to relocate to Los Angeles;
• Willing to co-locate with the Managing Director and team, up to 3 days per week.