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Director, Venture Capital and Impact Investing

Company Name: Sorenson Impact
Company Location: Salt Lake City, UT
Work Type: On-site-only
Employment Status: Full-time
Date Posted: March 28, 2024
Apply By: August 12, 2024

POSITION OVERVIEW

The Sorenson Impact Institute’s Venture Capital & Impact Investing team seeks a Director to join our Salt Lake City-based, venture investing and student training program. The Director will be primarily responsible for managing the Joan and Tim Fenton Founders Fund, an early-stage venture fund housed within the Impact Investing program that is focused on catalyzing innovation in the Utah tech ecosystem. We’re seeking a team member with 7+ years of experience in venture or related fields and a commitment to training and mentoring students. The right candidate is a leader and a teacher – entrepreneurial, bold, creative, and can excel in a fast-paced, startup environment.

The Director will play a leadership role on the team and report to the program’s Managing Director. With a primary focus on the Joan and Tim Fenton Founders Fund, the Director will source new investments, lead due diligence, structure deal terms, and close investments – all while training and mentoring student interns.

The ideal candidate is a seasoned investment professional with experience across the lifecycle of an investment and a fund. This includes fundraising and portfolio construction; sourcing, underwriting, and executing new investments; and running portfolio operations. Candidates should have a strong commitment to impact and bring an entrepreneurial and innovative approach to the role. The Director should also have a passion for teaching and mentoring, as training and inspiring the next generation of venture capital and impact investing professionals is core to our work.

RESPONSIBILITIES

Mentor and Train Student Interns

  • Mentor student interns as they gain exposure and experience in venture capital and impact investing
  • Teach underwriting and due diligence processes to a rotating group of student interns
  • Contribute to recruitment and training activities for new student interns

Early-stage Venture Investing

  • Identify, maintain, and prioritize a pipeline of early-stage venture investment opportunities for the Joan and Tim Fenton Founders Fund
  • Conduct comprehensive due diligence and investment analysis
  • Oversee preparation and presentation of investment opportunity materials to the Joan and Tim Fenton Founders Fund Investment Committee

Portfolio Management

  • Lead strategic initiatives to improve investment thesis and portfolio construction
  • Develop and maintain relationships with portfolio companies
  • Track performance for annual reporting and provide support as needed

Portfolio Operations

  • Manage quarterly and annual financial reporting
  • Liaise with service providers for audit, taxes, insurance, etc.
  • Relationship Development and Management
  • Build and maintain a network with investment professionals at other VC firms
  • Support fundraising and strategic partnership initiatives

MINIMUM QUALIFICATIONS

  • Bachelor’s degree
  • 7+ years of transactional experience in venture capital, private equity, or investment management; or 7+ years in relevant non-finance fields, including financial or operational experience in early-stage businesses or fund management, if the candidate has at least 3 years of transactional deal experience
  • Excellent written and oral communication skills
  • Applicants must demonstrate the potential ability to perform the essential functions of the job as outlined in the position description.

PREFERENCES

  • Experience across equity and debt investing
  • Masters degree in business administration, finance, accounting, or related field
  • Mentorship or teaching experience
  • Demonstrated leadership experience
  • Ability to collaborate and function effectively on a highly motivated and entrepreneurial team
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