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Associate

Baltimore
Full-Time
Posted on 
July 9, 2022
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Job Description

As the corporate venture, development, and commercialization arm of CareFirst BlueCross BlueShield, Healthworx is building a portfolio of investments and strategic partnerships with forward-thinking organizations. We are not just reimagining healthcare for the future, we are actively transforming the way it is delivered, supported, and experienced today.

As part of this effort, the Venture Capital Associate will play a key role in assisting with the sourcing and evaluating new investment opportunities, executing on investment theses, and supporting our portfolio companies. The ideal candidate will be eager to deploy their investing experience to advance our thinking on how innovative technologies and business models can transform healthcare and improve the quality, convenience, and affordability of care for our members.

By joining Healthworx, the Associate will become part of a small team of driven, optimistic individuals seeking to improve healthcare - for our members and the world at large. Combining diverse backgrounds, viewpoints, life experiences, and skillsets we seek to be a proactive agent of meaningful change. We are results-driven, constantly learning, unyieldingly curious, radically candid, and consistently humbled by scale of the challenge ahead.

PURPOSE:

The Venture Capital Associate sources and evaluates new investment opportunities, supports the execution of investment theses, and lends assistance to our portfolio companies.

ESSENTIAL FUNCTIONS:

Pipeline Management and Opportunity Evaluation

Builds long-term relationships with entrepreneurs that ensure that Healthworx is top of mind through the company's growth. Engages with potential fund investments. Maintains a network of service providers, investors, and other ecosystem players that support deal sourcing and execution. Promotes the Healthworx brand through publications and thought-leadership.

Deal Execution

Seamlessly maps opportunities to Healthworx strategy and runs investment return models. Owns diligence workstreams and sections of the deal memos.

Portfolio Company Support

Supports portfolio companies on specific full-scale projects (commercial product development, exit management, etc). Supports collaborative work between Healthworx and CareFirst and serves as an ambassador across the organization.

QUALIFICATIONS:

Education Level: Bachelor's Degree in Business or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.

Experience: 5 years related professional experience

Preferred Qualifications:

  • Experience working at an accelerator, investor, venture studio, or other supporter of early start-ups.

Knowledge, Skills and Abilities (KSAs):

  • Collaborator who builds trusting relationships and drives engagement and decisions across multiple levels and stakeholders, including start-ups, corporates, non-profits, investors, etc.
  • Strategic-thinker who gets to the root of the problem and potential solutions to any challenge.
  • Project management skills to drive projects forward in both corporate and start-up environments, and ideally interface between the two.
  • Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence.
  • Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.

Department

Department: Corporate Venture

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer.  It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

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