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 LocationSITE - Corewell Health Place Building B - 648 Monroe - Grand Rapids
Department NameCorewell Health Ventures
Employment TypeFull time
ShiftDay (United States of America)
Weekly Scheduled Hours40
Hours of Work8:00a.m. to 5:00 p.m.
Days WorkedMonday through Friday
Weekend FrequencyN/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.
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Beaumont Health is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, gender identity, sexual orientation, age, status as a protected veteran, or status as a qualified individual with a disability.