Job details

Associate, BrightEdge - Remote

At the American Cancer Society, we're leading the fight for a world without cancer. Our employees and 1.5 million volunteers are raising the bar every single day. We actively seek candidates from diverse backgrounds including communities of color, the LGBTQ community, veterans, and people with disabilities. The greater the diversity of our people, the better we can serve our communities.

The people who work at the American Cancer Society focus their diverse talents on our lifesaving mission. It is a calling. And the people who answer it are fulfilled.

Position Description

This position is a remote role, open anywhere throughout the United States.

JOB SUMMARY

Since 1913, the American Cancer Society has been dedicated to saving lives, celebrating lives, and leading the fight for a world without cancer. BrightEdge is the American Cancer Society’s impact investment and VC arm that seeks to defeat cancer through patient centric innovation. BrightEdge propels groundbreaking solutions to accelerate ACS’s bold vision of ending cancer as we know it, for everyone.

ACS Impact Venture Fund (IVF) represents an evergreen fund investing in the most innovative startup companies developing novel technology-based solutions to advance science, reduce disparities, and promote sustainability. The current fund size stands at $73 million and is targeted to reach $100 million by end of 2023 through ongoing fundraising and investment returns. The portfolio currently includes a portfolio of 17 investments across therapeutics, medical device, diagnostics and healthtech.

The BrightEdge team uses a triple bottom-line approach by evaluating mission-driven social impact and financial return potential for investment, in order to help fuel and deliver the Society’s life-saving programs in research, access, and health equity.

The successful Associate candidate will have demonstrated ability to develop mission-focused investment theses, source investment opportunities, critically review investment opportunities and be project-oriented, with the capability to lead numerous parallel projects and workstreams independently. The role requires a high level of self-motivation and will have a meaningful level of responsibility from the outset.

MAJOR RESPONSIBILITIES

Responsibilities for this position will include the following:

Support investment view development base on innovation trends combined with an in-depth understanding of patient-centric unmet need, Including company/technology landscaping activities
Contribute to deal flow funnel
Support VC and strategic alliance management
Source investment opportunities by development of relationships with entrepreneurs, company advisors, scientific founders and co-investors; attendance of networking events, relevant industry conferences
Perform due diligence on prospective portfolio companies, including primary and secondary market research, detailed scientific and technical analysis, detailed impact assessment, competitive analysis, investment documentation review, and financial modeling
Research and generate evidence for ACS’ mission and programmatic activities in impact investment.
Ecosystem stakeholder engagement across ACS researchers, professors, research institutions, advisory network; alliance management with innovation partner network. Support ACS fundraising, community development, and donor/investor relations

Position Requirements

FORMAL KNOWLEDGE

Advanced degree holder (PhD or MD) in oncology-related field.
At least 2-3 years of experience in venture capital and innovation (business development, external innovation, strategy consulting) in the biomedical/healthcare industry.
MBA desirable

OTHER SKILLS

Motivated by impacting the lives of patients through biomedical- and healthtech innovation
Builds networks - Effectively builds formal and informal relationship networks inside and outside the organization.
Cultivates innovation - Creates new and better ways for the organization to be successful.
Optimizes work processes - Knows the most effective and efficient processes to get things done, with a focus on continuous improvement.
Strong oral and written communication skills— Analytical/evaluative thinker. Excellent attention to detail

Capacity to travel up to 25%. Frequent travel to onsite meetings in Boston, MA required.

SPECIALIZED TRAINING OR KNOWLEDGE

Required:

Deep scientific background in life sciences with strong understanding of cancer biology
Prior investment experience in the biomedical/healthcare industry, additional experience in a startup or innovation setting (Business Development, External Innovation, Strategy Consulting)

The expected starting rate is $110,000 -$140,000 annually, with eligibility to receive a 20% annual incentive bonus. The final candidate's relevant experience/skills will be considered before an offer is extended. Actual starting pay will vary based on non-discriminatory factors including, but not limited to, geographic location, experience, skills, specialty, and education.

The American Cancer Society has adopted a vaccination policy that requires all staff, regardless of position or work location, to be fully vaccinated against COVID-19 (except where prohibited by state law).

ACS provides staff a generous paid time off policy; medical, dental, retirement benefits, wellness programs, and professional development programs to enhance staff skills. Further details on our benefits can be found on our careers site at: jobs.cancer.org/benefits. We are a proud equal opportunity employer.

Position Requirements: