Associate, KP Ventures

Kaiser Permanente; Oakland (CA); On-site; USD 150,000 - 205,000; Full time

Job summary

Kaiser Permanente seeks an Associate for KP Ventures in Oakland to lead investment diligence and strategic initiatives in healthcare. The role builds investment theses, sources deals, negotiates terms, and supports portfolio companies with value-add efforts.

Collaboration with KP executives and cross-functional teams is essential for strategic growth. Minimum qualifications include a bachelor’s degree with 6+ years in business/healthcare or 4+ years in consulting or investment banking, plus

Qualifications

• Bachelor's degree and 6+ years in business administration, healthcare admin, or related field; or 4+ years in management consulting, investment fund, or investment banking.
• Demonstrated leadership experience and ability to build executive materials for investment committees.
• Experience with strategy development, market analysis, and portfolio diligence.

Responsibilities

• Build investment theses using KP and external insights; source deal flow and generate strategic insights.
• Negotiate and review investment term sheets and documents; support portfolio companies with value-add efforts.
• Conduct diligence, plan and execute investments; prepare leadership-ready insights for Investment Committee.
• Present diligence, investment, and portfolio recommendations to leadership.
• Develop repeatable processes for transaction identification, evaluation, and execution; ensure regulatory compliance.

Skills

Leadership

Strategic thinking

Stakeholder management

Investment sourcing

Education

Bachelor's degree + 6 years in business/healthcare or related field

Bachelor's degree + 4 years in consulting/investment banking/fund

Job description

Job Summary:

In addition to the responsibilities listed below, this senior individual contributor role is also responsible for building investment theses by using KP and external expertise to source deal flow and generate strategic insights; conducting investment transactions, including the review and negotiation of term sheets and transaction documents; reviewing portfolio investments through board participation and supporting portfolio companies with targeted value-add efforts; performing diligence for new investments including priorities, planning, and execution; and preparing insights from investment work for presentation to the Investment Committee, KP executives, and KPV Limited Partners.

This includes working with KP Executives on specific investments (e.g., KP strategic needs, product evolutions, and future roadmaps); creating executive materials for investment recommendations; and presenting diligence, investment, and portfolio recommendations to leadership.

Essential Responsibilities:

• Promotes learning in others by proactively providing and/or developing information, resources, advice, and expertise with coworkers and members; builds relationships with cross-functional/external stakeholders and customers. Listens to, seeks, and addresses performance feedback; proactively provides actionable feedback to others and to managers. Pursues self-development; creates and executes plans to capitalize on strengths and develop weaknesses; leads by influencing others through technical explanations and examples and provides options and recommendations. Adopts new responsibilities; adapts to and learns from change, challenges, and feedback; demonstrates flexibility in approaches to work; champions change and helps others adapt to new tasks and processes. Facilitates team collaboration to support a business outcome.

• Completes work assignments autonomously and supports business-specific projects by applying expertise in subject area and business knowledge to generate creative solutions; encourages team members to adapt to and follow all procedures and policies. Collaborates cross-functionally and/or externally to achieve effective business decisions; provides recommendations and solves complex problems; escalates high-priority issues or risks, as appropriate; monitors progress and results. Supports the development of work plans to meet business priorities and deadlines; identifies resources to accomplish priorities and deadlines. Identifies, speaks up, and capitalizes on improvement opportunities across teams; uses influence to guide others and engages stakeholders to achieve appropriate solutions.

• Executes strategies that support KPs mission by collaborating with more senior team members to apply short-term and long-term strategies and tactics that support KPs ability to achieve improved quality and outcomes, accelerated growth, increased relevance and influence across the United States, and ongoing financial sustainability; conducting strategy for and execution of business development activities and new opportunities for growth that align with the organizations long-term strategy; facilitating complex and multistakeholder strategy development processes; documenting progress against strategic initiatives; and gaining a deep understanding of KPs business models to enable informed decision-making.

• Designs and executes plans that gain support from leadership by performing market research to identify opportunities and threats that affect the KP growth agenda and mission; contributing to financial and economic modeling to support strategic initiatives; documenting the effectiveness of existing strategies; identifying risks associated with strategic plans; interpreting broad corporate strategies into clear, specific objectives and plans; proposing methodologies to gain support and approval from leadership; and reporting strategic decisions and enterprise-wide pipeline activities over time to ensure transparency and alignment with the organizations strategic goals.

• Drives relationships with internal, external, and cross-functional stakeholders by building strong relationships with key business and functional partners (e.g., leaders from health plans, finance, IT, Regional, Permanente, Risant, KPMF, and other national functions) to ensure alignment and support across all levels of the organization; interacting with stakeholders throughout the organization to facilitate collaboration and alignment with the companys goals; sustaining a network of external peers, delivery system leaders, consultants, bankers, and other marketplace experts to stay informed about industry trends and opportunities; and appropriately engaging internal and external parties in all activities, including 3rd party consultants, investment bankers, communications/GR, legal, compliance, finance, and other functions critical to the successful business development initiatives.

• Develops repeatable processes by developing methodologies for the identification, evaluation, prioritization, selection, negotiation, and execution of transactions, new business launches, and integrations; documenting the application of these methodologies to ensure that they are applied consistently and effectively across the organization; implementing an approach to program, project, and performance management that integrates strategy with day-to-day operations; utilizing local strategies and capabilities to support and enable active sharing of new learnings and innovations; recognizing unreliable, poorly controlled, ineffective, inconsistent, and duplicative processes and functions to improve overall performance; and applying strategies to ensure ongoing compliance with local, state, federal, and other regulatory requirements.

• Develops and grows businesses and partnerships by documenting potential transactions and opportunities (e.g., M&A, partnerships, new business units, subsidiaries, and investments); supporting new businesses from startup to self-sufficiency; contributing to the creation of a business development roadmap aligned with KPs strategy, driving growth and innovation; conducting investments and transactions in care delivery, health plans, and health care technology; implementing a business development function that supports the long-term goals of the growing KP enterprise (including KFH/HP, KPMF, Risant, and other new businesses); and performing functions across strategy, business development, and transformation to provide comprehensive solutions.

  Minimum Qualifications:

• Minimum one (1) year of leadership experience with or without direct reports.

• Minimum two (2) years of experience building and developing high-performing teams.

• Minimum two (2) years of experience building and/or executing a wide range of enterprise strategies, or strategic investments, ventures, or partnerships.

• Minimum two (2) years of experience managing complex programs, deal diligence, and/or integrations.

• Minimum two (2) years of experience developing agendas and materials for executive and/or board audiences.

• Minimum two (2) years of experience handling sensitive information with utmost discretion and confidentiality.

• Bachelors degree from an accredited college or university AND minimum six (6) years of experience in business administration, healthcare administration or a directly related field, OR Bachelors degree from an accredited college or university AND minimum four (4) years of experience working for a management consulting firm, investment fund, or investment bank.

  Additional Requirements:

Preferred Qualifications:

• MBA in Finance and Accounting, Investments, Investor Relations, or directly related field.

• Two (2) years of direct investment experience in health care services or health information technology companies.

COMPANY: KAISER

TITLE: Associate, KP Ventures

LOCATION: Oakland, California

REQNUMBER: 1456260

External hires must pass a background check/drug screen. Qualified applicants with arrest and/or conviction records will be considered for employment in a manner consistent with Federal, state and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran, or disability status.