Manager, Portfolio (NP)

New Profit; Boston (MA); On-site; USD 90,000 - 140,000; Full time

Job summary

New Profit is seeking a strategic manager and analytical problem‑solver to join the Portfolio Performance and Support (PPS) team in Boston. You will build systems for a robust grant pipeline, manage due diligence on potential grantees, and help align selection with portfolio goals.

The role reports to a New Profit Partner and may supervise Associates, with a requirement of five+ years in nonprofits, philanthropy, consulting, or an advanced degree. A competitive salary and benefits are offered.

Qualifications

• Minimum of five years of relevant professional experience (e.g., nonprofits, philanthropy, management consulting, venture capital) and/or advanced degree.
• Experience with qualitative and basic quantitative analysis.
• Strong project management and highly organized.
• Ability to communicate effectively with a wide range of stakeholders and manage multiple priorities.

Responsibilities

• Coordinate with New Profit senior leaders to ensure pipeline building and selection activities reflect grant-making priorities and portfolio targets.
• Serve as main point of contact for grant-making inquiries; conduct discovery calls and vet potential grantees; create systems to capture/analyze information.
• Manage the evaluation process for potential grantees; provide guidance on diligence; prepare memos/presentations.
• Facilitate meetings with grants advisory council to drive grant-making decisions; capture learning for process improvements.
• Support onboarding of new portfolio organizations at end of selection; help execute portfolio strategy and operations.

Skills

Grantmaking

Portfolio management

Stakeholder management

Project management

Qualitative analysis

Education

MBA or MPA

Tools

MS Excel

CRM systems

Job description

New Profit is a pioneering venture philanthropy organization that backs social entrepreneurs who are advancing equity and opportunity in America. In partnership with a national network of philanthropists, New Profit provides unrestricted funding and strategic support to a portfolio of social entrepreneurs to help them realize their full potential. We also work to ensure that all social entrepreneurs can thrive by influencing how government and philanthropy fund and advance social problem solving through policy advocacy, convening, and field leadership efforts. Since its founding in 1998, New Profit has invested over $250M in its portfolio and unlocked over $1.7B in public sector funding for social innovation.

New Profit is looking for a strategic manager and analytical problem-solver with strong relationship management capabilities. This position represents a key member of the portfolio team, which will primarily focus on a range of critical activities related to our core grant-making strategy and operations. Activities include working to build systems and processes to ensure a robust pipeline of potential grants for New Profit’s portfolio; managing and executing selection activities and due diligence on potential grantees; and working with senior leaders to continue to refine and update New Profit’s grant-making strategy. This position plays an important role in linking our selection activities to our overall portfolio management goals and objectives. As part of New Profit’s Portfolio Performance and Support (PPS) team, this position will also play a role in supporting other portfolio functions and activities and overall team goals. The Manager reports to a New Profit Partner and may be asked to manage Associate(s) on the portfolio team.

• Coordinate with New Profit senior leaders to ensure pipeline building and selection activities reflect our grant-making priorities, principles, and align with portfolio composition targets.
• Serve as New Profit’s central point of contact for grant-making inquiries both internally and externally. Conduct “discovery” calls and meetings to vet potential fit between potential grantees with New Profit’s funding priorities and selection criteria. Create and manage systems to capture and analyze information on potential grantees.
• Manage the process for evaluating potential grantees; conduct diligence as well as provide guidance to others throughout the organization on diligence activities; create compelling memos with nuanced analysis and presentations on prospective grantees.
• Facilitate key meetings with grants advisory council to lead team through process and get to grant-making decision points.
• Capture learning and lessons learned from selection cycles for ongoing improvement of selection tools and processes.
• Develop and execute content and processes for the effective onboarding of new portfolio organizations at the end of selection.
• Support implementation of the Portfolio team’s strategy and its operational effectiveness through various activities and projects as needed.

Who We Are Looking For

• Demonstrated passion and commitment to New Profit’s mission of breaking down barriers to opportunity for our country’s most marginalized communities
• Ability to communicate effectively with a wide range of stakeholders, both verbally and in writing
• Experience and comfort with qualitative and basic quantitative analysis
• Demonstrated project management experience; highly organized and detail-oriented
• Adaptable and able to manage multiple, changing priorities and stakeholders
• Ability and willingness to switch between work that requires high level strategic thinking, and work that is more focused on logistics, operations and execution
• Minimum of five years of relevant professional experience (e.g., nonprofits, philanthropy, management consulting, venture capital) and / or advanced degree (e.g., MBA, MPA)

New Profit offers a competitive salary and benefits, commensurate with experience and skills. An equal opportunity employer, New Profit recognizes the power of a diverse workforce and strongly encourages applications from individuals with varied experiences, perspectives, and backgrounds. Please no phone calls or direct emails.