Review Vacancy
Date Posted: 07/27/16
Applications Due: 08/17/16
Vacancy ID: 31884
Position Information
NY HELPNo
AgencyEmpire State Development, NYS
TitleAssistant Director, NYS Innovation Venture Capital Fund
Occupational CategoryOther Professional Careers
Salary GradeNS
Bargaining UnitNone listed
Salary RangeFrom $80000 to $80000 Annually
Employment Type Full-Time
Appointment Type Permanent
Jurisdictional Class Exempt Class
Travel Percentage 0%
Schedule
Workweek Mon-Fri
Hours Per Week 37.5
Workday
From 9 AM
To 5:30 PM
Flextime allowed? No
Mandatory overtime? No
Compressed workweek allowed? No
Telecommuting allowed? No
Location
County Albany
Street Address 625 Broadway
City Albany
StateNY
Zip Code12207
Job Specifics
Minimum Qualifications Education level required (education required for this position):
Minimum of a Bachelor’s Degree in engineering, chemistry, biotechnology or related field (or equivalent work experience in one or more of these sectors); Advanced Degree in Business, Law, Economics or Public Policy preferred
Equivalent Experience / Knowledge Required (include no. of years):
Three or more years of investment related experience at a PE/VC firm, or in the alternative two or more years of investment banking, legal or strategy consulting experience;
Strong knowledge and passion for life sciences technology and entrepreneurship;
Solid writing and financial analysis background; Versatile and flexible self-starter with strong work ethic;
Excellent interpersonal and networking skills with proven ability to develop and maintain effective business relationships; Analytical skill and ability to interpret data and provide relevant conclusions/recommendations;
Attention to detail required; Excellent computer and organizational skills
Ability to work with limited supervision; Ability to articulate ideas in a group setting
Duties Description Basic Function: The Assistant Director will be integrally involved in all aspects of Bio-Sciences Investment Activities for the NYSIVC Fund, including the identification of potential investments, the due diligence related to those investments, and post-investment monitoring activities related to the investment portfolio. Specific areas of focus would include the design & operation of a multi-year, state-wide Bio-Sciences business plan competition; as well as managing the $5M investment initiative for the prevention and treatment of breast/prostate cancer.
Work Performed (list the duties of this position): The Assistant Director will be responsible for providing support to the NYSIVC Fund’s Managing Director and senior staff in all aspects of executing the fund’s investment strategy in the Bio-Sciences sector. Job responsibilities may include, but are not limited to:
• Developing operating processes for the business plan competition, recruiting applicants for the competition and organizing review committees to select winning proposals
• Organizing and managing the breast/prostate cancer prevention and treatment initiative, assembling an Advisory Board and identifying promising investment in the sector
• Participating in all aspects of the investment due diligence process for fund investments in the Bio-Sciences sector including market sizing and mapping, competitive market identification, and industry research
• Developing and maintaining financial models related to VC financings, investment deal and company restructurings, valuation analyses, and liquidity events
• Preparing new investment deal review and presentation materials for the NYSIVC Fund Investment Advisory Committee and the ESD Board of Directors.
• Supporting active deal flow by sourcing new investments including participating in meetings with founders and entrepreneurs, attending relevant conferences and networking events, and maintaining deal pipeline records
• Maintaining the NYSIVC company portfolio – This includes collecting and reviewing quarterly financial information, maintaining investment data, preparing company updates, and constructing professional presentation materials.
• Assist in the analysis of the Innovate Fund-of-Fund’s portfolio (as needed)
• Monitoring all business plan competitions throughout the State for NYSIVC involvement.
• Outreach to NYS incubators for deal sourcing and partnering.
Additional Comments salary up to specified amount
Some positions may require additional credentials or a background check to verify your identity.
Contact Information
Name Leah Schanke
Telephone N/A
Fax N/A
Email Address Resumes@esd.ny.gov
Address
Street 633 Third Avenue
City New York
State NY
Zip Code 10017
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