Review Vacancy
AgencyEmpire State Development, NYS
TitleAssistant Director, NYS Innovation Venture Capital Fund
Occupational CategoryOther Professional Careers
Salary RangeFrom $80000 to $80000 Annually
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.