[Hiring] Principal, Social Impact Funds @American Heart Association

Role Description

The American Heart Association has an excellent opportunity for a Principal, Social Impact Funds. This position can be home-based and is a full-time, benefits-eligible, grant-funded opportunity. Current funding will expire on 3/1/2027, with the possibility of extension.

The American Heart Association's Social Impact Funds deploy mission-driven capital to improve health outcomes and advance healthcare. The Fund focuses on three core areas:

• Healthcare access and quality
• Food security
• Economic empowerment

The Principal will support the sourcing, evaluation, execution, and management of impact investments across grants, debt, equity, and hybrid capital structures. This role combines investment analysis, relationship management, portfolio support, and ecosystem engagement to advance the Social Impact Fund's mission of improving health outcomes through innovative capital deployment.

The ideal candidate is intellectually curious, relationship-oriented, and comfortable working across sectors. They enjoy building partnerships, evaluating investment opportunities, and developing creative solutions that align financial performance with measurable social impact.

Responsibilities

• Investment Sourcing & Origination:
  • Identify and cultivate investment opportunities aligned with the Fund's investment strategy, impact objectives, and deployment goals.
  • Build and maintain relationships with entrepreneurs, nonprofit leaders, investors, foundations, accelerators, healthcare organizations, and ecosystem partners.
  • Develop trusted partnerships that enhance the Fund's visibility, sourcing network, and investment pipeline.
• Investment Due Diligence & Execution:
  • Conduct financial, operational, market, and impact due diligence on prospective investments.
  • Analyze business models, financial projections, capital needs, and potential risks and opportunities.
  • Support investment structuring across grants, debt, equity, recoverable grants, and other mission-driven financing approaches.
  • Prepare investment memoranda, presentations, and recommendations for Investment Committee review.
  • Partner with legal, finance, and external stakeholders throughout transaction execution and closing.
• Portfolio Management & Value Creation:
  • Manage relationships with portfolio organizations and external partners.
  • Monitor financial and impact performance against established objectives.
  • Support portfolio companies and organizations through strategic guidance, introductions, ecosystem connections, and problem-solving.
  • Identify emerging risks and opportunities and recommend appropriate actions.
  • Serve as a board observer or support governance activities as appropriate.
• Impact Measurement & Strategy:
  • Collaborate with internal and external stakeholders to track, measure, and report health and social impact outcomes.
  • Support development and refinement of impact measurement frameworks and reporting processes.
  • Help ensure investment decisions incorporate both financial performance and mission impact considerations.
• Industry & Ecosystem Engagement:
  • Represent the Social Impact Funds externally through conferences, industry events, working groups, and partner meetings.
  • Build relationships with co-investors, philanthropic organizations, government agencies, and strategic partners.
  • Support fundraising, donor engagement, and strategic communications efforts as needed.

Qualifications

• Bachelor's degree or equivalent combination of education and relevant experience.
• Three (3) years of professional experience in venture capital, private equity, lending, impact investing, consulting, entrepreneurship, foundation investing, healthcare innovation, nonprofit leadership, or related fields.
• Experience conducting investment diligence, market analysis, financial analysis, or strategic evaluation of organizations and opportunities.
• Strong analytical and financial skills with the ability to assess business models, risks, and growth opportunities.
• Experience developing and managing relationships with entrepreneurs, investors, community organizations, foundations, corporations, or other stakeholders.
• Excellent written and verbal communication skills, including the ability to present recommendations and findings to senior leaders and investment committees.
• Strong project management skills and ability to manage multiple priorities in a fast-paced environment.
• Ability to collaborate effectively across functions, sectors, and organizational boundaries.
• Ability to travel up to 20% local and overnight stay.

Preferred Qualifications

• Five (5) - Seven (7)+ years of relevant professional experience.
• Advanced degree (MBA, MPH, MPA, JD, or related field).
• Experience evaluating or managing investments across multiple asset classes or capital structures, including grants, debt, equity, catalytic capital, blended finance, or mission-driven investment vehicles.
• Experience working with healthcare organizations, social enterprises, nonprofit organizations, foundations, government agencies, or impact-focused businesses.
• Board, board observer, governance, or advisory experience.
• Familiarity with impact measurement and management frameworks.
• Bilingual (English/Spanish) preferred.

Compensation & Benefits

• Salary minimum to the midpoint of the range is $86,900.00 to $115,000.00. Pay is commensurate with experience; geographic differentials may apply to the pay range.
• Compensation: Our goal is to ensure you have a competitive base salary. That’s why we regularly review the market value of jobs and make adjustments, as needed.
• Performance and Recognition: You are rewarded for achieving success through annual salary planning and incentive programs; eligibility for an incentive program is based on the type of position.
• Benefits: We offer a wide array of benefits including medical, dental, vision, disability, and life insurance, along with a robust retirement program that includes an employer match and automatic contribution.
• Professional Development: You can join one of our many Employee Resource Groups (ERG) or be a mentor/mentee in our professional mentoring program. Heart U is the Association’s national online university, with more than 100,000 resources designed to meet your needs and busy schedule.
• Work-Life Harmonization: The Association offers Paid Time Off (PTO) at a minimum of 16 days per year for new employees. The number of days will increase based on seniority level. You will also have a total of 12 paid holidays off each year.
• Tuition Assistance: We support the career development of all employees. This program provides financial assistance to employees who wish to further their education and career in relation to their current duties and responsibilities, or for potential future positions in the organization.