VC Vice President @ Morgan Health Ventures in New York City, NY

Morgan Health Ventures • New York City, NY • 1d ago

Morgan Health is a business unit at JPMorgan Chase that is focused on improving the quality, equity and affordability of employer-sponsored health care in the United States. The Morgan Health Ventures Associate will be part of a team focused on accelerating health system improvement. The organization will initially deploy up to $250 million in promising healthcare companies for the benefit of JPMorgan Chase employees and the broader employer sponsored healthcare system. JPMC’s focus will be on technologies and services that improve health outcomes, affordability, and equity in commercially insured populations.

As a Ventures Principal within Morgan Health, you will help to accelerate health system improvement through a $250 million capital allocation from JPMC balance sheet while driving innovation in the commercial marketplace and enhance the firm’s health benefits. You will also support the organization to promote health equity by identifying and addressing health disparities in the U.S. health care system that impact our employees and their families, as well as the communities where we operate.

Job Responsibilities

Lead sourcing, structuring, and underwriting of healthcare IT/services transactions by interpreting and forecasting healthcare market trends, developing investment thesis to prepare and execute on direct-to-company sourcing strategies
Meet with management teams as part of the sourcing and diligence processes through conducting interviews with subject matter experts and summarize secondary research
Oversee, build, and maintain financial and deal models
Manage investment due diligence process, including in-depth analysis on companies and industries while liaising with target company leadership throughout the process and define diligence process priorities and identify key questions to be addressed
Create measurement criteria to evaluate the success of each transaction in improving quality and reducing cost of employer health, as well as other metrics of importance to JPMC done by overseeing the synthesis of diligence findings in a PowerPoint, Excel, and/or Word based investment committee memoranda
Support portfolio companies and represent the fund as a board member or observer, as appropriate while actively supporting the execution of tasks, projects, and priorities supporting portfolio company success
Represent JPMC as a valued partner and source of positive collaboration to health care leaders to identify opportunities for investment by creating and maintaining relationships with peers at investment firms and other industry partners
Be a thought leader, maintain up-to-date knowledge on industry and technology trends, as well as attend and speak at industry events/conferences
Support fund strategy development and operations by assisting fund leaders with the definition of fund-level priorities and strategies, as well as operational processes and procedures
Invest in the future of Morgan Health Ventures, helping to drive continued improvement of systems, processes and infrastructure
Collaborate with the Morgan Health Innovation and Equity team members to help build an innovative and supportive culture to ensure success

Required qualifications, capabilities, and skills

Investment Expertise: Minimum 5+ years of experience in venture capital, private equity and/or corporate ventures with strong managerial experience, particularly in the execution of transactions from origination through closing
Healthcare Sector Expertise: Understands clinical, operational and financial drivers that impact healthcare organizations with a particular focus on products and services for the employer marketplace
Development of Partnerships: Capability and desire to build relationships and network across the healthcare industry and within JPMC
Collaborative Approach: Highly collaborative management and work-style, pragmatic and resourceful problem solver able to work across JPMC investment areas (e.g. financial, legal, regulatory) to structure and execute transactions
Nimble Approach: Experience investing in companies while also piloting and/or testing products and services; responds well to change and has a high tolerance for ambiguity
Process Mindset: Experience creating and driving a rigorous vetting process to identify high potential investment opportunities
Ownership Mentality: Approaches work with an unparalleled level of personal ownership, responsibly, integrity, and ethics
Passion for the Patient: Passion for improving health outcomes and the patient experience; making it better for everyone
Ability to Travel: Candidate will have the ability to travel (up to 25%); New York or Boston based

ABOUT US

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

ABOUT THE TEAM

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.