Managing Director of the BEA Entrepreneurs Fund

Apply Today

Position Overview

Reporting to the BEA Executive Director, with a dotted line to the BEA Foundation President, the Managing Director will be responsible for overseeing the operations, investments, and strategic plan of the BEA Entrepreneurs Fund. The successful candidate will be passionate and knowledgeable about building multi-generational wealth through investments in Black-owned businesses. This is an opportunity to leverage the networks, expertise, and input of some of America’s most successful Black business leaders across industries in an effort to build wealth for Black founders, businesses, and communities. The successful candidate will not only spend years building a successful investment fund, but they will also build relationships with an unprecedented cohort of Black executives and Black businesses that will collectively change the course of economic mobility for the current generation of Black founders and entrepreneurs.

Key responsibilities include leading research on relevant markets and industries, developing investment strategies, sourcing and screening new investment opportunities. The role will lead all deal structuring, negotiation and execution as well as cultivating, developing and maintaining relationships with the Fund’s portfolio companies. In addition to supporting business needs for the Fund’s portfolio companies, the Managing Director will maintain relationship and build trust with investors. The role will work with senior BEA leaders on fund strategy, marketing, investment ideas and deal execution. This leader will inspire confidence and ideally have both a track record from large traditional institutional finance and mission aligned funds serving communities in need. 

ABOUT THE BLACK ECONOMIC ALLIANCE

The Black Economic Alliance—and its affiliated entities the BEA Foundation, BEA PAC, and BEA Fund (collectively “BEA”)—is a uniquely impactful coalition of Black business leaders and allies committed to driving economic progress for the Black community through public policy, advocacy, engagement with government and business leaders, and philanthropic and investment programs. Led by a Board that includes esteemed executives operating at the top of their respective industries, including media, finance, pharmaceutical, nonprofit, and tech, BEA uses its collective power and business acumen to advance initiatives and programs that will drive transformational Black economic mobility at scale. Learn more at our website: blackeconomicalliance.org.

Duties

  • Perform market research and identify new investment trends and opportunities
  • Deal sourcing: meet in person or virtually with prospects to evaluate opportunities 
  • Documentation: summarize call notes and enter deals into customer relationship management database
  • Network with peers in the industry to source deals and identify opportunities to collaborate
  • Perform Due Diligence
  • Identify, evaluate and gather information on the target companies and from industry experts 
  • Research portfolio company value by reviewing business plans, analyzing capital expenditures, and performing financial valuation, a variety of quantitative analysis and sophisticated financial modelling 
  • Research and interview technical/business consultants to evaluate the target company’s technology including IPS 
  • Research and engage with references, customers and competitors of the target company 
  • Conduct background checks on the current management of the target company 
  • Lead transaction execution, negotiation and implementation 
  • Prepare internal investment memos for leadership 

Qualifications

  • Large Institutional Experience: traditional finance, VC/PE and/or investment banking
  • Mission-Focused Funds Background: experience and/or exposure to mission-focused funds
  • Thought Leadership: ability to influence and ideate at leadership level with stakeholders, institutions and marketplace
  • Network of Businesses: potential candidate businesses for investment
  • Leadership Skills
  • Entrepreneurial: self-starter and urgency of start-up. Ownership for success of the fund: transaction, execution & growth
  • Relationship Builder: poise and gravitas to influence and build relationships with internal and external leaders
  • Thrives with Ambiguity: ability to course-correct in start-up environment
  • Mission-Driven: believes in and is ‘mission obsessed’ in the BEA mission
  • Must embrace the mission and objectives of the Black Economic Alliance
  • MBA from an accredited business school
  • 5+ years of investment experience (VC/PE, investment banking, private equity)
  • Outstanding analytical skills, detail-oriented, proactive, innovative and self-motivated
  • Strong knowledge of Microsoft Excel including advanced functions
  • Experience with cash flow modeling and investment valuation techniques
  • Capability to produce well designed professional PowerPoint presentations
  • Strong written and verbal communication skills
  • Personality to work with various internal and external senior influential leaders
  • Strong entrepreneurial mindset
  • Ability to build and manage a high performance team

Salary/Benefits 

Base Salary + Bonus + Carry. Competitive/commensurate with experience and qualifications. 

Other 

This is a full-time position. The BEA Entrepreneurs Managing Director will be based in the United States. The preference is for this position to reside NYC or Washington, DC. 

Apply Today

Sign-Up