Principal, CVS Health Ventures - Driving Innovation and Growth in Healthcare Technology Investments
Join the CVS Health Ventures Team as a Principal and Shape the Future of Healthcare Innovation
CVS Health Ventures, a subsidiary of CVS Health, is seeking an exceptional Principal to lead early and mid-stage investments within our dedicated venture capital fund. As a key member of our team, you will play a pivotal role in driving strategic planning, deal sourcing, and portfolio management. If you're a seasoned professional with a passion for healthcare innovation and a track record of success in venture capital, corporate development, or strategy, we encourage you to apply for this exciting opportunity.
About CVS Health
CVS Health is a healthcare innovation company with a mission to enhance human-centric health care. Founded in 1963 and headquartered in Woonsocket, Rhode Island, CVS Health operates through a diverse array of segments, including pharmacy services, retail pharmacy, and healthcare benefits. The company serves millions of people in the United States by providing accessible services, such as prescription medications, health advice, and over-the-counter products. In addition to its robust retail pharmacy network, CVS Health also operates one of the nation's largest pharmacy benefit management businesses and is a key player in the medical insurance industry through Aetna, which it acquired in 2018.
The CVS Health Culture
At CVS Health, we pride ourselves on our "Heart at Work" culture, which emphasizes empathy, innovation, and customer-centricity. Our over 300,000 employees are constantly motivated and aligned with CVS Health's goals, and we strive to create a positive and inclusive work environment that fosters growth and development. We promote initiatives for various health and wellness programs, support sustainability practices, and integrate robust environmental strategies into our operations.
About This Role
As a Principal at CVS Health Ventures, you will hold a leadership role, managing early and mid-stage investments within our dedicated venture capital fund. Your primary responsibilities will include:
- Managing the end-to-end deal process for early and mid-stage investments, from deal sourcing to portfolio management.
- Leading the diligence process, including financial modeling and memo development.
- Preparing executive-level materials to persuade investment decisions.
- Serving as a key negotiator and representative in interactions with start-ups and internal units.
- Representing CVS Health Ventures via board observer seats.
- Providing strategic insights to support investment thesis development.
- Influencing CVS Health business strategies through senior-level relationships.
- Building and leading a high-performing team, ensuring successful delegation of tasks.
- Fostering a positive team culture while building talent across the team.
Key Responsibilities
Investment Management
As a Principal at CVS Health Ventures, you will be responsible for managing the end-to-end deal process for early and mid-stage investments. This includes:
- Sourcing and evaluating potential investment opportunities.
- Conducting due diligence on key deals, including financial modeling and memo development.
- Preparing executive-level materials to persuade investment decisions.
- Negotiating and structuring deals with start-ups and internal units.
Portfolio Management
You will also be responsible for ongoing portfolio management, including:
- Monitoring and analyzing portfolio company performance.
- Providing strategic insights and guidance to portfolio companies.
- Identifying opportunities for growth and expansion.
Team Leadership
As a Principal at CVS Health Ventures, you will be expected to build and lead a high-performing team, including:
- Recruiting and developing talent across the team.
- Fostering a positive team culture.
- Ensuring successful delegation of tasks.
Requirements
Essential Qualifications
To be successful in this role, you will need:
- 5+ years of healthcare experience in business roles – corporate development, innovation, venture capital/private equity, or strategy.
- 2+ years of experience in executing investment transactions.
- Experience serving or working with venture capital funded company boards.
- Experience evaluating and executing venture capital investments.
- Experience serving on venture capital company boards in observer and/or director roles.
- Strong communicator with executive presence.
- Demonstrates high levels of independent judgment and proactivity.
- Able to provide positive leadership across multiple complex workstreams.
- Experience building and leading high-performing teams.
- Financial analysis skills in a venture capital setting, including familiarity with Microsoft Excel.
- Strong presentation skills, including familiarity with Microsoft PowerPoint.
Preferred Qualifications
We also prefer candidates with:
- MBA or other advanced degree.
- Experience in the healthcare technology industry.
- Familiarity with CVS Health's business operations and strategy.
Career Growth Opportunities and Learning Benefits
At CVS Health Ventures, we are committed to the growth and development of our employees. As a Principal, you will have access to:
- Comprehensive training and development programs.
- Mentorship opportunities with senior leaders.
- Networking events and industry conferences.
- Education assistance and tuition reimbursement.
- Free development courses and training programs.
Work Environment and Company Culture
We offer a dynamic and inclusive work environment that fosters collaboration, innovation, and growth. Our culture is built on the principles of:
- Empathy and customer-centricity.
- Innovation and creativity.
- Teamwork and collaboration.
- Diversity, equity, and inclusion.
Compensation, Perks, and Benefits
We offer a comprehensive compensation package, including:
- Competitive salary range from $144,200.00 to $288,400.00.
- Full range of medical, dental, and vision benefits.
- Eligible participation in the 401(k) retirement savings plan.
- Employee Stock Purchase Plan.
- Fully-paid term life insurance plan.
- Short-term and long-term disability benefits.
- Numerous well-being programs.
- Education assistance.
- Free development courses.
- CVS store discount.
- Discount programs with participating partners.
- Paid Time Off (PTO) or vacation pay.
- Paid holidays throughout the calendar year.
Conclusion
If you're a motivated and experienced professional looking to make a meaningful impact in the healthcare technology industry, we encourage you to apply for this exciting opportunity as a Principal at CVS Health Ventures. With a competitive compensation package, comprehensive benefits, and a dynamic work environment, this role offers a unique chance to drive innovation and growth in the healthcare industry. Don't miss this opportunity to join our team and shape the future of healthcare innovation!