Saturn Five - Operating Partner

Responsibilities

• Transition new investments into the Saturn Five ecosystem, including managing transition of banking, insurance, payroll, and internal management systems of the new entities, either through Asset or Stock Purchase Agreements
• Quickly gain domain expertise in your portfolio companies' respective industries, identifying 'who we need to know' in a given industry and how Saturn Five can be most immediately helpful to new acquisitions at a strategic level
• Jump in to assist portfolio company leaders with key initiatives - negotiating a new contract, developing and coaching on a hiring plan for a key management role, helping identify new vendors for a critical project, or managing bank permissions and authorities
• Coach, mentor, and assess company senior leadership
• Lead CEO/President/GM hiring processes when sellers retire or a leader needs to be replaced
• Assist portco leaders in the creation and refinement of Annual Operating Plans and Annual Budgets
• Lead Weekly Metrics calls and Monthly Book Reviews with portco leadership on an iterative journey towards data-driven management
• Design senior and second-level-leader compensation and incentive programs for individual portcos
• Roll out the Saturn Five Way (an EOS-informed small business operating system) at new and existing portfolio companies
• Project targeted quarterly distributions and support portco leaders to achieve targeted results

Requirements

• You are a mid-career leader who has had senior-level leadership experience, and been in the final decision makers seat.
• Ideally, you've owned or led a business, and had true P&L and balance sheet responsibility, preferably at a smaller company ($2-10M EBITDA)
• You are a high EQ 'leader of leaders' who can toggle easily between highly-directive (when needed, usually rarely) and leadership-by-influence (more common) styles
• You have equal comfort with implementing structured reporting systems (like disciplined quarterly "board" meetings) and connecting relationally on a jobsite with entry-level, hourly employees
• You have a high capacity for rapid context switching between the varied issues across multiple portfolio companies several times a day
• You're wicked smart and proactive
• You're kind, firm, and grounded
• You have a good sense of humor ... you take your work seriously, but not yourself
• You prize excellence, and hold a high bar for the quality of your work and the work of others around you
• You're comfortable with some ambiguity and stepping into messy situations, with a bias toward action, process improvement, and systematizing
• You have high intensity horsepower, stamina and drive; you enjoy moving mountains, pushing initiatives forward, and driving successful outcomes with a willingness to jump in and do hands-on work
• You love small business
• You want your work to matter
• You share our core values of Adventure, Joy, Trust, Excellence, and Love
• What You Must Bring
• An undergraduate degree in Business, Finance, o

Benefits

Additional Information

Operating Partner Shepherd lower middle market portfolio companies to thrive. What We're About Saturn Five is a long-term-hold investment firm focused on buying and operating some of the best small businesses in America. We are, technically, a lower-middle-market private equity company, but we're a bit different. We buy and hold our investments for the long term, and we invest in companies that we're proud of, but most of the private equity market isn't interested in. If you love the impact of well-run businesses and want to play a key role in helping these companies thrive, we may have a seat for you. You can learn more about Saturn Five in our Annual Letters. The Role: Operating Partner Operating Partners are Saturn Five's primary connective tissue between our funds and the portfolio companies. An Operating Partner works one-on-one with our CEOs and engages with their leadership teams to guide and support them, to monitor our investments, and to help direct key activities like distributions, strategic decisions and large capital expenditures. Think of this as a hands-on board member role. You'll engage with three to six of our portfolio companies from the onboarding stage to steady state, and support them at key inflection points. The Operating Partner ensures there's a regular cadence with the portfolio company leadership: from regular check-ins, to monthly financial reviews, quarterly goal-setting, and annual planning and budgeting. In addition, the Operating Partner is responsible for hiring and onboarding portfolio company CEOs as need arises.

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