Senior Director, Impact Investments

1 week ago

Boston, United States The Boston Foundation Full time

Department: Finance

Reports To: Chief Financial Officer

FLSA Classification: Exempt FTE: 1

Supervises: None

Hybrid Schedule (subject to change): 2 days per week in office preferred, with flexibility as needed.

Position Budgeted:$165,000.00 to $185,000.00

Position Summary:

The Boston Foundation is seeking to strengthen its impact related investment program and expand its use of impact investing as a powerful tool for driving positive impact in Greater Boston. This position will report to the Chief Financial Officer (CFO), and work in close collaboration with the Chief Program Officer (CPO), Chief Investment Officer (CIO) and in full collaboration with the full Senior Management team. As part of a cross-functional team, the Senior Director of Impact Investments will contribute to the expansion of impact investing with a focus on developing and leading investment decision-making processes, portfolio management, and investment reporting for the Impact First Pool (IFP). The IFP will be a stand-alone investment pool option that invests in a variety of impact related investment strategies, including Community Development Financial Institutions (CDFIs) and other intermediaries. The Senior Director will also contribute to other impact investing strategies.

Essential Functions:

  • In partnership with the CFO, CPO, CIO, the Senior Director of Impact Investing Programs and other colleagues, contribute to the development and realization of a shared vision of Impact Investing success, including impact outcomes, investment returns, and stakeholder satisfaction;
  • Lead the development, implementation, and management of the portfolio strategy for the Impact First Pool in concert with the Board’s ad hoc Impact First Committee, ensuring that it is deeply aligned with TBF’s programmatic strategy, appropriately balances risks, manages liquidity, and is achievable within our market opportunity;
  • Identify portfolio risk factors and develop strategies for mitigation.
  • Engage closely with Program colleagues to understand program goals and strategies in Greater Boston and ensure they are reflected in the portfolio strategy;
  • Assess market trends and evolving opportunities and incorporate into investment and portfolio decisions.
  • Lead decision-making processes for investments in the IFP;
  • Design and manage a decision-making process appropriate for the mission, investment objectives, portfolio strategy, and overall size of the IFP. Anticipated deal volume will be 8-12 investments per year. Final decision making will be the responsibility of an internal management committee in keeping with the approved Intake deal opportunities from the Senior Director of Impact Investing Programs and other Program colleagues. Oversee each opportunity through the decision-making process, preparing deal memos, structuring deal terms, and closing investments, while setting a high standard for rigor, collaboration, and communication. Deals may take various forms and will include both debt and equity transactions.
  • Lead due diligence processes, underwriting transaction quality and assessing for risk and return. Undertake diligence internally when aligned with internal capacity and outsource where appropriate. Ensure diligence processes adhere to industry best practices.
  • Engage with outside legal and valuation service providers as needed.
  • Monitor performance and when current investments require reconsideration, identify options, and work with internal team to identify best outcomes.
  • Investment Reporting;
  • Provide investment reporting aligned with stakeholder expectations and oversight requirements, and appropriate to the portfolio.
  • Provide support to Chief Program Office and Chief Financial Officer in preparing for meeting with the Impact-First Investment Ad Hoc Committee.
  • Prepare performance reports and materials for Board ad hoc Impact First Committee and update Board on performance and risks as needed.
  • Be a resource to Senior Management, Donor Services, Program, and others to communicate investment performance or respond to related inquiries.
  • General;
  • Assist in evaluating other investment opportunities as needed, such as for the Foundation’s market-rate Impact Pool, Catalytic Pool, Business Equity Fund and others.
  • Ensure adequate systems and tools are in place to perform functions effectively.
  • Represent TBF at events and external forums as appropriate.

Other Duties and Responsibilities:

  • Individuals assigned to this position may perform other duties as assigned.


Qualifications

Preparation, Knowledge, Previous Experience:

  • Bachelor’s degree or equivalent professional experience;
  • 10+ years of hands-on transactional experience in underwriting and investing;
  • Demonstrated experience underwriting debt and equity transactions;
  • Advanced proficiency in financial modeling to support investment analysis;
  • Knowledge of macro-economic and market trends and an understanding of how to translate them to investment decision-making; and
  • Demonstrated understanding of portfolio strategy and investment risk assessment and mitigation.

Preferred Preparation, Knowledge, Previous Experience:

  • Experience with impact investing including across a range of loan and investment vehicles;
  • Familiarity with housing and specifically affordable housing trends and investment considerations; and
  • Familiarity with CDFIs and other intermediaries.
  • A commitment to equity with the willingness/ability to recognize, support, and engage in work using an equity lens;
  • Respect for diverse opinions; highly collaborative and able to engage colleagues across disciplines;
  • Excellent written and oral communication skills with the ability to communicate complex financial data efficiently and clearly;
  • Confident humility with a learning orientation; mission-driven and with a high level of integrity; and
  • Curious and analytical; excited by new challenges.


Working Conditions & Physical Demands:

  • Ability to work for long periods of time at a workstation;
  • Ability to use a computer monitor and keyboard for long periods of time; and
  • Ability to work onsite and remotely, as required.


The content is intended to describe the general nature and level of work being performed by persons assigned to this job. It is not intended to constitute an exhaustive list of all responsibilities and duties required.

External and internal applicants, as well as position incumbents, who are or become disabled as defined under the Americans with Disabilities Act or applicable state law, must be able to perform the essential functions of the job (including those listed above) either with or without reasonable accommodation. Reasonable accommodation, if any, will be determined by management in consultation with the employee on a case-by-case basis.

This job description is intended to be general and may be revised from time to time. At management’s discretion, the employee may be assigned different or additional duties from time to time.

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