Strategic Impact Investment Manager
6 days ago
Locus, a nonprofit holding company regulated by the Federal Reserve, is seeking a Strategic Impact Investment Manager to join its Impact Investment Services (IIS) team.
Job DescriptionThe IIS team supports foundations and community development investors in their pursuit of impact goals by helping them to design, develop, and manage guarantee programs and other investment funds. As a Strategic Impact Investment Manager, you will play a key role in supporting the growth and success of these efforts.
Key Responsibilities:
- Manage ongoing operations for existing Locus managed funds, including asset servicing, portfolio management, financial and impact reporting, accounting, budgeting, and cash management.
- Oversee and manage internal and third-party provider's due diligence and underwriting of potential client investments.
- Develop and support implementation of evaluation frameworks, investment policies and procedures, and capital raise strategies as needed.
- Support acquisition of new IIS client relationships through direct marketing, structuring of suitable fund and guarantee solutions, development of pitch materials, and participation in client prospecting meetings.
Requirements:
- Strong mission alignment with a particular focus on achieving equitable outcomes.
- Bachelor's degree, ideally with coursework in finance or economics; master's degree in relevant field preferred.
- At least ten (10) years of professional experience; with at least five (5) years in relevant work experience in impact investing or philanthropy, community development finance, commercial or investment banking, structured finance, or private equity or debt.
Preferred Qualifications:
- Experience, knowledge of, or interest in climate finance, renewable energy, community development financing, impact investing, credit enhancement/guarantee programs, working with place-focused foundations and impact investing funds.
- Advanced Excel competencies, including financial modeling experience.
Locus has generated over $2 billion dollars in total impact in local communities to create jobs, energize places, and promote an enhanced quality of life. With offices in Christiansburg and Richmond, we offer innovative and flexible financing tools and professional advisory services to individuals and organizations in low-to-moderate income and underserved communities.
Compensation and BenefitsWe offer a competitive salary range of $125,000 - $160,000 per year, depending on skills and experience, plus bonus opportunity if bonuses are paid in any given calendar year. Our benefits package includes 17 days of PTO per year, 11 paid holidays per year, medical, dental, vision, short- and long-term disability insurance, 401k savings plan with employer match, life insurance, and flexible work environment hybrid or remote options.
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