Financial Innovation Specialist

2 weeks ago

Boston, Massachusetts, United States Build Commonwealth Full time
Position Overview

Salary: $53,000 per year

Organization Overview:

In the United States, millions face chronic financial instability, lacking adequate savings and meaningful wealth, which adversely affects their lives and communities. Households led by Black, Latinx, and women are particularly affected due to systemic issues. Addressing these disparities is central to Commonwealth's mission of fostering financial opportunities for all.

For over 20 years, Commonwealth has aimed to cultivate a more prosperous society where everyone can achieve financial security. Our initiatives have empowered over 2 million individuals to save nearly $8 billion, paving the way for improved financial well-being. We are embarking on a new strategic plan that focuses on enhancing workplace benefits, strengthening collaborations with financial institutions, and exploring innovative areas such as climate finance and generative AI.

Commonwealth is dedicated to enhancing the financial security of vulnerable populations by identifying innovative ideas, piloting effective solutions, and scaling impactful initiatives. We believe that significant change requires collaboration among various stakeholders, including consumers, the financial services sector, employers, policymakers, and mission-driven organizations. Our solutions are grounded in real-world insights, informed by our understanding of the needs of financially vulnerable individuals.

For more than two decades, we have influenced employers to prioritize the financial security of their workforce, encouraged the financial services industry to develop better-suited products, and motivated policymakers to enact supportive legislation. To learn more about our organization, please visit our website.

Position Summary:

Commonwealth is seeking an Innovation Coordinator for a full-time, temporary role. In this position, you will be instrumental in developing and scaling innovative financial solutions aimed at individuals with low to moderate incomes. You will support various initiatives and be part of a dedicated team committed to creating a positive impact on the financial lives of many.

This is a temporary position for a duration of 6 months, with a possibility of extension based on funding availability.

Key Responsibilities:

  • Coordinate projects through effective task management and organized follow-up.
  • Conduct research and assessments to aid in the recruitment of employer partnerships.
  • Support original qualitative and quantitative research, including data analysis and interviews with individuals from low to moderate income backgrounds.
  • Design and prototype innovative solutions to financial challenges.
  • Participate in stakeholder meetings and assist in creating high-quality presentations to communicate research findings.
  • Collaborate with a results-driven team to ensure projects meet both immediate and long-term objectives.
  • Contribute to written communications that promote the dissemination of innovations.
  • Foster a positive organizational culture through high energy, a willingness to learn, and active participation in project teams.

Required Skills and Competencies:

  • Exceptional organizational abilities, capable of managing multiple complex projects with attention to detail.
  • Self-motivated, with the ability to work independently and collaboratively.
  • Results-oriented mindset, adept at achieving goals and managing competing priorities.
  • Curiosity and enthusiasm for understanding the challenges faced by low- to moderate-income households.
  • Aptitude for analytical reasoning and deriving insights from data.
  • Creative problem-solving skills and the ability to seek assistance when necessary.
  • Strong relationship-building skills with a diverse range of partners.
  • Excellent communication skills, both verbal and written, tailored for various audiences.
  • Flexibility to address project needs as they arise.
  • Commitment to accountability and shared responsibility.
  • Passion for Commonwealth's mission and driving social change through financial security.
  • Familiarity with financial technology innovations and the needs of low- and moderate-income households is preferred.

Commonwealth offers a competitive salary and benefits package, commensurate with experience and skills.

Our staff are vital to our success. Commonwealth provides a comprehensive compensation and benefits package, including:

  • Medical insurance
  • Dental & Vision insurance
  • Short- and long-term disability insurance
  • Life insurance
  • Health Savings Account with employer contributions
  • Retirement matching contributions
  • Generous paid vacation leave, sick leave, and paid holidays
  • Summer Friday schedule between June & Labor Day

Commonwealth is an equal opportunity employer, committed to diversity and inclusion in the workplace.

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