Impact Investment Associate
- Organization
- John D. and Catherine T. MacArthur Foundation
- Location
- Chicago, Illinois
- Job Type
- Full time
- Deadline for Applications
- 05/31/2017
- Contact Information
- hmckinnis@macfound.org
- Tags
- Full-time
General Summary:
The Impact Investment Associate is an integral and active part of the team responsible for Impact Investments at the Foundation, participating in the origination and monitoring of investments and grants, site visits, etc. Impact Investments is a core capacity of Foundation, providing expertise and working collaboratively with other teams to advance philanthropic objectives, while also pursuing a major new initiative that seeks to build a more robust and inclusive marketplace for impact investment in the US and globally. In addition to making grants, the team manages a portfolio of loans, equity investments, guarantees and other financial instruments within the Foundation’s $500 million allocation of capital dedicated to charitable and mission-related investments. The Impact Investment Associate works closely with the Associate Directors, Portfolio Manager, Program Officers and other team members, to support efficient workflow and strong stewardship of all financial resources.
Essential Responsibilities and Duties:
• Prepare and oversee a grant forecast and budget, along with two administrative forecasts and budgets
• Prepare and regularly update impact investment projections, working closely with the Associate Directors and Portfolio Manager, along with the Finance and Legal departments
• Take the lead in formulating pipelines and tracking grants and impact investments for the team to facilitate timely progression of proposals, briefs, reports, payment approvals, closing documents and investment modifications
• Generate standard and custom portfolio reports, analyses and presentations, including quarterly reports for the Impact Investments Committee and an Annual Report for the Board of Directors
• Vet, originate and monitor a large number of consultant contracts
• Contribute to the development, implementation, and continuous improvement of a new impact investments-specific information management system
• Undertake due diligence and financial analysis of existing and prospective recipients of impact investments and grants to assess credit risk and potential loss exposure
• Work closely with the Portfolio Manager and Associate Director to track and analyze metrics related to the social and environmental impact of borrowers, investees and grantees
• Serve as the team point-person regarding Foundation policies and procedures (e.g., expenses, travel, meetings, etc.)
• Liaise with grants management (GMS), Finance, Legal, and other staff as needed
• Conduct research and perform special projects as needed
Other Duties and Responsibilities:
• Serve as back-up to GMS Administrator for Impact Investments; participate in cross-training
• Work with GMS Administrator to help manage legal documentation, due diligence records and other materials required to originate, close, monitor and modify investments
• Manage special projects, conduct research and perform other duties as assigned
Knowledge, Skills, and Experience:
• Minimum of three years of finance and/or accounting experience and a bachelor’s degree are required; experience or familiarity with nonprofits and impact investing preferred
• Must have advanced Microsoft Excel skills and be highly proficient with PowerPoint, Outlook and Word; experience with data analytics tools such as Tableau preferred
• Facility working with budgets and financial models is required, as is a strong working knowledge of basic financial statements and accounting
• Must be comfortable working in a team environment; well organized and able to think and work independently with little direct supervision; and able to take initiative and work proactively
• Strong project management skills are required
• Excellent interpersonal, written and oral communication, and leadership skills are required
• Must be a strong quantitative, analytical, and visual/conceptual thinker
Additional Information
Applicants should apply online at www.macfound.org/jobs.