Portfolio Associate

Organization
Acumen
Location
New York, NY
Job Type
Full-time
Deadline for Applications
10/30/2019
How to Apply
https://acumen.org/work-with-us/?gh_jid=4456559002
Where to Apply
https://acumen.org/work-with-us/?gh_jid=4456559002
Tags
Full-time

Acumen is seeking an Associate in its New York office to work within the Global Portfolio team to help manage diverse portfolio activities, including supporting our regional investment teams around the world. This is an outstanding opportunity for a candidate with 1-2 years of investment banking, private equity, or management consulting experience, superior analytical skills, and a proven interest in global development.

About Acumen
Acumen is changing the way the world tackles poverty by investing in companies, leaders, and ideas. We invest patient capital in businesses whose products and services help people living in poverty to transform their lives. To date, Acumen has positively impacted 270 million lives by investing $120M in 119 innovative, early-stage companies in Africa, Latin America, South Asia, and the United States. But investment isn’t just about capital, we’ve been investing in relationships for years… connecting with emerging leaders in their own countries and engaging them in extended collective dialogue, moral inquiry, and skill building.

Global Portfolio Team
The Office of the Chief Investment Officer is responsible for managing Acumen’s global investment platform, sitting at the nexus between strategy, operations, and insights. Because Acumen is a decentralized organization, our team enables Acumen’s regional investment teams in building a strong portfolio and adding value to each of our companies. We collaborate directly with regional teams—when they need support on due diligence, analysis, adding value as a relationship manager, and maintaining the systems and processes that keep the organization on top of data and performance.

About the role
The Associate will primarily support our New York-based Director of Portfolio and other members of the Global Portfolio team with the full range of the team’s operational responsibilities. The Associate will also serve as the liaison between the Acumen’s Global Portfolio team and several other functional groups – such as Finance, Business Development, and Communications – to ensure that the appropriate portfolio data is shared with and leveraged by relevant team members. The Associate will also have the opportunity to work with other members of the New York team to help evaluate and execute new investment opportunities as they arise.

The individual in this role must be comfortable working in a fast-paced changing environment, executing quickly on a range of transactional responsibilities, as well as thinking critically to add value and solve problems.

More specifically, the Associate will focus on:

General Portfolio Management

Manage the day-to-day oversight of our global portfolio management systems and processes
Capture key insights and decisions made in Acumen’s Investment Committee meetings and other global team forums
Work with the Finance team to prepare quarterly reports and annual forecasts on overall fund activity for the Board of Directors, Chief Investment Officer, and Business Development teams
Provide ad-hoc support on the development and implementation of internal strategic initiatives
Value Creation

Work with Global Portfolio team to support Acumen’s global post-investment value creation platform
Engage in specific value creation interventions for companies within Acumen’s global portfolio as opportunity arises
Insights Generation

Produce practical insights based on the team’s learnings from Acumen’s investment portfolio and help devise ways for our team, our investees, and the broader ecosystem to leverage these learnings
Share insights and data with the Communications and Business Development teams in order to inform the creation of external content
Skills and Qualifications

1-2 years of experience in investment banking, management consulting or investment management; experience with financial and operational due diligence of early stage businesses is a plus
Superior financial, modeling and business analysis skills, as demonstrated by prior experience
Excellent written and oral communication skills; ability to present arguments and analysis in a clear and succinct manner to Acumen management, partners and investees
Strong ability to take initiative with research and analysis and produce valuable results in conditions of uncertainty; solid operational skills including problem solving and project management skills, including ability to work and deliver projects independently, proactively and under pressure
Exposure to emerging markets strongly preferred
Capacity to work adeptly across cultures and geographies
Familiarity with the social enterprise and impact investing sectors; demonstrated commitment to serving the poor is preferred
Bachelor’s Degree is required
Permanent authorization to work in the United States
Additional characteristics we’re looking for in all roles at Acumen:

Commitment to and enthusiasm for the organization’s mission to change the way the world tackles poverty, and respect for our core values: generosity, accountability, humility, audacity, listening, leadership, integrity and respect
Ability to thrive when there is ambiguity, remain cool-headed when there are curve balls, and withstand the tests of a rapidly changing environment with resilience and resolve
A sense of humor (really)
Deadline
Candidates are encouraged to apply early, as applications will be reviewed and candidates interviewed on a rolling basis. The deadline for this position is Monday, October 30, 2019.