Senior Associate, Education Innovation Ventures

Organization
ECMC Foundation
Location
Los Angeles, CA
Job Type
Full-time
Deadline for Applications
09/24/2022
How to Apply
Please apply with your cover letter and resume.
Where to Apply
https://bit.ly/ecmcfoundation
Tags
Full-time

ECMC Foundation is a national foundation working to improve postsecondary outcomes for students from underserved communities. ECMC Foundation makes investments in two focus areas: college success and career readiness; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments, to invest in both nonprofit and for-profit ventures.

Launched in 2018, ECMC Foundation’s Education Innovation Ventures (EIV) program provides catalytic, risk capital to early-stage ventures working to increase postsecondary educational outcomes and economic mobility among learners who face systemic barriers. Through program-related investments, EIV’s capital generates impact alongside financial returns, which are recycled to fund further impact initiatives and drive changes in educational attainment and economic mobility for learners.

At the onset of a new strategic plan, ECMC Foundation is seeking a Senior Associate for its Education Innovation Ventures (EIV) program. This hire will play a central role in building out EIV’s portfolio of early-stage ventures and social enterprises, using a range of investment tools (e.g. debt, equity, guarantees, and deposits) and ultimately supporting the vision of entrepreneurs who are shaping the future of higher education and work. Specifically, the Senior Associate will:
– In partnership with the Director of Education Innovation Ventures, help lead the strategic growth and execution of impact investments that currently deploy $3-4M across 6-10 new investments annually. Support the end-to-end deal flow process for new investments.

– Proactively source and vet new investment opportunities including analyzing industry sectors, understanding the competitive landscape, conducting due diligence, and determining the value and optimal capital structure under various finance and operating scenarios.

– Present opportunities and deals, including writing high-quality investment memos and supporting materials, for Board of Directors’ consideration and approval.
Build and maintain trusting relationships with portfolio company founders, providing ongoing mentoring, coaching, and strategic support.

– Analyze and track the performance, financial and social reporting, and payments from portfolio companies, including synthesizing data into financial models and impact dashboards.

– Engage in field-building activities, including representing the EIV team at external meetings, conferences, field visits, and other forums that build connections and networks within the broader impact investing, college success, and career readiness space.

– Serve as an internal connector and advocate for EIV within the ECMC Foundation’s ecosystem, operating as a knowledgeable resource and fostering integration across the Foundation’s broader programs and networks.

– Partner with the financial and legal teams of ECMC Foundation’s parent company, ECMC Group, seeking counsel on structuring and negotiating the financial and legal terms of new investments.