Associate Director, Program Related Investments

Background

Founded in 1948, the San Francisco Foundation is one of the nation’s largest community foundations. Our mission is to mobilize resources and act as a catalyst for change to build strong communities, foster civic leadership, and promote philanthropy in the San Francisco Bay Area. Together with community leaders, nonprofits, and donors, we are committed to advancing racial equity and economic inclusion to ensure that everyone in the Bay Area has a chance to get a good job, live in a safe and affordable home, and have a strong political voice.

Summary

The Associate Director, Program-Related Investments position is an FTE position that manages the foundation’s program-related investing, including the Bay Area Community Impact Fund (“BACIF”). BACIF is an impact investing fund focused on Bay Area non-profits and projects, utilizing capital from the foundation’s endowment and donor advised funds. Presently, the foundation has $100 million of committed loan facilities outstanding to more than twenty borrowers across the Bay Area.

Responsibilities

• Ensures that the PRI portfolio consists of loans and non-loan investments that are prudent, impactful and align with SFF’s Organizational Result. Partners with Senior Director of the Place Pathway who is responsible for generation of deal flow and the first stage of deal review to ensure fit with PRI mission criteria.
• Helps donors understand the impact and importance of PRIs so they increase their investments in BACIF and feel connected to the foundation.
• Facilitates strong collaboration between relevant SFF departments and stakeholders so that staff are educated on the PRI program as it pertains to their work.
• Provides the PRI Committee with information on new and existing investments to facilitate sound decision making and governance.
• Ensures effective liquidity management and modelling of the BACIF pooled fund.
• Grows the field of impact investing by communicating successes and learning externally.
• Preparation of assigned audit schedules requested by auditors.
• Assists with development and implementation of new systems to manage the PRI program (as required)

Requirements

• Minimum of 6+ years of professional experience in community, commercial, or private lending in the non-profit, philanthropic, public, or private sector.
• Highly skilled in analyzing non-profit financial statements and building financial models.
• Skilled at communicating findings and recommendations to constituencies with varying levels of financial acumen (verbal and written).
• Excellent analytical and writing skills.
• Strong interest in impact investing.
• Familiarity with local and regional community development financial institutions, community banks, and nonprofit organizations preferred.
• Impact investing experience preferred.
• An undergraduate degree in finance or business-related field or master’s degree, preferred.
• Life experience in one or more communities where SFF targets its programs is a plus.

Compensation and Benefits

The San Francisco Foundation offers a very competitive total compensation package including base compensation in alignment with our organizational budget size and rich medical and fringe benefits offerings. This position pays $7,013.50 per pay period.

How to Apply

Please following this link to apply for the role:

Associate Director, Program Related Investments – San Francisco Foundation – Career Page