Impact Investment Associate

Nov 20, 2018 Massachusetts

Conservation Law Foundation is seeking an Impact Investment Associate, to support pipeline development, related investment due diligence, business development and strategy related to the Healthy Neighborhood Equity Fund (HNEF), and other related investment work (such as Pay for Success and other environmental impact investing opportunities). The position will engage in a range of activities related to the financial, real estate and community development analysis of prospective and funded community development multi-use real estate projects. This role will support the analysis of triple bottom line results that generate positive impact in economics, health and community development.

CLF’s Ventures team is a core partner, along with the Massachusetts Housing Investment Corporation, in developing the Healthy Neighborhoods Equity Fund. HNEF was established to generate investment in transit-oriented projects that have the potential to have positive economic, community and health impacts. The first HNEF impact investment fund closed in 2017 at $22.35 million and will shortly be fully invested; efforts are currently underway to raise HNEF II. This position will also support the day-to-day management and programming of Ventures impact investment strategies, including but not limited to HNEF.

Under the supervision of the Director of Fund Development, the Impact Investment Associate will be chiefly responsible for: i) due diligence on all Ventures social impact investing initiatives; ii) forecasting and analysis of potential revenue and expenses of prospective and selected investment activities; iii) business development to expand CLF’s current impact investing initiatives and iv) working collaboratively with community investment partners and stakeholders engaged in community development projects.

This position requires an understanding of social impact investing, complex public housing/multi-use real estate transactions along with a commitment to innovative approaches to public and private sector investment in low income and underserved communities. Candidates should demonstrate an ability to collaborate with multi-sector teams, be motivated to engage with diverse community groups and populations and have an aptitude for using technology and finance applications to enhance “built” community environments.

Responsibilities:

  • Support the overall CLF Ventures public/private investment strategy.
  • Support the development of new business opportunities and engages in oversight activities of new and existing fund or other investment opportunities.
  • Assist in evaluating investment, legal and other risks related to fund investments.
  • Align and coordinate investment work with key stakeholders such as the Massachusetts Housing Investment Corporation and other principal investors and community agencies.
  • Engage in forecasting and modeling of tenant and retail revenue periodically.
  • Use data from the Ventures research team, particularly the health and wellness community metrics from HealthScore 2.0, to inform investment strategies and impact.
  • Participate with HNEF partners on the evaluation and monitoring of HNEF investments.
  • Support the development, application and management of other impact investing tools which have potential to accelerate and improve positive environmental outcomes, as well as catalyze new investors to the sector (i.e. pay for success, credit trading markets, etc.)
  • Business development
  • Grant reporting
  • Partner/investor outreach to solicit feedback on existing fund
  • Support other Ventures consulting activities related to investment and fund development.
  • Assist with editing and formatting of investment/fund documents and materials.
  • Compose short articles, blogs and communications materials.
  • Contribute to deeper integration of Ventures with other CLF programs by applying market strategies and practices thinking to other program or advocacy areas of the organization.

Qualifications and Experience:

  • Masters degree in Business, Finance, Urban Planning, Community Development or a related discipline.
  • Minimum of five years progressive experience in community-based real estate and/or social impact investment initiatives.
  • Possesses a thorough understanding of community development financing and other complex real estate and financing strategies.
  • Strong sense of urgency and responsibility to achieve deadlines and goals. Enterprising and resourceful, results oriented.
  • Ability to manage projects against tight timelines with a proactive and collaborative style.
  • Intermediate to advanced skills in Excel.
  • Excellent communication skills, both verbal and written.
  • Ability to work independently and as part of a team.
  • Strong organizational skills and attention to detail.

Additional Experience of Value

  • Familiarity with social impact and community development investing.

Salary and Benefits

The Impact Investment Associate is a full-time position. Occasional evenings are required for meetings with community organizations and partners. Some domestic travel is also required. CLF offers a competitive salary, an extensive benefits plan, and an open, inclusive, and accepting work environment where differences are highly respected.

To Apply

Send your resume titled “your last name-first initial-resume” (e.g. “SMITH J RESUME”) and a detailed cover letter titled “your last name-first initial-cover” (e.g. “SMITH J COVER”) to careers@clf.org. Please make “Impact Investment Associate” the subject of your e-mail. Application materials must be received no later than March 16th, 2019.

Conservation Law Foundation (CLF) protects New England’s environment for the benefit of all people. A non-profit, member-supported organization, CLF uses the law, science and the market to solve the region’s most challenging environmental problems from climate change to ocean conservation to transportation. Every day, CLF advocates stand up for New Englanders—in state houses, court houses and board rooms, regulatory hearings and community gatherings—to forge innovative paths to environmental progress and economic prosperity for all in our region. To that end, CLF works with communities of color, and also communities that are economically or otherwise disadvantaged, which often suffer disproportionately the impacts of environmental degradation. CLF is committed to representing New England’s diversity in our staff, volunteers, boards and membership and creating a positive, inclusive workplace culture where all can thrive. People of color are encouraged to apply.