Impact Investing Portfolio Manager – California Endowment – San Diego, CA

Job title: Impact Investing Portfolio ManagerCompany: California EndowmentJob description: Position Summary:The California Endowment is committed to utilizing its investment capacity in alignment with its mission and values. Through our $250 million commitment to impact investing, we seek to use our power as investors to provide strategic capital that lifts up vulnerable and disinvested communities in California and supports a world where capital is aligned with our mission and values. Our Impact Investing toolkit includes Program-Related Investments and Mission-Related Investments.TCE's $200MM commitment to PRIs is deployed as flexible, often below-market-rate investments structured to generate significant social impact. TCE's $50MM commitment to MRIs is deployed as investments aligned with TCE's broad mission and values and generate market-level rates of return. In addition, we have a commitment to advancing racial equity across our entire Impact Investing program. The Impact Investing Portfolio Manager has significant responsibilities on the Impact Investing team. The Portfolio Manager will work closely with Impact Investing and Finance Department staff, other foundation employees, and the investee/borrower organizations to manage existing investments and support the ongoing learning, evaluation, and asset management of these transactions.This is primarily an asset management position; there may be an opportunity to support some origination work depending on the team's interests, ability, and needs. Success in this role includes a dedication to rigorous financial review, strong compliance management skills, regular assessment of the risk in the portfolio, the creation of quarterly reports, and a high degree of accuracy throughout all of those tasks. The Portfolio Manager will be a steward of the portfolio, regularly assessing its health, synthesizing and reporting this information to the Foundation, and acting as a trusted resource for program partners and investee organizations throughout the life of their financial agreements.This role also requires a dedication to patiently working with organizations and partners. This role can be based at any one of our California offices which includes; Los Angeles, Oakland, Fresno, San Diego, or Sacramento. Hybrid work schedule of up to two days in the office. COVID 19 - Please be aware thatThe California Endowment requires all employees to be fully vaccinated as a condition of employmentPosition Duties andResponsibilities:• Manage the Impact Investing portfolio, ensuring a high degree of accuracy for all information provided.• Confirm receipt and review of required borrower/investee reporting; analyze financial statements and other information to ensure compliance to investment terms, distill learnings, and to monitor the health of investee organizations. • Lead the investment review and risk rating processes for all investments and make investment level reserve recommendations, as applicable. Conduct the careful monitoring and intensive analysis sometimes required for high-risk investments. • Work collaboratively with other functional areas of the Foundation to support investment activities, including capital calls, new account openings, tracking of new investment activity, and supporting audit needs.Act as the team lead on ensuring investment actions are properly documented and recorded in the Foundation's internal systems. • Produce quarterly Board reporting, including portfolio reports, disbursement, and careful tracking of guarantees. • Foster positive relationships with portfolio investees/borrowers and internal partners that ensure a strong portfolio of investments and engender trust and collaboration across the Foundation and with investees and other external partners. Minimum Education, Qualifications, andExperience:This position works with multiple stakeholders, including other foundation staff, borrowers and investees, investors, consultants, and legal counsel.It is important this person has the right blend of hard and soft skills, analytical and people skills, and has a passion for TCE's mission. The ideal candidate will have community development, finance, investment, or banking-related asset-management background. Prior experience with social investing or private foundations is a plus but not required. The ideal candidate will also possess the following:• B.A. in a related field (advanced degree or additional years of related work experience preferred).• Five to seven years' experience in banking, finance, community development finance, or related fields. • Understanding or expertise in non-profit financial statements and business models, an understanding of the social/impact investing sector, and a passion for leveraging the use of capital for social good. • Experience monitoring investments to ensure fiduciary and investment responsibilities are being met; strong investment acumen and successful track record of managing investments. • Strong oral and written communications skills as well as an aptitude for visualizing data, identifying trends, and distilling details into an insightful high-level view.• Strong interpersonal skills to effectively interact with a broad range of foundation colleagues, balanced with the ability to work independently and seek counsel or feedback as appropriate. • Ability to cultivate positive relationships with the borrower and investee organizations, offering technical assistance and insight when needed in the course of their regular reporting to the Foundation. • Please include a cover letter with your applicationThe California Endowment is an equal opportunity employer committed to diversity and to creating a work environment where the individual is valued and respected.The Endowment welcomes applicants from diverse backgrounds and seeks to hire qualified staff reflecting the rich diversity of the communities we serve. We define diversity in broad terms to include race, ethnicity, age, gender, religion, sexual orientation, gender identity and expression, disability, geography, and socio-economic status. For more information about the California Endowment, please visit. PI188667953Expected salary:Location: San Diego, CAJob date: Sun, 14 Aug 2022 07:49:31 GMTApply for the job now!Apply tot his job