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Position: 
Impact Investment Manager
Location: 
Ann Arbor, MI
Organization Name: 
Ann Arbor Area Community Foundation
Application Deadline: 
Tuesday, September 28, 2021

Impact Investing Manager  

Are you passionate about making a difference with your talents? Would you love to put your financial and investment skills to work for community impact? You can make a difference in Washtenaw County, as our new Impact Investing Manager! Apply Now 

Organizational Overview 

The Ann Arbor Area Community Foundation (AAACF) is a collegial and energetic organization that is dedicated to creating positive community change in Washtenaw County, Michigan.  Founded in 1963, AAACF is the seventh largest among the 65 community foundations in Michigan.  

AAACF: 

  • Administers 600 charitable funds, most of which are permanently endowed  

  • Has assets of $200 million 

  • Awards grants and scholarships  

  • Investing locally since 2018, awarding more than 1% of our portfolio, or over $2M  

  • Has gained approval from its Board of Trustees to increase deployment of local investments to $10 million over the next several years. 

 

To learn more, visit www.aaacf.org 

 

Position Overview 

Our brand-new position will play a critical role in this strategic imperative of the foundation, providing leadership to significantly grow the portion of AAACF’s portfolio dedicated to local investments that generate both financial and social returns (“impact investing”). The successful candidate will join the foundation’s community investment team, report to the Vice President of Community Investment and work in an integrated fashion with community investment, finance, and philanthropy staff to achieve organizational goals.  This employee will also work closely with a national impact investing consultant to build the foundation’s internal infrastructure capacity. 

 

This important role involves: 

  • identifying investment opportunities and potential partners 

  • working with external partners to leverage investment opportunities 

  • securing and promoting investments in the AAACF’s impact investing portfolio   

  • assisting in the ongoing learning, evaluation, and asset management of transactions.  

  • promoting a collaborative capital investment strategy for Washtenaw County 

  • engaging in deal origination 

  • overseeing underwriting, risk assessment, deal structuring and closing process  

  • assisting other staff with marketing and communications, creation of marketing materials, and articles and presentations on AAACF’s impact investing activities  

  • working closely with a national impact investing consultant to build the foundation’s internal infrastructure capacity. 

This position will require work with multiple stakeholders and the right blend of hard (financial, strategic, and analytical) and soft (relational and communication) skills. Thus, an ideal candidate will have a finance or banking background, evidence of deal origination abilities, sustained idea generation, an understanding of the social/impact investing sector, and a passion to use financial capital to make a difference. They will also have a deep understanding of place-based investments with a working knowledge of other place-based social investment strategies. The candidate must have strong written and oral presentation skills and the ability to present to and work with committees, a board, a senior executive team, and other key groups and stakeholders. Externally, this position works with borrowers, investors, consultants, and legal counsel.  

Primary responsibilities: 

  1. Lead efforts to communicate and raise awareness of organizational goals regarding impact investing in Washtenaw County  

  1. Work with the foundation’s executive team including the VP - Community Investment, CFO, and VP-Philanthropy to develop a pipeline of investment opportunities that present a dual financial and social impact benefit  

  1. Participate in assigned program team meetings, working closely with stakeholders, to maintain an understanding of programmatic strategy and communication needs  

  1. Provide flexible social investment support across teams, when necessary  

  1. Oversee the due diligence or underwriting of transactions for risk and impact, present to the Impact Investment Committee and/or board, lead the closing process, and monitor the portfolio of impact investments 

  1. Work with colleagues to ensure all departments remain well-informed and empowered with information regarding AAACF’s current and planned impact investing activities 

  1. Identify, establish, and steward relationships with key external partners – including those in the market-rate and social capital investor communities, whether in the private or public sectors– to leverage organizational investments with assets from other aligned investors  

  1. Represent organization at external gatherings, on panels and other public engagements 

Qualifications  

  • Minimum B.A. in finance, economics, real estate, urban planning, business administration, or related field. Advanced degree in a related field is preferred 

  • Three to five years' experience in banking, finance, real estate, private equity, or community development finance  

  • Strong interpersonal and communication skills necessary to interact as a team member with diverse Foundation colleagues and community stakeholders 

  • Demonstrated skills and knowledge of how to work with and within community systems to develop social investment opportunities 

  • Demonstrated ability to build and maintain effective and constructive working relationships and partnerships within and outside of the Foundation  

  • Demonstrated leadership presence to represent the Core Values of the Foundation in the public sphere 

  • Demonstrated commitment and passion for serving marginalized/excluded people and communities and a demonstrated interest in driving positive change 

  • Demonstrated ability to achieve results with little oversight 

  • Successful candidate must live in Washtenaw County or be willing to relocate to Washtenaw County within 3 months of starting the position 

 

Position:  Full Time 

Salary $80,000 - $90,000 based on relevant experience.  

Benefits include:  

  • flexible hours 

  • health, dental and vision insurance 

  • a 403(b) plan with contribution matching 

  • life insurance 

  • short and long-term disability insurance 

  • flexible and childcare savings accounts 

  • paid time off 

  • and other benefits 

 

 
To Apply for This Position 

Please send a cover letter, resume, and answers to the three questions below to [email protected] (no phone calls, please). You may address the cover letter to Jillian Rosen (the foundation’s VP-Community Investment). The three questions to be answered are: 

1. What makes you an exceptional candidate for this position? 

2. Why AAACF? 

3. What is your experience working with not-for-profit organizations and why does a focus on local impact investing appeal to you? 

Deadline To Apply: September 28, 2021 

AAACF is an equal opportunity employer. 

 

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