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Position: 
Impact Investments Analyst
Location: 
Princeton, NJ
Organization Name: 
Robert Wood Johnson Foundation
Job Category: 
Application Deadline: 
Monday, December 12, 2022

About the Organization

The Robert Wood Johnson Foundation (RWJF; the Foundation), located in Princeton, N.J., is the largest philanthropy in America dedicated solely to health. Since 1972, we have focused on developing and promoting innovations in health and healthcare to improve the lives of millions. In partnership with others, we are working toward a nation that is rooted in equity, compassion, and respect. A nation that provides everyone in America a fair and just opportunity to thrive, no matter who they are, where they live, or how much money they have. This requires addressing many harmful obstacles to well-being, including poverty, powerlessness, and discrimination.
 
We take seriously our responsibilities, and we pledge to work in ways that reflect our Guiding Principles. These are rooted in equity and influence everything we do at RWJF. Equity, diversity, inclusion, and collaboration allow our staff’s wide range of experiences, passions, and perspectives to enrich our work and strengthen our ability to address our nation’s most pressing health issues. The Foundation offers a collaborative, collegial, and creative work environment. With a career at the Robert Wood Johnson Foundation, you will make a difference.
 

About This Opportunity

Reporting to the senior director, Impact Investments, the Impact Investments analyst will be responsible for a range of activities to support RWJF’s Impact Investments portfolio, including financial and administrative management of new impact investments and companion grants; monitoring active investments and awards; ongoing budget management, financial analysis; and cash forecasting.
 
The analyst will join a team dedicated to work on impact investments. RWJF allocated a $200 million pool for impact investments. Building on a legacy portfolio of about $100 million, the Foundation seeks to attract more capital for health and racial equity from co-investment partners such as banks and insurance companies to leverage additional capital for health and racial equity. Impact investments are made in areas of strategic and programmatic importance to the Foundation and are often combined with grant funding.
 
While the analyst can be primarily based at one of the Foundation’s three offices (our headquarters in Princeton, N.J.; New York City; or Washington, D.C.), this is not a remote position. The analyst will be required to visit the Princeton office as defined by the Foundation’s return-to-work policies still to be determined.
 
As with staff at all levels of RWJF, the Impact Investments analyst is expected to demonstrate a passionate commitment to equity, and to the Foundation’s mission and Guiding Principles.
 
Essential Job Responsibilities
Financial and Administrative Management of New Investment and Related Awards
  • Maintain pipeline report, team transaction-status reports; budget tracking for proposed impact investments (“investments”); companion grants; and contracts (“awards”).
  • Analyze financial information collected within the due diligence process; assist in the development of investment memos; and evaluate how the investment will impact the overall risk of the impact investment.
  • Provide input to investment officers and the director on Foundation policies and procedures for awards and on determining the appropriate structure of supporting grants. The analyst works with the Grants Management department to ensure the appropriate proposal is invited and deadlines are met.
  • Review budgets for proposed investments and companion awards and conducts financial due diligence on applicant organizations.
  • Collaborate with the Law department on developing term sheets, reviewing closing documents, and documenting amendments.
  • Ensure documentation is captured in information management systems according to record retention protocols. Ensure the Foundation has all the necessary information to evaluate any changes to the borrower’s financial position and to provide all necessary reporting to the Foundation’s Board and auditors.
  • Maintain all information on transactions in the Grants Management system and in Teams (Impact Investment’s system of records).
Monitoring Active Investment and Related Awards
  • Monitor full portfolio of active investments in conjunction with the outsourced service provider. This includes anticipating capital calls and repayments and to monitor that borrowers are in compliance with covenants. Manages the associated transactions in collaboration with the investment officers and director, with Finance and Law departments, and the service provider.
  • Conduct quarterly check-in meetings with borrowers and provide meeting notes to investment officers.
  • Develop reports on the assessment of risk, recommended loan-loss reserve levels, and probability of guarantee calls for the Finance department and auditors.
  • Proactively manage cash flow for investments and handle operational tasks related to payments and repayments.
  • Monitor reporting, spending, and payments for companion grants and contracts.
  • Assist with preparation of reserve calculations for the annual financial statement audit. Draft the annual risk and probability-of-loss memos for review by Finance department and the external auditors.
  • Conduct a semi-annual review of risk ratings and overall portfolio performance metrics.
  • Monitor external events that could impact investment performance and alert the Impact Investments team of concerns.
Ongoing Budget Management, Financial Analysis and Cash Forecasting
  • Active member of Impact Investments department meetings, contributing to workflow and process improvements.
  • Work with other Foundation units, including Information Technology, Law, Program, Grants Management, and Finance, to initiate, design, and implement process improvements.
  • Maintain pipeline report of proposed investments and awards.
  • Prepare cash payment and repayment forecasts quarterly or as needed in collaboration with Program Finance and Accounting.
  • Contribute to training sessions with the investment officers and director to build knowledge for Foundation staff about impact investments.
  • Create and maintain dashboards summarizing the status of investments.
  • Review case studies about closed impact investments and contribute to an annual report on portfolio activity and impact.
  • Perform other responsibilities as assigned.
Minimum Requirements
  • Commitment to racial and health equity and the Foundation’s vision, values, and Guiding Principles.
  • Experience working in and fostering an inclusive environment, working as part of a multidisciplinary team and working effectively with persons from diverse cultural, social, and ethnic backgrounds.
  • Five (5) years of experience in a foundation or family office evaluating impact/program-related investments and an understanding of how foundations have utilized program-related investments to further strategic priorities is preferred.
  • Specific knowledge of the financial statements of community development financial intermediaries and the key public subsidies that are often present in impact investments.
  • Detailed understanding of the ongoing management of impact investments, e.g., projection of cash flows in and out and reporting requirements for the Finance department and auditors.
  • Knowledge of unfunded guarantees, how they are reflected on the balance sheet, and impact payout when called upon.
  • Strong analytical, critical analysis/reasoning and problem-solving skills. Ability to identify key problems and suggest solutions is essential.
  • Proficiency in the use of Microsoft Office Suite and experience with file sharing systems (Teams, Google docs). Expertise with Microsoft Excel and other tools to create financial models and analysis.  Ability to learn information management systems for investment monitoring and reporting.
  • Able to work and think independently and in teams with confidence.
  • Intellectually curious and able to apply learning to work responsibilities.
  • Collaborative, collegial, team-oriented, and energetic; able to develop productive relationships with colleagues and external partners.
  • Strong time, project, and people management skills and able to balance multiple priorities.
  • Excellent written and verbal communications skills.
  • Able to travel as required, although travel is expected to be minimal.
  • Bachelor’s degree in Accounting or Finance, or related fields, or the equivalent combination of education and experience.
Physical Requirements/Working Conditions
 
The analyst will perform job duties in a typical business office environment. Specific physical abilities required by this job include operating basic office equipment. The analyst will be required to attend meetings, potentially both on-site and off-site, via phone or videoconference.
 

Salary

The starting salary range for the associate is $73,000 to $77,000.
 

How to Apply

Please submit your resume and cover letter HERE

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